What is Blood Sugar Monitor Market Scope?
Diabetic patients may use blood sugar monitoring to make regular maintenance choices including food consumption, insulin dosage, and physical activity. Patients use blood glucose metres to check their glucose levels quickly and provide an accurate measure of capillary glucose concentration. Self-monitoring blood sugar monitoring is a modern diabetes treatment technique that requires the use of blood glucose metres by patients to check their glucose levels quickly and provide an accurate measure of capillary glucose concentration. To maintain long-term glycemic control, the technology employs test strips, lancets, and blood glucose metres.The increase can be due to factors such as an increase in diabetes incidence rates and an increase in diabetes risk factors. Furthermore, technological advances in the field of blood glucose monitoring systems, as well as an increase in the geriatric population, are driving the demand for self-monitoring blood glucose devices. In the near future, high growth potential in untapped markets for diabetes monitoring devices is projected to provide lucrative opportunities for the global market for monitoring blood glucose devices.
The Blood Sugar Monitor market study is being classified by Type (Self-Monitoring Blood Glucose Systems [Blood Glucose meters, Testing strips, Lancets & Lancing Devices] and Continuous Glucose Monitoring Systems [Sensors, Transmitters, Receivers]), by Application (Type 2 Diabetes, Type 1 Diabetes and Gestational Diabetes) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from European will contribute to the maximum growth of Global Blood Sugar Monitor market throughout the predicted period.
Roche (Switzerland), Abbott (United States), LifeScan(United States), Ascensia (Switzerland), Medtronic (Ireland), Dexcom (United States), B. Braun (Germany), Nipro (Japan), Sanofi (France), ARKRAY (Japan) and Prodigy Diabetes Care (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SARSTEDT AG & Co. KG (Germany), Norditalia Group S.R.L. (Italy) and Vitrex Medical (Denmark).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Blood Sugar Monitor market by Type, Application and Region.
On the basis of geography, the market of Blood Sugar Monitor 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).
November 2020- Abbott launches continuous blood glucose monitoring system FreeStyle Libre in India. The FreeStyle Libre sensor measures glucose every minute in interstitial fluid through a small (5.5mm long) filament that is inserted just under the skin and held in place with a small adhesive pad.
Influencing Market Trend
- Increasing Use of lancers and Lancents
Market Drivers
- Growing Prevalence of Diabetes
- High Prevalence of Infectious Diseases
Opportunities
- Increased Investments in R&D
- Increasing Government Initiatives to Increase Awareness Among People
Restraints
- Stringent Regulatory Factors
Key Target Audience
Manufacturers of Blood Sugar Monitor, Suppliers of Blood Sugar Monitor, Wholesalers, Distributors and Retailers of Blood Sugar Monitor, Healthcare Industry and Governmental Bodies
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