The report, titled “Global Smart Glucose Meter Market” examines the global market for smart glucose meters based on the product type, application, measurement technology, end use, and region. A thorough report offers an in-depth historical and forecast market size, along with trend analysis. RationalStat offers market share analysis as well as the production capabilities of the most prominent companies, Covid-19’s impact analysis, a summary of the market, competition strategies, and growth opportunities for the players analyzed for the global smart glucose meters market analysis.
Market Dynamics: The expansion of Smart Glucose Meters market in developing economies is heavily backed by support from the government and is expected to boost market expansion.
The global market for smart glucose meters is projected to expand at a growth rate of nearly 10% over the forecast period of 2022-2028. The incidence of diabetes has increased significantly in recent years, which has prompted the need for glucose meters. As per the World Health Organization (WHO), diabetes was the 9th leading cause of mortality, with about 1.5 million mortalities directly caused by it.
Segmental Analysis: The growing adoption of advanced technological devices and the upsurge in the number of diabetic patients are expected to lead the growth of the global smart glucose meter market in the upcoming years
Competition Analysis:
Due to the presence of many well-established companies in the global smart glucose meter market, there is intense competition in the global smart glucose meter market. The global smart glucose meter market is expected to witness a pool of opportunities due to the emergence of obesity as a result of lifestyle changes, unhealthy eating habits, increasing alcohol consumption, reduced physical activity, etc. are in turn increasing obesity cases which are expected to fuel the demand for smart glucose meters in the global smart glucose meter market.
Acquisitions, product launches, and partnerships are the identified industry trend in the global smart glucose meter market. Significant consolidation is expected in the global smart glucose meter market during the forecasting period 2022-2028.
Some of the prominent players include Novo Nordisk, Medtronic plc, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Bayer AG, LifeScan IP Holdings LLC, Dexcom Inc., Sanofi SA, Elly Lilly and Company, and B Braun Melsungen AG among others. These companies use several tactics to reinforce their market share and acquire a competitive advantage over their competitors.
RationalStat has segmented the global smart glucose meter market on the basis of product type, application, distribution channel, end-use, and region.
For more information about this report https://store.rationalstat.com/store/global-smart-glucose-meter-market-investment-growth-opportunity-analysis/
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RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support the middle east and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, procurement intelligence, data analytics, and analytical dashboards.
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