Global Blood Sugar Monitoring Equipment Market Growth 2024-2030

Global Blood Sugar Monitoring Equipment Market Growth 2024-2030

Blood sugar monitoring devices are medical devices that continuously measure the approximate concentration of glucose in the blood.

The global Blood Sugar Monitoring Equipment market size is projected to grow from US$ 15460 million in 2023 to US$ 28310 million in 2030; it is expected to grow at a CAGR of 9.0% from 2024 to 2030.

LP Information, Inc. (LPI) ' newest research report, the “Blood Sugar Monitoring Equipment Industry Forecast” looks at past sales and reviews total world Blood Sugar Monitoring Equipment sales in 2023, providing a comprehensive analysis by region and market sector of projected Blood Sugar Monitoring Equipment sales for 2024 through 2030. With Blood Sugar Monitoring Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Blood Sugar Monitoring Equipment industry.

This Insight Report provides a comprehensive analysis of the global Blood Sugar Monitoring Equipment 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 Sugar Monitoring Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Blood Sugar Monitoring Equipment market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Blood Sugar Monitoring Equipment 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 Sugar Monitoring Equipment.

According to our research, the global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment. The International Diabetes Federation (IDF) estimates that approximately 537 million adults will have diabetes in 2021 and is expected to reach approximately 783 million by 2045. With the increasing prevalence of diabetes worldwide, it is vital for patients to monitor their diabetes regularly to monitor their blood sugar levels to avoid hyperglycemia or hypoglycemia. Multiple factors such as rapid urbanization and sedentary lifestyles in emerging and developed countries are responsible for the rising prevalence of diabetes. The adoption of these systems is growing at a faster pace owing to factors such as rising number of diabetic patients, rising awareness among patients about blood glucose monitoring, and introduction of new monitoring devices by major players. Moreover, supportive reimbursement policies for self-monitoring blood glucose (SMBG) and continuous glucose monitoring (CGM) systems in many countries is another important factor expected to further drive the adoption of blood glucose monitoring systems and will subsequently drive market growth.

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

Segmentation by type
Minimally Invasive
Non-Invasive

Segmentation by application
Child
Adult
Elderly

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.
Dexcom
Abbott Laboratories
Medtronic
Senseonics Holdings
GlySens Incorporated
San Meditech
Cnoga Medical
Integrity Applications
MediWise
Meiqi Medical Equipment
Taiwan Biophotonic

Key Questions Addressed in this Report

What is the 10-year outlook for the global Blood Sugar Monitoring Equipment market?

What factors are driving Blood Sugar Monitoring Equipment market growth, globally and by region?

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

How do Blood Sugar Monitoring Equipment market opportunities vary by end market size?

How does Blood Sugar Monitoring Equipment break out type, application?

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