The blood glucose monitoring devices market share is expected to grow by USD 5.84 billion, accelerating at a CAGR of 8.16% during the forecast period. Technological advances in BGM devices will offer immense growth opportunities to market vendors. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Blood Glucose Monitoring Devices Market Analysis 2021-2025: View the Free Sample Analysis Report
Smart watch-based apps are likely to emerge as the major blood glucose monitoring devices market trends that positively impact market growth. Technavio's blood glucose monitoring devices market report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Abbott Laboratories, Agamatrix Inc., ARKRAY Inc., Ascensia Diabetes Care Holdings AG, Dexcom Inc., F. Hoffmann La Roche Ltd., Johnson and Johnson Inc., Medtronic Plc, Terumo Europe NV, and Trivida Health Inc. are some of the major blood glucose monitoring devices market vendors.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional levels along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations. Download the Free PDF Sample Report