(PharmaNewsWire.Com, May 04, 2017 ) Asia-Pacific Glucose Monitoring Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 7.42% to reach USD 443.59 million by 2021, from USD 310.14 million in 2016, which amounts to a cumulative growth of USD 113.45 billion.
Glucose monitoring device is used for patients suffering from diabetes or hyperglycaemia to keep a track of glucose levels in the body otherwise, the body tracks every day and night the amount of glucose levels and also the amount of insulin to be released.
The most commonly used glucose monitoring devices are continuous glucose monitoring devices and blood glucose meters. These devices work with a glucose sensor which is a tiny electrode and is inserted under the skin for measuring the glucose levels in the tissue fluid. This is connected to transmitter which sends the data through a wireless radio frequency to a displaying device and monitor. This device detects and notifies on reaching high or low limits of glucose. Internationally, most of the industrialized nations are spending a huge part of their GDP on healthcare necessities.
The report also presents detailed analysis of multitude of factors affecting the diagnostic imaging market bearing either positive or negative outcomes. Some of those factors are
Rising number of diagnostic imaging techniques, Increasing prevalence of diseases like diabetes and glycaemia, Rising demand for continuous glucose monitoring devices, Improving healthcare infrastructure in developing markets, High cost of glucose monitoring devices, Expiration of patent.
For granular level understanding the Glucose Monitoring Device Market is segmented based on device type and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on device type the market is segmented as continuous wearable devices (Sensors, Transmitters and Activators) and self-monitoring devices (Blood Glucose Meters, Blood Glucose Strips, Lancets, and Haemoglobin A1C testing Kits). Based on Application it is further segmented into hospitals, clinics and diagnostic centres, home setting and ambulatory settings.
With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific. South Korea is estimated to be the most competitive market because of large number of market players and strong local competitors. Some of the key players that operate in the Asia-Pacific Glucose Monitoring Devices market include Roche, Apex Biotechnology Corp., Abbott Laboratories, Arkray, Inc., LifeScan and Ypsomed AG. Among these, Roche Diabetes Care is estimated to hold largest share that is 46.2% which is followed by LifeScan.
The Asia- Pacific Glucose Monitoring Devices market report offers wide-range of scope: Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, application, along with market size forecasts and y-o-y estimations Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.
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