Shibuya-ku, Tokyo, Japan, Japan, Mar 05, 2021, 01:07 /Comserve / -- Key Players: Medtronic plc, Johnson and Johnson, Abbott Laboratories, F. Hoffmann-La Roche Ltd., PHC Holdings Corporation, Ypsomed Holding, Dexcom, Acon Laboratories, Trividia Health Inc., Arkray Inc., Sanofi S.A., Terumo Medical Corporation
Global Blood Glucose Monitoring Systems Market – Drivers, Restraints, Opportunities, Trends, and Forecast: 2018–2024
Overview: Blood glucose monitoring is an integral part of the standard diabetes care, and it is very helpful in controlling the glucose levels in individuals with diabetes and impaired glucose tolerance. The incidence of diabetes is increasing globally, and around 90% of the patients have type 2 diabetes mellitus with approximately one-fifth of the people undergoing insulin treatment. Self-monitoring blood glucose (SMBG) systems and continuous glucose monitoring (CGM) systems are two major types of blood glucose monitoring systems.
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Key Players: Medtronic plc, Johnson and Johnson, Abbott Laboratories, F. Hoffmann-La Roche Ltd., PHC Holdings Corporation, Ypsomed Holding, Dexcom, Acon Laboratories, Trividia Health Inc., Arkray Inc., Sanofi S.A., Terumo Medical Corporation, Prodigy Diabetes Care LLC, and niche players.
The market for blood glucose monitoring systems is driven by increasing incidence of diabetes across various geographies, huge surge in the aging population, and increasing product launch and approvals. Increasing collaboration and funding to develop innovative devices and raising awareness among the patients are providing an opportunity for the market growth. Product recalls and inadequate reimbursements are few of the factors that may hamper the market growth to an extent.
Table of Content
1 Industry Outlook 8
1.1 Market Overview 8
1.2 Total addressable market 10
2 Report Outline 12
2.1 Report Scope 12
2.2 Report Summary 12
2.3 Research Methodology 13
2.4 Report Assumptions 13
3 Market Snapshot 15
3.1 Market Definition – Infoholic Research 15
3.2 Advantages of blood glucose monitoring systems 15
3.3 Segmented Addressable Market (SAM) 15
3.4 Trends of the blood glucose monitoring systems market 15
3.5 Related Markets 17
3.5.1 Insulin pump 17
3.5.2 Smart insulin pen 17
3.5.3 Insulin Syringes 17
4 Market Outlook 18
4.1 Evolution of Blood Glucose Monitoring 18
4.2 Market segmentation 18
4.3 PEST Analysis 18
4.4 Porter 5(Five) Forces 19
5 Market Characteristics 21
5.1 DRO – Global Blood Glucose Monitoring Systems Market Dynamics 21
5.1.1 Drivers 21
5.1.1.1 Increasing incidence of diabetes across various geographies 21
5.1.1.2 Increasing number of product launch and approvals 22
5.1.1.3 Huge surge in the aging population 22
5.1.2 Opportunities 23
5.1.2.1 New collaboration and funding to develop new devices 23
5.1.2.2 Growing patient awareness 23
5.1.3 Restraints 24
5.1.3.1 High cost and inadequate reimbursement 24
5.1.3.2 Product recalls 24
5.2 DRO – Impact Analysis 24
5.3 Key Stakeholders 25
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"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Benefits: The report provides complete details about the usage and adoption rate of blood glucose monitoring systems in various therapeutic verticals and regions. With that, key stakeholders can know about the major trends, drivers, investments, and vertical player’s initiatives. Moreover, the report provides details about the major challenges that are going to impact on the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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Lauren BrownShibuya Data Count
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