Self-Monitoring Blood Glucose (SMBG) device market is providing big business opportunities for device manufacturers in Europe. It is projected that Europe Blood Glucose Device market will climb to nearly US$ 8 Billion by the end of 2024. Driving factors which help to reach this market are increasing diabetic population in the European countries, Governments and NGOs efforts to increase awareness, increasing per capita healthcare expenditure and availability of reimbursements in most of the European countries.
Diabetes is a condition in which blood sugar level is abnormal; either it is high or low of given standard. It is two types - Type 1 and Type 2. In Type 1 diabetes, the body does not make insulin whereas, in Type 2, the body makes irregular insulin sometimes high and sometimes low which is not good for human body. In the European region, diabetic mellitus population is steadily rising in United Kingdom, Spain, Netherlands and Norway countries.
The Europe Blood Glucose Device Market, Forecast SMBG Components (Test Strips, Lancet, Meter), Diabetes Population (Type 1 & 2) studies the European Countries Blood Glucose Device Segments Market: Blood Glucose Test Strips Market, Blood Glucose Lancet Market and Blood Glucose Meter Market. Annual forecast is provided for the period of 2018 through 2024. A Seven-year historic analysis is also provided for these markets.
By Diabetes - Population Segmentation:
All the European countries (United Kingdom, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland and Russia) in the report have been covered with the details of Total Diabetic Population, Type 1 Diabetic Population and Type 2 Diabetic Population. A Seven-year historic analysis and the annual forecast is also included in this study.
By SMBG - Segmentation:
This report provides the details of European country-specific SMBG users and market, test strips market, lancet market and glucose meter market.
By Test Strips - Country Segmentation:
The report has also been further segmented on the test strips basis that includes blood glucose test strips historical and forecasted market size in the United Kingdom, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland and Russia. The United Kingdom and Russia represent a significant market.
By Lancet - Country Segmentation:
Lancet is playing the significant role in the Europe SMBG market. Under this segment blood, glucose lancet market is defined for the following countries: United Kingdom, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland and Russia.
By Blood Glucose Meter - Country Segmentation:
This report studies the Blood glucose meter market size in various European countries such as United Kingdom, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland and Russia. It is 2nd most important segment in the Europe SMBG market.
SMBG Segments covers in this study:
All the 4 countries in the report have been studied from 7 viewpoints:
- Europe Countries Diabetes Population
- Europe Countries Type 1 and Type 2 Diabetes
- Europe Countries Self-Monitoring Blood Glucose (SMBG) Devices Users
- Europe Countries Self-Monitoring Blood Glucose Devices (SMBG) Market
- Europe Countries Blood Glucose Test Strips Market
- Europe Countries Blood Glucose Lancet Market
- Europe Countries Blood Glucose Meter Market
Countries covered in this study:
- United Kingdom
- Germany
- Spain
- Italy
- Netherlands
- Norway
- Sweden
- Switzerland
- Russia
This Report is useful for those who want to know:
- European region as well as country-specific SMBG device market, SMBG device segments (Blood Glucose Meter, Test Strips and Lancet) market
- Countries Diabetes Scenario (Total Number of Diabetic Mellitus Population, Type 1 & Type 2 Diabetic Population)
- Countries Reimbursement Policy on Diabetic Care and SMBG Devices
Table of Contents
1. Executive Summary
Samples
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Countries Covered
- Germany
- Italy
- Netherlands
- Norway
- Russia
- Spain
- Sweden
- Switzerland
- United Kingdom
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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