(PharmaNewsWire.Com, February 28, 2017 ) According to the report North America Glucose Monitoring Device Market published by Market Data Forecast, the North American market is projected to reach $767.1 million by 2021 from $585.82 million in 2016 with CAGR of 5.54% 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. These devices are easy to carry, conveniently portable and allows the patients to conduct a test in their comfort at their homes, rather than in hospitals and pathological laboratories. Also these devices consume much less time than pathologies for providing results as these give instantaneous results, which a reason for their popularity
Products such as insulin pumps have now become the cornerstone for the management of blood glucose levels. The glucose meter offers the functionality of testing sugar with multiple numbers of strips through a single device. Self-testing glucose meter are available which allows patient to check their blood sugar level by themselves. Medical devices are playing an increasingly important role in diabetes.
The North America Glucose Monitoring devices market has witnessed major growth in the past few years, and is largely driven by the increasing number of diabetic patients. The rising obese population and rapid industrialization and urbanization have also contributed to the growth of this market. The North America rules the glucose monitoring device market with the highest market value and a share of 34% in the global market in the year 2016
Segmentation By Type Wearable Sensors Transmitter Activator Self-Monitoring Blood glucose meter Blood glucose strips Lancets By Application Hospitals Clinics Diagnostic Centers
By Geography
The major competitors dominating the market for their products, services, and continuous product developments are Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc., AgaMatrix Inc., Arkray Inc., Medtronic, DexCom Inc., Nova Biomedical Corporation and Teruma Europe NV.
The North America Glucose Monitoring Device Market study offers following deliverables: 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 those 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 analyzing 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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