Blood Glucose Monitoring System Trends and Forecast
The future of the global blood glucose monitoring system market looks promising with opportunities in the fingertip and alternate site markets. The global blood glucose monitoring system market is expected to reach an estimated $34.5 billion by 2030 with a CAGR of 7.5% from 2024 to 2030. The major drivers for this market are growing prevalence of diabetes, aging population's increased susceptibility to the disease, as well as, raising awareness of new product releases and diabetes prevention.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Blood Glucose Monitoring System by Segment
The study includes a forecast for the global blood glucose monitoring system by testing site, product, patient care setting, application, and region.Blood Glucose Monitoring System Market by Testing Site [Shipment Analysis by Value from 2018 to 2030]:
- Fingertip
- Alternate Site
Blood Glucose Monitoring System Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Self-Monitoring
- Continuous Glucose Monitoring Devices
Blood Glucose Monitoring System Market by Patient Care Setting [Shipment Analysis by Value from 2018 to 2030]:
- Hospital
- Homecare
Blood Glucose Monitoring System Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Type 1
- Type 2
- Gestational Diabetes
- Others
Blood Glucose Monitoring System Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Blood Glucose Monitoring System Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies blood glucose monitoring system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the blood glucose monitoring system companies profiled in this report include-- Thermo Fisher Scientific
- Promega
- Agilent Technologies
- Bio-Rad Laboratories
- QIAGEN
- Merck
- B.D.
- Sanofi
- Ascensia Diabetes Care Holdings
- Abbott
Blood Glucose Monitoring System Market Insights
The publisher forecasts that homecare will remain the largest segment over the forecast period due to rising number of diabetic patients and increasing awareness about regular monitoring of glucose levels.North America will remain the largest region over the forecast period due to rising rates of obesity, expensive medical care, new product introductions, and technology improvements in the region.
Features of the Global Blood Glucose Monitoring System Market
- Market Size Estimates: Blood glucose monitoring system market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Blood glucose monitoring system market size by various segments, such as by testing site, product, patient care setting, application, and region in terms of value ($B).
- Regional Analysis: Blood glucose monitoring system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different testing site, product, patient care setting, application, and regions for the blood glucose monitoring system market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the blood glucose monitoring system market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the blood glucose monitoring system market size?Answer: The global blood glucose monitoring system market is expected to reach an estimated $34.5 billion by 2030.
Q2. What is the growth forecast for blood glucose monitoring system market?
Answer: The global blood glucose monitoring system market is expected to grow with a CAGR of 7.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the blood glucose monitoring system market?
Answer: The major drivers for this market are growing prevalence of diabetes, aging population's increased susceptibility to the disease, as well as, raising awareness of new product releases and diabetes prevention.
Q4. What are the major segments for blood glucose monitoring system market?
Answer: The future of the global blood glucose monitoring system market looks promising with opportunities in the fingertip and alternate site markets.
Q5. Who are the key blood glucose monitoring system market companies?
Answer: Some of the key blood glucose monitoring system companies are as follows:
- Thermo Fisher Scientific
- Promega
- Agilent Technologies
- Bio-Rad Laboratories
- QIAGEN
- Merck
- B.D.
- Sanofi
- Ascensia Diabetes Care Holdings
- Abbott
Answer: The publisher forecasts that homecare will remain the largest segment over the forecast period due to rising number of diabetic patients and increasing awareness about regular monitoring of glucose levels.
Q7. In blood glucose monitoring system market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising rates of obesity, expensive medical care, new product introductions, and technology improvements in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the blood glucose monitoring system market by testing site (fingertip and alternate site), product (self-monitoring and continuous glucose monitoring devices), patient care setting (hospital and homecare), application (type 1, type 2, gestational diabetes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Blood Glucose Monitoring System Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Thermo Fisher Scientific
- Promega
- Agilent Technologies
- Bio-Rad Laboratories
- QIAGEN
- Merck
- B.D.
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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