Blood Glucose Meters Industry To Be Driven By Growing Geriatric Population And Rising Incidence Of DiabetesPosted by Jyoti on September 8th, 2023 Blood Glucose Meters Industry Data Book Covers Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market.
Point-of-care Glucose Testing Devices Market Insights
The healthcare industry is emphasizing on shorter hospital stays, better acute care, and expansion of outlying surgical centers, which has consequently increased the demand for STAT testing. POC management solutions allow patients and healthcare providers to easily collect, share, and manage specimens to meet the regulatory requirements.
The global blood glucose monitoring devices market generated over USD 12.53 billion revenue in 2022 and is projected to expand at a CAGR of around 8.1% during the forecast period to reach USD 23.15 billion by 2030. The key drivers of the market are the rising incidence of diabetes and the increasing geriatric population prone to diabetes. The market growth is further propelled by the increasing awareness regarding diabetes preventive care and new product launches. Diabetes is a serious and growing problem globally, where the inefficiency of the pancreas to produce insulin results in an increase in blood glucose levels. According to the International Diabetes Federation, in 2021, around 537 Million people were diagnosed with diabetes, this number is expected to increase to 643 Million by 2030 and 783 Million by 2045. North America led the market with a revenue share of over 38.0% in 2022 owing to its well-established healthcare sector. The increasing prevalence of obesity, high cost of treatment, technological advancements, and new product launches are also expected to drive the regional market. Europe is expected to capture a significant revenue share over the forecast period due to an increase in the geriatric population, which is prone to diabetes. Moreover, improvements in the healthcare sector and the implementation of advanced medical products are augmenting the demand for BGMs in the region.
Order your copy of the Free Sample of “Blood Glucose Meters Industry Data Book - Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research Blood Glucose Meters Market – Global Industry Segmentation Blood Glucose Meters By Product • Blood Glucose Monitoring Devices Blood Glucose Meters By End-user
Blood Glucose Meters By Region
Go through the table of content of Blood Glucose Meters Industry Data Book to get a better understanding of the Coverage & Scope of the study. Blood Glucose Meters Industry Data Book Competitive Landscape Technological advancements: especially in case of biosensors, Bluetooth integration, & real-time alerts, and price competitiveness are two of the major strategies mostly focused on by the major market players. Each new product is designed to be easier to use by its antecedents and laced with connectivity. Increasing awareness of advanced diabetes management tools is among the top priority of market players. Key players operating in the Blood Glucose Meters industry are – • Abbott Laboratories Like it? Share it!More by this author |