India Blood Glucose Monitor Market Overview, 2028

India Blood Glucose Monitor Market Overview, 2028

India, with its rich cultural diversity and quickly growing healthcare sector, has an expanding demand for blood glucose monitors. These monitors, as an important tool in diabetes management, play a critical role in tackling the nation's rising diabetes prevalence. Diabetes is a severe burden in India, with a startling number of people affected by this chronic ailment. The increased prevalence of diabetes has fueled demand for efficient monitoring technologies, making blood glucose monitors vital companions in the healthcare journeys of millions across the country. India's healthcare landscape is diverse, ranging from excellent medical facilities in urban regions to rural areas with little access. Blood glucose monitors, which are available in pharmacies, hospitals, clinics, and online platforms, serve a diverse demographic. The availability of these gadgets in diverse regions has a considerable impact on their acceptance. In India, government initiatives and healthcare policies prioritise preventive care and the management of chronic diseases such as diabetes. Subsidies, reimbursement schemes, and programmes promoting access to healthcare technologies all contribute to the widespread availability and use of blood glucose monitors. India's healthcare landscape is diverse, ranging from excellent medical facilities in urban regions to rural areas with little access. Blood glucose monitors, which are available in pharmacies, hospitals, clinics, and online platforms, serve a diverse demographic. The availability of these gadgets in diverse regions has a considerable impact on their acceptance. In India, government initiatives and healthcare policies prioritise preventive care and the management of chronic diseases such as diabetes. Subsidies, reimbursement schemes, and programmes promoting access to healthcare technologies all contribute to the widespread availability and use of blood glucose monitors.

According to the research report ""India Blood Glucose Monitor Market Overview, 2028,"" published by Bonafide Research, the India Blood Glucose Monitor market is expected to grow with more than 12% CAGR from 2023 to 2028. India has the world's second-largest diabetes population, with an estimated 77 million individuals suffering from the condition. By 2030, this figure is predicted to reach 100 million. Diabetes is becoming more common in India as a result of factors such as urbanisation, poor food, and a lack of physical activity. This strains the healthcare system and contributes to an increase in problems such as heart disease, stroke, and kidney failure. Blood glucose monitoring is an important element of diabetes therapy, but many patients in India struggle to find affordable and dependable monitors. This is because of factors such as poverty, illiteracy, and a lack of access to healthcare. The Indian government has launched a variety of programmes to encourage the use of blood glucose monitors, including offering monitor subsidies and training healthcare staff on how to use them. A rising number of Indian startups are producing cutting-edge blood glucose monitors, such as those that can link to cellphones and those that can be used without pricking the finger. Diabetes affects people at a younger age in India than in many other countries. A high proportion of young adults and even children are diagnosed with type 2 diabetes in the country, which is attributed to lifestyle factors such as sedentary behaviours and poor nutritional choices. South Asians, for example, have a higher genetic propensity for diabetes than other ethnic groups in India. Diabetes vulnerability in these populations is increased by factors such as genetics and lifestyle.

Based on report market is segmented into product type self-monitoring devices and continuous blood glucose monitoring devices. Self-monitoring device is common in India and is expected to lead the India blood glucose monitor market with significant market share. Self-monitoring gadgets empower people with diabetes by giving them instant access to their blood glucose levels. This real-time data enables improved understanding and management of patient’s illnesses, as well as promoting a sense of control and autonomy in their healthcare, which is highly valued in India's healthcare scene. Diabetes and related chronic illnesses are a huge burden in India. With such a large diabetic population, there is an urgent need for dependable and easily available monitoring equipment. This demand is met by self-monitoring devices, which enable individuals to actively manage their condition through regular monitoring. The availability of a variety of self-monitoring devices at varied price ranges makes them available to a greater segment of the Indian populace. Furthermore, certain gadgets are covered by health insurance or are available through government healthcare programmes, making them more affordable. In India, there is an increasing cultural emphasis on preventive healthcare. Self-monitoring devices fit into this narrative by encouraging proactive diabetes care, which aligns with the growing trend of implementing preventative measures for overall health and well-being.

The end user segment of the market includes hospitals, home care, and diagnostic centers. Diagnostic centers end user segment is projected to grow with significant CAGR in India blood glucose monitor device market. A growing population, rising illness prevalence, and increased knowledge of the significance of frequent health check-ups are driving an increase in demand for diagnostic services, particularly blood glucose monitoring, in India. In India, there is a clear shift towards preventative healthcare, with individuals encouraged to undergo regular health screenings and diagnostic procedures. As part of preventative healthcare packages, diagnostic centres cater to this trend by providing full health check-ups, including blood glucose monitoring. Increased health insurance coverage and collaborations with corporate entities for employee health screenings stimulate traffic to diagnostic centres. Blood glucose monitoring is an important component of various health screening programmes, which increases demand for such services. Diabetes and cardiovascular disease are indication of blood glucose monitor and is creating significant demand in India where diabetes prevalence is at peak boosting the demand for blood glucose monitor in India.

Considered in this report:
• Geography: India
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• India Blood Glucose Monitoring Devices market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Self-monitoring Devices
• Continuous Blood Glucose Monitoring Devices

By End User
• Hospitals
• Home Care
• Diagnostic Centers

By Indication
• Diabetes
• Pregnancy
• Cardiovascular Disorders & Hypertension
• Cancer
• Respiratory Diseases
• Movement Disorders
• Hearing Disorders
• Wound Care
• Other Indications (sleep disorders, kidney disorders, neurovascular diseases, and HIV)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Blood Glucose Monitoring Devices industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.