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Recent research: Global glucometer market expected to grow with a CAGR of 10.3% by 2024

Medical Market Research

Global Glucometer Market By Product (Glucometer Devices (Single Point Blood Glucose Meter, Continuous Glucose Monitoring System (Sensor, Transmitter & Receiver), External Monitor), By Type (Photoelectric and Electrodes), By End-User (Hospitals, Ambulatory Centers, Home care settings, Clinics, Diagnostic Centers), By Geography – Industry Trends and Forecast to 2024 – Industry Trends and Forecast to 2024

Global Glucometer Market accounted to USD 5.2 billion in 2016 growing at a CAGR of 10.3% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Diabetes is the most dominating diseases all over the world. Glucose testing or detecting is becoming one of the most important aspect nowadays.

There are many blood monitoring devices to detect such as blood strips, lancets and glucometers. Glucometers are automatic glucose detector.

Prevalence in diabetic cases and errorless results leads to high demand of glucometers. It is consume less time and easy to handle.

Major Market Drivers and Restraints:

Increasing cases of diabetes in any group age.

Easy to handle.

Less time consuming.

Errorless results

The global glucometer market is segmented on the basis of product, type, application, and geography.

The global glucometer market is segmented by product into single point blood glucose meter, continuous glucose monitoring system (sensor, transmitter & receiver), and external monitor. The continuous glucose monitoring system segment is sub-segmented into sensor, transmitter & receiver.

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By type the market is segmented into photoelectric and electrodes.

By application the market is segmented into hospitals, ambulatory centers, home care settings, clinics and diagnostic centers.

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On the basis of geography, global glucometer market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

In 2017, North America is expected to dominate the market.

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The Global Glucometer Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of global glucometer market for global, Europe, North America, Asia Pacific and South America.

Some of the major players operating in global glucometer market are  Johnson & Johnson Services, Inc., Abbott, Bayer AG, F. Hoffmann-La Roche Ltd., OMRON Corporation, ACON, ARKRAY USA, NOVA, LifeScan, Inc., B. Braun Melsungen AG, i-SENS. Inc., TERUMO CORPORATION, Hainice Medical Inc., Glucostratus Ltd., allmedicus, AgaMatrix, CARE diagnostics, Edan Instruments, Inc., Yu Yue medical and EGENS GROUP among others.

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