According to the report, one driver in the market is availability of CGMS and SMBG systems for POC blood glucose monitoring. With the increasing cases of diabetes globally, the need for glycemic control and modern diabetes treatment increases.
Technavio recognizes the following companies as the key players in the global POC blood glucose monitoring devices market: Alere, F. Hoffmann-La Roche, and LifeScan.Other Prominent Vendors in the market are: AgaMatrix, A.
Menarini Diagnostics, Animas, Ascensia Diabetes Care, Bayer Healthcare, BD, BIOPTIK, DarioHealth, DexCom, EKF Diagnostics, GlySens, HemoCue, Integrity Applications, International Biomedical, Medisana, MediWise, Nemaura, Nipro, Nova Biomedical, Omnis Health, Owen Mumford, Philips Healthcare, Randox Laboratories, Senseonics, and TaiDoc Technology.Commenting on the report, an analyst from Technavios team said: One trend in the market is growing adoption of minimally invasive and technologically superior products. The increasing use of minimally invasive products for POC blood glucose monitoring will lead to high adoption rate among people globally.
Therefore, the paradigm shift toward minimally invasive products such as wearables and screening products will increase the sales of POC blood glucose monitoring devices.
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Glucose monitoring is essential to keep sugar levels in check. Monitoring provides the necessary data required for diabetes management decisions related to food intake, insulin dosage, and exercise regimen.
POC blood glucose monitoring devices are effective self-management tools for diabetes management.Further, the report states that one challenge in the market is high cost of diabetes management. The POC blood glucose monitoring devices are cost-efficient products.
However, the healthcare expenditure for diabetes management increases the cost for the patient which leads to out-of-pocket expenditure. For screening the level of glucose, a patient has to buy a blood glucose monitoring device and an invasive device such as a lancet separately, which increases the expenditure of the individual.
Consumable test strips that are used on a daily basis are expensive.The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About POC Blood Glucose Monitoring DevicesPOC blood glucose monitoring devices are portable, near-patient devices that allow the immediate detection of glucose levels in a patient and facilitate rapid treatment solutions if the need arises. These devices consist of minimum operator interaction and are non-invasive in nature with efficient data management and connectivity tools.
The global POC blood glucose monitoring devices market is in its growing stage. A paradigm shift toward minimally invasive procedures for the screening of blood glucose level is increasing the demand for POC blood glucose monitoring devices in the market.Technavios analysts forecast the global POC blood glucose monitoring devices market to grow at a CAGR of 8.16% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global POC blood glucose monitoring devices market for 2017-2021. To calculate the market size, the report considers sales, volume, value of POC blood glucose monitoring devices.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global POC Blood Glucose Monitoring Devices Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
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F. Hoffmann-La Roche
LifeScanOther prominent vendors
Ascensia Diabetes Care
TaiDoc TechnologyMarket driver
Availability of CGMS and SMBG systems for POC blood glucose monitoring
For a full, detailed list, view our report Market challenge
High cost of diabetes management
For a full, detailed list, view our report Market trend
Growing adoption of minimally invasive and technologically superior products
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.
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