BGMS (Blood Glucose Monitoring System) Market Size, Share, Development by 2023

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.

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.

TheBusinessResearchCompany published its Blood Glucose Meters Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global blood glucose meters market.

The report covers the blood glucose meters market’s segments- electrode type blood glucose meter, photoelectric blood glucose meter, hospitals, home care, Type 1 diabetes, Type 2 diabetes, and gestational diabetes.Explore Complete Report https://www.thebusinessresearchcompany.com/report/blood-glucose-meters-global-market-reportBlood Glucose Meters Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.

The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region as well as by country.

It covers all the regions, key developed countries and major emerging markets.

The major regions that are included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Request to get the sample of this report https://www.thebusinessresearchcompany.com/sample.aspx?id=2534=smpThe rising prevalence of diabetes is driving the blood glucose meters market.

Such exponential growth in obese people is causing a stern increase in the purchase of blood glucose meters.Get Discount On This Report https://www.thebusinessresearchcompany.com/sample.aspx?id=2534=discountChapters from Table of Content:Chapter 1.

To avoid further complications, regular monitoring of the glucose level is required.As per the International Diabetes Federation, the number of diabetic population is estimated to touch 642 million by the end of 2040 across the globe.

Therefore, one out of every ten adult is estimated to suffer from diabetes by 2040.

The management and treatment of diabetes is likely to be the prime focus area of the healthcare stakeholders and department.

The surging incidences of diabetes will offer the market huge growth opportunities which will compel and attract market players to develop product line extensions.On the contrary, the high cost of diagnosis and monitoring of the diseases is considered as a top factor vitiating the market growth across the globe.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/557 Global Blood Glucose Monitoring Market: Segmental AnalysisThe Global Blood Glucose Monitoring Market has been segmented on the basis of application, product type, and end user.By mode of product type, the global blood glucose monitoring market has been segmented into continuous glucose monitoring devices (CGM), invasive glucose monitoring devices, flash glucose monitoring devices, and others.

Among these, the type 2 diabetes is likely to command the major share in the global market due to the rising prevalence of type 2 diabetes and growing innovative product launches with less invasive techniques.By mode of end users, the global blood glucose monitoring market has been segmented into hospitals, diagnostic centers, research centers, clinics, and home care diagnostics.

Among these, the home care diagnostics is likely to gain prominence owing to the surging diabetic population, rising awareness regarding regular monitoring of the glucose levels, and growing product launches which enhances the patient comfort at home.Regional InsightsGeographically, the blood glucose monitoring market span across regions namely, Asia Pacific, America, Europe, and the Middle East & Africa.Considering the global scenario, the American region is estimated to command the largest market share and is likely to maintain its pole position in the coming years.

The Asia-Pacific self-monitoring blood glucose devices market is expected to expand at a CAGR of 6.34% during the 2019-2024 period, owing to technological breakthroughs, rising obesity, and the increasing prevalence of diabetes.Product Segment Insights:The testing strips segment is expected to hold the highest market share (81.64%) in 2019.

Owing to the development of innovative testing strips, and a massive increase in the incidence of diabetes, this segment is expected to witness a high CAGR of 6.94% during the forecast period.

However, variations in results due to external and physiological factors will lead to a comparatively low CAGR (4.95%) during the 2019-2024 period.End User Segment Insights:The shift of medical services to decentralized surroundings like patients’ homes and the development of portable and user-friendly blood glucose monitoring devices will enable the home settings segment to expand at a CAGR of 6.82% during the 2019-2024 period.

The hospitals sector will generate almost 7% of the total market revenue by 2019, and is anticipated to expand at a CAGR of 4.78% during the forecast period.Country-wise Insights:China and India account for half of the total diabetic population in the Asia-Pacific region.

Advanced medical facilities, awareness programs, and cost-effective treatments to tackle diabetes will transform this region into the fastest-growing SMBG devices market in the world.

China is expected to expand at a CAGR of 6.62% during the forecast period, while healthcare initiatives and government programs in India will enable the market in the country to expand at a CAGR of 6.46%.Companies covered:• Wockhardt• Roche Holding• Abbott Laboratories• i-SENS• Terumo MedicalRequest a Free Sample Copy of Self-Monitoring Blood Glucose Devices Market Report @ https://www.radiantinsights.com/research/asia-pacific-self-monitoring-blood-glucose-devices-market/request-sampleTable of ContentsChapter 1.