The blood glucose meters market size is expected to see strong growth in the next few years. It will grow to $26.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to continuous glucose monitoring (cgm) integration, smartphone connectivity, artificial intelligence (ai) applications, focus on wearable devices, remote patient monitoring. Major trends in the forecast period include technological advancements in monitoring devices, continuous glucose monitoring (cgm) integration, smartphone connectivity, miniaturization and portability, data analytics and insights, telehealth and remote monitoring.
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Segmentation & Regional Insights
The blood glucose meters market covered in this report is segmented –
1) By Product type: Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter
2) By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes
3) By End User: Hospitals, Home Care
North America was the largest region in the global blood glucose meters market in 2023. Western Europe was the second-largest region in the blood glucose meters market. The regions covered in the blood glucose meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising prevalence of diabetes is driving the blood glucose meters market. The changing lifestyle, increase in alcohol consumption, physical inactivity, and unhealthy eating habits are leading to an increase in obesity across the globe. Such exponential growth in obese people is causing a stern increase in the purchase of blood glucose meters. Due to obesity, fat tissues release more fat molecules into the blood affecting insulin-responsive cells, which results in reduced insulin sensitivity, in turn, causing diabetes. According to the study by the International Diabetes Federation (IDF), there will be a 48% increase in diabetes around the world by 2045. According to the International Diabetes Federation (IDF) in 2021, nearly 537 million people were suffering from diabetes.
Key Industry Players
Major companies operating in the blood glucose meters market report are Johnson & Johnson, Roche Holding AG, Bayer AG, Abbott Laboratories, Medtronic plc, Becton & Dickinson and Co., B Braun Medical lnc., Dexcom Inc., Tandem Diabetes Care, LifeScan lnc., Ascensia Diabetes Care, Lifespan Corporation, Medisana GmbH, I Sens Inc., Infopia Co.Ltd., Rossmax International Ltd., 77 Elektronika Kft, ACON Laboratories lnc., Arkray Inc., Bionime Corporation, Agamatrix Inc., Prodigy Diabetes Care LLC, DiaMon Tech GmbH, Mendor, Hainice Medical lnc., Nipro Corporation, Omron Healthcare lnc., Trivida Functional Medicine, All Medicus Co. Ltd., Sanofi S.A., Nova Biomedical Corporation, The Ypsomed Group
The blood glucose meters market report table of contents includes:
1. Executive Summary
2. Blood Glucose Meters Market Characteristics
3. Blood Glucose Meters Market Trends And Strategies
4. Blood Glucose Meters Market – Macro Economic Scenario
5. Global Blood Glucose Meters Market Size and Growth
……………………………
32. Global Blood Glucose Meters Market Competitive Benchmarking
33. Global Blood Glucose Meters Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Blood Glucose Meters Market
35. Blood Glucose Meters Market Future Outlook and Potential Analysis
36. Appendix
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