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Global Market for Blood Glucose Monitoring Devices is Forecast to Reach USD22.9 Billion by 2026

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Global Market for Blood Glucose Monitoring Devices is Forecast to Reach USD22.9 Billion by 2026

February 12
13:38 2020
Global Market for Blood Glucose Monitoring Devices is Forecast to Reach USD22.9 Billion by 2026

Blood Glucose Monitoring (BGM) Devices – A Global Market Overview

Industry Experts, Inc. published a comprehensive global market research report on Blood Glucose Monitoring Devices. The new report entitled “Blood Glucose Monitoring (BGM) Devices – A Global Market Overview” reveals that the Home Settings end-use sector is estimated the largest consumer of Blood Glucose Monitoring Devices accounting for about 43% in 2019 valued at US$5.9 billion.

The market for Blood Glucose Monitoring Devices is driven by rising prevalence of diabetes worldwide and increasing geriatric population. Additionally, growing awareness about diabetes preventive care and new technology developments are expected to boost the market. Blood glucose monitoring devices are used to measure blood glucose levels in diabetic patients.

North America leads the global market for Blood Glucose Monitoring (BGM) Devices, accounted for 36.9% market share in 2019, which is projected to reach US$8.7 billion by 2026. During the same period, demand for Blood Glucose Monitoring Devices in Asia-Pacific is likely to post the fastest CAGR of 8.7% between 2019 and 2026.

global blood glucose monitoring devices market

The global report analyzes the market for Blood Glucose Monitoring Device categories comprising Self-Monitoring Blood Glucose (SMBG) Devices and Continuous Blood Glucose Monitoring (CBGM) Devices. The market for these product categories further drilled down by SMBG – Glucometer Devices, Test Strips and Lancets; and CBGM – Sensors, Transmitters & Receivers and Insulin Pumps. The report also explores the market for major end-use sectors of Blood Glucose Monitors including Hospitals & Clinics, Home Settings and Diagnostic Centers.

This report reviews, analyzes and projects the Blood Glucose Monitoring Devices market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2017-2026 in terms of value in USD. The regional markets further analyzed for 14 independent countries across North America – the United States, Canada and Mexico; Europe – Germany, France, the United Kingdom, Italy and Spain; Asia-Pacific – Japan, China, India and South Korea; and South America –Brazil and Argentina. The market is analyzed in each region by key country, product category/type and end-use sector.

This 452 page long global Blood Glucose Monitoring Devices market report includes 310 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report includes the brief business profiles of 27 key global players and 48 major players across the North America – 21; Europe – 14; Asia-Pacific – 10; and Rest of World – 3. The report also provides the listing of the companies engaged in research and development, manufacturing, supply and distribution of Blood Glucose Monitoring Devices. The global list covers the addresses, contact numbers and the website addresses of 206 companies.

 

 

California, the US based Industry Experts, Inc. is a multi-industry focused market research provider.

For more details, please visit: http://industry-experts.com/verticals/healthcare-and-pharma/blood-glucose-monitoring-bgm-devices-a-global-market-overview

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