Global Blood Glucose Monitoring Devices Market Outlook and Forecast 2019-2024: Major Vendors are F. Hoffmann-La Roche, Abbott, Dexcom, LifeScan, Medtronic, & Ascensia Diabetes Care

3/25, 12:24 PM (Source: GlobeNewswire)

Dublin, March 25, 2019 (GLOBE NEWSWIRE) -- The "Blood Glucose Monitoring Devices Market - Global Outlook and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global blood glucose monitoring devices market is expected to reach revenues of more than $25 billion by 2024, growing at a CAGR of over 9% during 2018-2024.

The rapidly changing lifestyle, high alcohol consumption, and smoking habits are contributing to an increasing number of diabetic patients in the global market. The introduction of innovative BGM devices and increased marketing of these products online will add to the growth of the market worldwide.

The global blood glucose monitoring devices market is driven by the increasing number of vendors collaborating with healthcare providers to promote and encourage patients to use BGM devices at their homes. The exponential growth of China and India will boost the demand for these devices in the global market. The market research report provides in-depth market analysis and segmental analysis of the global blood glucose monitoring devices market by product type, usage type, distribution channel, end-user type, and geography.

The report considers the present scenario of the global blood glucose monitoring devices market and its market dynamics for the period 20192024. It covers a detailed overview of various market growth enablers, restraints, and trends. The study includes both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the global market.

Blood Glucose Monitoring Devices Market - Dynamics

The global blood glucose monitoring devices market has been witnessing a broad range of technological innovations and improvements. As the demand for BGM is growing at a significant rate, vendors are focusing on developing innovative devices incorporating new technological platforms and improving existing ones to enhance overall diabetes management. The continuous focus of vendors on technological advancements and improvements has led to the development of highly advanced and innovative BGM devices. As the usage of BGM in managing diabetes has become increasingly popular globally, the demand for technically advanced devices is likely to be increased at a significant rate in coming years globally.

A simple, pain-free, easy-to-use, non-invasive method would mark a major improvement in diabetes care. Various companies and research groups are working on non-invasive methods to monitor blood glucose levels in people with diabetes. Non-invasive blood glucose monitoring is fast, painless, and cost-effective compared to existing fingerstick and CGM tests. As non-invasive blood glucose monitoring offers 100% pain free blood glucose testing, development of a non-invasive blood glucose monitor has become a major area research among researchers and vendors.

The global blood glucose monitoring devices market is growing at a significant rate and offers tremendous growth opportunities both for existing and upcoming players, especially who are developing smart/connected glucose meters and CGM systems. Vendors are exclusively focusing improving patient convenience and integration of BGM devices with other diabetes care devices like insulin pumps and remote patient monitoring platforms. Many vendors are investigating high capital on R&D activities to develop and commercialize innovative and breakthrough BGM devices enhancing diabetes management.

Key Vendor Analysis

The global blood glucose monitoring devices market is highly dynamic due to the presence of several global, regional, and local players. The leading vendors are offering a diverse range of BG meters, test strips, sensors, lancets, and lancing devices for enhancing/improving diabetes management to sustain the intense competition in the market. The top manufacturers are focusing on commercializing both personal and professional devices across emerging nations to expand their business and distribution network in the global blood glucose monitoring devices market.

The major vendors in the global market are:

  • F. Hoffmann-La Roche
  • Abbott
  • Dexcom
  • LifeScan
  • Medtronic
  • Ascensia Diabetes Care

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Diabetes: An Overview
7.1.1 Types of Diabetes
7.1.2 Causes of Diabetes
7.1.3 Symptoms of Diabetes
7.1.4 Diagnosis and Tests
7.2 Blood Glucose Monitoring
7.2.1 Time and Frequency of BGM
7.2.2 Types of Blood Glucose Monitoring

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Growing Prevalence of Diabetes
8.1.2 Increasing Advancements in Technology
8.1.3 New Product Approvals/Launches
8.1.4 Increasing Availability of Mobile Applications and Data Integration Platforms for BGM Devices
8.1.6 Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Limitations and Operational Challenges Associated with BGM Devices
8.2.2 High Cost of BGM Devices and Rise in Economic Burden for Diabetes Management
8.2.3 Reimbursement for BGM Devices Coupled with Competitive Pricing of Vendors
8.2.4 Presence of Large Pool of Undiagnosed Population
8.2.6 Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Emergence of Non-invasive Blood Glucose Monitoring Devices
8.3.2 Promising BGM Devices under Investigation
8.3.3 Growing Demand for Smart and Bluetooth-enabled Blood Glucose Meters

9 Market Landscape
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Porter's Five Forces Analysis

10 Market by Product Type
10.1 Market Overview
10.2 Conventional Blood Glucose Monitoring Devices Market
10.3 Continuous Blood Glucose Monitoring Devices Market

11 Market By Usage
11.1 Market Overview
11.2 Personal BGM Devices
11.3 Professional BGM Devices

12 Market by Distribution Channel
12.1 Market Overview
12.2 Retail Stores
12.3 Online Channels

13 Market By End-users
13.1 Market Overview
13.2 Individuals
13.3 Hospitals and Clinics
13.4 Others

14 Market By Geography
14.1 Market Overview

15 North America

16 Europe

17 APAC

18 Latin America

19 Middle-East & Africa

20 Competitive Landscape
20.1 Competitive Scenario
20.2 Market Vendor Share/Ranking Analysis
20.2.1 Conventional Blood Glucose Monitoring Devices
20.2.2 Continuous Blood Glucose Monitoring Devices

21 Key Company Profiles
21.1 Ascensia Diabetes Care
21.2 Abbott
21.3 Dexcom
21.4 F. Hoffmann-la Roche
21.5 LifeScan
21.6 Medtronic

22 Other Prominent Vendors
22.1 77 Elektronika Kft.
22.2 A. Menarini Diagnostics
22.3 Acon Laboratories
22.4 AgaMatrix
22.5 Alliance International
22.6 Andon Health (Tianjin Jiu'an Medical Electronics)
22.7 ARKRAY
22.8 ApexBio
22.9 B. Braun Melsungen
22.10 Beurer
22.11 Bionime
22.12 Bioptik
22.13 BioTelemetry
22.14 Biotest Medical Corp.
22.15 BTNX
22.16 DarioHealth
22.17 Integrity Applications
22.18 Medisana
22.19 Medtrum Technologies
22.20 Nova Biomedical
22.21 Omnis Health
22.22 Philosys
22.23 Sanofi
22.24 Senseonics Holdings
22.25 TaiDoc Technology
22.26 Terumo
22.27 Trividia Health
22.28 Rossmax International
22.29 Ypsomed

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Related Topics: Medical Devices, Glucose Testing, Diabetes Devices 

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