The Blood Glucose Monitoring Devices Market is being driven by Rising global burden of diabetes
The Blood Glucose Monitoring Devices Market is expected to grow at a CAGR of 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10,140 million. The global blood glucose monitoring market has experienced significant growth with the integration of advanced technologies, such as smartwatch applications. These wearable devices have gained immense popularity due to their multifunctional capabilities, including tracking health metrics like heart rate, sleep patterns, and physical activity. Leading smartwatch manufacturers have introduced glucose monitoring apps, which utilize Continuous Glucose Monitoring (CGM) sensors to measure interstitial fluid glucose levels in real time. The data obtained is transmitted to the smartwatch, enabling users to monitor their blood glucose levels and analyze trends over an extended period. This innovative technology offers convenience, accuracy, and enhanced control for individuals managing diabetes, thereby revolutionizing the blood glucose monitoring landscape.
Get more information on Blood Glucose Monitoring Devices Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
217 |
|
Base year |
2024 |
|
Historic period |
2019-2023 |
|
Forecast period |
2025-2029 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 10% |
|
Market growth 2025-2029 |
USD 10140 million |
|
Market structure |
fragmentation |
|
YoY growth 2024-2025(%) |
8.9 |
|
Key countries |
US, UK, Germany, Canada, Japan, China, France, Mexico, India, and Italy |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The Blood Glucose Monitoring Devices Market encompasses innovative technologies and solutions for effective diabetes management. Key components include sensor calibration, data interpretation, and personalized care. Lifestyle modifications through diet and exercise, diabetes support groups, research, and innovation are integral. AI, machine learning, data analytics, cloud computing, IoT, mobile health, and remote patient monitoring enhance digital health, patient engagement, and diabetes awareness. Diabetes education, prevention, screening, and early detection programs promote quality of life and complications prevention.
The Blood Glucose Monitoring Devices Market is a significant segment of the global healthcare equipment industry, according to Technavio's market research. This market encompasses Continuous Glucose Monitoring (CGM) systems, Flash Glucose Monitoring (FGM) systems, Blood Glucose Meters (BGM), Insulin Pumps, and other diabetes care devices. These technologies are essential tools for diabetes management, contributing to the global healthcare equipment market's growth. Technavio sizes the healthcare equipment market based on the combined revenue of manufacturers across various diagnostic categories, including capital equipment, instruments, implants, accessories, and consumables. The Blood Glucose Monitoring Devices Market falls under the Consumables segment of this industry. These devices play a crucial role in the diagnosis, monitoring, and treatment of diabetes, making them indispensable in the healthcare sector.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
