Market Overview

Global $18.6 Bn Self-Monitoring Blood Glucose Devices Market by Type, Application, and Geography - Forecast to 2023 - ResearchAndMarkets.com

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The "Self-Monitoring
Blood Glucose Devices Market by Type, by Application, by Geography -
Global Market Size, Share, Development, Growth, and Demand Forecast,
2013 - 2023"
report has been added to ResearchAndMarkets.com's
offering.

Global self-monitoring blood glucose devices market size is forecasted
to reach $18.6 billion by 2023.

This growth in the market is attributed to the increasing prevalence of
diabetes, surge in geriatric population, and technological advancements.
Moreover, increasing awareness about diabetic care, rising obese
population, and favorable in health insurance and reimbursement scenario
are also driving the growth of the market, globally.

On the basis of type, the self-monitoring blood glucose devices market
is categorized into strips, glucose meters, lancets and others. Among
all types, strips held the largest share in the market, accounting for
more than 80% contribution in 2017.

Self-monitoring blood glucose devices are mainly used for monitoring
type 1 and type 2 diabetes. Between the two, the use of self-monitoring
blood glucose devices is expected to exhibit faster growth for
monitoring type 2 diabetes, with a CAGR of 6% during the forecast
period. This is attributed to the rising prevalence of type 2 diabetes
among adults, which is substantiated from the fact that, among all
diabetes cases, 90% to 95% of the cases are found to be suspected with
type 2.

Some of the risk factors of type 2 diabetes include increasing geriatric
population, family history of diabetes, impaired glucose tolerance, and
obesity and physical inactivity. Moreover, ethnicity is also a risk
factor for the occurrence of type 2 diabetes. African Americans,
American Indians, Hispanic/Latino Americans, and some Asian Americans
and Pacific Islanders have high probability of developing type 2
diabetes.

Key Highlights

  • The market is projected to witness the fastest growth in APAC
  • Key players are launching new products to increase their market share

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Global Market Size And Forecast

Chapter 6. North America Market Size And Forecast

Chapter 7. Europe Market Size And Forecast

Chapter 8. Apac Market Size And Forecast

Chapter 9. Latam Market Size And Forecast

Chapter 10. Mea Market Size And Forecast

Chapter 11. Competitive Landscape

Chapter 12. Company Profiles

  • Johnson & Johnson
  • Sinocare Inc.
  • Arkray Inc.
  • Nova Biomedical
  • Bionime Corporation
  • Medtronic Plc
  • B. Braun Melsungen AG
  • Abbott Laboratories
  • Bayer AG

For more information about this report visit https://www.researchandmarkets.com/research/2dqkvm/global_18_6_bn?w=4

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