The global demand for Glucose Meter Market is presumed to reach the valuation of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period of 2020 - 2027.
A glucose meter, also called Glucometer, is a medical device used for determining the approximate glucose concentration in the blood. These are portable electronic devices that are easy to handle and use. A glucose meter consists of small needles or lancets to prick a finger for blood, testing strips, and a device to hold the needle. Glucometer works by analyzing a small amount of blood, generally from a fingertip. It is suitable for people suffering from type 1 or type 2diabetes. A glucose meter is considered as a need to prevent abnormal blood glucose levels.
The growing prevalence of diabetes cases across the globe is the primary factor driving the glucose meter market. There is an increasing demand for glucose meter due to the changing lifestyle, increase in alcohol consumption, physical inactivity, and unhealthy eating habits, leading to an increase in obesity globally, which is a significant reason for diabetes. Also, the awareness about diabetes preventive care and supportive government initiatives are positively impacting the growth of the glucose meter market. Moreover, a rise in the adoption of noninvasive glucose and rising research activities and new product launches is likely to provide high growth opportunities for key players of the glucose meter market in the coming years.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of glucose meter.
The report segments the glucose meter market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
- Blood Glucose Meters
- Glucose Meter Strips
By Distribution Channel
- Professional Blood Glucose Meters
- Personal Blood Glucose Meters
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
This section covers regional segmentation which accentuates on current and future demand for glucose meter market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Glucose Meter Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the glucose meter market include Hoffmann-La Roche Ltd., Braun Melsungen AG, Medtronic, Lifespan Inc., Ascensia Diabetes Care Holdings AG., Terumo Medical Corporation, Abbott, Sanofi, DiaMonTech GmbH .S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.