Glucose Monitoring Devices Market- Global Leading Players, Industry Updates, Future Growth, Business Prospects, Forthcoming Developments and Future Investments by Forecast to 2030

The Glucose Monitoring Devices Market is expected to grow from US$ 16,803.63 million in 2022 to US$ 39,530.75 million by 2030; it is expected to grow at a CAGR of 11.3% from 2022 to 2028. Rising incidence of diabetes, growing geriatric population, and the increasing prevalence of obesity are a few factors driving the glucose monitoring devices market growth.

Monitoring blood sugar is a vital part of diabetes management. A glucometer or blood sugar meter is commonly used for blood glucose monitoring. It involves taking a small drop of blood, usually by pricking the fingertip and placing it on the test strip in a glucometer. Blood sugar levels are measured in milligrams per deciliter (mg/dl), with standard guidelines for safe blood sugar ranging from 70 to 180 mg/dl.

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Analysis of the Top Market Players:

1. B. Braun SE
2. F. Hoffmann-La Roche Ltd
3. LifeScan Inc
4. Medtronic Plc
5. Abbott Laboratories
6. Ypsomed Holding AG
7. Ascensia Diabetes Care Holding AG
8. Nipro Corp
9. GE HealthCare Technologies Inc
10. Terumo Corp
11. Senseonics Holdings Inc

In this report, the market has been segmented on the basis of:

Type (Continuous Glucose Monitoring Devices and Self-Glucose Monitoring Devices)
Application (Type 1 Diabetes and Type 2 Diabetes)
Testing Type (Fingertip Testing and Alternate Site Testing)
End User (Healthcare Settings and Self/Homecare)
Geography (North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa)

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Increasing Prevalence of Obesity

Obesity, sedentary lifestyle, and improper diet are major factors increasing diabetes worldwide. Physical activity is important to maintain the blood glucose level. Lack of exercise and an unhealthy diet, such as a diet high in fat and calories, increase the risk of developing obesity and diabetes.

Obesity is one of the major problems and the biggest concern across global communities. Obesity is a major issue affecting people of all ages and incomes globally. According to the World Health Organization (WHO), in 2020, more than 1.9 billion adults aged 18 years and older were overweight. Of these, over 650 million adults were obese. According to a report published by Forbes in June 2023, more than 1 billion people worldwide have obesity-650 million adults, 340 million adolescents, and 39 million children. According to the 2022 State of Obesity report, Black adults have the highest rate of obesity in the US-49.9%-compared to 45.6% of Hispanic adults, 41.4% of white adults, and 16.1% of Asian adults. Obesity is linked to 30-53% of new diabetes cases in the US every year, as per the research presented in the Journal of the American Heart Association. The effects of obesity increase healthcare costs related to inpatient treatment, outpatient treatment, and prescription drugs. Medical costs related to obesity in the US reach ~US$ 260.6 billion annually.

Lack of exercise, unhealthy diet, and rapid growth in the obese population are expected to increase the susceptibility to diabetes among the population globally. Hence, this is expected to increase the demand for glucose monitoring devices in the coming years.

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