"Designing Growth Strategies is in our DNA"

Blood Glucose Meter Market Size, Share and Industry Analysis by Product (Continuous Glucose Monitoring Devices, Self-Monitoring Blood Glucose (SMBG) Systems), By Technique (Invasive, Non-Invasive), By Type (Wearable, Non-Wearable), By Distribution Channel (Institutional Sales, Retail Sales, Others), and Regional Forecast 2019-2026

Region : Global | Format: PDF | Report ID: FBI100770

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global blood glucose meter market size was valued at USD 7,419.0 Million in 2018 and is projected to reach USD 15,415.6 Million by 2026, exhibiting a CAGR of 9.6% during forecast period. North America market size was worth USD 7419 Million in 2018.


According to the International Diabetes Federation, in 2017, an estimated 425 million people suffered from diabetes globally. This figure is expected to rise to 629 million by 2045. The increasing diabetic patient population, combined with the reliability and accuracy of the blood glucose monitoring devices are some of the factors driving the blood glucose meter market share. The rise in the demand for non-invasive blood glucose meters is expected to drive the market.


Request a Free sample to learn more about this report.


The conventional invasive method for monitoring blood glucose levels is painful owing to its invasive technique. This has led to increasing research and the introduction of new non-invasive blood glucose monitoring devices. For example, DiaMonTech GmbH, in 2018, launched a shoebox-sized device that can diagnose the blood glucose levels by using an infrared light beam through the skin. DiaMonTech GmbH also declared to launch a pocket-sized device for personal use by the end of 2019 and a wearable band with data logging and alarm function to monitor blood glucose level by 2021.


"Increasing Number of New Product Launches is Propelling the Growth of the Continuous Glucose Monitoring Devices Segment"


Self-Glucose monitoring systems accounted for the largest share of the global blood glucose monitors market in 2018. The emergence of the continuous glucose monitoring systems, where a sensor implanted under the skin provides continuous glucose measurements for a regular interval of time, is expected to drive the blood glucose meter market growth.


Continuous glucose monitoring (CGM) has demonstrated clinical benefits to patients with type 2 diabetes, with multiple dosages of insulins per day. The introduction of wearable continuous blood glucose monitors is anticipated to have more demand for the meter, due to the ease to use and continuous blood glucose monitoring. These factors are expected to fuel the market revenue during the forecast period of 2019-2026.


Market Segmentation


Based on the product, the blood glucose meter market segments include continuous glucose monitoring devices and self-monitoring blood glucose systems. On the basis of technique, the market is categorized into invasive and non-invasive. By type, the global market segments include wearable and non-wearable. The wearable type is expected to register a comparatively higher CAGR during the forecast period.


To know how our report can help streamline your business, Speak to Analyst


On the basis of the distribution channel, the market segments include institutional sales and retail sales. The gradual shift in self-glucose monitoring products from retail pharmacies to online pharmacies in developing countries is projected to drive the growth of the online pharmacies segment at a comparatively higher CAGR during 2019-2026. This is likely to fuel the blood glucose meter market demands.


Regional Analysis


"North America Dominated the Blood Glucose Meter Market due to Increasing Diabetic Population and Rise in the Adoption of Non- Invasive Blood Glucose Meters."


North America generated a maximum revenue of US$ 3,012.6 Mn in 2018 followed by Europe and is expected to dominate the global market throughout the forecast period. Increasing demand and adoption of new and innovative wearable & continuous blood glucose meters in the U.S., combined with rising patient pool suffering from diabetes are factors responsible for a higher share of North America in the global market in 2018.


North America Blood Glucose Meter Market, 2018

To get more information on the regional analysis of this market, Request a Free sample


Asia Pacific is projected to register the highest CAGR during 2019-2026, owing to increasing penetration of glucose monitoring, rising patient awareness, and increasing per capita healthcare spending in the region. The market in Middle East & Africa and Latin America accounted for a comparatively smaller share of the market in 2018.


Key Market Drivers


"Dexcom Inc., ROCHE, Abbott and Medtronic Account for Highest Market Share in Terms of Revenue in 2018"


Dexcom Inc., is a leading player in the global continuous blood glucose meters, owing to its strong portfolio in continuous blood glucose meters and strong distribution network globally. In order to strengthen the market position, key market players are focusing on the introduction of wearable and non-invasive blood glucose meters in the global market. Dexcom Inc., along with F. Hoffmann-La Roche Ltd. Abbott and Medtronic dominated the global market in 2018.  Other players operating in the blood glucose meter market are Lifespan Inc., Ascensia Diabetes Care Holdings AG., Terumo Medical Corporation, Sanofi, DiaMonTech GmbH and others.


List of Companies Profiled



Report Coverage 


High investment by market players in the non-invasive and wearable continuous blood glucose monitoring systems, combined with rising patient awareness towards self-monitoring in emerging countries, and development of new software and mobile apps by market players, allowing the exchange of data and logging of data from the continuous blood glucose meters are some of the factors expected to propel the blood glucose meter market sales.


The report provides qualitative and quantitative insights on the blood glucose meters industry trends and detailed analysis of market size and growth rate for all possible segments in the market. The market is segmented by product, technique, type, and distribution channel and geography.


On the basis of the product, the global market is segmented into continuous glucose monitoring devices and self-monitoring blood glucose systems. On the basis of technique, the market is categorized into invasive and non-invasive. By type, the market is segmented into wearable and non-wearable. On the basis of the distribution channel, the blood glucose meter market is segmented into institutional sales and retail sales.


An Infographic Representation of Blood Glucose Meters Market

To get information on various segments, share your queries with us



The institutional sales segment is further segmented into hospitals, clinics, and others. The retail sales segment is further categorized into hospital pharmacies, retail pharmacies, and online pharmacies. Geographically, the market is segmented into five major regions, which are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions are further categorized into countries.


Along with this, the blood glucose meter market report includes industry dynamics and the competitive landscape in the blood glucose meter industry. Various key insights provided in the report are prevalence and incidence of diabetes by key countries, recent industry developments such as mergers & acquisitions, pricing analysis, technological advancements, and key industry trends. 


SEGMENTATION






























  ATTRIBUTE



  DETAILS



By Product




  • Continuous Glucose Monitoring Devices

  • Self-Monitoring Blood Glucose (SMBG) Systems



By Technique




  • Invasive

  • Non-Invasive



By Type




  • Wearable

  • Non-Wearable



By Distribution Channel




  • Institutional Sales

    • Hospitals

    • Clinics

    • Others



  • Retail Sales

  • Hospital Pharmacies

  • Retail Pharmacies

  • Online Pharmacies



By Geography




  • North America (USA and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)



Key Industry Developments



  • In June 2018, BioTel CareTM, introduced next-generation wireless blood glucose meter for diabetes management. It is the first FDA-cleared, cellular-enabled glucometer which supports real-time transmission and consolidation of patient data in an FDA-cleared cloud.

  • In June 2018, OK Biotech Co., Ltd., launched new portable blood glucose meter model. It is a new compact glucose meter, and a non-invasive glucose meter.

  • In August 2017, ARKRAY USA, Inc., announced launch of the GLUCOCARD Shine XL blood glucose monitoring system. GLUCOCARD Shine XL BGMS offers an ergonomically designed meter to provide a secure grip during testing and displays the results on the large LED screen.


Frequently Asked Questions

Fortune Business Insights says that the value of the global blood glucose meter market USD 7,419.0 Million in 2018

The blood glucose meter market is projected to reach USD 15,415.6 Million by 2026

The blood glucose meter market will grow at a rate of 9.6% CAGR.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Jul, 2019
  • 2018
  • 2015-2017
  • 150

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients

uniliver
Lek
Ansell
Amgen
3M

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X