Blood glucose meters are devices that are used to monitor blood glucose levels in individuals with diabetes. These devices are crucial in helping people with diabetes manage their condition by providing accurate readings of their blood glucose levels. The global blood glucose meter market is a rapidly growing industry with an increasing number of people being diagnosed with diabetes. The market is expected to experience substantial growth in the coming years due to the increasing prevalence of diabetes worldwide.
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One of the main drivers of the blood glucose meter market is the rising prevalence of diabetes. According to the International Diabetes Federation, in 2019, there were approximately 463 million adults with diabetes worldwide, and this number is expected to increase to 700 million by 2045. This increase in the number of people with diabetes is driving the demand for blood glucose meters, as more people need to monitor their blood glucose levels regularly. Another driver of the blood glucose meter market is the increasing awareness about diabetes and its management. Governments, healthcare organizations, and diabetes associations are working together to raise awareness about diabetes and promote the use of blood glucose meters for effective diabetes management. This has led to an increase in the number of people diagnosed with diabetes who are using blood glucose meters.
One of the main restraints of the blood glucose meter market is the high cost of these devices. Blood glucose meters can be expensive, and this can be a barrier for people who cannot afford them. Additionally, the cost of test strips, which are needed to use the meters, can also be high, making it difficult for people with limited financial resources to manage their diabetes. Another restraint of the blood glucose meter market is the lack of accuracy of some devices. Not all blood glucose meters are created equal, and some may not provide accurate readings, which can lead to incorrect diabetes management decisions. This can be a significant concern for people with diabetes who rely on these devices to manage their condition.
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Major Market Players Profiled in the Blood Glucose Meter Market Report include:
Abbott, Ascensia Diabetes Care Holdings AG, B. Braun Melsungen AG, Dexcom, Inc., DiaMonTech AG, Dottli, Dr Trust., Dr.Morepen, Gluco-wise, Health2Sync, Informed Data Systems Inc. and One Drop, Integrity Applications, La sociétéPKvitality, LifeScan IP Holdings, LLC, Medtronic, Medtronic Pvt. Ltd, Roche Diabetes Care, Sanofi-Deutschland GmbH, Senseonics, Incorporated, SOCIALDIABETES, S.L. and Terumo Europe NVamongst others.
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Our 420+ Pages Report titled, Blood Glucose Meter Market will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
- Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2030)
- (Historic Years: 2015 – 2020
- Base Year: 2021
- Forecast Years: 2022 – 2030)
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19 on Global Blood Glucose Meter Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Regulatory Landscape
- PESTEL Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- (Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives)
- Market Share Analysis, 2021
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
- Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
- The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.
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Global Blood Glucose Meter Market Segmentation:
- Self-Monitoring Blood Glucose (SMBG) Systems
- Continuous Glucose Monitoring Devices
- Digital Solutions
By Sales Channel
- Clinical Laboratories
- Diagnostics Centers
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]
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