Blood Glucose Meters Industry Data Book Covers Point-of-care Glucose Testing Devices, Self-Monitoring & Continuous Blood Glucose Monitors Markets.
The global blood glucose meters industry size was estimated at USD 15.80 billion in 2022. The market is expected to expand at a CAGR of 7.3% CAGR (2023-2030).
Grand View Research’s blood glucose meters market industry data book is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Point-of-Care Glucose Testing Market Insights
The global point-of-care glucose testing market size was valued at USD 3.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2030.
The others product segment accounted for the largest share of more than 54% of the global revenue in 2021 and will continue expanding at a steady CAGR during the forecast period. POC monitoring devices allow home-based self-monitoring of blood glucose levels and help patients perform routine activities with ease. These devices are also being used in inpatient settings as they are easy to use while offering quick results.
The Accu-Chek Inform II segment held the second-largest share in 2021. The FreeStyle Lite product segment is expected to witness the fastest growth rate over the forecast period. FreeStyle Lite is offered by Abbott and is available in discreet size with an in-built portlight and backlight, which makes it user-friendly for patients with a busy lifestyle.
Access the Global Blood Glucose Meters Industry Data Book, 2022 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Continuous Glucose Monitoring Devices Market Insights
The global continuous glucose monitoring devices market was estimated to be valued at USD 7,816.8 million in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 4.4% from 2023 to 2030.
The sensors segment accounted for the highest market share of 39.7% in 2022. Technological advancements to improve the accuracy of these sensors are expected to drive segment growth during the forecast period. Sensors are the most sophisticated part of CGM devices and consist of a metallic filament, thinner than a needle, which is inserted into the fatty layer just below the skin.
Based on end-use, the CGM devices market is fragmented into hospitals, homecare settings, diagnostics centers, and clinical laboratories. The homecare settings segment led the global market with a share of 43.8% in 2022 and is anticipated to witness the highest CAGR during the forecast period. These devices offer patients with reduced intake of insulin doses and facilitate continuous monitoring of blood glucose levels.
Based on connectivity, the industry is fragmented into Bluetooth and 4G. The Bluetooth segment accounted for the largest market share of 56.5% in 2022. CGM sensors are equipped with Bluetooth chips within them. As the patient hovers over the recording device over the sensor, detailed information on the blood glucose levels is transferred via Bluetooth into the device. Further, the information is displayed on the reading device.
Blood Glucose Meters Market – Global Industry Segmentation
Blood Glucose Meters By Product
- Blood Glucose Monitoring Devices
- Self-Monitoring Devices
- Blood Glucose meter
- Testing Strips
- Lancets
- Continuous blood glucose monitoring devices
- Sensors
- Transmitter & Receiver
- Lancets
- Self-Monitoring Devices
- Point-of-care glucose testing devices
- Accu Check Aviva Meter
- Onetouch Verio Flex
- i-STAT
- Freestyle Lite
- Bayer CONTOUR Blood Glucose Monitoring System
- True Metrix
- Accu-Chek Inform II
- StatStrip
- Others
Blood Glucose Meters By End-user
- Hospital
- Home setting
- Diagnostic center
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Blood Glucose Meters Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Ukraine
- Belarus
- Turkey
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
- Rest of MEA
Blood Glucose Meters Industry Data Book Competitive Landscape
Technological advancements: especially in case of biosensors, Bluetooth integration, & real-time alerts, and price competitiveness are two of the major strategies mostly focused on by the major market players.
Key players operating in the blood glucose meters industry are –
- Abbott Laboratories
- Medtronic
- F. Hoffmann-La Roche Ltd
- Ascensia Diabetes Care
- Lifescan Inc
- Dexcom, Inc
- Sanofi
- Elly Lilly and Company
- B Braun Melsungen AG
- Nipro
- Nova Biomedical
- Trividia Health, Inc.
- Prodigy Diabetes Care, LLC
- EKF Diagnostics
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