Global Glucose Monitoring Devices Industry Insights, 2020-2025 - Growing Popularity of Smart, Compact, Digital, Ergonomic, and Wireless Glucose Monitors

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Feb 19, 2020, 08:45 ET

DUBLIN, Feb. 19, 2020 /PRNewswire/ -- The "Glucose Monitoring Devices - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Glucose Monitoring Devices market worldwide is projected to grow by US$5.9 Billion, driven by a compounded growth of 6.8%.

Testing Strips, one of the segments analyzed and sized in this study, displays the potential to grow at over 6.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$4.7 Billion by the year 2025, Testing Strips will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$204.8 Million to the region's size and clout in the next 5 to 6 years. Over US$179.4 Million worth of projected demand in the region will come from Rest of Europe markets.

In Japan, Testing Strips will reach a market size of US$195.9 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 9.9% over the next couple of years and add approximately US$1.6 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:

Abbott Diabetes Care, Inc.
ACON Laboratories, Inc.
AgaMatrix, Inc.
Alive Technologies Pty. Ltd.
ARKRAY, Inc.
Ascensia Diabetes Care Holdings AG
B. Braun Melsungen AG
Beurer GmbH
Dexcom, Inc.
GlySens Incorporated
LifeScan, Inc.
Medtronic plc
Nova Biomedical Corporation
Omron Healthcare Co. Ltd.
Roche Diagnostics
Senseonics Holdings, Inc.
Terumo Corporation
Trividia Health, Inc.
Ypsomed Holding AG

Key Topics Covered

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Glucose Monitoring Devices: Enabling Easier and Efficient Monitoring of the Global Diabetes Epidemic
Growth Drivers in a Nutshell
Recent Market Activity
Glucose Monitoring Undergoes Notable Transformation over the Years: An Evolutionary Scan
Evolution of Diabetes Testing over the Years with Key Features in Each Period
Diabetes Incidence Reaching Epidemic Proportions Worldwide: Foundation for Market Growth
Diabetes: One of the Leading Causes of Death Globally
Diabetes Incidence and Prevalence by Region/Country
Global Market Outlook
Developed Countries are Dominant Markets, while Developing Countries Spearhead Market Growth
Global Competitor Market Shares
Glucose Monitoring Devices Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Popularity of Smart, Compact, Digital, Ergonomic, and Wireless Glucose Monitors Drive Healthy Market Growth
Select Disruptive Glucose Monitors Promising Reduced Pain, Lesser Data Load, and Zero Worries
Innovative Smart Glucometers for Sugar Monitoring
Need for Real-Time Glucose Sensing and Monitoring Drive Strong Demand for Minimally-Invasive CGM Devices
Myriad Benefits of CGMs
CGM Market Gradually Breaks through Barriers to Adoption
Intensive Care Units: A Highly Promising Market for CGMs
Key Challenges Hampering Widespread Adoption of CGM Systems
Despite Competition from CGM Systems, SGM Devices Continue to Dominate Sales
Blood Glucose Test Strips: The Largest Segment
Cost: The Ultimate Factor Favoring Growth in Demand for Blood Glucose Monitoring Systems
Self-Monitoring/Household Blood Glucose:Sustaining Growth in Demand
Key Trends in the Glucose Meter/Monitoring Systems
Smartphone Penetration Favors SMBG Market
Barriers to Adoption of New Technology in BGM Products
Accuracy Issues Plague Blood Glucose Meters Market
Advancements in Glucose Monitoring Devices Offers a New Ray of Hope
Undiagnosed Diabetes: A Major Healthcare Challenge Offering Huge Untapped Potential
Undiagnosed Diabetics: More Prone to Cardiovascular Diseases
Increased Vulnerability of Diabetics to Various Health Complications Drives the Need for Timely Glucose Monitoring
Non-Insulin-Dependent Diabetes Mellitus (NIDDM) Lead to Cardiovascular Complications
Higher Risk of Diabetes in the Fast Expanding Aging Population Benefit Market Expansion
Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
Increasing Healthcare Expenditure Boosts Demand for SGM and CGM Devices
Increasing Obesity Levels Underpins Market Growth
K'Track: Discreet and Painless Glucose- Monitoring Wearable
The Sugar iQ App Provide Predictive Diabetes Care
DIABNEXT CLIPSULIN: World's First A.I Tool for Diabetes
e-mosquito CGM Device
FreeStyle Libre Flash Glucose Monitoring System
MyDario Mobile Data Management Platform
The New Handheld RL-BGM Device
TOUCH TG
Pocket-Sized Gadgets
Digital Contact Lenses
Gamification
Leveraging Big Data
Digital Tattoos
OneTouch Verio Flex Monitoring System
Artificial Pancreas System (APS): The Next Big Thing in Glucose Monitoring
The First-of-its-Kind Artificial Pancreas by Medtronic
Non-invasive, Acetone Detecting Breathalyzer for Glucose Testing
Nanotechnology-based Breathalyzer for Non-Invasive Glucose Monitoring
EMG 1000: Needle-free Device for Glucose Monitoring
Glucase: Smartphone Case with Glucose Testing Kit
Painless Diabetes Monitoring Using NFC Technology
GlucoSense: Laser Device for Non-invasive Monitoring of Glucose Levels
ClearPath DS-120: Enabling Early Detection of Diabetes & Prediabetes
NoStrip Technology: Eliminating Need for Individual Test Strips
Other Innovative and Advanced Glucose Monitoring Systems
Notable Early-stage Investigative Glucose Monitoring Devices

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION
(Total Companies Profiled: 77)

For more information about this report visit https://www.researchandmarkets.com/r/heioqg

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