Global Blood Glucose Monitoring Devices Market Growth 2023-2029

Global Blood Glucose Monitoring Devices Market Growth 2023-2029

The global BGM devices market is growing due to the increase in the number of people with diabetes, especially type 1 diabetes. To avoid high doses of medication and insulin intake, these people are moving toward monitoring blood glucose levels by learning about the technicalities and the usage of BGM devices.

LPI (LP Information)' newest research report, the “Blood Glucose Monitoring Devices Industry Forecast” looks at past sales and reviews total world Blood Glucose Monitoring Devices sales in 2022, providing a comprehensive analysis by region and market sector of projected Blood Glucose Monitoring Devices sales for 2023 through 2029. With Blood Glucose Monitoring Devices sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blood Glucose Monitoring Devices industry.

This Insight Report provides a comprehensive analysis of the global Blood Glucose Monitoring Devices landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Blood Glucose Monitoring Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Blood Glucose Monitoring Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blood Glucose Monitoring Devices and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Blood Glucose Monitoring Devices.

The global Blood Glucose Monitoring Devices market size is projected to grow from US$ 8985 million in 2022 to US$ 13480 million in 2029; it is expected to grow at a CAGR of 13480 from 2023 to 2029.

Global rise in the prevalence and incidence of diabetes and increasing adoption of continuous glucose monitoring (CGM) systems are the key factors propelling the growth of this market. In addition, continuous technological advancements in blood glucose monitoring devices and rapid growth in aging population are further stimulating the demand for blood glucose monitoring devices. However, inadequate reimbursement and high cost associated with the application of CGM systems and product recalls are some of the key factors hampering the growth of this market.

This report presents a comprehensive overview, market shares, and growth opportunities of Blood Glucose Monitoring Devices market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Self-Monitoring Devices
Continuous Glucose Monitoring Devices

Segmentation by application
Hospitals and Diagnostic Laboratories
POL
Home-Care Settings

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Terumo Corporation
Acon Laboratories
Roche Diagnostics
Johnson＆Johnson
ARKRAY
Novo Nordisk
Medtronic
Abbott Laboratories
Ypsomed
Sanofi

Key Questions Addressed in this Report

What is the 10-year outlook for the global Blood Glucose Monitoring Devices market?

What factors are driving Blood Glucose Monitoring Devices market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Blood Glucose Monitoring Devices market opportunities vary by end market size?

How does Blood Glucose Monitoring Devices break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.