US Blood Glucose Monitoring System Market Overviews
The US Blood Glucose Monitoring System Market size was valued at USD 14.2 Bn. in 2023 and the total US Blood Glucose Monitoring System revenue is expected to grow at a CAGR of 13.2% from 2024 to 2030, reaching nearly USD 33.82 Bn. in 2030.
Blood glucose drives the body and derives from breaking down food. Insulin release is encouraged by rising levels and facilitating cellular energy use. Monitoring blood glucose is crucial for managing diabetes, especially for type-1 diabetics and those using insulin. Meters and continuous glucose monitoring systems help timely interventions. Hyperglycemia symptoms arise from high levels, while hypoglycemia requires swift attention, especially for diabetics.
In the US, around 1.6 million people have Type 1 diabetes, while about 30.3 million adults have Type 2 diabetes.
Type 1 diabetes patients perform 4-10 daily fingerstick tests, whereas Continuous Glucose Monitoring (CGM) users obtain 288 readings per day.
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US Blood Glucose Monitoring System Market Scope and Methodology:
Growing diabetes prevalence boosts the need for blood sugar monitoring, increasing the Blood Glucose Monitoring System market for glucose devices. This surge spurs innovation, with increasing R&D investment for precise, user-friendly, and cost-effective tools. Increased competition ensues as more companies join, potentially lowering prices and enhancing features. Job opportunities flourish in industrial, distribution, and healthcare sectors linked to these devices.
US Blood Glucose Monitoring System Market Regional Insights
Continuous glucose monitoring systems are gaining prominence in the US blood glucose monitoring market and promising improved diabetes management. Challenges like cost, user experience, data management, and integration with healthcare systems are addressed for broader adoption and optimal impact on patients and the healthcare system.
US Blood Glucose Monitoring SystemMarket Segmentation
Based on Product, the Continuous glucose monitoring system segment held the largest market share of about 93% in the US Blood Glucose Monitoring System Market in 2023. According to the STELLAR analysis, the segment is further expected to grow at a CAGR of 13.4% during the forecast period. It stands out as the dominant segment within the US Blood Glucose Monitoring System Market thanks to its rapid technological advancement and growing adoption of smart devices with data connectivity and integration.
US Blood Glucose Monitoring System Market Key Players
Abbott Laboratories
Roche Diagnostics
Johnson & Johnson (LifeScan)
Medtronic
Dexcom
Becton, Dickinson and Company (BD)
Ascensia Diabetes Care
AgaMatrix
Nipro Diagnostics
Sinocare Inc.
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Key questions answered in the US Blood Glucose Monitoring System Market are:
- What is US Blood Glucose Monitoring System ?
- What was the US Blood Glucose Monitoring System market size in 2023?
- What is the growth rate of the US Blood Glucose Monitoring System Market?
- Which are the factors expected to drive the US Blood Glucose Monitoring System market growth?
- What are the different segments of the US Blood Glucose Monitoring System Market?
- What growth strategies are the players considering to increase their presence in US Blood Glucose Monitoring System ?
- What are the upcoming industry applications and trends for the US Blood Glucose Monitoring System Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the US Blood Glucose Monitoring System Market?
- Who are the leading companies and what are their portfolios in US Blood Glucose Monitoring System Market?
- What segments are covered in the US Blood Glucose Monitoring System Market?
- Who are the key players in the US Blood Glucose Monitoring System market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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