Self-monitoring Blood Glucose Devices Market 2021 Regional Outlook, Competitive Strategies & Growth Forecast By 2026

The global self-monitoring blood glucose devices market size was valued over USD 15.5 Billion in 2019 and it is predicted to proliferate at a rate of 5.3% through 2026. A stressful and fast-paced lifestyle has made people consume unhealthy foods at untimely hours which has increased the prevalence of disease like diabetes. Growing occurrence of appalling diseases like type 2 diabetes and rising geriatric population are some of the key factors driving the global self-monitoring blood glucose devices industry growth.

The study reportedly found that technology-assisted self-monitoring devices are safe and effective in the generation of positive health outcomes. The researchers have also recorded a number of limitations so that the findings are considered in future studies and clinical practice. Similar studies are expected to support novel product development, in turn driving the demand for self-monitoring blood glucose devices over the forthcoming years.

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Application-wise, the gestational diabetes segment held a global self-monitoring blood glucose devices market revenue of USD 500 Million in 2019. As per the International Diabetes Federation, over 223 million women were diagnosed with diabetes in 2019 and around 16% of newborns were diagnosed with hyperglycemia. Furthermore, aging pregnant women are more prone to hyperglycemia. Self-monitoring devices can provide effective diagnostics and can help patients prevent from contracting hospital-induced infections.

Speaking of end-users, clinics & diagnostic centers segment accounted for over 9% of the total revenue share in 2019 and it is anticipated to grow at a reasonable rate during the forecast period. Growing need for early-stage diagnosis of diabetes for its prevention shall substantially contribute to the segmental growth.

Regionally, North America, led by the U.S, dominated the global self-monitoring blood glucose devices market in 2019. As per CDC, about 88 million people over the age of 18 are diagnosed with prediabetes and this comprises over 334.5% of the total adult population in the United States.

Major players in the self-monitoring blood glucose devices market include Dexcom, Inc., Johnson & Johnson, Abbott Laboratories, Medtronic Plc., F. Hoffmann-La Roche Ltd., and others. They are expanding their market presence by favoring the adoption of several strategies including partnerships as well as product portfolio enhancements.

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Partial Chapter of the Table of Content

Chapter 4   Self-monitoring Blood Glucose Devices Market, By Product

4.1    Key segment trends

4.2    Self-monitoring blood glucose meters

4.2.1    Market size, by region, 2015-2026 (USD Million)

4.3    Continuous glucose monitors

4.3.1    Market size, by region, 2015-2026 (USD Million)

4.4    Testing strips

4.4.1    Market size, by region, 2015-2026 (USD Million)

4.5    Lancets

4.5.1    Market size, by region, 2015-2026 (USD Million)

Chapter 5   Self-monitoring Blood Glucose Devices Market, By Application

5.1    Key segment trends

5.2    Type 1 diabetes

5.2.1    Market size, by region, 2015-2026 (USD Million)

5.3    Type 2 diabetes

5.3.1    Market size, by region, 2015-2026 (USD Million)

5.4    Gestational diabetes

5.4.1    Market size, by region, 2015-2026 (USD Million)

Chapter 6   Self-monitoring Blood Glucose Devices Market, By End-use

6.1    Key segment trends

6.2    Hospitals

6.2.1    Market size, by region, 2015-2026 (USD Million)

6.3    Home settings

6.3.1    Market size, by region, 2015-2026 (USD Million)

6.4    Diagnostic centers & clinics

6.4.1    Market size, by region, 2015-2026 (USD Million)

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