Global Blood Glucose Measurement Market Size, Share, Trends, Growth factors, Top Key Players, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
Global Blood Glucose Measurement Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
Blood glucose checking gadgets showcase is driven by the high occurrence of diabetes around the world. As per the World Health Organization (WHO), commonness of the diabetes among grown-ups around 18 years, ascended from 4.7% to 8.5% from2012 to 2014 and diabetes is the seventh driving reason for the passing. Notwithstanding this components, ascend in headways in innovation like development in the ceaseless glucose observing gadgets are boosting the development of blood glucose checking gadgets showcase. Also, ascend sought after of versatile self-glucose measuring gadgets, ascend in speculations and exercises in R&D and assets from the legislature in avoiding and treating diabetes are boosting the development of the blood glucose estimation gadgets. Visit item reviews of glucose testing strips inferable from the manufactural imperfections and providing of test strips which are, less separation items among the self-blood glucose screens are a portion of the components which are hampering the development of the blood glucose estimation gadgets. Because of constrained offices of repayment and accessibility of option medicines which incorporates cell based examines, recognizable proof of biomarkers and simulated pancreas and high expenses of the gadgets are the couple of dangers for the development of market.
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Global blood glucose measurement device market is segmented based upon product and end-user
By product, blood glucose measurement devices are segmented into
• Self-Glucose Measurement Devices
o Blood Glucose Meter
o Blood Glucose Testing Strips
o Lancets
o Others
• Continuous Glucose Measurement Devices
By end-user, glucose measurement devices market is segmented into
• Hospitals
• Diagnostic Centres
• Home Settings
• Others
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Market players are investing heavily to innovate products in order to succour their position in the market, acquisitions and collaborations are the key strategies are used by the market players in order to increase the market share of the companies. For example, in 2017, Abbott Laboratories entered an agreement with Bigfoot Biomedical to commercialize and develop the diabetes management systems and also a Switzerland based company Ascensia Diabetes Care entered partnership with Medtronic to develop and market the diabetes management solutions.
Geographically blood glucose measurement market is divided into five key regions Asia- Pacific, North America, Middle East & Africa, Europe and Latin America. North America expected to be the leader in blood glucose measurement market and expected to have a significant growth rate during the forecast period. Europe region is also expected to show a notable rate of growth due to the changes in lifestyle and rise in adaption of home care diagnosis. Asia-Pacific region due to growing awareness about diabetes consequences like cardiac related issues are contributing the regions to show a significant growth. Initiatives taken by the government and non-government organizations in order to spread the awareness about the early diagnosis of diabetes, changes in lifestyle, large pool of patients are expected to drive the blood glucose measurement market growth.
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Some of the players in the blood glucose measurement market are Nipro Diagnostics, Inc. (U.S.), Abbott Laboratories (U.S.), ARKRAY (Japan), Medtronic (U.S.), Bayer AG (Germany), Dexcom, Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Johnson and Johnson Services Inc. (U.S.) and Terumo Medical Corporation (U.S.) to name a few.
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