Blood Glucose Meters Industry Data Book | Forecast 2030
Blood Glucose Meters Industry Data Book – Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030
Grand View Research’s blood glucose meters market industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Access the Global Blood Glucose Meters Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Blood Glucose Monitoring Devices Market Report Highlights
The global blood glucose monitoring devices market size is expected to reach USD 23.21 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.13% from 2023 to 2030. The market is expected to expand at a CAGR of 8.0% from 2022 to 2030.
- North America held the largest revenue share in 2022 owing to favorable reimbursement policies, local presence of key players, and supportive government initiatives
- Based on product, the self-monitoring devices segment held the largest revenue share of 66.5% in 2022 and is expected to grow at a significant pace over the forecast period
- The continuous blood glucose monitoring devices product segment is expected to be the fastest-growing segment during the forecast period
- In the self-monitoring devices, the testing strips segment accounted for the largest revenue share in 2022 owing to the high usage of these strips and affordability.
- By end-use, the home care segment is expected to grow at a rapid pace during the forecast period
Continuous Glucose Monitoring Devices Market Report Highlights
The global continuous glucose monitoring devices market size is expected to reach USD 11.2 billion by 2030, registering a CAGR of 4.4% from 2023 to 2030, according to a new report by Grand View Research, Inc.
- By component, the sensors segment held a major share of the global market in 2022, owing to the integral nature of these devices
- By end-use, the home care segment dominated the market in 2022, owing to favorable reimbursement and higher adoption especially due to the outbreak of the COVID-19 pandemic, and the rise in virtual care
- The Bluetooth segment held the larger share of 56.3% in the connectivity segment, due to the need for the replacement of Bluetooth-enabled sensors and the cost associated with its manufacturing
- North America dominated the market in 2022, attributed to the wide usage of CGM devices as a result of a higher number of target patients in the region
- Europe followed North America closely in terms of market revenue due to a rise in the adoption of these devices in key countries
Order your copy of the Free Sample of “Blood Glucose Meters Industry Data Book – Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 – 2030” Data Book, published by Grand View Research
Point-of-Care Glucose Testing Market Report Highlights
The global point-of-care glucose testing market size is expected to reach USD 4.51 billion by 2030, registering a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc.
- Accu-Chek Inform II accounted for the second-largest share in 2022 and is anticipated to maintain this trend throughout the forecast period
- Bayer Contour blood glucose monitoring system is set to grow at a CAGR of 6.1% from 2023 to 2030
- North America is the leading regional market due to the higher penetration of novel diagnostic techniques
- Asia Pacific is estimated to register the fastest CAGR owing to the ever-increasing prevalence of diabetes and numerous untapped growth opportunities in diagnostics
- Moreover, a robust network of local manufacturers has significantly contributed to the revenue generated in this region
Go through the table of content of Blood Glucose Meters Industry Data Book to get a better understanding of the Coverage & Scope of the study
Competitive Landscape
Technological advancements: especially in case of biosensors, Bluetooth integration, & real-time alerts, and price competitiveness are two of the major strategies mostly focused on by the major market players. Each new product is designed to be easier to use by its antecedents and laced with connectivity. Increasing awareness of advanced diabetes management tools is among the top priority of market players.
Mentioned below are some of the key strategies followed by major players in recent years:
In April 2021, Medtronic announced its ongoing commitment to health equity for people of colour living with diabetes. To better understand and address these discrepancies, the company committed investments in collaborations with the American Diabetes Association (ADA) and T1D Exchange, as well as additional research activities.
Grand View Research’s Blood Glucose Meters Industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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