Global Blood Glucose Monitoring Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Blood Glucose Monitoring Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product (Self-monitoring Devices (Blood glucose meter, Testing Strips, and Lancets), and Continuous blood glucose monitoring devices (Sensors, Transmitter & Receiver, and Insulin Pumps)), End Use (Hospitals, Home care, and Diagnostic centers), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Blood Glucose Monitoring Market was valued at USD 15,382.4 million in 2023 and is expected to reach USD 29,543.4 million by 2031 while growing at a CAGR of 8.5% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global blood glucose monitoring market growth. Blood glucose monitoring plays a crucial role in identifying patterns of blood glucose (sugar) level fluctuations, which can result from various factors such as diet, exercise, medications, and underlying health conditions like diabetes mellitus. Monitoring helps detect both unusually high and low blood glucose levels, which if left unmanaged, can lead to acute and chronic life-threatening conditions.
The growing prevalence of diabetes, coupled with ongoing technological innovations in blood glucose monitoring devices that improve convenience, accuracy, and user experience, is driving market growth. However, technological limitations and challenges related to patient compliance and behaviour hinder the market's expansion.
Furthermore, the global blood glucose monitoring industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Analysis
The Global Blood Glucose Monitoring Market is segmented among Self-Monitoring Glucose, and Continuous Blood Glucose Monitoring, based on Product. In 2023, Self-Monitoring Glucose accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By End User Analysis
The Global Blood Glucose Monitoring Market is segmented among Hospitals, Home care, and Diagnostic center, based on End User. In 2023, Hospitals accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Blood Glucose Monitoring Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Abbott Diabetes Care, Roche Holding AG, LifeScan, Dexcom Inc., Medtronic PLC, Arkray Inc., Ascensia Diabetes Care, Agamatrix Inc., Bionime Corporation, and Acon Laboratories Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Blood Glucose Monitoring Market Dynamics
Drivers
Restraints
Opportunity
4. Global Blood Glucose Monitoring Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Blood Glucose Monitoring Market Segmentation, By Product
Global Blood Glucose Monitoring Market Share Analysis, By Product
Global Blood Glucose Monitoring Market Growth Analysis, By Product
Global Blood Glucose Monitoring Market Trends, By Product
o Self-Monitoring Glucose
Ø Blood glucose meter
Ø Testing Strips
Ø Lancets
o Continuous Blood Glucose Monitoring
Ø Sensors
Ø Transmitter & Receiver
Ø Insulin Pumps
6. Global Blood Glucose Monitoring Market Segmentation, By End User
Global Blood Glucose Monitoring Market Share Analysis, By End User
Global Blood Glucose Monitoring Market Growth Analysis, By End User
Global Blood Glucose Monitoring Market Trends, By End User
o Hospitals
o Home care
o Diagnostic center
7. Global Blood Glucose Monitoring Market Segmentation, By Region
Global Blood Glucose Monitoring Market Share Analysis, By Region
Global Blood Glucose Monitoring Market Growth Analysis, By Region
Global Blood Glucose Monitoring Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Becton, Dickinson & Company*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Roche Holding AG
LifeScan
Dexcom Inc.
Medtronic PLC
Arkray Inc.
Ascensia Diabetes Care
Agamatrix Inc.
Bionime Corporation
Acon Laboratories Inc.
*Similar analysis will be provided for each company listed above.