Blood Glucose Monitoring System Market In United States

Blood Glucose Monitoring System Market 2022 Key Trends, Industry Analysis, Statistics, Emerging Trends till Forecast Year

The recently released Fortune Business Insights research on the Global Blood Glucose Monitoring System Market survey report provides facts and statistics regarding market structure and size. Global Blood Glucose Monitoring System Market Trends Research report presents an in-depth analysis of the Blood Glucose Monitoring System Market size, growth, share, segments, manufacturers, and forecast, competition landscape and growth opportunity. The research’s goal is to provide market data and strategic insights to help decision-makers make educated investment decisions while also identifying potential gaps and development possibilities.

Industry developments:

• March 2021: Roche Diabetes Care launched its latest Accu-Chek® Instant system for supporting iPDM. It would enable patients to wirelessly connect with the mySugr® app via Bluetooth to gain access to their blood glucose results.

• September 2020: Abbott bagged the Conformité Européenne (CE) Mark for the FreeStyle Libre 3 system. It can now be used by patients suffering from diabetes to get real-time and continuous glucose readings directly on their smartphones in Europe.

What does the Blood Glucose Monitoring System Market Report Include?

The Blood Glucose Monitoring System Market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2020 and 2026. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.

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Drivers & Restraints

Rising Urbanization and Sedentary Lifestyles to Boost Growth

People are nowadays shifting towards sedentary lifestyles because of the rapid urbanization across the globe, especially in developing nations. Hence, the prevalence of diabetes is also rising at a fast pace. The International Diabetes Federation (IDF), for instance, mentioned that in 2019, there were approximately 463 million adults living with diabetes. This number is estimated to reach 700 million by 2045. Therefore, the demand for these monitoring systems is expected to grow in the near future. However, in emerging economies, the lower adoption of these devices and the presence of a huge undiagnosed diabetes population may hamper the blood glucose monitoring system market growth.

Segments

CGM Segment to Grow Steadily Stoked by Ability to Monitor Patients Regularly

By device, the market is bifurcated into self monitoring blood glucose (SMBG) system segment and continuous blood glucose monitoring (CGM) system segment. Out of these, the latter is set to grow steadily because of their surging adoption in emerging and developed countries worldwide. They can easily monitor patients’ blood glucose level regularly.

COVID-19 Pandemic: Surging Usage of These Devices to Accelerate Growth

The outbreak of the COVID-19 pandemic has affected the blood glucose monitoring system market positively because of the rising risk of transmission among diabetic patients. Abbott exhibited a surge of 59.3% during the Q1 2020 in terms of FreeStyle Libre sales. Also, the pandemic has compelled healthcare organizations to keep CGM in hospitals to monitor patients constantly.

Research Methodology:

We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.

The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.

Key Questions Answered in the Report

• What is the expected global Blood Glucose Monitoring System Market size in terms of value during the period 2022-2028?

• What is the expected future scenario and revenue to be generated by different types of solutions including software and platform, hardware, and support services?

• Which region is the largest market for the global Blood Glucose Monitoring System Market?

• What is the expected future scenario and revenue to be generated by different regions and countries in the global precision agriculture market such as North America, South America, Europe, the U.K., China, Asia-Pacific and Japan, and Middle East and Africa?

• What is the competitive strength of the key players in the global Blood Glucose Monitoring System Market based on the analysis of their recent developments, product offerings, and regional presence?

• Which are the different consortiums and associations present in the worldwide Blood Glucose Monitoring System Market, and what are their roles, focus areas, and key functions in this market?

• Where do the key Blood Glucose Monitoring System Market companies lie in their competitive benchmarking, compared on basis of market coverage and market potential?

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.