Self Monitoring Blood Glucose (SMBG) Device Market size is estimated to be USD 5.4 Billion in 2024 and is expected to reach USD 10.2 Billion by 2033 at a CAGR of 7.5% from 2026 to 2033.
In 2022, the global Self Monitoring Blood Glucose (SMBG) device market was valued at approximately $18.4 billion and is projected to grow at a compound annual growth rate (CAGR) of 8.2% through 2028. North America held the dominant market share, driven by a high prevalence of diabetes and advanced healthcare infrastructure. For instance, the U.S. market was valued at $6.4 billion in 2023 and is projected to reach $20.3 billion by 2034. Europe also accounted for a significant share, with countries like Germany and the UK contributing substantially due to increasing diabetic populations and supportive healthcare policies. The Asia Pacific region is expected to witness the fastest growth during the forecast period, attributed to rising diabetes prevalence, growing awareness, and improving healthcare infrastructure. China, for example, had approximately 129 million individuals with diabetes in 2021, representing about 8.5% of its population. Similarly, the Middle East and Africa (MEA) region generated revenue of $228.8 million in 2022 and is anticipated to grow at a CAGR of 6.4% from 2023 to 2030, with South Africa expected to register the highest growth rate in this region.
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Abbott Laboratories
Bionime Corporation
B.Braun Melsungen AG
F.Hoffmann-La Roche Ltd.
LifeScan Inc.
PHC Holdings Corporation
Home Diagnostics Inc.
Terumo Pharmaceutical Solutions
ARKRAY Inc.
Ypsomed Holding AG
Dexcom Inc.
Medtronic PLC.
Novo Nordisk
Glysens Incorporated
Senseonics Holdings
Ascensia
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Self Monitoring Blood Glucose (SMBG) Device Market
Blood Glucose Meters
Continuous Glucose Monitoring (CGM) Systems
Smartphone-Integrated Devices
Wearable Glucose Monitoring Devices
Strip-Based
Non-Invasive
Enzyme-Based
Optical Sensors
Diabetes Management
Pre-Diabetes Monitoring
Gestational Diabetes
Fitness and Wellness Tracking
Homecare Settings
Clinics and Diagnostic Labs
Hospitals
Pharmaceutical Companies (for research purposes)
Online Retail
Pharmacies
Hospital Supply Units
Specialty Clinics
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Self Monitoring Blood Glucose (SMBG) Device Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Self Monitoring Blood Glucose (SMBG) Device Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Self Monitoring Blood Glucose (SMBG) Device Market, By Type
6. Global Self Monitoring Blood Glucose (SMBG) Device Market, By Application
7. Global Self Monitoring Blood Glucose (SMBG) Device Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Self Monitoring Blood Glucose (SMBG) Device Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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