United States Self-Monitoring Blood Glucose Devices Market Growth, Share, Size, Trends, Analysis and Forecast (2024 – 2032)

United States Self-Monitoring Blood Glucose Devices Market Growth, Share, Size, Trends, Analysis and Forecast (2024 – 2032)

The U.S. Self-Monitoring Blood Glucose Devices market size was accounted for USD 4,045 million in 2023 and it is expected to reach around USD 7,138 million by 2032 poised to grow at a noteworthy CAGR of 6.5% during the forecast period from 2024 to 2032.

Market Trends

Increased Diabetes Prevalence: The global rise in diabetes, fueled by factors such as an aging population, sedentary lifestyles and unhealthy diets, is a key driver of demand for SMBG devices.

Technological Advancements: Continuous glucose monitoring (CGM) systems are becoming increasingly popular compared to traditional blood glucose meters as they provide real-time insight into glucose levels without the need to take blood samples from the finger. Smart, connected devices that can be synchronized with mobile apps for better data management and analysis are also on the rise.

Patient Empowerment and Home Care: There is an increasing trend towards patients taking responsibility for their own health and trying to manage it from the comfort of their own home. This has been accelerated by the COVID-19 pandemic, which underlined the importance of remote monitoring and telemedicine.

Insurance and Reimbursement Policies: In many regions, favourable insurance and reimbursement policies for SMBG devices and supplies have supported market growth. However, the extent of coverage varies significantly across different countries and insurance plans.

Future Outlook

The future of the SMBG market appears promising, with several key trends expected to shape its evolution:

Integration with Digital Health Platforms: Increased integration with digital health platforms and medical recording systems for comprehensive health management.

Wearable Technology: The development of a non-invasive, wearable technology for continuous glucose monitoring is a potential game changer, even if there are still significant scientific and regulatory hurdles.

Personalized Diabetes Management: Advances in data analytics and artificial intelligence (AI) are expected to enable personalized, predictive insights into diabetes management.

Given the fast pace of technological innovation and the changing regulatory environment, the market for SMBG devices is likely to continue to evolve rapidly. Manufacturers that focus on improving accuracy, affordability and ease of use while navigating the complex regulatory environment will thrive in this growing market.

This Latest and Comprehensive the United States Self-Monitoring Blood Glucose Devices Market Research Report 2024 provides:

Comprehensive research methodology of the United States self-monitoring blood glucose devices market
Detailed and comprehensive market overview with important analyst insights
Insights into the market determinants stimulating the United States self-monitoring blood glucose devices market
Analysis of the historical growth of the market size of the United States self-monitoring blood glucose devices market from 2018 to 2023The United States self-monitoring blood glucose devices market size estimation and forecast from 2024 to 2032 and growth rate up to 2032
An Insightful Study of the United States Diabetes Population and Forecast to 2032
Evaluate a Complete Overview of the United States Insulin Users and Forecast to 2032
The Market Size of the United States Blood Glucose Meter Market with Eight Years Forecast
The Market Size of the United States Blood Glucose Test Strips Market with Eight Years Forecast
The Market Size of the United States Blood Sugar Lancets Market with Eight Years Forecast
Get Facts and Insights of the United States Blood Glucose Meter Users Volume and Forecast to 2032
Get Facts and Insights of the United States Blood Glucose Test Strips Users Volume and Forecast to 2032
Get Facts and Insights of the United States Blood Glucose Lancets Users Volume and Forecast to 2032
Scrutinize the Key Growth Drivers and Challenges of the United States Self-Monitoring Blood Glucose Devices Market
Provides Key Trends with Respect to Collaboration Deals, Mergers & Acquisitions, Distribution Agreement, Exclusive Agreement, Partnership Deals, and Licensing Agreement
Detailed Insights into the Regulatory Framework of the United States Self-Monitoring Blood Glucose Devices Market
Features Reimbursement Patterns of the United States Self-Monitoring Blood Glucose Devices Market
A Comprehensive List of Key Market Players Along with the Analysis of their Current Blood Glucose Meter Portfolios, Business Overview, and Current Development
Each of the Major Players has been Profiled Based on Parameters such as Business Overview, Key Marketed Products, and Recent Developments

The Key Companies Dominating this Market for their Products, Services, and Continuous Product Developments are:

Roche
LifeScan, Inc
Arkray, Inc
ForaCare, Inc
Fifty50 Medical
iHealth Labs
Oak Tree Health
Livongo Health
Dario Health
One Drop
Sanofi
BioTel Care
Walgreens
i-SENS, Inc
Medtronic
U.S. Diagnostics
Omnis Health
Nova Diabetes Care
Trividia Health, Inc
Simple Diagnostics
Smart Meter LLC
Ascensia Diabetes Care
Abbott Diabetes Care
Genesis Health Technologies
Prodigy Diabetes Care, LLC
Omron Healthcare
Ypsomed Holding AG
Osang Healthcare Co., Ltd
B. Braun Holding GmbH & Co. KG.
Entra Health (Acquired by CRF Health)
Waveform Diabetes (Formerly AgaMatrix Holdings, LLC)

Key Questions Addressed by the Report:

How many people in the United States have diabetes?
How many people in the United States use insulin?
How has the United States self-monitoring blood glucose devices market performed so far?
How is the United States self-monitoring blood glucose devices market anticipated to evolve during the forecast period 2024 - 2032?
How is each segment of the United States self-monitoring blood glucose devices market expected to grow during the forecast period, and what is the revenue expected to be generated by each of the segments by the end of 2032?
What are the main drivers and restraints in the United States self-monitoring blood glucose devices market?
What are the major deals happenings in the United States self-monitoring blood glucose devices market?
What are the various SMBG devices available in the United States?
What is the reimbursement scenario of the products offered in the United States self-monitoring blood glucose devices market?
What is the regulatory system of the self-monitoring blood glucose devices market in the United States?
Who are the top market players and what are their happenings, products, current developments, and scenarios?