Blood Glucose Monitoring Devices Market Share, Growth Analysis And Industry Size Forecasts To 2026: Grand View Research Inc.

San Francisco, 10 January 2020: The Report Blood Glucose Monitoring Devices Market Size, Share & Trends Analysis Report By End Use (Hospital, Homecare, Diagnostic Centers), By Product (Self & Continuous Monitoring), And Segment Forecasts, 2019 – 2026

The global blood glucose monitoring devices market size is expected to reach USD 17.8 billion by 2026, according to a new report by Grand View research, Inc., registering a 7.1% CAGR over the forecast period. The market is propelled by rising prevalence of diabetes worldwide and increasing geriatric population. Moreover, growing awareness about diabetes preventive care and new product launches are expected to boost the market.

Blood glucose monitoring devices (BGMD) are used to measure blood glucose levels in diabetes patients. These devices help in analyzing glucose level patterns by providing continuous and real-time readings. This guides patients in deciding food intake and insulin dosage. Furthermore, factors such as sedentary lifestyle, unhealthy habits like consumption of junk food and alcohol as well as smoking, and need for safer and faster diagnosis will propel market growth over the forecast period.

Obesity is also one of the major factors attributed to the growing prevalence of diabetes. According to WHO, over 650 million people were obese in 2016 and this number is expected to grow further during the course of the forecast period. The market is also expected to be fueled by continuous efforts for diabetes control by governments and healthcare organizations such as the International Diabetes Federation (IDF). Such organizations provide required expertise and support diabetes awareness campaigns through a network of stakeholders and partners. Increasing healthcare funding for research and development of effective and affordable devices will also contribute to market growth.

Access Research Report of Blood Glucose Monitoring Devices Market @ https://www.grandviewresearch.com/industry-analysis/blood-glucose-monitoring-bgm-devices-market

Further key findings from the report suggest:

• Based on product, the self-monitoring devices segment held the largest market share in 2018 and was valued at just under USD 7.0 billion that year. Test strips for self-monitoring of blood glucose held the largest market share of more than 40.0% in 2018
• Continuous blood glucose monitors are expected to register the highest CAGR of 7.7% over the forecast period. These devices are used by patients that require frequent blood sugar reading
• By end use, the home care segment is likely to emerge as the fast growing segment, registering a CAGR of 7.6% during the forecast period. Advancements in home healthcare management have made self-monitoring of glucose levels easy, convenient, and affordable
• North America held the largest market share owing to favorable reimbursement policies, strong presence of key players, and supportive government initiatives. Increasing prevalence of obesity and diabetes also contributes to regional growth
• Some of the prominent players in the market are Abbott Laboratories; Medtronic plc; F. Hoffmann-La Roche Ltd; Bayer AG; Lifescan, Inc.; Dexcom, Inc.; Sanofi; Eli Lilly and Company; and B Braun Melsungen AG.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/medical-devices

Grand View Research has segmented the global blood glucose monitoring devices market on the basis of product, end use, and region:

Blood Glucose Monitoring Devices Product Outlook (Revenue, USD Million, 2015 - 2026)

• Self-Monitoring Blood Glucose Devices
  • Blood Glucose meter
  • Testing Strips
  • Lancets
• Continuous Monitoring Blood Glucose Devices
  • Sensors
  • Transmitter & Receiver
  • Lancets

Blood Glucose Monitoring Devices End-use Outlook (Revenue, USD Million, 2015 - 2026)

• Hospitals
• Clinics
• Diagnostic centers

Blood Glucose Monitoring Devices Regional Outlook (Revenue, USD Million, 2015 - 2026)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Access Press Release of Blood Glucose Monitoring Devices Market @ https://www.grandviewresearch.com/press-release/global-blood-glucose-monitoring-devices-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com