Press release
Blood Glucose Monitoring System Market Forecast 2024-2030: Advancements in Diabetes Care
Blood Glucose Monitoring System Market
Continuous Glucose Monitoring (CGM) Systems Leading the Charge
At the heart of this evolution is the advent of Continuous Glucose Monitoring (CGM) systems, revolutionizing the landscape by eliminating the need for constant finger pricks. These systems, embedding sensors under the skin, provide real-time glucose readings, empowering users with constant insights into their blood sugar levels. The CGM systems not only identify patterns but also offer timely alerts for significant fluctuations, ensuring enhanced control and management of diabetes.
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Blood Glucose Monitoring System Market Report Scope and Research Methodology
The report presents a quantitative analysis of the Blood Glucose Monitoring System Market during the forecast period, showcasing its potential for global market growth. Porter's five forces study is utilized in the report to provide insights into the market power of both buyers and suppliers. The report ensures authenticity by combining primary and secondary data. Secondary data was gathered from various reliable sources, including company annual reports, press releases, and government websites. A SWOT analysis was conducted to evaluate the strengths and weaknesses of the Blood Glucose Monitoring System Market. Moreover, to assess the impact of micro-economic and macro-economic factors on the Blood Glucose Monitoring System Market, PORTER and PESTLE analyses were conducted. The comprehensive approach of these analyses adds credibility and depth to the report's findings.
Blood Glucose Monitoring System Market Regional Insights:
Asia Pacific held the largest market share in 2022 and is expected to grow region during the forecast period. North America and Europe are expected as a fast-growing regions in the Blood Glucose Monitoring System market.
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Blood Glucose Monitoring System Market Segmentation:
by Product
Self-Monitoring Blood Glucose Systems
Blood Glucose meters
Testing strips
Lancets & Lancing Devices
Continuous Glucose Monitoring Systems
Sensors
Transmitters
Receivers
by Testing Site
Fingertip testing
Alternate Site Testing
by Patient Care Setting
Self/Home Care
Hospital & Clinics
by Application Type
2 Diabetes
Type 1 Diabetes
Gestational Diabetes
In 2023, the blood glucose monitoring system market was dominated by continuous glucose monitoring systems based on product. Continuous glucose monitoring (CGM) devices offer real-time and continuous glucose monitoring without requiring finger pricks. Users may see their glucose trends in full thanks to this continuous data stream, which also offers insightful information about patterns and swings. Convenience is achieved with CGM systems since they do not require the repeated finger pricks that standard self-monitoring blood glucose (SMBG) systems demand.
Blood Glucose Monitoring System Market Key Players are:
Global
1. Roche Diagnostics ( Basel, Switzerland)
2. Abbott Laboratories (Abbott Park, Illinois, USA)
3. Medtronic (Dublin, Ireland)
4. Dexcom (San Diego, California, USA)
5. Ascensia Diabetes Care (Basel, Switzerland)
North America
1. LifeScan (Wayne, Pennsylvania, USA)
2. Becton, Dickinson and Company (BD) (Franklin Lakes, New Jersey, USA)
3. AgaMatrix ( Salem, New Hampshire, USA)
Europe
1. Ypsomed ( Burgdorf, Switzerland)
Asia Pacific
1. Sinocare Inc. ( Changsha, China)
2. Arkray Inc. ( Kyoto, Japan)
3. Terumo Corporation ( Tokyo, Japan)
4. Bioptik Technology Inc. ( Taichung City, Taiwan)
5. Omron Healthcare ( Kyoto, Japan)
6. Arkray Inc. ( Kyoto, Japan )
7. Terumo Corporation ( Tokyo, Japan )
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Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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