Blood Glucose Monitoring System Market - Global Industry Analysis

Blood Glucose Monitoring System Market By Product (Self-Monitoring and Continuous Glucose Monitoring Devices), By Testing Site (Fingertip Testing and Alternate Site Testing), By Indication (Type-I Diabetes, Type-II Diabetes, and Others), By End-User (Hospitals, Clinics, and Homecare), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 07-Jun-2022 Category: Medical Device Report Format : PDF Pages: 205 Report Code: ZMR-3435 Status : Published

The global blood glucose monitoring system market was at a net worth of $14.79B in 2021 and is projected to grow at a CAGR of 10.12% between 2022-2028 and reach a market value of $31.5B during the forecast period.

Description

Blood Glucose Monitoring System Market: Industry Prospective

The global blood glucose monitoring system market was at a net worth of $14.79B in 2021 and is projected to grow at a CAGR of 10.12% between 2022-2028 and reach a market value of $31.5B during the forecast period. The report analyzes the blood glucose monitoring system's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global blood glucose monitoring system market.

Blood Glucose Monitoring System Market: Overview

A blood glucose monitoring system also known as BGM is an effective tool used for monitoring blood sugar levels, especially for diabetic patients. Blood glucose monitoring systems have helped patients become self-reliant and take control of their medical health. BGM systems track high or low glucose levels and encourage patients to take relevant medication or treatment.

BGM systems work by understanding the resistance to an electric current sent through a blood-stained test strip. Or by inserting a sensor under the patient's skin that reads the glucose level between cell fluids.

The type of blood glucose monitoring system to be used depends on the requirements of the patient. Multiple options for BGM devices are present in the market catering to different medical needs.

The global blood glucose monitoring system is witnessing a surge in its global market value and is projected to touch milestones during the forecast period.

Blood Glucose Monitoring System Market: Growth Drivers

The increasing population of diabetic patients drives global market growth

The number of patients worldwide suffering from type 1 and type 2 diabetes has grown exponentially over the last couple of years. The changing stationary lifestyle, poor eating habits, and genetic disorders are the leading cause of growth in diabetic patients. This rising insulin dependency is expected to propel the global blood glucose monitoring system market toward growth in the forecast period.

In 2021, International Diabetes Federation published a report, the findings of which stated that around 537M of the population in countries like India, Mexico, and China suffer from diabetes.

The presence of multiple manufacturers of blood glucose monitoring systems offering technically advanced devices at favorable prices is anticipated to contribute to the global market growth during the forecast period.

Developed economies having state-of-the-art medical facilities are expected to fuel the global market growth.

Global Blood Glucose Monitoring System Market

Blood Glucose Monitoring System Market: Restraints

Lack of awareness along with the high cost of devices in emerging economies restrain the global market

A fair share of the population in growing economies is unaware of diabetes and its management. Furthermore, developing economies lack the necessary infrastructure for treatment facilities to manage chronic diseases like diabetes. The lack of awareness and absence of advanced medical facilities is expected to hamper the blood glucose monitoring system market during the forecast period.

Emerging economies are also lagging in the necessary funding required for R&D which restricts global market growth.

SMBG and CGM are invasive techniques. Patients’ hesitancy while using the invasive methods for tracking diabetes is projected to restrict the global market growth.

Blood Glucose Monitoring System Market: Opportunities

Explosive amount of untapped market to provide growth opportunities in the global market

As per IDF's 2021 report, half of the total diabetic patients have remained undiagnosed in Africa. Around 56% of the Asia-Pacific population comprises undiagnosed patients. This provides a massive opportunity for global market leaders to tap into.

The country's governments have been taking proactive actions, conducting programs to educate the masses about diabetes and ways to control it. The global blood glucose monitoring system market can bank upon these initiatives to provide growth opportunities in the forecast period.

Blood Glucose Monitoring System Market: Challenges

Lack of funding presents a challenge for the global market growth

Lack of funding for technical advancement in the field of blood glucose monitoring systems poses a major challenge in the global market during the forecast period. Developed countries have shown more acceptance towards BGM devices owing to better awareness and technically rich devices However, developing economies need more investment to penetrate every corner of the target global market.

For developing nations, the prices of BGM devices can be relatively higher than in developed nations. The maintenance and supporting accessories increase the overall cost of the device making it less cost-effective for patients in these territories. This is a major challenge for the global market to tackle.

Diabetes is one of the few medical conditions which are not reimbursed by healthcare agencies. The absence of reimbursement, particularly in SMBG, challenges the upward global market growth. Since the disease is not reimbursed, a potential number of patients fail to get themselves tested for diabetes and a huge chunk of the global market remains in isolation.

 Blood Glucose Monitoring System Market: Segmentation

The global blood glucose monitoring system is segmented based on product, testing site, indication, end-user, and region.

Based on product, the global market is segmented between self-monitoring and continuous glucose monitoring devices. SBGM is expected to maintain the highest share in the global market owing to its cost-effectiveness and hassle-free usage.

Based on testing sites, the global market is segmented between fingertip testing and alternate site testing. Fingertip testing is anticipated to cover the market share more than alternate site testing during the forecast period.

Based on indication, the global market is segmented between type-I diabetes, type-II diabetes, and others. As of 2021, the global market share was dominated by type-II diabetic patients because of more patients suffering from type-II diabetic conditions.

Based on end-user, the global market is segmented by hospitals, clinics, and home care. In 2021, the hospital segment marked the highest revenue and is anticipated to lead the global market during the forecast part owing to heavy investments in the hospital segment.

Report Scope:

 

Recent Developments:

  • In January 2022, a non-invasive blood glucose testing prototype was invented by Scanbo, that provides blood glucose results in 60 secs. This invention will help cater to diabetic patients who are less comfortable with invasive blood glucose testing methods.
  • In March 2021, Omron Healthcare Inc. announced its expansion plans in India in the year 2021. Omron is a health device manufacturing company and its intention is to increase BGM device retails by 35 to 40%, in India.

Blood Glucose Monitoring System Market: Regional landscape

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

The global market is likely to be led by North America during the forecast period

North America was attributed with the highest global blood glucose monitoring system market in 2021 owing to a 35.5% share of the global revenue. Prevalence of obesity in addition to the high standard of medical assistance provided to patients, technically advanced equipment is expected to assist North America in staying the highest revenue contributor during the forecast period.

Europe shares a significant amount of global market share because of the awareness and proactive approach of their population in diagnosing and managing diabetes. Europe is expected to continue its growth streak because of the intense investment in healthcare facilities.

Asia Pacific is anticipated to register a higher CAGR during the forecast period owing to growing awareness & acceptance of BGM systems, particularly in India & China. The increase in investments in medical facilities is also a major cause of the anticipated growth. The slow but steady growth in the spending capability of the general population is another factor expected to contribute to the global market.

The Middle East, Latin America & Africa are expected to show slow growth majorly because of a lack of awareness amongst the population about proper diabetes management. The number of undiagnosed patients in these regions still remains high causing a lagging growth graph in the global market. Below-par standard of living is also one of the causes of registering slower CAGR.

Blood Glucose Monitoring System Market: Competitive Analysis

The global blood glucose monitoring system market is dominated by leaders like Glysens Incorporated, Lifescan IP Holdings, Senseonics, Prodigy Diabetes Care, B. Braun Melsungen AG, Terumo Corporation, ACON Laboratories,  Medtronic, F.Hoffmann-la Roche, Sanofi, Dexcom Inc, Novo Nordisk, Insulet Corporation, Ascensia Diabetes Care, Ypsomed Holdings, Nova Biomedical.

The global blood glucose monitoring system market is segmented as follows:

By Product:

  • Self-monitoring system
  • Continuous glucose monitoring system

By Testing Site:

  • Fingertip testing
  • Alternate site testing

By Indication:

  • Type-I diabetes
  • Type-II diabetes
  • Others

By End-User

  • Hospitals
  • Clinics
  • Homecare

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of The Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Blood Glucose Monitoring System Market, (2022 - 2028) (USD Billion)
    • 2.2 Global Blood Glucose Monitoring System Market : snapshot
  • Chapter 3. Global Blood Glucose Monitoring System Market - Industry Analysis
    • 3.1 Blood Glucose Monitoring System Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing population of diabetic patients to drive global market growth
    • 3.3 Market Restraints
      • 3.3.1. Lack of awareness along with the high cost of devices in emerging economies to restrain the global market
    • 3.4 Market Opportunities
      • 3.4.1. Explosive amount of untapped market to provide growth opportunities in the global market
    • 3.5 Market Challenges
      • 3.5.1. Lack of funding to present a challenge for the global market growth
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Testing Site:
      • 3.7.3 Market attractiveness analysis By Indication
      • 3.7.4 Market attractiveness analysis By End-User
  • Chapter 4. Global Blood Glucose Monitoring System Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Blood Glucose Monitoring System Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Blood Glucose Monitoring System Market - Product Analysis
    • 5.1 Global Blood Glucose Monitoring System Market overview: By Product
      • 5.1.1 Global Blood Glucose Monitoring System Market share, By Product, 2021 and 2028
    • 5.2 Self-monitoring system
      • 5.2.1 Global Blood Glucose Monitoring System Market by Self-monitoring system, 2022 - 2028 (USD Billion)
    • 5.3 Continuous glucose monitoring system
      • 5.3.1 Global Blood Glucose Monitoring System Market by Continuous glucose monitoring system, 2022 - 2028 (USD Billion)
  • Chapter 6. Global Blood Glucose Monitoring System Market - Testing Site: Analysis
    • 6.1 Global Blood Glucose Monitoring System Market overview: By Testing Site:
      • 6.1.1 Global Blood Glucose Monitoring System Market share, By Testing Site:, 2021 and 2028
    • 6.2 Fingertip testing
      • 6.2.1 Global Blood Glucose Monitoring System Market by Fingertip testing, 2022 - 2028 (USD Billion)
    • 6.3 Alternate site testing
      • 6.3.1 Global Blood Glucose Monitoring System Market by Alternate site testing, 2022 - 2028 (USD Billion)
  • Chapter 7. Global Blood Glucose Monitoring System Market - Indication Analysis
    • 7.1 Global Blood Glucose Monitoring System Market overview: By Indication
      • 7.1.1 Global Blood Glucose Monitoring System Market share, By Indication, 2021 and 2028
    • 7.2 Type-I diabetes
      • 7.2.1 Global Blood Glucose Monitoring System Market by Type-I diabetes, 2022 - 2028 (USD Billion)
    • 7.3 Type-II diabetes
      • 7.3.1 Global Blood Glucose Monitoring System Market by Type-II diabetes, 2022 - 2028 (USD Billion)
    • 7.4 Others
      • 7.4.1 Global Blood Glucose Monitoring System Market by Others, 2022 - 2028 (USD Billion)
  • Chapter 8. Global Blood Glucose Monitoring System Market - End-User Analysis
    • 8.1 Global Blood Glucose Monitoring System Market overview: By End-User
      • 8.1.1 Global Blood Glucose Monitoring System Market share, By End-User, 2021 and 2028
    • 8.2 Hospitals
      • 8.2.1 Global Blood Glucose Monitoring System Market by Hospitals, 2022 - 2028 (USD Billion)
    • 8.3 Clinics
      • 8.3.1 Global Blood Glucose Monitoring System Market by Clinics, 2022 - 2028 (USD Billion)
    • 8.4 Homecare
      • 8.4.1 Global Blood Glucose Monitoring System Market by Homecare, 2022 - 2028 (USD Billion)
  • Chapter 9. Blood Glucose Monitoring System Market - Regional Analysis
    • 9.1 Global Blood Glucose Monitoring System Market Regional Overview
    • 9.2 Global Blood Glucose Monitoring System Market Share, by Region, 2021 & 2028 (USD Billion)
    • 9.3. North America
      • 9.3.1 North America Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
        • 9.3.1.1 North America Blood Glucose Monitoring System Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 North America Blood Glucose Monitoring System Market, by Product, 2022 - 2028
      • 9.4.1 North America Blood Glucose Monitoring System Market, by Product, 2022 - 2028 (USD Billion)
    • 9.5 North America Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028
      • 9.5.1 North America Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028 (USD Billion)
    • 9.6 North America Blood Glucose Monitoring System Market, by Indication, 2022 - 2028
      • 9.6.1 North America Blood Glucose Monitoring System Market, by Indication, 2022 - 2028 (USD Billion)
    • 9.7 North America Blood Glucose Monitoring System Market, by End-User, 2022 - 2028
      • 9.7.1 North America Blood Glucose Monitoring System Market, by End-User, 2022 - 2028 (USD Billion)
    • 9.4. Europe
      • 9.4.2 Europe Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
        • 9.4.2.1 Europe Blood Glucose Monitoring System Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 Europe Blood Glucose Monitoring System Market, by Product, 2022 - 2028
      • 9.4.1 Europe Blood Glucose Monitoring System Market, by Product, 2022 - 2028 (USD Billion)
    • 9.5 Europe Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028
      • 9.5.1 Europe Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028 (USD Billion)
    • 9.6 Europe Blood Glucose Monitoring System Market, by Indication, 2022 - 2028
      • 9.6.1 Europe Blood Glucose Monitoring System Market, by Indication, 2022 - 2028 (USD Billion)
    • 9.7 Europe Blood Glucose Monitoring System Market, by End-User, 2022 - 2028
      • 9.7.1 Europe Blood Glucose Monitoring System Market, by End-User, 2022 - 2028 (USD Billion)
    • 9.5. Asia Pacific
      • 9.5.3 Asia Pacific Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
        • 9.5.3.1 Asia Pacific Blood Glucose Monitoring System Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 Asia Pacific Blood Glucose Monitoring System Market, by Product, 2022 - 2028
      • 9.4.1 Asia Pacific Blood Glucose Monitoring System Market, by Product, 2022 - 2028 (USD Billion)
    • 9.5 Asia Pacific Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028
      • 9.5.1 Asia Pacific Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028 (USD Billion)
    • 9.6 Asia Pacific Blood Glucose Monitoring System Market, by Indication, 2022 - 2028
      • 9.6.1 Asia Pacific Blood Glucose Monitoring System Market, by Indication, 2022 - 2028 (USD Billion)
    • 9.7 Asia Pacific Blood Glucose Monitoring System Market, by End-User, 2022 - 2028
      • 9.7.1 Asia Pacific Blood Glucose Monitoring System Market, by End-User, 2022 - 2028 (USD Billion)
    • 9.6. Latin America
      • 9.6.4 Latin America Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
        • 9.6.4.1 Latin America Blood Glucose Monitoring System Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 Latin America Blood Glucose Monitoring System Market, by Product, 2022 - 2028
      • 9.4.1 Latin America Blood Glucose Monitoring System Market, by Product, 2022 - 2028 (USD Billion)
    • 9.5 Latin America Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028
      • 9.5.1 Latin America Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028 (USD Billion)
    • 9.6 Latin America Blood Glucose Monitoring System Market, by Indication, 2022 - 2028
      • 9.6.1 Latin America Blood Glucose Monitoring System Market, by Indication, 2022 - 2028 (USD Billion)
    • 9.7 Latin America Blood Glucose Monitoring System Market, by End-User, 2022 - 2028
      • 9.7.1 Latin America Blood Glucose Monitoring System Market, by End-User, 2022 - 2028 (USD Billion)
    • 9.7. The Middle-East and Africa
      • 9.7.5 The Middle-East and Africa Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
        • 9.7.5.1 The Middle-East and Africa Blood Glucose Monitoring System Market, by Country, 2022 - 2028 (USD Billion)
    • 9.4 The Middle-East and Africa Blood Glucose Monitoring System Market, by Product, 2022 - 2028
      • 9.4.1 The Middle-East and Africa Blood Glucose Monitoring System Market, by Product, 2022 - 2028 (USD Billion)
    • 9.5 The Middle-East and Africa Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028
      • 9.5.1 The Middle-East and Africa Blood Glucose Monitoring System Market, by Testing Site:, 2022 - 2028 (USD Billion)
    • 9.6 The Middle-East and Africa Blood Glucose Monitoring System Market, by Indication, 2022 - 2028
      • 9.6.1 The Middle-East and Africa Blood Glucose Monitoring System Market, by Indication, 2022 - 2028 (USD Billion)
    • 9.7 The Middle-East and Africa Blood Glucose Monitoring System Market, by End-User, 2022 - 2028
      • 9.7.1 The Middle-East and Africa Blood Glucose Monitoring System Market, by End-User, 2022 - 2028 (USD Billion)
  • Chapter 10. Company Profiles
    • 10.1 leaders like Glysens Incorporated
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 Lifescan IP Holdings
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Senseonics
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Prodigy Diabetes Care
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 B. Braun Melsungen AG
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Terumo Corporation
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 ACON Laboratories
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Medtronic
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 F.Hoffmann-la Roche
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Sanofi
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Dexcom Inc
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 Novo Nordisk
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 Insulet Corporation
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Ascensia Diabetes Care
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 Ypsomed Holdings
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Nova Biomedical.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Blood Glucose Monitoring System Market attractiveness, By Product
  • 6. Global Blood Glucose Monitoring System Market attractiveness, By Testing Site:
  • 7. Global Blood Glucose Monitoring System Market attractiveness, By Indication
  • 8. Global Blood Glucose Monitoring System Market attractiveness, By End-User
  • 9. Global Blood Glucose Monitoring System Market share by Product, 2022 and 2028 (USD Billion)
  • 10. Global Blood Glucose Monitoring System Market by Self-monitoring system, 2022 - 2028 (USD Billion)
  • 11. Global Blood Glucose Monitoring System Market by Continuous glucose monitoring system, 2022 - 2028 (USD Billion)
  • 12. Global Blood Glucose Monitoring System Market share by Testing Site:, 2022 and 2028 (USD Billion)
  • 13. Global Blood Glucose Monitoring System Market by Fingertip testing, 2022 - 2028 (USD Billion)
  • 14. Global Blood Glucose Monitoring System Market by Alternate site testing, 2022 - 2028 (USD Billion)
  • 15. Global Blood Glucose Monitoring System Market share by Indication, 2022 and 2028 (USD Billion)
  • 16. Global Blood Glucose Monitoring System Market by Type-I diabetes, 2022 - 2028 (USD Billion)
  • 17. Global Blood Glucose Monitoring System Market by Type-II diabetes, 2022 - 2028 (USD Billion)
  • 18. Global Blood Glucose Monitoring System Market by Others, 2022 - 2028 (USD Billion)
  • 19. Global Blood Glucose Monitoring System Market share by End-User, 2022 and 2028 (USD Billion)
  • 20. Global Blood Glucose Monitoring System Market by Hospitals, 2022 - 2028 (USD Billion)
  • 21. Global Blood Glucose Monitoring System Market by Clinics, 2022 - 2028 (USD Billion)
  • 22. Global Blood Glucose Monitoring System Market by Homecare, 2022 - 2028 (USD Billion)
  • 23. Global Blood Glucose Monitoring System Market share, by Region, 2022 and 2028
  • 24. North America Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
  • 25. Europe Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
  • 26. Asia Pacific Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
  • 27. Latin America Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)
  • 28. The Middle-East and Africa Blood Glucose Monitoring System Market, 2022 - 2028 (USD Billion)

Table Of Tables

  • 1. Global Blood Glucose Monitoring System Market: Snapshot
  • 2. Drivers of the Blood Glucose Monitoring System Market: impact analysis
  • 3. North America Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 4. North America Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 5. North America Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 6. North America Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 7. U.S. Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 8. U.S. Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 9. U.S. Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 10. U.S. Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 11. Canada Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 12. Canada Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 13. Canada Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 14. Canada Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 15. Europe Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 16. Europe Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 17. Europe Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 18. Europe Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 19. Germany Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 20. Germany Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 21. Germany Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 22. Germany Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 23. France Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 24. France Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 25. France Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 26. France Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 27. U.K. Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 28. U.K. Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 29. U.K. Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 30. U.K. Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 31. Italy Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 32. Italy Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 33. Italy Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 34. Italy Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 35. Spain Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 36. Spain Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 37. Spain Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 38. Spain Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 39. Rest of Europe Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 40. Rest of Europe Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 41. Rest of Europe Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 42. Rest of Europe Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 43. Asia Pacific Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 44. Asia Pacific Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 45. Asia Pacific Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 46. Asia Pacific Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 47. China Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 48. China Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 49. China Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 50. China Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 51. Japan Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 52. Japan Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 53. Japan Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 54. Japan Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 55. India Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 56. India Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 57. India Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 58. India Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 59. South Korea Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 60. South Korea Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 61. South Korea Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 62. South Korea Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 63. South-East Asia Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 64. South-East Asia Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 65. South-East Asia Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 66. South-East Asia Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 67. Rest of Asia Pacific Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 68. Rest of Asia Pacific Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 69. Rest of Asia Pacific Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 70. Rest of Asia Pacific Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 71. Latin America Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 72. Latin America Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 73. Latin America Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 74. Latin America Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 75. Brazil Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 76. Brazil Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 77. Brazil Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 78. Brazil Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 79. Mexico Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 80. Mexico Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 81. Mexico Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 82. Mexico Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 83. Rest of Latin America Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 84. Rest of Latin America Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 85. Rest of Latin America Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 86. Rest of Latin America Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 87. The Middle-East and Africa Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 88. The Middle-East and Africa Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 89. The Middle-East and Africa Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 90. The Middle-East and Africa Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 91. GCC Countries Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 92. GCC Countries Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 93. GCC Countries Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 94. GCC Countries Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 95. South Africa Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 96. South Africa Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 97. South Africa Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 98. South Africa Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)
  • 99. Rest of Middle-East Africa Blood Glucose Monitoring System Market revenue, By Product, 2022 - 2028 (USD Billion)
  • 100. Rest of Middle-East Africa Blood Glucose Monitoring System Market revenue, By Testing Site:, 2022 - 2028 (USD Billion)
  • 101. Rest of Middle-East Africa Blood Glucose Monitoring System Market revenue, By Indication, 2022 - 2028 (USD Billion)
  • 102. Rest of Middle-East Africa Blood Glucose Monitoring System Market revenue, By End-User, 2022 - 2028 (USD Billion)

Methodology

Free Analysis

Blood glucose monitoring devices are used to detect the glucose level in the blood. Glucose is a type of sugar present at a certain level in a human body. When this glucose level drops, a person suffers from diabetes. Blood glucose monitoring devices are used to monitor the glucose levels of diabetic patients.

The occurrence of diabetes is increasing at an exponential pace worldwide and has become one of the serious health concerns. WHO (World Health Organization) declared it a global epidemic due to its rapidly increasing prevalence. Approximately 30.3 million, i.e., 9.4% of the U.S. population is suffering from diabetes. The global incidence of diabetes has risen from 4.7% to 8.5%, i.e., doubled since the 1980s in adults. Increased prevalence of diabetes is mainly driving the growth of the blood glucose monitoring system market. Additionally, the increase in adoption of sugar surveillance system, increase in adoption of minimally invasive techniques, growing the aging population, technological advancements in the blood glucose monitoring systems, and rising awareness about the use of these systems in developing regions is anticipated to fuel the growth of the global blood glucose monitoring system market.  

Global Blood Glucose Monitoring System Market

The blood glucose monitoring system market is segmented on the basis of product type, testing site, indication, and end-user. Based on product type, the market for the blood glucose monitoring system is further segmented into self-monitoring devices and continuous glucose monitoring devices. Self-monitoring devices segment is further sub-segmented into blood glucose meters, lancets & lancets devices, and testing strips. The self-monitoring devices segment is dominating the global market for blood glucose monitoring system, owing to the rapid product development. On the basis of testing site, this market is further segmented into fingertip testing and alternate testing site. Fingertip testing is anticipated to dominate the market due to its accuracy. Based on the indication, the blood glucose monitoring system market is segmented into type-I diabetes, type-II diabetes, and gestational diabetes. Type-I and type-II diabetes are further sub-segmented into adult and pediatrics. Type-II diabetes segment is anticipated to dominate the application segment of blood glucose monitoring devices, due to the increase in the prevalence of this diabetes type. The end-user segment includes hospitals, clinics, and homecare. Homecare segment is anticipated to dominate the market.

North America is anticipated to dominate the market in the forecast period, due to rise in the initiatives undertaken by the government for prevention and treatment of diabetes with the help of leading players of the region, the rapid use of well-developed technology, and increase in R&D activities. The Asia Pacific is expected to show the highest growth due to an increase in the population suffering from diabetes. The increase in the aging population, lifestyle-associated changes, rising awareness regarding diabetes, and rapid urbanization are some of the factors fueling the growth of the blood glucose monitoring system market in the Asia Pacific region.

The key players operating in the global blood glucose monitoring system market are Abbott Laboratories, Novo Nordisk A/S, Hoffmann-La Roche Ltd., Sanofi, Medtronic, Nova Biomedical, B. Braun Melsungen, Terumo Corporation, ARKRAY Inc., and Becton, Dickinson, and Company. These companies focus on developing new technologies and getting it FDA approved so that they can launch it. For instance, in 2018, Medtronic received approval from FDA for smart continuous glucose monitor. In 2017, Abbott received approval from FDA for the first continuous glucose monitoring system that does not require blood sample calibration.

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FrequentlyAsked Questions

The number of patients worldwide suffering from type 1 and type 2 diabetes has grown exponentially over the last couple of years. This rising insulin dependency is expected to propel the global market towards growth in the forecast period. The presence of multiple manufacturers of blood glucose monitoring systems offering technically advanced devices at favorable prices is anticipated to contribute to the global market growth during the forecast period. The developed economies having state-of-the-art medical facilities are expected to fuel the global market.

According to Zion Market Research, the global blood glucose monitoring system was at a net worth of $14.79B in 2021 and is projected to grow at a CAGR of 10.12% between 2022-2028 & reach a market value of $31.5B during the forecast period

North America was attributed with the highest global blood glucose monitoring system market in 2021 owing to a 35.5% share of the global revenue. It is expected to follow the growing trend during the forecast period. North America is followed by Europe owing to the awareness and proactive approach of their population in diagnosing and managing diabetes Asia-Pacific is anticipated to register a higher CAGR during the forecast period because of rising acceptance of BGM devices and growing standard of living. The Middle East, Latin America & Africa are expected to show steady growth majorly because of a lack of awareness amongst the population about proper diabetes management.

The global blood glucose monitoring system market is dominated by leaders like Glysens Incorporated, Lifescan IP Holdings, Senseonics, Prodigy Diabetes Care, B. Braun Melsungen AG, Terumo Corporation, ACON Laboratories,  Medtronic, F.Hoffmann-la Roche, Sanofi, Dexcom Inc, Novo Nordisk, Insulet Corporation, Ascensia Diabetes Care, Ypsomed Holdings, Nova Biomedical.

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