Global Glucose Monitoring Devices Market Size, Trends, and Growth Opportunity, By Product Type (Self-Monitoring Blood Glucose Devices, Continuous Glucose Monitoring Devices), By Distribution Channel (Retail, Online), By End User (Hospital, Clinics, Diagnostic Centers, Home Healthcare, Others), By Region and Forecast to 2030.
Global Glucose Monitoring Devices Market
The Global Glucose Monitoring Devices Market was valued at USD 13.5 billion in 2022 and is expected to expand to USD 25.4 billion by 2030, at a CAGR of 6.61% during the forecast period 2023-2030.
The glucose monitoring device is a glucose meter or glucometer which measures how much sugar is in the blood sample. The drop of blood one gets with a finger prick is usually enough to use on a test strip. A finger prick is done with a special spring-loaded device that quickly pricks the fingertip. Glucose monitoring devices allow clinicians & patients to identify high & low blood glucose levels.
Market Drivers
The increase in the prevalence of diabetes is likely to contribute to the global glucose monitoring devices market's growth during the forecast period. Also, the growing obesity rate is one of the essential causes of diabetes in the general population, hence the number of glucose monitoring devices is also increasing. Thus, this factor boosts market growth further.
Furthermore, an increase in strategic developments, such as partnerships and collaborations, leads to market growth.
Market Restraints
The high cost and complications of monitoring devices restrain the global glucose monitoring devices market. This monitoring device is costly and also painful. Many times, the results of diabetes care devices are not always accurate. Insurance coverage & qualifications for coverage is a challenging factor. Thus, all these factors impede the global glucose monitoring devices market growth.
Market Segmentation
The global glucose monitoring devices market is segmented into product type, distribution channel, end-user, and region.
Based on product type, the global glucose monitoring devices market is segmented into self-monitoring blood glucose devices and continuous glucose monitoring devices.
Based on the distribution channel, the global glucose monitoring devices market is segmented into retail, and online.
Based on end users, the global glucose monitoring devices market is segmented into hospitals, clinics, diagnostic centers, home healthcare, and Others.
Regional Analysis
The global glucose monitoring devices market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the global glucose monitoring devices market in the forecast period owing to the effectual reimbursement policies and growing awareness of diabetes. Also, the region's well-developed healthcare infrastructure and favorable reimbursement policies will lead to market growth.
The Asia-Pacific region is also projected to grow at a significant rate due to the rising demand for minimally invasive surgeries and the huge growth in the advanced healthcare infrastructure in the region.
Key Players
Various key players are discussed in the global glucose monitoring devices market report including; Abbott Laboratories, Dexcom, Inc., A. Menarini Diagnostics, Echo Therapeutics, Inc., GlySens Incorporated, Johnson & Johnson, Medtronic plc, Senseonics Holdings, Inc., F. Hoffmann-La Roche Ltd, Ypsomed, and Others.
For instance, in 2022, DexCom launched a CE Mark for its G7 CGM system in Europe, intended for people who have diabetes and are 2 years and older, which includes pregnant women.
Market Taxonomy
By Product Type
• Self-Monitoring Blood Glucose Devices
• Continuous Glucose Monitoring Devices
By Distribution Channel
• Retail
• Online
By End User
• Hospital
• Clinics
• Diagnostic Centers
• Home Healthcare
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Glucose Monitoring Devices Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Glucose Monitoring Devices Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact Of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Glucose Monitoring Devices Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 Global Glucose Monitoring Devices Market Share Analysis, By Product Type
5.3 Global Glucose Monitoring Devices Market Size and Forecast, By Product Type
5.3.1 Self-Monitoring Blood Glucose Devices
5.3.2 Continuous Glucose Monitoring Devices
6 Global Glucose Monitoring Devices Market, By Distribution Channel
6.1 Y-o-Y Growth Comparison, By Distribution Channel
6.2 Global Glucose Monitoring Devices Market Share Analysis, By Distribution Channel
6.3 Global Glucose Monitoring Devices Market Size and Forecast, By Distribution Channel
6.3.1 Retail
6.3.2 Online
7 Global Glucose Monitoring Devices Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Glucose Monitoring Devices Market Share Analysis, By End User
7.3 Global Glucose Monitoring Devices Market Size and Forecast, By End User
7.3.1 Hospital
7.3.2 Clinics
7.3.3 Diagnostic Centers
7.3.4 Home Healthcare
7.3.5 Others
8 Global Glucose Monitoring Devices Market, By Region
8.1 Global Glucose Monitoring Devices Market Share Analysis, By Region
8.2 Global Glucose Monitoring Devices Market Share Analysis, By Region
8.3 Global Glucose Monitoring Devices Market Size and Forecast, By Region
9 North America Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Glucose Monitoring Devices Market Share Analysis, By Product Type
9.3 North America Glucose Monitoring Devices Market Share Analysis, By Distribution Channel
9.4 North America Glucose Monitoring Devices Market Size and Forecast, By End User
9.5 North America Glucose Monitoring Devices Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Glucose Monitoring Devices Market Share Analysis, By Product Type
10.3 Europe Glucose Monitoring Devices Market Share Analysis, By Distribution Channel
10.4 Europe Glucose Monitoring Devices Market Size and Forecast, By End User
10.5 Europe Glucose Monitoring Devices Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Glucose Monitoring Devices Market Share Analysis, By Product Type
11.3 Asia Pacific Glucose Monitoring Devices Market Share Analysis, By Distribution Channel
11.4 Asia Pacific Glucose Monitoring Devices Market Size and Forecast, By End User
11.5 Asia Pacific Glucose Monitoring Devices Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Glucose Monitoring Devices Market Share Analysis, By Product Type
12.3 Latin America Glucose Monitoring Devices Market Share Analysis, By Distribution Channel
12.4 Latin America Glucose Monitoring Devices Market Size and Forecast, By End User
12.5 Latin America Glucose Monitoring Devices Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Glucose Monitoring Devices Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Glucose Monitoring Devices Market Share Analysis, By Product Type
13.3 Middle East Glucose Monitoring Devices Market Share Analysis, By Distribution Channel
13.4 Middle East Glucose Monitoring Devices Market Size and Forecast, By End User
13.5 Middle East Glucose Monitoring Devices Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Abbott Laboratories
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Dexcom, Inc.
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.25 Key Market Developments
15.2.6 Key Strategies
15.3 A. Menarini Diagnostics
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Echo Therapeutics, Inc.
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 GlySens Incorporated
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Johnson & Johnson
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Medtronic plc
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Senseonics Holdings, Inc.
15. 8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 F. Hoffmann-La Roche Ltd.
15.9.1 Overview
15.9.2 Offerings
15.4.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 Ypsomed
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
