Blood Glucose Monitoring Device Market Size, Navigating Growth Opportunities and Forecasted Outlook from 2024-2031

[BhartiN]

The Blood Glucose Monitoring Device Market, valued at USD 13.42 billion in 2023, is projected to grow to USD 25.28 billion by 2031, registering a compound annual growth rate (CAGR) of 8.24% during the forecast period from 2024 to 2031.

In a recently updated detailed market research, the performance of the Blood Glucose Monitoring Device market is studied. It offers a comprehensive analysis of the global market and competitive landscape. The historical data in the research sheds light on the market's evolution on a global and national basis. The article compares this data to the current market position, expanding on the trends that have resulted in market shifts. Product specs, production procedures, and cost structures are all included in this study. Geographies, technology, and applications are the three categories in which market dynamics are split to understand it in full depth.

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Key Players:

Medtronic plc
Sanofi
Ascensia Diabetes Care
Dexcom, Inc.
Abbott Laboratories
Insulet Corporation
Ypsomed Holdings
Novo Nordisk
Glysens Incorporated
Thermo Fisher Scientific (Patheon)
Hoffmann-La Roche Ltd
The analysis includes upstream raw materials, equipment, a downstream client survey, marketing channels, industry development trends, and proposals. The report then examined market conditions in the world's major regions, including product price, profit, capacity, production, supply, demand, and Blood Glucose Monitoring Device market growth rate and forecast, among other factors. A new project SWOT analysis, an investment feasibility study, and an investment return analysis rounded out the investigation.

Market Segmentation

By Product

Self-monitoring Devices

Blood Glucose Meter
Testing Strips
Lancets
Continuous Blood Glucose Monitoring Devices

Sensors
Transmitter & Receiver
Insulin Pumps
Blood sugar meters, test strips, and lancets rule the market, holding a 66% share in 2023 due to their affordability and ease of use. Continuous monitoring devices, crucial for managing type 1 diabetes, are expected to see faster growth. These use sensors under the skin for real-time blood sugar readings every five minutes.

By End-use

Hospitals
Home Care
Diagnostic Centers
COVID-19 Impact Analysis

This research report investigates the impact of COVID-19 on the Blood Glucose Monitoring Device market at the global and country levels. COVID-19's impact analysis will help market actors create pandemic mitigation strategies. This research considers the target market's demand and supply side effects.

Regional Analysis

The research report focuses on several Blood Glucose Monitoring Device market scenarios in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The research study also includes a complete statistical analysis and in-depth evaluation of the market from a worldwide viewpoint, including profit, cost, demand, and supply.

Competitive Scenario

The study evaluates the market's competitive framework in terms of the global Blood Glucose Monitoring Device industry. The top companies are profiled, along with their overall market share and market share relative to the market. The scope of market development and various company strategies are also discussed in this report. Finally, the market report summarises the study findings and conclusions, helping you to develop successful market strategies and get a competitive advantage. The study also looks at the market's regulatory landscape from both a global and local perspective. Market projections, together with the research's data details, provide a distinct view on the market.

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