About Glucose Analyzers
Glucose analyzers are devices that measure blood glucose levels; also used to test for transient high or low glucose levels. It also allows patients to be monitored for conditions such as diabetes, hyperglycemia, or hypoglycemia. It consists of a recognition element that identifies the target molecules, a transducer element to measure the signal from the target molecule, and a processing system so the signal can be read. It contains a display, a keypad to enter information and a slot to insert a test strip containing a drop of blood which is tested for glucose.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 17.0% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Glucose Analyzers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EKF Diagnostics (United Kingdom), Analox Sensor Technology (United Kingdom), Thermo Fisher Scientific (United States), A&T Corporation (Japan), McKesson Corporation (United States), Xlab Solutions S.R.L. (Romania), DiaSys Diagnostic Systems GmbH (Germany), Polymer Technology Systems, Inc. (United States), Analis (India) and Vertex Technics S.L. (Spain) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Roche Holding AG (Switzerland) and PHC CORPORATION (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Glucose Analyzers market by Type (Handheld POC Glucose Analyzer and Benchtop POC Glucose Analyzer), Application (Homes, Hospitals and Physician Clinics) and Region.
On the basis of geography, the market of Glucose Analyzers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Glucose Analyzers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in the Field of Medical Science
Market Growth Drivers:
Increase in the Prevalence of Diabetes Globally, Development of New Diagnostic Centre and Hospitals and Growing Focus on Preventive Healthcare
Challenges:
Technical Issues Related to the Device
Restraints:
High Cost
Opportunities:
Growing Healthcare Industry Worldwide and Development of Healthcare Infrastructure in Emerging Economies
Market Leaders and their expansionary development strategies
In October 26, 2023, Abbott Laboratories announced a strategic collaboration with Dexcom to integrate Dexcom's continuous glucose monitoring (CGM) systems with Abbott's FreeStyle Libre devices, aiming to create a more comprehensive diabetes management solution.
On September 20, 2023, AgaMatrix launched the iBGstar Precision meter with advanced features like ketone testing and Bluetooth connectivity.
Key Target Audience
Glucose Analyzers Manufacturers, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.