Global Glucose Meter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Glucose Meter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A glucose meter is a medical device used to determine the approximate concentration of glucose in the blood. It can also be a glucose strip immersed in a substance and measured into a glucose chart. It is a key element of home blood glucose monitoring (HBGM) in patients with diabetes or hypoglycemia. A small drop of blood obtained by puncturing the skin with a lancet is placed on a disposable test strip that is read and used to calculate blood glucose levels. The meter then displays the level of mg / dl or mmol / l.

Market Overview:

The latest research study on the global Glucose Meter market finds that the global Glucose Meter market reached a value of USD 481.49 million in 2022. It’s expected that the market will achieve USD 739.95 million by 2028, exhibiting a CAGR of 7.42% during the forecast period.

Opportunities

With the improvement of living standards, people's eating habits are likely to lead to diabetes.

The state attaches importance to people with diabetes, policy support, and the state has begun to advocate the concept of regular medical examination.

The development of technology, the function of the grape meter is more and more complete, the accuracy is getting higher and higher, and the blood collection also tends to be atraumatic.

Internet of Things technology, the development of intelligent technology.

Region Overview:

From 2023-2028, Brazil is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Roche, Abbott and Lifescan with a revenue market share of 25.83%, 23.49% and 18.91% in 2017.

Roche Diabetes Care is a pioneer in the development of blood glucose monitoring systems and a global leader in diabetes management systems and services. For more than 40 years, the Rocco® brand has been dedicated to making people living with diabetes as normal and active as possible, and enabling medical professionals to manage their condition in the best possible way. Today, the Rocco® product portfolio provides innovative products and effective diabetes management solutions for people with diabetes and healthcare professionals, from blood glucose monitoring to information management to insulin delivery. The Rocco® brand includes blood glucose meters, insulin delivery systems, blood collection devices, data management systems and educational programs - helping to improve medical outcomes.

Abbott Diabetes Care, Inc. Develop, manufacture and distribute glucose monitoring systems. Its products include sensor glucose monitoring systems, blood glucose and ketone monitoring systems, free-style free-portable and free-form insulin; flash glucose monitoring systems, blood glucose monitoring, etc. The company also offers glucose monitoring applications.

Segmentation Overview:

Among different product types, Self-monitoring Blood Glucose segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Home Care segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Glucose Meter market covered in Chapter 3:

Lifescan
Roche
Ascensia Diabetes Care
Dexcom
Nova Biomedical
Abbott

In Chapter 4 and Chapter 14.2, on the basis of types, the Glucose Meter market from 2018 to 2029 is primarily split into:

Self-monitoring Blood Glucose
Continuous Glucose Monitoring

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Glucose Meter market from 2018 to 2029 covers:

Home Care
Medical

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)