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Self-Monitoring Blood Glucose (SMBG) Devices Global Market Opportunities and Strategies to 2033

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    Report

  • 269 Pages
  • April 2024
  • Region: Global
  • The Business Research Company
  • ID: 5749401
This report describes and explains the self-monitoring blood glucose (SMBG) devices market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global self-monitoring blood glucose (SMBG) devices market reached a value of nearly $14.47 billion in 2023, having grown at a compound annual growth rate (CAGR) of 8.83% since 2018. The market is expected to grow from $14.47 billion in 2023 to $21.84 billion in 2028 at a rate of 8.58%. The market is then expected to grow at a CAGR of 8.10% from 2028 and reach $32.24 billion in 2033.

Growth in the historic period resulted from the increasing prevalence of obesity, emerging markets growth, increasing government initiatives and increased healthcare expenditure. Factors that negatively affected growth in the historic period were low healthcare access and regulatory challenges.

Going forward, the increased incidence of diabetes, an aging population, rapid urbanization and increasing use of blood glucose monitoring devices in fitness, dieting and wellness will drive the market. Factors that could hinder the growth of the self-monitoring blood glucose (SMBG) devices market in the future include high cost of self-monitoring blood glucose devices.

The self-monitoring blood glucose (SMBG) devices market is segmented by product into self-monitoring blood glucose meters, testing strips and lancets. The testing strips market was the largest segment of the self-monitoring blood glucose (SMBG) devices market segmented by product, accounting for 82.2% or $11.9 billion of the total in 2023. Going forward, the testing strips segment is expected to be the fastest growing segment in the self-monitoring blood glucose (SMBG) devices market segmented by product, at a CAGR of 8.80% during 2023-2028.

The self-monitoring blood glucose (SMBG) devices market is segmented by distribution channel into hospital pharmacies, retail pharmacies, online sales and diabetes clinics and centers. The hospital pharmacies market was the largest segment of the self-monitoring blood glucose (SMBG) devices market segmented by distribution channel, accounting for 34% or $4.91 billion of the total in 2023. Going forward, the online sales segment is expected to be the fastest growing segment in the self-monitoring blood glucose (SMBG) devices market segmented by distribution channel, at a CAGR of 9.16% during 2023-2028.

The self-monitoring blood glucose (SMBG) devices market is segmented by application into type 1 diabetes, type 2 diabetes and other applications. The type 2 diabetes market was the largest segment of the self-monitoring blood glucose (SMBG) devices market segmented by application, accounting for 92.9% or $ 13.44 billion of the total in 2023. Going forward, the type 2 diabetes segment is expected to be the fastest growing segment in the self-monitoring blood glucose (SMBG) devices market segmented by application, at a CAGR of 8.65% during 2023-2028.

North America was the largest region in the self-monitoring blood glucose (SMBG) devices market, accounting for 41.5% or $6.0 billion of the total in 2023. It was followed by Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the self-monitoring blood glucose(SMBG) devices market will be Asia-Pacific and South America, where growth will be at CAGRs of 9.43% and 9.12% respectively. These will be followed by North America and Western Europe, where the markets are expected to grow at CAGRs of 8.62% and 8.01% respectively.

The global self-monitoring blood glucose (SMBG) devices market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up 76.2% of the total market in 2022. Abbott Laboratories was the largest competitor with a 32.5% share of the market, followed by Dexcom, Inc. with 19.9%, F. Hoffmann-La Roche Ltd with 10.6%, Medtronic Plc with 5.1%, LifeScan IP Holdings, LLC with 2.9%, PHC Holdings Corporation with 2.4%, Nova Biomedical Inc with 0.8%, Terumo Corporation with 0.7%, ARKRAY, Inc with 0.6% and Bionime Corporation with 0.6%.

The top opportunities in the self-monitoring blood glucose (SMBG) devices market segmented by product will arise in the testing strips segment, which will gain $6.24 billion of global annual sales by 2028. The top opportunities in the self-monitoring blood glucose (SMBG) devices market segmented by distribution channel will arise in the hospital pharmacies segment, which will gain $2.33 billion of global annual sales by 2028. The top opportunities in the self-monitoring blood glucose (SMBG) devices market segmented by application will arise in the type 2 diabetes segment, which will gain $6.91 billion of global annual sales by 2028. The self-monitoring blood glucose (SMBG) devices market size will gain the most in the USA at $2.99 billion.

Market-trend-based strategies for the self-monitoring blood glucose (SMBG) devices market include new product launches with focus on automatic SMBG systems, increased investments in developing low cost and efficient devices, increased collaborations and partnerships among market players and technological advancements for effective and convenient blood glucose monitoring.

Player-adopted strategies in the self-monitoring blood glucose (SMBG) devices market include focus on launching new products with advanced features, launching products to different geographic areas, enhancing operational capabilities through new product launches, bringing advancement in products to strengthen product portfolio and minimizing the burdens associated with diabetes management through the launch of innovative solutions.

To take advantage of the opportunities, the analyst recommends the self-monitoring blood glucose (SMBG) devices companies to focus on technological advancements, focus on strategic investments in developing low cost and efficient devices, focus on smart technology integration for market expansion, focus on high-growth segments: testing strips and self-monitoring blood glucose meters, expand in emerging markets, focus on strategic partnerships for portfolio expansion, focus on retail pharmacies and online sales, provide competitively priced offerings, focus on strategic pricing, participate in trade shows and events, continue to use B2B promotions, focus on integrated promotion for market visibility and focus on patients with type 2 diabetes.

Table of Contents

1 Executive Summary
1.1 Self-Monitoring Blood Glucose (SMBG) Devices- Market Attractiveness and Macro economic Landscape
2 Table of Contents3 List of Tables4 List of Figures5 Report Structure
6 Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Self-Monitoring Blood Glucose (SMBG) Devices Market Definition and Segmentations
6.4 Market Segmentation by Product
6.4.1 Self-Monitoring Blood Glucose Meters
6.4.2 Testing Strips
6.4.3 Lancets
6.5 Market Segmentation by Distribution Channel
6.5.1 Hospital Pharmacies
6.5.2 Retail Pharmacies
6.5.3 Online Sales
6.5.4 Diabetes Clinics and Centers
6.6 Market Segmentation by Application
6.6.1 Type 1 Diabetes
6.6.2 Type 2 Diabetes
6.6.3 Other Applications
7 Self-Monitoring Blood Glucose (SMBG) Devices Market - Macro Economic Scenario
7.1 COVID-19 Impact on the Self-Monitoring Blood Glucose (SMBG) Devices Market
7.2 Impact of the War in Ukraine on the Self-Monitoring Blood Glucose (SMBG) Devices Market
7.3 Impact of High Inflation on the Self-Monitoring Blood Glucose (SMBG) Devices Market
8 Major Market Trends
8.1 New Product Launches With Focus on Automatic SMBG Systems
8.2 Increased Investments in Developing Low Cost and Efficient Devices
8.3 Increased Collaborations and Partnerships Among Market Players
8.4 Technological Advancements for Effective and Convenient Blood Glucose Monitoring
9 Global Market Size and Growth
9.1 Market Size
9.2 Historic Market Growth, 2018 - 2023, Value ($ Million)
9.2.1 Market Drivers 2018 - 2023
9.2.2 Market Restraints 2018 - 2023
9.3 Forecast Market Growth, 2023 - 2028, 2033F Value ($ Million)
9.3.1 Market Drivers 2023 - 2028
9.3.2 Market Restraints 2023 - 2028
10 Global Self-Monitoring Blood Glucose (SMBG) Devices Market Segmentation
10.1 Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.2 Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
10.3 Global Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
11 Self-Monitoring Blood Glucose (SMBG) Devices Market, Regional and Country Analysis
11.1 Global Self-Monitoring Blood Glucose (SMBG) Devices Market, by Region, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
11.2 Global Self-Monitoring Blood Glucose (SMBG) Devices Market, by Country, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12 Asia-Pacific Market
12.1 Summary
12.1.1 Market Overview
12.1.2 Region Information
12.1.3 Market Information
12.1.4 Background Information
12.1.5 Government Initiatives
12.1.6 Regulations
12.1.7 Regulatory Bodies
12.1.8 Major Associations
12.1.9 Taxes Levied
12.1.10 Corporate Tax Structure
12.1.11 Investments
12.1.12 Major Companies
12.2 Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.3 Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.4 Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.5 Asia-Pacific Self-Monitoring Blood Glucose (SMBG) Devices Market: Country Analysis
12.6 China Market
12.7 Summary
12.7.1 Market Overview
12.7.2 Country Information
12.7.3 Market Information
12.7.4 Background Information
12.7.5 Government Initiatives
12.7.6 Regulations
12.7.7 Regulatory Bodies
12.7.8 Major Associations
12.7.9 Taxes Levied
12.7.10 Corporate Tax Structure
12.7.11 Investments
12.7.12 Major Companies
12.8 China Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.9 China Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.10 China Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.11 India Market
12.12 India Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.13 India Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.14 India Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.15 Japan Market
12.16 Japan Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.17 Japan Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.18 Japan Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.19 Australia Market
12.20 Australia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.21 Australia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.22 Australia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.23 Indonesia Market
12.24 Indonesia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.25 Indonesia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.26 Indonesia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.27 South Korea Market
12.28 South Korea Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.29 South Korea Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
12.30 South Korea Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13 Western Europe Market
13.1 Summary
13.1.1 Market Overview
13.1.2 Region Information
13.1.3 Market Information
13.1.4 Background Information
13.1.5 Government Initiatives
13.1.6 Regulations
13.1.7 Regulatory Bodies
13.1.8 Major Associations
13.1.9 Taxes Levied
13.1.10 Corporate Tax Structure
13.1.11 Investments
13.1.12 Major Companies
13.2 Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.3 Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.4 Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.5 Western Europe Self-Monitoring Blood Glucose (SMBG) Devices Market: Country Analysis
13.6 UK Market
13.7 UK Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.8 UK Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.9 UK Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.10 Germany Market
13.11 Germany Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.12 Germany Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.13 Germany Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.14 France Market
13.15 France Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.16 France Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
13.17 France Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14 Eastern Europe Market
14.1 Summary
14.1.1 Market Overview
14.1.2 Region Information
14.1.3 Market Information
14.1.4 Background Information
14.1.5 Government Initiatives
14.1.6 Regulations
14.1.7 Regulatory Bodies
14.1.8 Major Associations
14.1.9 Taxes Levied
14.1.10 Corporate Tax Structure
14.1.11 Investments
14.1.12 Major Companies
14.2 Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.3 Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.4 Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.5 Eastern Europe Self-Monitoring Blood Glucose (SMBG) Devices Market: Country Analysis
14.6 Russia Market
14.7 Russia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.8 Russia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
14.9 Russia Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15 North America Market
15.1 Summary
15.1.1 Market Overview
15.1.2 Region Information
15.1.3 Market Information
15.1.4 Background Information
15.1.5 Government Initiatives
15.1.6 Regulations
15.1.7 Regulatory Bodies
15.1.8 Major Associations
15.1.9 Taxes Levied
15.1.10 Corporate Tax Structure
15.1.11 Investments
15.1.12 Major Companies
15.2 North America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.3 North America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.4 North America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.5 North America Self-Monitoring Blood Glucose (SMBG) Devices Market: Country Analysis
15.6 USA Market
15.7 Summary
15.7.1 Market Overview
15.7.2 Country Information
15.7.3 Market Information
15.7.4 Background Information
15.7.5 Government Initiatives
15.7.6 Regulations
15.7.7 Regulatory Bodies
15.7.8 Major Associations
15.7.9 Taxes Levied
15.7.10 Corporate Tax Structure
15.7.11 Investments
15.7.12 Major Companies
15.8 USA Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.9 USA Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
15.10 USA Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16 South America Market
16.1 Summary
16.1.1 Market Overview
16.1.2 Region Information
16.1.3 Market Information
16.1.4 Background Information
16.1.5 Government Initiatives
16.1.6 Regulations
16.1.7 Regulatory Bodies
16.1.8 Major Associations
16.1.9 Taxes Levied
16.1.10 Corporate Tax Structure
16.1.11 Major Companies
16.2 South America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.3 South America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.4 South America Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.5 South America Self-Monitoring Blood Glucose (SMBG) Devices Market: Country Analysis
16.6 Brazil Market
16.7 Brazil Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.8 Brazil Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
16.9 Brazil Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17 Middle East Market
17.1 Summary
17.1.1 Market Overview
17.1.2 Region Information
17.1.3 Market Information
17.1.4 Background Information
17.1.5 Government Initiatives
17.1.6 Regulations
17.1.7 Regulatory Bodies
17.1.8 Major Associations
17.1.9 Taxes Levied
17.1.10 Corporate Tax Structure
17.1.11 Major Companies
17.2 Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17.3 Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
17.4 Middle East Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18 Africa Market
18.1 Summary
18.1.1 Market Overview
18.1.2 Region Information
18.1.3 Market Information
18.1.4 Background Information
18.1.5 Government Initiatives
18.1.6 Regulations
18.1.7 Regulatory Bodies
18.1.8 Major Associations
18.1.9 Taxes Levied
18.1.10 Corporate Tax Structure
18.1.11 Investments
18.1.12 Major Companies
18.2 Africa Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Product, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18.3 Africa Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Distribution Channel, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
18.4 Africa Self-Monitoring Blood Glucose (SMBG) Devices Market, Segmentation by Application, Historic and Forecast, 2018 - 2023, 2028F, 2033F, Value ($ Million)
19 Competitive Landscape and Company Profiles
19.1 Company Profiles
19.2 Abbott Laboratories
19.2.1 Company Overview
19.2.2 Products and Services
19.2.3 Business Strategy
19.2.4 Financial Overview
19.3 Dexcom, Inc.
19.3.1 Company Overview
19.3.2 Products and Services
19.3.3 Business Strategy
19.3.4 Financial Overview
19.4 F. Hoffman-La Roche Ltd.
19.4.1 Company Overview
19.4.2 Products and Services
19.4.3 Business Strategy
19.4.4 Financial Overview
19.5 Medtronic Inc.
19.5.1 Company Overview
19.5.2 Products and Services
19.5.3 Business Strategy
19.5.4 Financial Overview
19.6 LifeScan IP Holdings, LLC
19.6.1 Company Overview
19.6.2 Products and Services
19.6.3 Business Strategy
19.6.4 Financial Overview
20 Key Mergers and Acquisitions
20.1 Tandem Diabetes Acquired Capillary Biomedical
20.2 Abbott Collaborated With Camdiab and Ypsomed
20.3 Glooko Acquired xbird
20.4 One Drop Acquired Sano Intelligence
21 Opportunities and Strategies
21.1 Global Self-Monitoring Blood Glucose (SMBG) Devices Market in 2028 - Countries Offering Most New Opportunities
21.2 Global Self-Monitoring Blood Glucose (SMBG) Devices Market in 2028 - Segments Offering Most New Opportunities
21.3 Global Self-Monitoring Blood Glucose (SMBG) Devices Market in 2028 - Growth Strategies
21.3.1 Market Trend Based Strategies
21.3.2 Competitor Strategies
22 Self-Monitoring Blood Glucose (SMBG) Devices Market, Conclusions and Recommendations
22.1 Conclusions
22.2 Recommendations
22.2.1 Product
22.2.2 Place
22.2.3 Price
22.2.4 Promotion
22.2.5 People
23 Appendix
23.1 Geographies Covered
23.2 Market Data Sources
23.3 Research Methodology
23.4 Currencies
23.5 About the Analyst
23.6 Copyright and Disclaimer

Executive Summary

Self-Monitoring Blood Glucose (SMBG) Devices Global Market Opportunities And Strategies To 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global self-monitoring blood glucose (SMBG) devices market as it emerges from the COVID-19 shut down.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
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  • 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 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 history and forecasts 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 report covers the following chapters

  • Introduction And Market Characteristics Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by distribution channel and by application market.
  • Key Trends Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
  • Macro-Economic Scenario The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the self-monitoring blood glucose (SMBG) devices market.
  • Global Market Size And Growth Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Regional And Country Analysis Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country
  • Market Segmentation Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by distribution channel and by application in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
  • . Regional Market Size And Growth Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region
  • Competitive Landscape Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
  • Key Mergers And Acquisitions Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
  • Market Opportunities And Strategies: Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
Conclusions And Recommendations: This section includes recommendations for self-monitoring blood glucose (SMBG) devices providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
  • Appendix This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Scope:

Markets Covered:

1) By Product: Self-Monitoring Blood Glucose Meters; Testing Strips; Lancets
2) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Sales; Diabetes Clinics And Centers.
3) By Application: Type 1 Diabetes, Type 2 Diabetes; Other Applications

Key Companies Mentioned: Abbott Laboratories; Dexcom, Inc.; F. Hoffmann-La Roche Ltd; Medtronic Plc and LifeScan IP Holdings, LLC

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

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; self-monitoring blood glucose (SMBG) devices indicators comparison.

Data Segmentation: 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

  • Abbott Laboratories
  • Dexcom, Inc.
  • F. Hoffmann-La Roche Ltd
  • Medtronic Plc and LifeScan IP Holdings, LLC
  • PHC Holdings Corporation
  • Nova Biomedical Inc
  • Terumo Corporation
  • ARKRAY, Inc
  • Bionime Corporation
  • BeatO
  • OMRON Healthcare Co., Ltd
  • Ypsomed India Private Ltd
  • Glysure Ltd
  • CamDiab
  • Xbird
  • GlySens
  • Senseonics Holdings Inc
  • Ascensia
  • Becton Dickinson and Company
  • Kainico Ltd
  • Evia Medical Technologies
  • Agamatrix Inc
  • B Braun Melsungen AG

Methodology

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Table Information