Us BGMS (Blood Glucose Monitoring System) Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
BGMS (Blood Glucose Monitoring System) Market was valued at USD 9.0 Billion in 2022 and is projected to reach USD 15.0 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US BGMS (Blood Glucose Monitoring System) market is seeing a significant rise in demand, driven by increasing rates of diabetes and the growing need for continuous monitoring. With nearly 30 million people in the US affected by diabetes, the market for BGMS has never been more important, with these devices becoming essential tools for both managing diabetes and improving quality of life for patients. The market has witnessed innovation in both the accuracy of the devices and their ease of use, empowering patients with more control over their health. In fact, many of these devices now offer features like wireless connectivity, data-sharing capabilities, and non-invasive sensors, making them more appealing to users.
In recent years, the adoption of continuous glucose monitoring (CGM) systems has surged, with companies like Abbott and Dexcom leading the charge. These systems have revolutionized diabetes management by providing real-time glucose readings, which help users make better decisions about their diet, exercise, and insulin dosage. This trend is backed by a growing awareness of the need for proactive health management, particularly as the prevalence of Type 2 diabetes continues to increase among the US population. According to recent statistics, the market for CGM devices is projected to grow substantially, driven by technological advancements and rising consumer demand for more accurate and user-friendly solutions.
For many patients, monitoring blood glucose levels using traditional methods like fingerstick testing has been a tedious task. However, with new innovations like the 100 Gigabit Fiber Optic Transceiver Market, BGMS devices are becoming more efficient, offering quicker results and greater accuracy. These technological advancements allow healthcare providers to better track patients' health and make more informed treatment decisions, contributing to improved long-term outcomes for diabetic patients.
The future of the US BGMS market looks promising, with further advancements expected in sensor technology, battery life, and user interface design. With continuous improvement in these areas, the BGMS market is set to become a vital part of diabetes care, helping patients achieve better control of their condition, ultimately improving their quality of life.
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Roche
Lifescan
Abbott
All Medicus
Terumo
Ascensia (Bayer)
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 BGMS (Blood Glucose Monitoring System) Market
Self-Monitoring Blood Glucose (SMBG) Devices
Continuous Glucose Monitoring (CGM) Devices
Glucometers
Test Strips and Sensors
Handheld Devices
Smart Glucose Meters
Electrochemical Technology
Optical Technology
Non-Invasive Technology
Wearable Technology
Online Pharmacies
Retail Pharmacies
Hospitals and Clinics
Direct Sales
E-commerce Platforms
Homecare Settings
Hospitals
Diabetes Care Centers
Research and Clinical Laboratories
Nursing Homes
Type 1 Diabetes Management
Type 2 Diabetes Management
Gestational Diabetes Management
Diabetes Research
Patients with Hypoglycemia
Global (United States, Global 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 BGMS (Blood Glucose Monitoring System) 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 BGMS (Blood Glucose Monitoring System) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global BGMS (Blood Glucose Monitoring System) Market, By Type
6. Global BGMS (Blood Glucose Monitoring System) Market, By Application
7. Global BGMS (Blood Glucose Monitoring System) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global BGMS (Blood Glucose Monitoring System) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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