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Blood Glucose Monitoring Devices-Global Market Insights and Sales Trends 2024
Synopsis
The global BGM devices market is growing due to the increase in the number of people with diabetes, especially type 1 diabetes. To avoid high doses of medication and insulin intake, these people are moving toward monitoring blood glucose levels by learning about the technicalities and the usage of BGM devices.
The global Blood Glucose Monitoring Devices market size is expected to reach US$ 13650 million by 2029, growing at a CAGR of 5.8% from 2023 to 2029. The market is mainly driven by the significant applications of Blood Glucose Monitoring Devices in various end use industries. The expanding demands from the Hospitals and Diagnostic Laboratories, POL and Home-Care Settings,, are propelling Blood Glucose Monitoring Devices market. Self-Monitoring Devices, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Continuous Glucose Monitoring Devices segment is estimated at % CAGR for the next seven-year period.
The global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Blood Glucose Monitoring Devices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Blood Glucose Monitoring Devices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Blood Glucose Monitoring Devices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Blood Glucose Monitoring Devices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Blood Glucose Monitoring Devices covered in this report include Terumo Corporation, Acon Laboratories, Roche Diagnostics, Johnson＆Johnson, ARKRAY, Novo Nordisk, Medtronic, Abbott Laboratories and Ypsomed, etc.
The global Blood Glucose Monitoring Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Terumo Corporation
Acon Laboratories
Roche Diagnostics
Johnson＆Johnson
ARKRAY
Novo Nordisk
Medtronic
Abbott Laboratories
Ypsomed
Sanofi
Global Blood Glucose Monitoring Devices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Blood Glucose Monitoring Devices market, Segment by Type:
Self-Monitoring Devices
Continuous Glucose Monitoring Devices
Global Blood Glucose Monitoring Devices market, by Application
Hospitals and Diagnostic Laboratories
POL
Home-Care Settings
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Blood Glucose Monitoring Devices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Blood Glucose Monitoring Devices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The global BGM devices market is growing due to the increase in the number of people with diabetes, especially type 1 diabetes. To avoid high doses of medication and insulin intake, these people are moving toward monitoring blood glucose levels by learning about the technicalities and the usage of BGM devices.
The global Blood Glucose Monitoring Devices market size is expected to reach US$ 13650 million by 2029, growing at a CAGR of 5.8% from 2023 to 2029. The market is mainly driven by the significant applications of Blood Glucose Monitoring Devices in various end use industries. The expanding demands from the Hospitals and Diagnostic Laboratories, POL and Home-Care Settings,, are propelling Blood Glucose Monitoring Devices market. Self-Monitoring Devices, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Continuous Glucose Monitoring Devices segment is estimated at % CAGR for the next seven-year period.
The global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Blood Glucose Monitoring Devices, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Blood Glucose Monitoring Devices market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Blood Glucose Monitoring Devices market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Blood Glucose Monitoring Devices sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Blood Glucose Monitoring Devices covered in this report include Terumo Corporation, Acon Laboratories, Roche Diagnostics, Johnson＆Johnson, ARKRAY, Novo Nordisk, Medtronic, Abbott Laboratories and Ypsomed, etc.
The global Blood Glucose Monitoring Devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Terumo Corporation
Acon Laboratories
Roche Diagnostics
Johnson＆Johnson
ARKRAY
Novo Nordisk
Medtronic
Abbott Laboratories
Ypsomed
Sanofi
Global Blood Glucose Monitoring Devices market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Blood Glucose Monitoring Devices market, Segment by Type:
Self-Monitoring Devices
Continuous Glucose Monitoring Devices
Global Blood Glucose Monitoring Devices market, by Application
Hospitals and Diagnostic Laboratories
POL
Home-Care Settings
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Blood Glucose Monitoring Devices manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Blood Glucose Monitoring Devices in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Blood Glucose Monitoring Devices Market Overview
1.1 Blood Glucose Monitoring Devices Product Overview
1.2 Blood Glucose Monitoring Devices Market Segment by Type
1.2.1 Self-Monitoring Devices
1.2.2 Continuous Glucose Monitoring Devices
1.3 Global Blood Glucose Monitoring Devices Market Size by Type
1.3.1 Global Blood Glucose Monitoring Devices Market Size Overview by Type (2018-2029)
1.3.2 Global Blood Glucose Monitoring Devices Historic Market Size Review by Type (2018-2023)
1.3.3 Global Blood Glucose Monitoring Devices Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Blood Glucose Monitoring Devices Sales Breakdown by Type (2018-2023)
1.4.2 Europe Blood Glucose Monitoring Devices Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Blood Glucose Monitoring Devices Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Blood Glucose Monitoring Devices Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Blood Glucose Monitoring Devices Sales Breakdown by Type (2018-2023)
2 Global Blood Glucose Monitoring Devices Market Competition by Company
2.1 Global Top Players by Blood Glucose Monitoring Devices Sales (2018-2023)
2.2 Global Top Players by Blood Glucose Monitoring Devices Revenue (2018-2023)
2.3 Global Top Players by Blood Glucose Monitoring Devices Price (2018-2023)
2.4 Global Top Manufacturers Blood Glucose Monitoring Devices Manufacturing Base Distribution, Sales Area, Product Type
2.5 Blood Glucose Monitoring Devices Market Competitive Situation and Trends
2.5.1 Blood Glucose Monitoring Devices Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Blood Glucose Monitoring Devices Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Blood Glucose Monitoring Devices as of 2022)
2.7 Date of Key Manufacturers Enter into Blood Glucose Monitoring Devices Market
2.8 Key Manufacturers Blood Glucose Monitoring Devices Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Blood Glucose Monitoring Devices Status and Outlook by Region
3.1 Global Blood Glucose Monitoring Devices Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Blood Glucose Monitoring Devices Historic Market Size by Region
3.2.1 Global Blood Glucose Monitoring Devices Sales in Volume by Region (2018-2023)
3.2.2 Global Blood Glucose Monitoring Devices Sales in Value by Region (2018-2023)
3.2.3 Global Blood Glucose Monitoring Devices Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Blood Glucose Monitoring Devices Forecasted Market Size by Region
3.3.1 Global Blood Glucose Monitoring Devices Sales in Volume by Region (2024-2029)
3.3.2 Global Blood Glucose Monitoring Devices Sales in Value by Region (2024-2029)
3.3.3 Global Blood Glucose Monitoring Devices Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Blood Glucose Monitoring Devices by Application
4.1 Blood Glucose Monitoring Devices Market Segment by Application
4.1.1 Hospitals and Diagnostic Laboratories
4.1.2 POL
4.1.3 Home-Care Settings
4.2 Global Blood Glucose Monitoring Devices Market Size by Application
4.2.1 Global Blood Glucose Monitoring Devices Market Size Overview by Application (2018-2029)
4.2.2 Global Blood Glucose Monitoring Devices Historic Market Size Review by Application (2018-2023)
4.2.3 Global Blood Glucose Monitoring Devices Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Blood Glucose Monitoring Devices Sales Breakdown by Application (2018-2023)
4.3.2 Europe Blood Glucose Monitoring Devices Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Blood Glucose Monitoring Devices Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Blood Glucose Monitoring Devices Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Blood Glucose Monitoring Devices Sales Breakdown by Application (2018-2023)
5 North America Blood Glucose Monitoring Devices by Country
5.1 North America Blood Glucose Monitoring Devices Historic Market Size by Country
5.1.1 North America Blood Glucose Monitoring Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Blood Glucose Monitoring Devices Sales in Volume by Country (2018-2023)
5.1.3 North America Blood Glucose Monitoring Devices Sales in Value by Country (2018-2023)
5.2 North America Blood Glucose Monitoring Devices Forecasted Market Size by Country
5.2.1 North America Blood Glucose Monitoring Devices Sales in Volume by Country (2024-2029)
5.2.2 North America Blood Glucose Monitoring Devices Sales in Value by Country (2024-2029)
6 Europe Blood Glucose Monitoring Devices by Country
6.1 Europe Blood Glucose Monitoring Devices Historic Market Size by Country
6.1.1 Europe Blood Glucose Monitoring Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Blood Glucose Monitoring Devices Sales in Volume by Country (2018-2023)
6.1.3 Europe Blood Glucose Monitoring Devices Sales in Value by Country (2018-2023)
6.2 Europe Blood Glucose Monitoring Devices Forecasted Market Size by Country
6.2.1 Europe Blood Glucose Monitoring Devices Sales in Volume by Country (2024-2029)
6.2.2 Europe Blood Glucose Monitoring Devices Sales in Value by Country (2024-2029)
7 Asia-Pacific Blood Glucose Monitoring Devices by Region
7.1 Asia-Pacific Blood Glucose Monitoring Devices Historic Market Size by Region
7.1.1 Asia-Pacific Blood Glucose Monitoring Devices Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Blood Glucose Monitoring Devices Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Blood Glucose Monitoring Devices Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Blood Glucose Monitoring Devices Forecasted Market Size by Region
7.2.1 Asia-Pacific Blood Glucose Monitoring Devices Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Blood Glucose Monitoring Devices Sales in Value by Region (2024-2029)
8 Latin America Blood Glucose Monitoring Devices by Country
8.1 Latin America Blood Glucose Monitoring Devices Historic Market Size by Country
8.1.1 Latin America Blood Glucose Monitoring Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Blood Glucose Monitoring Devices Sales in Volume by Country (2018-2023)
8.1.3 Latin America Blood Glucose Monitoring Devices Sales in Value by Country (2018-2023)
8.2 Latin America Blood Glucose Monitoring Devices Forecasted Market Size by Country
8.2.1 Latin America Blood Glucose Monitoring Devices Sales in Volume by Country (2024-2029)
8.2.2 Latin America Blood Glucose Monitoring Devices Sales in Value by Country (2024-2029)
9 Middle East and Africa Blood Glucose Monitoring Devices by Country
9.1 Middle East and Africa Blood Glucose Monitoring Devices Historic Market Size by Country
9.1.1 Middle East and Africa Blood Glucose Monitoring Devices Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Blood Glucose Monitoring Devices Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Blood Glucose Monitoring Devices Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Blood Glucose Monitoring Devices Forecasted Market Size by Country
9.2.1 Middle East and Africa Blood Glucose Monitoring Devices Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Blood Glucose Monitoring Devices Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Terumo Corporation
10.1.1 Terumo Corporation Company Information
10.1.2 Terumo Corporation Introduction and Business Overview
10.1.3 Terumo Corporation Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Terumo Corporation Blood Glucose Monitoring Devices Products Offered
10.1.5 Terumo Corporation Recent Development
10.2 Acon Laboratories
10.2.1 Acon Laboratories Company Information
10.2.2 Acon Laboratories Introduction and Business Overview
10.2.3 Acon Laboratories Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Acon Laboratories Blood Glucose Monitoring Devices Products Offered
10.2.5 Acon Laboratories Recent Development
10.3 Roche Diagnostics
10.3.1 Roche Diagnostics Company Information
10.3.2 Roche Diagnostics Introduction and Business Overview
10.3.3 Roche Diagnostics Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Roche Diagnostics Blood Glucose Monitoring Devices Products Offered
10.3.5 Roche Diagnostics Recent Development
10.4 Johnson＆Johnson
10.4.1 Johnson＆Johnson Company Information
10.4.2 Johnson＆Johnson Introduction and Business Overview
10.4.3 Johnson＆Johnson Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Johnson＆Johnson Blood Glucose Monitoring Devices Products Offered
10.4.5 Johnson＆Johnson Recent Development
10.5 ARKRAY
10.5.1 ARKRAY Company Information
10.5.2 ARKRAY Introduction and Business Overview
10.5.3 ARKRAY Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.5.4 ARKRAY Blood Glucose Monitoring Devices Products Offered
10.5.5 ARKRAY Recent Development
10.6 Novo Nordisk
10.6.1 Novo Nordisk Company Information
10.6.2 Novo Nordisk Introduction and Business Overview
10.6.3 Novo Nordisk Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Novo Nordisk Blood Glucose Monitoring Devices Products Offered
10.6.5 Novo Nordisk Recent Development
10.7 Medtronic
10.7.1 Medtronic Company Information
10.7.2 Medtronic Introduction and Business Overview
10.7.3 Medtronic Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Medtronic Blood Glucose Monitoring Devices Products Offered
10.7.5 Medtronic Recent Development
10.8 Abbott Laboratories
10.8.1 Abbott Laboratories Company Information
10.8.2 Abbott Laboratories Introduction and Business Overview
10.8.3 Abbott Laboratories Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Abbott Laboratories Blood Glucose Monitoring Devices Products Offered
10.8.5 Abbott Laboratories Recent Development
10.9 Ypsomed
10.9.1 Ypsomed Company Information
10.9.2 Ypsomed Introduction and Business Overview
10.9.3 Ypsomed Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Ypsomed Blood Glucose Monitoring Devices Products Offered
10.9.5 Ypsomed Recent Development
10.10 Sanofi
10.10.1 Sanofi Company Information
10.10.2 Sanofi Introduction and Business Overview
10.10.3 Sanofi Blood Glucose Monitoring Devices Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Sanofi Blood Glucose Monitoring Devices Products Offered
10.10.5 Sanofi Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Blood Glucose Monitoring Devices Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Blood Glucose Monitoring Devices Industrial Chain Analysis
11.4 Blood Glucose Monitoring Devices Market Dynamics
11.4.1 Blood Glucose Monitoring Devices Industry Trends
11.4.2 Blood Glucose Monitoring Devices Market Drivers
11.4.3 Blood Glucose Monitoring Devices Market Challenges
11.4.4 Blood Glucose Monitoring Devices Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Blood Glucose Monitoring Devices Distributors
12.3 Blood Glucose Monitoring Devices Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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