(PharmaNewsWire.Com, January 05, 2017 ) According to the report Glucose Monitoring Device Market, published by Market Data Forecast, the global market is projected to reach USD 2.3 Billion by 2021, at a CAGR of 6.24% from 2016 to 2021.
Blood glucose monitoring devices are used to monitor the blood glucose in patients suffering from diabetes or other glucose-related diseases like glucose intolerance. Technological innovation such as launch of artificial pancreas has taken diabetic care management to a next level and they are further putting efforts in advancing closed loop algorithms. Thus, advancement in Glucose Monitoring systems makes possible early detection of hypoglycaemia in an easy manner in comparison to infrequent point-of-care glucose meter measurements.
The rising obese population and rapid industrialization and urbanization have also contributed to the growth of this market. With the rise in the number of cases of diabetes being recorded worldwide, it is necessary for patients around the world to have their blood glucose level continuously monitored to avoid the consequences of high glucose level like cardiovascular diseases, a blood disorder, blindness, kidney disorder and many other conditions. Which gives high growth opportunity for the market.
Based on Device Type: Continuous Wearable Devices Sensors Transmitters and Activators Self-Monitoring Devices Blood Glucose Meters Blood Glucose Strips Lancets Haemoglobin A1C Testing Kits Based on Application: Hospitals Clinics and Diagnostic Centers Home Setting Ambulatory Settings Geographical Segmentation: North America Glucose Monitoring Device Market Europe Glucose Monitoring Device Market Asia-Pacific Glucose Monitoring Device Market Latin America Glucose Monitoring Device Market Middle-East and Africa Glucose Monitoring Device Market
The major companies operating in the global Glucose Monitoring Device market are Roche Diagnostics (Switzerland), LifeScan (U.S.), Bayer Health care (U.S.), Abbott Diabetes care Inc (U.S.), AgaMatrix Inc (U.S.), Arkray Inc (U.S.), Medtronic (Ireland), DexCom Inc (U.S.), Nova Biomedical Corporation (U.S.) and Terumo Europe NV (Belgium).
The Glucose Monitoring Device Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment 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 An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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