Self-Monitoring Blood Glucose Market 2021: Evolving Technology, Trends and Industry Analysis 2024

Self-Monitoring Blood Glucose

Self-Monitoring Blood Glucose Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Self-Monitoring Blood Glucose market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends: – Most of the Glucometer Market Revenue is Generated from Blood Glucose Test Strips.

Glucometer is considered to be a one-time purchase. However, test strips, on the other hand, are considered to be a continuous investment, as a test strip needs to be disposed off after one use. Thus, it presents a considerable cost impact to the consumers.
Overall, the global demand for blood glucose test strips is projected to witness significant growth over the forecast period. The growth of the market studied is expected to be spurred by the rising global diabetic population.
The growth in market volumes and share of the test strip is expected to be better than that of glucometers, because of the difference in the use-case frequency. While an average glucose meter lasts anywhere between six months and three years, presenting a one-time cost, during the same time frame, the corresponding use of multiple (in the range of thousands) test strips may occur, causing a recurrent cost impact.

North has the Largest Market Share, and will Continue to Do So in the Future

The global self-monitoring blood glucose systems market is currently experiencing a boost because diabetic patients have to test their glucose levels throughout the day. Mainly Type 1 diabetic people must, and should, test their blood glucose at least three times per day to take their insulin dosage.
The countries in the North n region have a high prevalence of diabetes. According to WHO in 2015, approximately 1.6 million deaths were attributed directly to diabetes on a global scale. An additional 2.2 million deaths were caused due to high blood glucose in 2012.
According to the ADA (n Diabetes Association), the total assessed cost for diagnosed diabetes in 2017 was USD 327 billion, which was inclusive of USD 237 billion in direct medical costs and USD 90 billion in augmented productivity.
The prevalence of diabetes has increased dramatically during the past two decades, which is a fact driven by the increased prevalence of obesity and lifestyle changes. Diabetes ranks among the fast-growing chronic diseases in the United States.

Market Overview:

  • One of the fastest-growing chronic diseases in the world is diabetes. Diabetes is a disease that occurs when the glucose levels of the body increase to more than the normal level, and the body unable to produce insulin. Hence, glucometers are used to monitor glucose levels. The Type 1 diabetes population around the world is rising while witnessing a CAGR of 2.13%. As the diabetic population rises, the self-monitoring blood glucose devices market is also bound to increase.
  • Other factors, such as technological innovations, the convenience of conventional glucose monitoring over conventional monitoring, and early detection of hypo- and hyperglycemic diabetes are the major drivers for market growth.

    Key Manufacturers Like 

  • Abbott Diabetes Care
  • Roche
  • Johnson & Johnson
  • Arkray
  • Ascensia Diabetes Care
  • Agamatrix Inc.
  • Bionime Corporation
  • Acon
  • Medisana
  • Trivida
  • Rossmax.

    Scope of the Report:

  • The report includes a complete study on self-monitoring blood glucose, which includes glucometer devices, blood glucose test strips, and lancets. The study is further divided into hospital usage and home usage.

    Self-Monitoring Blood Glucose market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Self-Monitoring Blood Glucose market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Self-Monitoring Blood Glucose market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Self-Monitoring Blood Glucose market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Self-Monitoring Blood Glucose market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Self-Monitoring Blood Glucose?
    • Who are Opportunities, Risk and Driving Force of Self-Monitoring Blood Glucose market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Self-Monitoring Blood Glucose space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Self-Monitoring Blood Glucose market opportunities, market risk and market overview of the Market?

    Lastly, the Global Self-Monitoring Blood Glucose Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Self-Monitoring Blood Glucose Market Report:

    • To provide a detailed analysis of the market structure along with the Self-Monitoring Blood Glucose market forecast of various segments and sub-segments of the Self-Monitoring Blood Glucose market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Self-Monitoring Blood Glucose market trends that influence the global Self-Monitoring Blood Glucose market

    Detailed TOC of Self-Monitoring Blood Glucose Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Drivers
    4.3 Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Self-blood Glucose Monitors
    5.1.1 By Component (Market Size, Value, and Volume)
    5.1.1.1 Glucometer Devices
    5.1.1.2 Test Strips
    5.1.1.3 Lancets
    5.1.2 By End User
    5.1.2.1 Hospital USE (Market Size, Value, and Volume)
    5.1.2.1.1 Glucometer Devices
    5.1.2.1.2 Test Strips
    5.1.2.1.3 Lancets
    5.1.2.2 Personal Use (Market Size, Value, and Volume)
    5.1.2.2.1 Glucometer Devices
    5.1.2.2.2 Test Strips
    5.1.2.2.3 Lancets
    5.2 Geography
    5.2.1 North
    5.2.1.1 United States (Market Size, Value, and Volume)
    5.2.1.1.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.1.1.2 By End User (Hospital Use and Home Use)
    5.2.1.1.3 By Company (Roche, Abbott, Johnson & Johnson, and Others)
    5.2.1.2 Canada (Market Size, Value, and Volume)
    5.2.1.2.1 By Component (Glucometer Devices, Test Strips, Lancets)
    5.2.1.2.2 By End User (Hospital Use and Home Use)
    5.2.1.2.3 By Company (Roche, Abbott, Johnson & Johnson, and Others)
    5.2.1.3 Rest of North (Market Size, Value, and Volume)
    5.2.1.3.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.1.3.2 By End User (Hospital Use and Home Use)
    5.2.1.3.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2 Europe
    5.2.2.1 France (Market Size, Value, and Volume)
    5.2.2.1.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.1.2 By End User (Hospital Use and Home Use)
    5.2.2.1.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2.2 Germany (Market Size, Value, and Volume)
    5.2.2.2.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.2.2 By End User (Hospital Use and Home Use)
    5.2.2.2.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2.3 Italy (Market Size, Value, and Volume)
    5.2.2.3.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.3.2 By End User (Hospital Use and Home Use)
    5.2.2.3.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2.4 Spain (Market Size, Value, and Volume)
    5.2.2.4.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.4.2 By End User (Hospital Use and Home Use)
    5.2.2.4.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2.5 United Kingdom(Market Size, Value, and Volume)
    5.2.2.5.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.5.2 By End User (Hospital Use and Home Use)
    5.2.2.5.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2.6 Russia(Market Size, Value, and Volume)
    5.2.2.6.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.6.2 By End User (Hospital Use and Home Use)
    5.2.2.6.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.2.7 Rest of Europe (Market Size, Value, and Volume)
    5.2.2.7.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.2.7.2 By End User (Hospital Use and Home Use)
    5.2.2.7.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.3 Latin
    5.2.3.1 Mexico (Market Size, Value, and Volume)
    5.2.3.1.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.3.1.2 By End User (Hospital Use and Home Use)
    5.2.3.1.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.3.2 Brazil(Market Size, Value, and Volume)
    5.2.3.2.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.3.2.2 By End User (Hospital Use and Home Use)
    5.2.3.2.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.3.3 Rest of Latin (Market Size, Value, and Volume)
    5.2.3.3.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.3.3.2 By End User (Hospital Use and Home Use)
    5.2.3.3.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4 Asia-Pacific
    5.2.4.1 Japan (Market Size, Value, and Volume)
    5.2.4.1.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.1.2 By End User (Hospital Use and Home Use)
    5.2.4.1.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.2 South Korea (Market Size, Value, and Volume)
    5.2.4.2.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.2.2 By End User (Hospital Use and Home Use)
    5.2.4.2.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.3 China (Market Size, Value, and Volume)
    5.2.4.3.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.3.2 By End User (Hospital Use and Home Use)
    5.2.4.3.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.4 India (Market Size, Value, and Volume)
    5.2.4.4.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.4.2 By End User (Hospital Use and Home Use)
    5.2.4.4.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.5 Australia (Market Size, Value, and Volume)
    5.2.4.5.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.5.2 By End User (Hospital Use and Home Use)
    5.2.4.5.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.6 Vietnam (Market Size, Value, and Volume)
    5.2.4.6.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.6.2 By End User (Hospital Use and Home Use)
    5.2.4.6.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.7 Malaysia (Market Size, Value, and Volume)
    5.2.4.7.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.7.2 By End User (Hospital Use and Home Use)
    5.2.4.7.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.8 Indonesia( Market Size, Value, and Volume)
    5.2.4.8.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.8.2 By End User (Hospital Use and Home Use)
    5.2.4.8.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.9 Philippines (Market Size, Value, and Volume)
    5.2.4.9.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.9.2 By End User (Hospital Use and Home Use)
    5.2.4.9.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.10 Thailand (Market Size, Value, and Volume)
    5.2.4.10.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.10.2 By End User (Hospital Use and Home Use)
    5.2.4.10.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.4.11 Rest of Asia-Pacific (Market Size, Value, and Volume)
    5.2.4.11.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.4.11.2 By End User (Hospital Use and Home Use)
    5.2.4.11.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.5 Middle East & Africa
    5.2.5.1 Saudi Arabia (Market Size, Value, and Volume)
    5.2.5.1.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.5.1.2 By End User (Hospital Use and Home Use)
    5.2.5.1.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.5.2 Iran (Market Size, Value, and Volume)
    5.2.5.2.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.5.2.2 By End User (Hospital Use and Home Use)
    5.2.5.2.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.5.3 Egypt (Market Size, Value, and Volume)
    5.2.5.3.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.5.3.2 By End User (Hospital Use and Home Use)
    5.2.5.3.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.5.4 Oman (Market Size, Value, and Volume)
    5.2.5.4.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.5.4.2 By End User (Hospital Use and Home Use)
    5.2.5.4.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.5.5 South Africa (Market Size, Value, and Volume)
    5.2.5.5.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.5.5.2 By End User (Hospital Use and Home Use)
    5.2.5.5.3 By Company (Roche, Abbott, Johnson & Johnson and Others)
    5.2.5.6 Rest of Middle & Africa (Market Size, Value, and Volume)
    5.2.5.6.1 By Component (Glucometer Devices, Test Strips, and Lancets)
    5.2.5.6.2 By End User (Hospital Use and Home Use)
    5.2.5.6.3 By Company (Roche, Abbott, Johnson & Johnson and Others)

    6 MARKET INDICATORS
    6.1 Type-1 Diabetes Population (2012-2024)
    6.2 Type-2 Diabetes Population (2012-2024)

    7 COMPETITIVE LANDSCAPE
    7.1 COMPANY PROFILES
    7.1.1 Abbott Diabetes Care
    7.1.2 Roche
    7.1.3 Johnson & Johnson
    7.1.4 Arkray
    7.1.5 Ascensia Diabetes Care
    7.1.6 Agamatrix Inc.
    7.1.7 Bionime Corporation
    7.1.8 Acon
    7.1.9 Medisana
    7.1.10 Trivida
    7.1.11 Rossmax
    7.2 COMPANY SHARE ANALYSIS
    7.2.1 Roche
    7.2.2 Johnson & Johnson
    7.2.3 Abbott Diabetes Care
    7.2.4 Others

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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