Blood Glucose Monitoring Market Is Estimated To Witness High Growth Owing To Rising Prevalence of Diabetes

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.

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 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 Free 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.

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.

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.