Optical and Non-Invasive Techniques Form Part of Product Portfolio of Key Companies in Blood Glucose Monitoring Systems Market, Global Valuation to Touch ~US$ 25 Bn by 2027: Transparency Market Research

ALBANY, N.Y., Nov. 4, 2020 /PRNewswire/ -- Research in next-generation, continuous glucose monitoring among diabetics have been propelling the constant evolution in the blood glucose monitoring systems market. A number of biomarkers of glycemic control have emerged whose monitoring can provide long-term benefits to patients, thereby fueling the adoption of smart glucose monitoring technologies among patient population. Advances in sensors are paving way to new avenues for industry players.

All these will propel the global blood glucose monitoring systems market to expand at a CAGR of 5.5% from 2019 to 2027.

Request for Analysis of COVID-19 Impact on Blood Glucose Monitoring Systems Market – https://www.transparencymarketresearch.com/covid19.php

Researchers at TMR foresee that developments in optical and non-invasive monitoring techniques will open potential revenue streams for medical device manufacturers in the blood glucose monitoring systems market.

These will focus on unveiling reliable, easy to use, and accurate blood glucose monitoring systems to reduce the disease burden of both Type 1 and type 2 diabetes.

Explore 258 pages of top-notch research, incisive insights, and detailed country-level projections on Blood Glucose Monitoring Systems Market (Product: Self-monitoring Blood Glucose Systems [Blood Glucose Meters, Testing Strips, Lancing Devices, and Lancets] and Continuous Glucose Monitoring Systems [Sensors, Transmitters, and Receivers]; Application: Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes; Testing Site: Fingertip Testing and Alternate Site Testing; and Patient Care Setting: Self/Home Care, Hospitals, and Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/report-toc/76761

Key Findings of Blood Glucose Monitoring Systems Market Report

• Of the various product types, self-monitoring blood glucose systems segment held the major share in blood glucose monitoring systems market in 2018
• Testing strips are potentially lucrative sub-segment in self-monitoring blood glucose systems segment
• The segment expected to expand at leading growth rate during 2019 – 2027
• By 2027, the valuation of the global market to reach ~US$ 25 Bn
• Geographically, the Americas held the major market share in 2018
• Europe is the second leading segment in global market
• Asia Pacific blood glucose monitoring systems market to expand at high CAGR during 2019 - 2027

Request Brochure of Blood Glucose Monitoring Systems Market Report - https://www.transparencymarketresearch.com/brochure.php

Blood Glucose Monitoring Systems Market: Key Driving Factors and Promising Avenues

• Rise in awareness about the disease burden of diabetes in populations around the world has propelled the market prospects of blood glucose monitoring systems. The burden is compounded by high morbidity, and mortality and reduced life expectancy.
• The need for easily accessible and affordable technologies for improving measures of glucose control has augmented the demand for continuous glucose monitoring (CGM) systems in patients. Their adoption helps in long-term prognosis.
• The marked prevalence of type 1 diabetes mellitus in numerous countries around the world is a key trend boosting the market.
• Per a report published on epidemiology of diabetes in NCBI, the global prevalence of diabetes is expected to climb to 592 million by 2035.
• Substantial advances have been made in developing and commercializing non-invasive monitoring techniques in the blood glucose monitoring systems market.
• Rapidly rising geriatric populations are key to comorbidities in diabetics. This is propelling the use of self-monitoring devices and better CGM systems.
• Growing adoption of smart blood glucose monitoring systems in young adults has been boosting the market growth.
• The advent of smart insulin pens and other smart devices will help the blood glucose monitoring systems market to emerge rapidly. This is supported by the discovery of reliable biomarkers of glycemic control.
• Favorable policies in numerous developed and developing economies are supporting the adoption of smart devices.

Purchase the Blood Glucose Monitoring Systems Market Report - https://www.transparencymarketresearch.com/checkout.php

Blood Glucose Monitoring Systems Market: Competitive Assessment

The competitive landscape in blood glucose monitoring systems market is shaped by the constant product developments. To this end, numerous players are leaning on partnerships and collaborations, and strengthening their distribution chains to consolidate their geographic footprints in the near future.

Some of the top players are keen on harnessing the potential of mobile apps, especially for use among patients with diabetes mellitus. Aspiring players are incorporating the unveiling of reliable next-generation glucose monitoring systems. Key players are keen on expanding decision support tools for patients by testing novel technologies.

Some of the well-entrenched company names in the blood glucose monitoring systems market are Ascensia Diabetes Care, Abbott Laboratories, Roche Holding AG, AgaMatrix, B.Braun Melsungen AG, and Medtronic.

Browse More Press Release - https://www.transparencymarketresearch.com/press-releases.htm

Global Blood Glucose Monitoring Systems Market: Segmentation 

Blood Glucose Monitoring Systems Market, by Product

• Self-Monitoring Blood Glucose Systems
• Blood Glucose Meters
• Testing Strips
• Lancing Devices
• Lancets
• Continuous Glucose Monitoring Systems
• Sensors
• Transmitters
• Receivers

Blood Glucose Monitoring Systems Market, by Application

• Type 1 Diabetes
• Type 2 Diabetes
• Gestational Diabetes

Blood Glucose Monitoring Systems Market, by Testing Site

• Fingertip Testing
• Alternate Site Testing

Blood Glucose Monitoring Systems Market, by Patient Care Setting

• Self/Home Care
• Hospitals
• Clinics

Blood Glucose Monitoring Systems Market, by Region

• Americas
• U.S.
• Canada
• Brazil
• Mexico
• Rest of Americas
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Poland
• Romania
• Portugal
• Netherlands
• Czech Republic
• Israel
• Austria
• Sweden
• Switzerland
• Denmark
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia & New Zealand
• Indonesia
• Philippines
• Vietnam
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Insulin Delivery Devices Market: According to the report, the global insulin delivery devices market was valued at US$ 10,385.0 Mn in 2017 and is projected to reach US$ 21,783.3 Mn by 2026, expanding at a high CAGR of 8.7% from 2018 to 2026. Increase in the prevalence rate of diabetes and related diseases across the world is anticipated to fuel the global insulin delivery devices market during the forecast period

Insulin Pumps Market: The global insulin pumps market is anticipated to stretch around a value of US$9.50 bn before the finish of the conjecture time frame, which was assessed in 2016, to be around worth US$4.18 bn. The market is foreseen to thrive at a CAGR of 9.80% inside the forecast period from 2017 to 2025.

Wearable Medical Devices Market: The global wearable medical devices market was valued at approximately US$ 6.8 Bn in 2017 and is anticipated to reach a value of approximately US$ 29.6 Bn by 2026, expanding at a CAGR of 17.7% from 2018 to 2026. The market is driven by the rise in prevalence of chronic pain, increase in diabetic population, increase in the geriatric population, and a surge in the rate of adoption of technologically advanced wearable medical products.

Browse Our Latest Reports - https://www.transparencymarketresearch.com/latest.htm

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision."

Browse More Upcoming Reports by Transparency Market Research: https://www.transparencymarketresearch.com/upcoming.htm

Contact

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/blood-glucose-monitoring-systems-market.htm 
Website: https://www.transparencymarketresearch.com/ 

SOURCE Transparency Market Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED