Medical Devices

Global Glucometer Market at a CAGR of 11.67% Growth, Trends and Absolute Opportunity up to 2026

Glucometer Market

Global Glucometer Market is expected to rise from its initial estimated value of USD 11.65 billion in 2018 to a projected value of USD 28.19 billion by 2026, registering a CAGR of 11.67% in the forecast period of 2019-2026. This rise in market value can be attributed to growing concern regarding health of the individuals.

Glucometer also known as blood glucose monitoring system/devices are diagnostic devices that are used for early and timely detection of the levels of glucose in the blood of a patient. These devices consist of a lancet, strips and meters for monitoring of the glucose levels, where the strips are dipped with blood and inserted into the monitoring meter which displays the blood glucose levels.

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Competitive Analysis:

Global glucometer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of glucometer market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently present in the global glucometer market Ascensia Diabetes Care Holdings AG; Abbott; Dexcom, Inc.; Health Arx Technologies Pvt. Ltd.; F. Hoffmann-La Roche Ltd; LifeScan, Inc.; Bayer AG; Truworth Health Technologies Pvt. Ltd.; Dr.Morepen; Medtronic; Johnson & Johnson Services, Inc.; ARKRAY, Inc.; Bionime Corporation; Rossmax International Ltd.; AgaMatrix; ACON Laboratories, Inc.; Trividia Health, Inc. and Medisana GmbH are few of the major competitors currently working in the glucometer market.

Segmentation: Global Glucometer Market

  • By Device Type (Self-Monitoring Blood Glucose, Continuous Glucose Monitoring), End-User (Hospitals, Clinics)
  • By Components (Meters, Test Strips, Lancets, Sensors, Receivers)
  • By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

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Market Drivers

  • Rise in the levels of diabetic population worldwide globally is one of the major factors driving the market growth
  • Benefits associated with the usage of the product such as quicker and accurate test results; this factor is expected to drive the market growth

Market Restraint

  • High cost of the devices is expected to hinder the market growth

Reasons to Purchase this Report

  • Current and future of global glucometer market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

  • All segmentation provided above in this report is represented at country level
  • All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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