Global Glucose Monitoring Devices Market Report 2023: Sector to Reach $25.4 Billion by 2030 at a 6.6% CAGR

DUBLIN, May 3, 2023 /PRNewswire/ -- The "Global Glucose Monitoring Devices Market Size, Trends, and Growth Opportunity, by Product Type, by Distribution Channel, by End-user, by Region and Forecast to 2030" report has been added to  ResearchAndMarkets.com's offering.

The Global Glucose Monitoring Devices Market was valued at USD 13.5 billion in 2022 and is expected to expand to USD 25.4 billion by 2030, at a CAGR of 6.61% during the forecast period 2023-2030.

Market Drivers

The increase in the prevalence of diabetes is likely to contribute to the global glucose monitoring devices market's growth during the forecast period. Also, the growing obesity rate is one of the essential causes of diabetes in the general population, hence the number of glucose monitoring devices is also increasing. Thus, this factor boosts market growth further.

Furthermore, an increase in strategic developments, such as partnerships and collaborations, leads to market growth.

Market Restraints

The high cost and complications of monitoring devices restrain the global glucose monitoring devices market. This monitoring device is costly and also painful. Many times, the results of diabetes care devices are not always accurate. Insurance coverage & qualifications for coverage is a challenging factor. Thus, all these factors impede the global glucose monitoring devices market growth.

Market Segmentation

The global glucose monitoring devices market is segmented into product type, distribution channel, end-user, and region.

Based on product type, the global glucose monitoring devices market is segmented into self-monitoring blood glucose devices and continuous glucose monitoring devices.

Based on the distribution channel, the global glucose monitoring devices market is segmented into retail, and online.

Based on end users, the global glucose monitoring devices market is segmented into hospitals, clinics, diagnostic centers, home healthcare, and Others.

Regional Analysis

The global glucose monitoring devices market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

The North American region is expected to dominate the global glucose monitoring devices market in the forecast period owing to the effectual reimbursement policies and growing awareness of diabetes. Also, the region's well-developed healthcare infrastructure and favorable reimbursement policies will lead to market growth.

The Asia-Pacific region is also projected to grow at a significant rate due to the rising demand for minimally invasive surgeries and the huge growth in the advanced healthcare infrastructure in the region.

Market Taxonomy
By Product Type

• Self-Monitoring Blood Glucose Devices
• Continuous Glucose Monitoring Devices

By Distribution Channel

• Retail
• Online

By End User

• Hospital
• Clinics
• Diagnostic Centers
• Home Healthcare
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Global Glucose Monitoring Devices Market Outlook

5 Global Glucose Monitoring Devices Market, By Product Type

6 Global Glucose Monitoring Devices Market, By Distribution Channel

7 Global Glucose Monitoring Devices Market, By End User

8 Global Glucose Monitoring Devices Market, By Region

9 North America Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)

10 Europe Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)

11 Asia Pacific Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)

12 Latin America Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)

13 Middle East Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)

14 Competitive Analysis

15 Company Profiles

Companies Mentioned

• Abbott Laboratories
• Dexcom Inc.
• A. Menarini Diagnostics
• Echo Therapeutics Inc.
• GlySens Incorporated
• Johnson & Johnson
• Medtronic plc
• Senseonics Holdings Inc.
• F. Hoffmann-La Roche Ltd
• Ypsomed

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

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