Global Self-monitoring Blood Glucose Devices Market Growth 2023-2029

Global Self-monitoring Blood Glucose Devices Market Growth 2023-2029

Self-monitoring of blood glucose (SMBG) is an important component of modern therapy for diabetes mellitus. SMBG has been recommended for people with diabetes and their health care professionals in order to achieve a specific level of glycemic control and to prevent hypoglycemia. The goal of SMBG is to collect detailed information about blood glucose levels at many time points to enable maintenance of a more constant glucose level by more precise regimens. It can be used to aid in the adjustment of a therapeutic regimen in response to blood glucose values and to help individuals adjust their dietary intake, physical activity, and insulin doses to improve glycemic control on a day-to-day basis.

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

This Insight Report provides a comprehensive analysis of the global Self-monitoring Blood Glucose 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 Self-monitoring Blood Glucose Devices portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Self-monitoring Blood Glucose Devices market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Self-monitoring Blood Glucose Devices and breaks down the forecast by type, by salechannel, 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 Self-monitoring Blood Glucose Devices.

The global Self-monitoring Blood Glucose Devices market size is projected to grow from US$ 8709.8 million in 2022 to US$ 11100 million in 2029; it is expected to grow at a CAGR of 11100 from 2023 to 2029.

The classification of self-monitoring blood glucose (SMBG) devices includes strips, glucose meter and lancet. The revenue proportion of strips in 2017 is about 85.08%, and the proportion is in increasing trend from 2013 to 2017.

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

Market Segmentation:

Segmentation by type
Strips
Glucose Meter
Lancet
Other

Segmentation by salechannel
Public Hospital
Private Hospital
Clinics
Pharmacy Shops

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.
Roche Roche Diagnostics
Lifescan
Abbott Laboratories
Terumo
Ascensia (Bayer)

Key Questions Addressed in this Report

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

What factors are driving Self-monitoring Blood Glucose Devices market growth, globally and by region?

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

How do Self-monitoring Blood Glucose Devices market opportunities vary by end market size?

How does Self-monitoring Blood Glucose Devices break out type, salechannel?

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.