Quick Summary:
In an era of rising diabetes prevalence and awareness, staying informed on the current and emerging trends is integral for stakeholders in the blood glucose meters market. Our comprehensive blood glucose meters market research report is an essential instrument providing valuable insights to help you navigate this industry with confidence, and achieve strategic growth.
This report encapsulates the global blood glucose meters industry dynamics and analyzes pivotal market trends to support informed decision-making. It comprises deep dives into product types, including electrode type blood glucose meter and photoelectric blood glucose meter. Understand their numerous applications, align with diverse end-users such as hospitals and home care facilities, and gain insights about their distribution and consumption across key markets including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
It also offers a definitive guide to regulatory frameworks like FDA guidelines, impacting the industry's continuity and progress. The report even delves into key players such as Abbott, Roche, Medtronics, Ascensia, Dexcom, Johnson & Johnson, Arkray, Acon, LifeScan, and Agamatrix Inc. Get up-to-date on recent industry developments, like the notable acquisition by B. Braun Melsungen AG, to stay ahead in your strategic planning.
The global blood glucose meters market will grow from $15.64 billion in 2022 to $16.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The blood glucose meters market is expected to grow to $22.34 billion in 2027 at a CAGR of 7.1%.
The blood glucose meters consist of sales of electrode-type blood glucose meter and photoelectric blood glucose meter. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Blood glucose meters are devices that are used to measure and display the amount of sugar (glucose) in the blood.
North America was the largest region in the blood glucose meters market in 2022. Western Europe was the second-largest region in the blood glucose meters market. The regions covered in the blood glucose meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main product types of blood glucose meters market are electrode type blood glucose meter and photoelectric blood glucose meter. Electrode type blood glucose meters are devices that contain electrodes to measure the current generated by an enzymatic reaction between glucose, an enzyme, and a mediator. The various applications included are type 1 diabetes, type 2 diabetes, and gestational diabetes that are used by various end-users such as hospitals and home care.
The rising prevalence of diabetes is driving the blood glucose meters market. The changing lifestyle, increase in alcohol consumption, physical inactivity, and unhealthy eating habits are leading to an increase in obesity across the globe. Such exponential growth in obese people is causing a stern increase in the purchase of blood glucose meters. Due to obesity, fat tissues release more fat molecules into the blood affecting insulin-responsive cells, which results in reduced insulin sensitivity, in turn, causing diabetes. According to the study by the International Diabetes Federation (IDF), there will be a 48% increase in diabetes around the world by 2045. According to the International Diabetes Federation (IDF) in 2021, nearly 537 million people were suffering from diabetes.
The blood glucose meters market growth is restricted due to a lack of awareness of diabetes. Hypo unawareness is a common term used to describe people who have diabetes, especially type 1 diabetes, it is very difficult to notice when they have low blood glucose, hypoglycemia. Such lack of awareness of diabetes and its effects reduces the regular monitoring or check-ups relating to diabetes. For example, in 2021, 537 million adults had diabetes, but more than 1 in 4 did not know that they had the disease. Also, in 2021, According to the International Diabetes Federation (IDF), over one in two (54%) patients with diabetes do not recognize that they have diabetes.
FDA regulates blood glucose meters. FDA has released its guidance for the accuracy of blood glucose meters. For blood glucose meters used in the home by patients with diabetes, FDA states that 95% of the measured blood glucose levels should be within 15% of the lab tested value and 99% of the measured values should be within 20% of the lab tested value. For the point of care blood glucose monitoring devices, 95% of the monitored values must be within the range of 12% for blood sugars more than 75mg/dl and must be within 12mg/dl for blood sugars less than 75mg/dl. Also, 98% of the meter values must be within 15% of the range for blood sugars more than 75mg/dl and must be within 15mg/dl for blood sugars less than 75mg/dl.
In September 2021, B. Braun Melsungen AG, a German medical and pharmaceutical device company acquired Sterinova Inc for an undisclosed amount. This acquisition of Sterinova will continue to operate as a distinct subsidiary of B. Braun Melsungen AG. Sterinova Inc is a Canada-based company that develops, manufactures, and distributes ready-to-use sterile injectable products in syringes and premix bags.
The countries in the blood glucose meters market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The blood glucose meters market research report is one of a series of new reports that provides blood glucose meters market statistics, including blood glucose meters industry global market size, regional shares, competitors with a blood glucose meters market share, detailed blood glucose meters market segments, market trends and opportunities, and any further data you may need to thrive in the blood glucose meters industry. This blood glucose meters 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.
Major players in the blood glucose meters market are Abbott, Roche, Medtronics, Ascensia, Dexcom, Johnson & Johnson, Arkray, Acon, LifeScan, and Agamatrix Inc.
This product will be delivered within 1-3 business days.
The blood glucose meters consist of sales of electrode-type blood glucose meter and photoelectric blood glucose meter. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Blood glucose meters are devices that are used to measure and display the amount of sugar (glucose) in the blood.
North America was the largest region in the blood glucose meters market in 2022. Western Europe was the second-largest region in the blood glucose meters market. The regions covered in the blood glucose meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main product types of blood glucose meters market are electrode type blood glucose meter and photoelectric blood glucose meter. Electrode type blood glucose meters are devices that contain electrodes to measure the current generated by an enzymatic reaction between glucose, an enzyme, and a mediator. The various applications included are type 1 diabetes, type 2 diabetes, and gestational diabetes that are used by various end-users such as hospitals and home care.
The rising prevalence of diabetes is driving the blood glucose meters market. The changing lifestyle, increase in alcohol consumption, physical inactivity, and unhealthy eating habits are leading to an increase in obesity across the globe. Such exponential growth in obese people is causing a stern increase in the purchase of blood glucose meters. Due to obesity, fat tissues release more fat molecules into the blood affecting insulin-responsive cells, which results in reduced insulin sensitivity, in turn, causing diabetes. According to the study by the International Diabetes Federation (IDF), there will be a 48% increase in diabetes around the world by 2045. According to the International Diabetes Federation (IDF) in 2021, nearly 537 million people were suffering from diabetes.
The blood glucose meters market growth is restricted due to a lack of awareness of diabetes. Hypo unawareness is a common term used to describe people who have diabetes, especially type 1 diabetes, it is very difficult to notice when they have low blood glucose, hypoglycemia. Such lack of awareness of diabetes and its effects reduces the regular monitoring or check-ups relating to diabetes. For example, in 2021, 537 million adults had diabetes, but more than 1 in 4 did not know that they had the disease. Also, in 2021, According to the International Diabetes Federation (IDF), over one in two (54%) patients with diabetes do not recognize that they have diabetes.
FDA regulates blood glucose meters. FDA has released its guidance for the accuracy of blood glucose meters. For blood glucose meters used in the home by patients with diabetes, FDA states that 95% of the measured blood glucose levels should be within 15% of the lab tested value and 99% of the measured values should be within 20% of the lab tested value. For the point of care blood glucose monitoring devices, 95% of the monitored values must be within the range of 12% for blood sugars more than 75mg/dl and must be within 12mg/dl for blood sugars less than 75mg/dl. Also, 98% of the meter values must be within 15% of the range for blood sugars more than 75mg/dl and must be within 15mg/dl for blood sugars less than 75mg/dl.
In September 2021, B. Braun Melsungen AG, a German medical and pharmaceutical device company acquired Sterinova Inc for an undisclosed amount. This acquisition of Sterinova will continue to operate as a distinct subsidiary of B. Braun Melsungen AG. Sterinova Inc is a Canada-based company that develops, manufactures, and distributes ready-to-use sterile injectable products in syringes and premix bags.
The countries in the blood glucose meters market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The blood glucose meters market research report is one of a series of new reports that provides blood glucose meters market statistics, including blood glucose meters industry global market size, regional shares, competitors with a blood glucose meters market share, detailed blood glucose meters market segments, market trends and opportunities, and any further data you may need to thrive in the blood glucose meters industry. This blood glucose meters 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.
Major players in the blood glucose meters market are Abbott, Roche, Medtronics, Ascensia, Dexcom, Johnson & Johnson, Arkray, Acon, LifeScan, and Agamatrix Inc.
This product will be delivered within 1-3 business days.
Frequently Asked Questions about the Global Blood Glucose Meters Market
What is the estimated value of the Global Blood Glucose Meters Market?
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Who are the key companies in the Global Blood Glucose Meters Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | February 2023 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value ( USD | $ 16.96 billion |
| Forecasted Market Value ( USD | $ 22.34 billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
Table of Contents
1. Executive Summary2. Blood Glucose Meters Market Characteristics
3. Blood Glucose Meters Market Trends And Strategies
4. Blood Glucose Meters Market - Macro Economic Scenario
4.1 COVID-19 Impact On Blood Glucose Meters Market
4.2 Ukraine-Russia War Impact On Blood Glucose Meters Market
4.3 Impact Of High Inflation On Blood Glucose Meters Market
5. Blood Glucose Meters Market Size And Growth
5.1. Global Blood Glucose Meters Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Blood Glucose Meters Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Blood Glucose Meters Market Segmentation
6.1. Global Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Electrode Type Blood Glucose Meter
- Photoelectric Blood Glucose Meter
- Hospitals
- Home Care
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
7.1. Global Blood Glucose Meters Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Blood Glucose Meters Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Blood Glucose Meters Market
8.1. Asia-Pacific Blood Glucose Meters 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
8.3. Asia-Pacific Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Blood Glucose Meters Market
9.1. China Blood Glucose Meters Market Overview
9.2. China Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Blood Glucose Meters Market
10.1. India Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Blood Glucose Meters Market
11.1. Japan Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Blood Glucose Meters Market
12.1. Australia Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Blood Glucose Meters Market
13.1. Indonesia Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Blood Glucose Meters Market
14.1. South Korea Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Blood Glucose Meters Market
15.1. Western Europe Blood Glucose Meters Market Overview
15.2. Western Europe Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Blood Glucose Meters Market
16.1. UK Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Blood Glucose Meters Market
17.1. Germany Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Blood Glucose Meters Market
18.1. France Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Blood Glucose Meters Market
19.1. Eastern Europe Blood Glucose Meters Market Overview
19.2. Eastern Europe Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Blood Glucose Meters Market
20.1. Russia Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Blood Glucose Meters Market
21.1. North America Blood Glucose Meters Market Overview
21.2. North America Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Blood Glucose Meters Market
22.1. USA Blood Glucose Meters Market Overview
22.2. USA Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Blood Glucose Meters Market
23.1. South America Blood Glucose Meters Market Overview
23.2. South America Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Blood Glucose Meters Market
24.1. Brazil Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Blood Glucose Meters Market
25.1. Middle East Blood Glucose Meters Market Overview
25.2. Middle East Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Blood Glucose Meters Market
26.1. Africa Blood Glucose Meters Market Overview
26.2. Africa Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Blood Glucose Meters Market Competitive Landscape And Company Profiles
27.1. Blood Glucose Meters Market Competitive Landscape
27.2. Blood Glucose Meters Market Company Profiles
27.2.1. Abbott
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. Roche
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. Medtronics
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. Ascensia
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. Dexcom
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 Blood Glucose Meters Market
29. Blood Glucose Meters Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Blood Glucose Meters Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on blood glucose meters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- 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 shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
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.
Scope
Markets Covered
1) By Product type: Electrode Type Blood Glucose Meter; Photoelectric Blood Glucose Meter2) By End User: Hospitals; Home Care
3) By Application: Type 1 Diabetes; Type 2 Diabetes; Gestational Diabetes
Companies Mentioned: Abbott; Roche; Medtronics; Ascensia; Dexcom
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.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
A selection of companies mentioned in this report includes:
- Abbott
- Roche
- Medtronics
- Ascensia
- Dexcom
- Johnson & Johnson
- Arkray
- Acon
- LifeScan
- Agamatrix Inc.
- Trivida
- Medisana
- Bayer AG
- B Braun Medical
- 77 Elektronika Kft
- Bionime Corp
- Rossmax
- Omron Healthcare
- Grace Medical
- I Sens
- Infopia
- Hainice Medical
- Mendor
- All Medicus
- Delta
- Terumo Corp
- Becton & Dickinson and Co.
- Tandem Diabetes Care
Methodology
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