About Self Glucose Monitoring
Self glucose monitoring is a method where people with diabetes measure their blood sugar themselves using a glycemic reader. As per the reading, they can adjust or check the effect of their treatment. It is an integral part of intensive glycemic treatment and is widely believed to improve the control of blood glucose levels and health outcomes.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Self Glucose Monitoring is a fragmented market with various key players. The key players are focusing on new product launching to support people's needs and ease the burdens of diabetes management. As well the players invest in partnerships, mergers, and acquisitions to enhance their market presence and to launch programs to support people living with diabetes with evidence-based interventions. 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.
Diabetes Québec (Diabète Québec) (Canada), LifeScan (United States), Hoffmann-La Roche AG (Switzerland), Medtronic (Ireland), Ascensia Diabetes Care (Switzerland), Tandem Diabetes Care (United States), Dexcom Inc. (United States), SocialDiabetes (Spain), One Drop (United States) and H2 Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dottli (Finland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Self Glucose Monitoring market by Type (Continuous Glucose Monitor (CGM) and Blood Glucose Meter) and Region.
On the basis of geography, the market of Self Glucose Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Sales, the sub-segment i.e. Online will boost the Self Glucose Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Catagories, the sub-segment i.e. Blood-Glucose Meters will boost the Self Glucose Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Patients will boost the Self Glucose Monitoring market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Diabetic Patients and Technological Advancement and Digitalization over the Globe
Market Growth Drivers:
Increasing Usage of Self Glucose Monitoring among Population
Challenges:
Regulatory Guidelines on the Self Glucose Monitoring Manufacturers
Restraints:
Lack of Knowledge and Skills to use Self Glucose Monitoring
Opportunities:
Growing Demand for Self Glucose Monitoring from Individuals as well as Healthcare Sector
Market Leaders and their expansionary development strategies
In November 2020, LifeScan has announced the partnership with Shoppers Drug Mart Inc. The partnership to launch the Canadian retailer’s first digital diabetes management pilot program. The program is an opportunity to support Canadians living with diabetes with evidence-based and data-driven interventions.
In October 2021, LifeScan has launched OneTouch solutions. It is an e-commerce site a holistic digital health offering linking people with diabetes to solutions and support from proven experts. It can offer the critical support people need and ease the burdens of diabetes management for both the person with diabetes and their healthcare providers.
The US Food and Drug Administration (FDA), “It has become increasingly clear that the different use settings comprise distinct intended use populations with unique characteristics that can impact device design specifications, and that manufacturers should take the unique characteristics into account when designing their devices.”
Key Target Audience
Self Glucose Monitoring Manufacturers and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
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.