The Global Blood Glucose Monitoring Devices Market is anticipated to rise from USD 15.086 billion in 2025 to USD 22.177 billion in 2030, fueled by an 8.01% CAGR.
Blood glucose monitoring devices are the devices used to keep track of blood sugar levels in order to better understand diabetes. The increasing need amongst people suffering from diabetes for continuous testing of the blood sugar levels to better analyze how different foods, medications, and activities affect one’s body in terms of diabetes is expected to fuel the market for the devices during the forecast period. The device further helps to track the changes and helps the doctor plan the treatments accordingly for the future.
Given the rapid pace of developments taking place in the healthcare sector across the world, the technological innovations made in these devices help the patient to track the levels even when mobile with the help of portable glucose meters known as glucometers. These devices help the patient as well as their doctors to make conscious plans about the medication dosage, exercise, and diet to be followed. The market witnessed a significant growth rate after the introduction of continuous glucose monitors (CGM) which help track the blood sugar level at very short intervals. This device collects the readings every 5 to 15 minutes giving the patients as well as their healthcare team a better perspective about the medical condition and further help them to make more data-driven decisions.
A key factor expected to be driving the market for blood glucose monitoring devices is the significant shift in the lifestyle pattern which is further fueled by increasing unhealthy habits like smoking and consumption of alcohol and unhealthy food products due to which there has been a substantial rise in the cases of diabetes globally. According to a report by International Diabetes Federation (IDF), about 463 Million in the age group of 20-79 years were living with diabetes in the year 2019 which is expected to rise to 700 million, according to the estimates provided in the report. The rise is majorly witnessed in type 2 diabetes cases globally. The rise in the cases of diabetes is expected to further fuel the growth of the market for Blood glucose monitoring devices in the coming years.
The demand for blood glucose is expected to witness a rapid increase as people and recovered patients become more conscious about their health and are willing to monitor it as much as possible. Furthermore, the demand for the devices increases in hospitals and other healthcare institutions in order to better monitor the health of the recovering patients. The market for the devices is expected to witness a steady growth rate in the coming years owing to the increasing awareness about health.
The segmentation of the global Blood glucose monitoring devices market has been done into type, end-user, distribution channel, and geography. By type, the classification of the market has been done into Continuous Monitoring Devices, and Self-Monitoring Devices. By end-users, the classification of the market has been done into hospitals, ambulatory surgical centers, and others. By distribution channel, the classification of the market has been done offline and online. Furthermore, on the basis of geography, the global market has been distributed as North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Prominent/major key market players in the global blood glucose monitoring devices market include Medtronic plc, Abbott Laboratories, BD, and, F. Hoffmann-La Roche Ltd among others. The players in the global blood glucose monitoring devices market are implementing various growth strategies to gain a competitive advantage over their competitors in this market.
Major market players in the market have been covered along with their relative competitive strategies and the report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered along with the recent deals and investments of these important players in the global blood glucose monitoring devices market.
The Blood Glucose Monitoring Devices Market is analyzed into the following segments:
By End-User
Hospitals
Home Care Settings
Clinics/Diagnostic Centers
Ambulatory Surgical Centers
Long-Term Care Facilities
Others
By Distribution Channel
Online
Offline
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others