Blood Glucose Monitoring Device Market Growth Opportunities, Segmentation, Industries opportunities, Overview, forecast period 2022-2028.

Asia-Pacific has countries with the highest diabetic populations, such as China and India, with an average prevalence rate of more than 8%.Blood glucose monitoring devices are used for effective diabetes diagnosis and treatment.

A rise in the diabetic population drives the market by increasing the use of blood glucose monitoring devices.Obesity is also considered one of the major factors contributing to the disease condition, mainly type 2 diabetes.

Also, other factors such as technological innovations and advances provide convenience in measuring blood glucose levels.

These devices are further categorized into the self-monitoring blood glucose devices [(SMBG) segmented into glucometer devices, test strips, and lancets (which are also studied by their usage in hospital and home use, individually)] and continuous glucose monitoring [(CGM) devices segmented into sensors and receivers].Key Market Trends - Self-monitoring Blood Glucose Devices Have High DemandAlthough CGM is an advanced method for people living with diabetes to check glucose readings in real-time, SMBGs are the most preferred devices by patients in Asia-Pacific, due to their economic affordability and lesser sophistications in usage, when compared to CGM.The SMBG segment occupies more than 93% of the market share in the Asia-Pacific blood glucose monitoring market.

The further segmented market of SMBG uncovers the following understanding, that disposable consumables (test strips and lancets) occupy the largest market share compared to glucometer devices.

The cost factor is a major concern for the low growth of CGM in the Asia-Pacific market.China Leading the Asia-Pacific MarketChina is facing the largest diabetes epidemic in the world, with around 11% of its population suffering from metabolic illness, while nearly 36% are pre-diabetic.In 2018, China held the largest share in the Asia-Pacific blood glucose monitoring market due to the large patient pool and wide acceptance of advanced technologies.

Global Blood Glucose Monitoring Market Information: By Product Type (Invasive Glucose Monitoring, CGM, Flash Glucose Monitoring), Application (Type 1 Diabetes, Type 2 Diabetes), & End User (Diagnostic Centers, Hospitals, Clinics) - Forecast till 2023Market HighlightsThe blood glucose monitoring market is one of the rapidly growing markets across the world owing to huge growth in urbanization leading to the increased incidence of obesity, unhealthy diet, and physical inactiveness, which has increased the diabetic population around the globe.

However, high cost associated with monitoring and diagnosis of disease may restrain the market growth.

The global blood glucose monitoring market is expected to grow at a CAGR of 7.1% during forecasted period 2017-2023.Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/557Regional AnalysisGeographically, global blood glucose monitoring market is segmented into America, Europe, Asia Pacific and the Middle East & Africa.The Americas commands the largest blood glucose monitoring market due to the presence of a well-developed healthcare sector and large patient population.

According to WHO, Globally, around 3.4 million people died annually owing to high blood glucose and almost 80% of these deaths occur in lower and middle income countries, and this statistics is coupled with the fact that almost 50% were people aged under 70 years.Asia Pacific is the fastest growing blood glucose monitoring market owing to the presence of rapidly developing healthcare technology, huge patient population, high healthcare expenditure, and increase in prevalence of nerve injuries or disorder related to nerve.

Moreover, increasing demand for new treatment methods in countries like India and China are likely to emerge as the fastest growing market across the globe.On the other hand, in the Middle East and Africa has the lowest market for blood glucose monitoring due to lack of technical knowledge and poor medical facilities.SegmentationGlobal blood glucose monitoring devices market is segmented on the basis of product type, application, and end user.

On the basis of the product type, it is segmented into invasive glucose monitoring devices, continuous glucose monitoring devices (CGM), flash glucose monitoring devices, and others.

Today, diseases such as diabetes are spreading at a very fast rate mainly due to more relaxed lifestyles, genes, and choices of food.

The World Health Organization (WHO) and Centers for Disease Control (CDC) currently report that there are over 420 million diabetics world-wide today and that number is growing at an alarming rate.

In the US alone one-third of the population is a borderline diabetic: a noninvasive wearable device which would affect their behavior to prevent them from becoming diabetic through personal and continuous feedback is sorely needed.

Addressing this demand, Alertgy provides an inexpensive means to fill these major unmet needs in a mature market.

It consists of a wristband containing a biosensor device that is enabled by a smartphone application which provides diabetics with on-demand real-time levels and trends.

When Blood glucose levels become too high or too low, the ALERTGY device, via the patient’s cell phone, ALERTS (hence the word ALERT GY) the patient to take some sort of remedial action.

Market HighlightsThe blood glucose monitoring market is one of the rapidly growing markets across the world owing to huge growth in urbanization leading to the increased incidence of obesity, unhealthy diet, and physical inactiveness, which has increased the diabetic population around the globe.

Furthermore, invention of new technology, increasing awareness, investment in research and development have boosted the blood glucose monitoring market globally.

However, high cost associated with monitoring and diagnosis of disease may restrain the market growth.

The global blood glucose monitoring market is expected to grow at a CAGR of 7.1% during forecasted period 2017-2023.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/557Regional AnalysisGeographically, global blood glucose monitoring market is segmented into America, Europe, Asia Pacific and the Middle East & Africa.The Americas commands the largest blood glucose monitoring market due to the presence of a well-developed healthcare sector and large patient population.

Americas dominate the global blood glucose monitoring market owing to high healthcare spending, increasing population, increased research & development activities and the concentration of major companies have fuelled the growth of the market in this region.Europe holds the second position in the global blood glucose monitoring market owing to the government support for research & development and availability of funds for research.

According to WHO, Globally, around 3.4 million people died annually owing to high blood glucose and almost 80% of these deaths occur in lower- and middle-income countries, and this statistics is coupled with the fact that almost 50% were people aged under 70 years.Asia Pacific is the fastest growing blood glucose monitoring market owing to the presence of rapidly developing healthcare technology, huge patient population, high healthcare expenditure, and increase in prevalence of nerve injuries or disorder related to nerve.Moreover, increasing demand for new treatment methods in countries like India and China are likely to emerge as the fastest growing market across the globe.SegmentationGlobal blood glucose monitoring devices market is segmented on the basis of product type, application, and end user.