Global Glucose Biosensors Market to Reach $4.1 Billion by 2030
The global market for Glucose Biosensors estimated at US$3.6 Billion in the year 2023, is expected to reach US$4.1 Billion by 2030, growing at a CAGR of 2.1% over the analysis period 2023-2030. Hospitals End-Use, one of the segments analyzed in the report, is expected to record a 1.8% CAGR and reach US$1.5 Billion by the end of the analysis period. Growth in the Homecare Diagnostics End-Use segment is estimated at 2.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $960.3 Million, While China is Forecast to Grow at 3.1% CAGR
The Glucose Biosensors market in the U.S. is estimated at US$960.3 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$765.6 Million by the year 2030 trailing a CAGR of 3.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 1.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$513.8 Million by the year 2030.
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