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Glucose Monitoring Devices - Global Market Trajectory & Analytics

  • ID: 338886
  • Report
  • September 2020
  • Region: Global
  • 115 Pages
  • Global Industry Analysts, Inc
Global Glucose Monitoring Devices Market to Reach $16.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Glucose Monitoring Devices estimated at US$10.8 Billion in the year 2020, is projected to reach a revised size of US$16.1 Billion by 2027, growing at a CAGR of 5.9% over the analysis period 2020-2027. Testing Strips, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$4.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lancets segment is readjusted to a revised 6.4% CAGR for the next 7-year period.



The U. S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 9% CAGR

The Glucose Monitoring Devices market in the U. S. is estimated at US$2.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2027 trailing a CAGR of 8.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Blood Glucose Meters Segment to Record 5.5% CAGR

In the global Blood Glucose Meters segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.2 Billion by the year 2027, while Latin America will expand at a 6.7% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 115-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Abbott Diabetes Care, Inc.
  • ACON Laboratories, Inc.
  • AgaMatrix, Inc.
  • Alive Technologies Pty. Ltd.
  • ARKRAY, Inc.
  • Ascensia Diabetes Care Holdings AG
  • B. Braun Melsungen AG
  • Beurer GmbH
  • Dexcom, Inc.
  • GlySens Inc.
  • LifeScan, Inc.
  • Medtronic plc
  • Nova Biomedical Corporation
  • Omron Healthcare Co., Ltd.
  • Roche Diagnostics
  • Senseonics Holdings, Inc.
  • Terumo Corporation
  • Trividia Health, Inc.
  • Ypsomed Holding AG
Note: Product cover images may vary from those shown
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Glucose Monitoring Devices: Enabling Easier and Efficient Monitoring of the Global Diabetes Epidemic
  • Growth Drivers in a Nutshell
  • Recent Market Activity
  • Glucose Monitoring Undergoes Notable Transformation over the Years: An Evolutionary Scan
  • Evolution of Diabetes Testing over the Years with Key Features in Each Period
  • Diabetes Incidence Reaching Epidemic Proportions Worldwide: Foundation for Market Growth
  • Diabetes: One of the Leading Causes of Death Globally
  • Diabetes Incidence and Prevalence by Region/Country
  • Global Market Outlook
  • Developed Countries are Dominant Markets, while Developing Countries Spearhead Market Growth
  • Global Competitor Market Shares
  • Glucose Monitoring Devices Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growing Popularity of Smart, Compact, Digital, Ergonomic, and Wireless Glucose Monitors Drive Healthy Market Growth
  • Select Disruptive Glucose Monitors Promising Reduced Pain, Lesser Data Load, and Zero Worries
  • Innovative Smart Glucometers for Sugar Monitoring
  • Need for Real-Time Glucose Sensing and Monitoring Drive Strong Demand for Minimally-Invasive CGM Devices
  • Myriad Benefits of CGMs
  • CGM Market Gradually Breaks through Barriers to Adoption
  • Intensive Care Units: A Highly Promising Market for CGMs
  • Key Challenges Hampering Widespread Adoption of CGM Systems
  • Despite Competition from CGM Systems, SGM Devices Continue to Dominate Sales
  • Blood Glucose Test Strips: The Largest Segment
  • Cost: The Ultimate Factor Favoring Growth in Demand for Blood Glucose Monitoring Systems
  • Self-Monitoring/Household Blood Glucose:Sustaining Growth in Demand
  • Key Trends in the Glucose Meter/Monitoring Systems
  • Smartphone Penetration Favors SMBG Market
  • Barriers to Adoption of New Technology in BGM Products
  • Accuracy Issues Plague Blood Glucose Meters Market
  • Advancements in Glucose Monitoring Devices Offers a New Ray of Hope
  • Undiagnosed Diabetes: A Major Healthcare Challenge Offering Huge Untapped Potential
  • Undiagnosed Diabetics: More Prone to Cardiovascular Diseases
  • Increased Vulnerability of Diabetics to Various Health Complications Drives the Need for Timely Glucose Monitoring
  • Non-Insulin-Dependent Diabetes Mellitus (NIDDM) Lead to Cardiovascular Complications
  • Higher Risk of Diabetes in the Fast Expanding Aging Population Benefit Market Expansion
  • Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
  • Increasing Healthcare Expenditure Boosts Demand for SGM and CGM Devices
  • Increasing Obesity Levels Underpins Market Growth
  • K’Track: Discreet and Painless Glucose- Monitoring Wearable
  • The Sugar iQ App Provide Predictive Diabetes Care
  • DIABNEXT® CLIPSULIN®: World’s First A.I Tool for Diabetes
  • e-mosquito CGM Device
  • FreeStyle Libre Flash Glucose Monitoring System
  • MyDario Mobile Data Management Platform
  • The New Handheld RL-BGM Device
  • TOUCH TG
  • Pocket-Sized Gadgets
  • Digital Contact Lenses
  • Gamification
  • Leveraging Big Data
  • Digital Tattoos
  • OneTouch® Verio Flex® Monitoring System
  • Artificial Pancreas System (APS): The Next Big Thing in Glucose Monitoring
  • The First-of-its-Kind Artificial Pancreas by Medtronic
  • Non-invasive, Acetone Detecting Breathalyzer for Glucose Testing
  • Nanotechnology-based Breathalyzer for Non-Invasive Glucose Monitoring
  • EMG 1000: Needle-free Device for Glucose Monitoring
  • Glucase: Smartphone Case with Glucose Testing Kit
  • Painless Diabetes Monitoring Using NFC Technology
  • GlucoSense: Laser Device for Non-invasive Monitoring of Glucose Levels
  • ClearPath DS-120: Enabling Early Detection of Diabetes & Prediabetes
  • NoStrip™ Technology: Eliminating Need for Individual Test Strips
  • Other Innovative and Advanced Glucose Monitoring Systems
  • Notable Early-stage Investigative Glucose Monitoring Devices
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Glucose Monitoring Devices Market Share (in %) by Company: 2020 & 2025
  • Market Analytics
CANADA

JAPAN

CHINA

EUROPE
  • Market Facts & Figures
  • European Glucose Monitoring Devices Market: Competitor Market Share Scenario (in %) for 2020 & 2025
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 77
Note: Product cover images may vary from those shown
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