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Self-Monitoring Blood Glucose (SMBG) Devices Global Market Report 2022

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    Report

  • 175 Pages
  • September 2022
  • Region: Global
  • The Business Research Company
  • ID: 5653710
Major players in the self-monitoring blood glucose(SMBG) devices market are Abbott Laboratories, Bionime Corporation, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd, LifeScan Inc, PHC Holdings Corporation, Home Diagnostics Inc, Terumo Pharmaceutical Solutions, ARKRAY Inc, Ypsomed Holding AG, Dexcom Inc, Medtronic Plc, Novo Nordisk, Glysens Incorporated, and Senseonics Holdings.

The global self-monitoring blood glucose (SMBG) devices market is expected to grow from $11.99 billion in 2021 to $13.18 billion in 2022 at a compound annual growth rate (CAGR) of 9.9%. The self-monitoring blood glucose (SMBG) devices market is expected to grow to $18.10 billion in 2026 at a CAGR of 8.3%.

The self-monitoring blood glucose (SMBG) device market consists of the sale of self-monitoring blood glucose (SMBG) devices by entities (organizations, sole traders, and partnerships) that are used to measure the concentration of glucose in the blood. It refers to portable instruments that can identify the possibilities of diabetes. These devices usually measure glucose levels by obtaining a small drop of blood from patients by pricking their fingers. International guidelines recommend this method for managing a patient’s diabetes successfully.

The main types of self-monitoring blood glucose (SMBG) devices are self-monitoring blood glucose meters, continuous glucose monitors, testing strips, and lancets. Self-monitoring blood glucose meters refer to handheld devices used by patients at home to check their blood glucose levels. Glucose meters usually require a drop of blood from the patient which is usually obtained from a pinprick. They are distributed by hospital pharmacies, retail pharmacies, online sales, and diabetes clinics & centers. These are used in various applications such as Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes.

North America was the largest region in the self-monitoring blood glucose (SMBG) devices market in 2021. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in this self-monitoring blood glucose (SMBG) devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Self-monitoring blood glucose (SMBG) devices market research report is one of a series of new reports that provides Self-monitoring blood glucose (SMBG) devices market statistics, including Self-monitoring blood glucose (SMBG) devices industry global market size, regional shares, competitors with an Self-monitoring blood glucose (SMBG) devices market share, detailed Self-monitoring blood glucose (SMBG) devices market segments, market trends and opportunities, and any further data you may need to thrive in the Self-monitoring blood glucose (SMBG) devices industry. This Self-monitoring blood glucose (SMBG) devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The rising prevalence of diabetes is expected to propel the growth of the self-monitoring blood glucose device market going forward. Self-monitoring of blood glucose is a method in which person with diabetes use a glycemic reading gadget to measure their blood sugar (glucose meter) where they can change or monitor the effectiveness of their treatment (diet, exercise, insulin, antidiabetics) or see their physician based on the results of the test. For instance, according to the report published by International Diabetes Federation in 2021, there are 463 million individuals living with diabetes around the world in 2019, and increase to 537 million in 2021. Also, by the year 2030, the overall number of diabetics is expected to reach 643 million, and by 2045, it will reach 783 million. Therefore, the rising prevalence of diabetes is driving the growth of the self-monitoring blood glucose devices market.

Technological advancement is a key trend gaining popularity in the self-monitoring blood glucose devices market. Major companies operating in the self-monitoring blood glucose devices market are focused on developing technologically advanced products to strengthen their position in the market. For instance, in September 2021, Know Labs Inc, a US-based company that manufactures glucose monitoring devices launched a new portable medical-grade glucose monitoring device named KnowU that utilizes Bio-RFID technology. This device is a non-invasive glucose monitoring machine that has a base that powers the device and displays readings and, a battery a powered monitor with Bio-RFID sensors that can be carried by the users to check sugar levels on the go. The KnowU is an affordable and convenient replacement for other expensive and painful blood glucose monitoring devices.

In September 2021, Biocorp, a France-based manufacturer of medical devices including blood glucose monitoring has partnered with Novo Nordisk. This partnership was announced for the development and distribution of a Mallya smart add-on device for the FlexTouch pen that was developed by Novo Nordisk for people with diabetes. Biocorp and Novo Nordisk believe that with this partnership they can provide the best solutions for people with diabetes. Novo Nordisk is a Denmark-based healthcare company.

The countries covered in the self-monitoring blood glucose (SMBG) devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.




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Table of Contents

1. Executive Summary2. Self-Monitoring Blood Glucose (SMBG) Devices Market Characteristics3. Self-Monitoring Blood Glucose (SMBG) Devices Market Trends And Strategies4. Impact Of COVID-19 On Self-Monitoring Blood Glucose (SMBG) Devices
5. Self-Monitoring Blood Glucose (SMBG) Devices Market Size And Growth
5.1. Global Self-Monitoring Blood Glucose (SMBG) Devices Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Self-Monitoring Blood Glucose (SMBG) Devices Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Self-Monitoring Blood Glucose (SMBG) Devices Market Segmentation
6.1. Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Self-Monitoring Blood Glucose Meters
  • Continuous Glucose Monitors
  • Testing Strips
  • Lancets
6.2. Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Sales
  • Diabetes Clinics and Centers
6.3. Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Type 1 Diabetes
  • Type 2 Diabetes
  • Gestational Diabetes
7. Self-Monitoring Blood Glucose (SMBG) Devices Market Regional And Country Analysis
7.1. Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market
8.1. Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Self-Monitoring Blood Glucose (SMBG) Devices Market
9.1. China Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
9.2. China Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Self-Monitoring Blood Glucose (SMBG) Devices Market
10.1. India Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Self-Monitoring Blood Glucose (SMBG) Devices Market
11.1. Japan Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Self-Monitoring Blood Glucose (SMBG) Devices Market
12.1. Australia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Self-Monitoring Blood Glucose (SMBG) Devices Market
13.1. Indonesia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Self-Monitoring Blood Glucose (SMBG) Devices Market
14.1. South Korea Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market
15.1. Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
15.2. Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Self-Monitoring Blood Glucose (SMBG) Devices Market
16.1. UK Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Self-Monitoring Blood Glucose (SMBG) Devices Market
17.1. Germany Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Self-Monitoring Blood Glucose (SMBG) Devices Market
18.1. France Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market
19.1. Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
19.2. Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Self-Monitoring Blood Glucose (SMBG) Devices Market
20.1. Russia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Self-Monitoring Blood Glucose (SMBG) Devices Market
21.1. North America Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
21.2. North America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Self-Monitoring Blood Glucose (SMBG) Devices Market
22.1. USA Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
22.2. USA Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Self-Monitoring Blood Glucose (SMBG) Devices Market
23.1. South America Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
23.2. South America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Self-Monitoring Blood Glucose (SMBG) Devices Market
24.1. Brazil Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market
25.1. Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
25.2. Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Self-Monitoring Blood Glucose (SMBG) Devices Market
26.1. Africa Self-Monitoring Blood Glucose (SMBG) Devices Market Overview
26.2. Africa Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Self-Monitoring Blood Glucose (SMBG) Devices Market Competitive Landscape And Company Profiles
27.1. Self-Monitoring Blood Glucose (SMBG) Devices Market Competitive Landscape
27.2. Self-Monitoring Blood Glucose (SMBG) Devices Market Company Profiles
27.2.1. Abbott Laboratories
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Bionime Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. B. Braun Melsungen AG
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. F. Hoffmann-La Roche Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. LifeScan Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Self-Monitoring Blood Glucose (SMBG) Devices Market29. Self-Monitoring Blood Glucose (SMBG) Devices Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

Self-Monitoring Blood Glucose (SMBG) Devices Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global self-monitoring blood glucose (smbg) devices market.

This report focuses on self-monitoring blood glucose (smbg) devices market which is experiencing strong growth. The report gives a guide to the self-monitoring blood glucose (smbg) devices market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the self-monitoring blood glucose (smbg) devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Self-Monitoring Blood Glucose (SMBG) Devices market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider self-monitoring blood glucose (smbg) devices market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The self-monitoring blood glucose (smbg) devices market section of the report gives context. It compares the self-monitoring blood glucose (smbg) devices market with other segments of the self-monitoring blood glucose (smbg) devices market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, self-monitoring blood glucose (smbg) devices indicators comparison.

Scope

Markets Covered:

1) By Product: Self-Monitoring Blood Glucose Meters; Continuous Glucose Monitors; Testing Strips; Lancets
2) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Sales; Diabetes Clinics & Centers
3) By Application: Type 1 Diabetes; Type 2 Diabetes; Gestational Diabetes

Companies Mentioned: Abbott Laboratories; Bionime Corporation; B. Braun Melsungen AG; F. Hoffmann-La Roche Ltd.; LifeScan Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abbott Laboratories
  • Bionime Corporation
  • B. Braun Melsungen AG
  • F. Hoffmann-La Roche Ltd.
  • LifeScan Inc
  • PHC Holdings Corporation
  • Home Diagnostics Inc.
  • Terumo Pharmaceutical Solutions
  • ARKRAY Inc.
  • Ypsomed Holding AG
  • Dexcom Inc.
  • Medtronic Plc
  • Novo Nordisk
  • Glysens Incorporated
  • Senseonics Holdings

Methodology

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