Global Glucose Monitoring Devices Market

The Global Glucose Monitoring Devices Market was valued at US$ XX billion in 2016 and is expected to grow at around XX% CAGR to reach nearly US$ XX billion by 2022. Glucose monitoring devices are instruments that help indicate the level of glucose in the bloodstream of the patient. Glucose monitoring devices can be classified as Blood Glucose Monitoring devices and Continuous Glucose Monitoring devices. These devices are mainly used by individuals suffering from Diabetes or who are at a high risk of developing diabetic conditions. Increasing prevalence of diabetic illnesses, fall in costs, rising awareness and other factors are fuelling the growth of this market.

End Users

The end users of glucose monitoring devices are mainly hospitals, laboratories and individual customers. Hospitals and laboratories usually use sophisticated and highly accurate glucose monitoring devices. On the other hand, individual customers mainly use compact and low cost glucose monitoring devices. Adoption of new technologies that allow for non-invasive glucose monitoring is expected to further boost the market.

Market Dynamics

Increasing prevalence of diabetes related medical conditions and the growing awareness about the importance of glucose monitoring are the primary growth drivers of the glucose monitoring devices market. Availability of highly portable and easy to use products has helped the individual customers segment to grow at rapid pace. Adoption of new technology that promises painless and non-invasive glucose monitoring is expected to further boost growth of the market. Continuous glucose monitoring devices market is expected to witness faster growth due to the potential of gaining much better insight to the patient's reaction to glucose levels.

Some of the restraints faced by the market are high operating costs of blood glucose monitoring devices and accessibility issues with continuous glucose monitoring devices. Also, incorrect use of the devices may result in inaccurate results which can hurt customer trust in the devices. Thus companies need to introduce products that are easy to use and also ensure that the end user is trained to use the product.

Market Segmentation

The global glucose monitoring devices market can be segmented based on type of device, type of method used to measure glucose, type of end user and geography. Based on type of device, the market can be segmented as blood glucose monitoring and continuous glucose monitoring devices. A new type called non-invasive glucose monitoring device is also gaining ground in the market. Based on method used to measure glucose, the market can be segmented as strips, lancet, electrode, and others.

Regional/Geographic Analysis

Geographically, the glucose monitoring devices market can be divided into North America, Europe, Asia-Pacific (APAC), and Latin America, Middle East and Africa (LAMEA) regions. Currently, North America accounts for the largest share of the market. Fast growth is expected in the APAC region due to high population, prevalence of lifestyle diseases, rising awareness and increasing disposable incomes.

Key Players

Some of the key players in the glucose monitoring devices market are Roche Diagnostics, LifeScan, Bayer Healthcare Division, Arkray, and Abbott Laboratories.

The report contains comprehensive analysis on:

--> Glucose Monitoring Devices Market Segments

--> Glucose Monitoring Devices Market Drivers, Restraints and Opportunities

--> Glucose Monitoring Devices Market Size & Forecast 2016 to 2022

--> Supply & Demand Value Chain

--> Glucose Monitoring Devices Market Current Trends

--> Competition &Major Companies

--> Technology and R&D Status

--> Porters Five Force Analysis

--> Strategic and Critical Success Factor Analysis of Key Players

Regional analysis for Glucose Monitoring Devices Market includes

--> North America

>> US and Canada

--> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

--> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

--> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

--> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

--> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.

Report Highlights::

--> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

--> Consumer and Pricing Analysis

--> Market dynamics of the industry

--> In-depth Market Segmentation

--> Historical and Projected Market Sizing in terms of volume and value

--> Recent market trends and Impact Factors

--> R&D Status and Technology Overview

--> Extensive Industry Structure Coverage