The key players in the global blood glucose monitoring system market are Roche (Switzerland), Abbott (US), Life Scan (US), Ascensia (Switzerland), Medtronic (Ireland), Dexcom (US), Ypsomed (Switzerland), B. Braun (Germany), Nipro (Japan), Sanofi (France), ARKRAY (Japan), Prodigy Diabetes Care (US), ACON Laboratories (US), and Nova Biomedical (US).
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The global blood glucose monitoring system market is projected to reach USD 10.58 billion by 2022 from an estimated USD 8.35 billion in 2017, at a CAGR of 4.8% during the forecast period. The key factors driving the growth of this market include rising prevalence of diabetic population, and increasing product launches.
However, the high cost and poor reimbursements is expected to restrain the growth of this market during the forecast period.
Blood Glucose Monitoring System Market: Competitive Landscape
2 Market Share Analysis
3 Self-Monitoring/Traditional Blood Glucose Systems Market
4 Continuous Glucose Monitoring Systems Market
5 Competitive Scenario
6 Product Launches and Approvals
7 Agreements, Collaborations, Contracts, and Partnerships
The report analyzes the blood glucose monitoring system market and aims at estimating the market size and future growth potential of this market based on various segments such as product, testing site, patient care setting, application, and region. The report also includes competitive analysis of the key players in this market along with their company profiles, product and service offerings, recent developments, and key market strategies.
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The blood glucose monitoring system market is segmented on the basis of product, testing site, patient care setting, application, and region. Based on product, the market is segmented into self-monitoring blood glucose systems and continuous glucose monitoring systems.
The continuous glucose monitoring system segment is expected to grow at the highest CAGR during the forecast period.
- Blood glucose monitoring systems and related devices manufacturers
- Suppliers and distributors of blood glucose monitoring systems
- Hospitals, diagnostic centers, homecare service providers, and medical colleges
- Teaching hospitals and academic medical centers
- Government bodies/municipal corporations
- Business research and consulting service providers
- Venture capitalists
The high cost and poor reimbursements of blood glucose monitoring systems and supplies is expected to restrain the growth of this market during the forecast period. For instance, in emerging countries such as China and India, patients bear the expenses of the blood glucose monitors and testing strips.
Additionally in developed countries such as Canada and some European nations there is a limitation on the quantity of testing strips supplied per patient per year based on the treatment plan of the patient
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