Optical and Non-Invasive Techniques Form Part of Product Portfolio of Key Companies in Blood Glucose Monitoring Systems Market, Global Valuation to Touch ~US$ 25 Bn by 2027: Transparency Market Research

Optical and Non-Invasive Techniques Form Part of Product Portfolio of Key Companies in Blood Glucose Monitoring Systems Market, Global Valuation to Touch ~US$ 25 Bn by 2027: Transparency Market Research

PR Newswire

ALBANY, N.Y., Nov. 4, 2020

- Technological advancements aim at improving diagnostic techniques and equipment, self-monitoring blood glucose systems held the major market  share in 2018 and is anticipated to maintain its prominence during 2019 – 2027

- High prevalence of diabetes mellitus calls for smart blood glucose monitoring systems to aid treatment in decision-making in patients and for clinicians

ALBANY, N.Y., Nov. 4, 2020 /PRNewswire/ -- Research in next-generation, continuous glucose monitoring among diabetics have been propelling the constant evolution in the blood glucose monitoring systems market. A number of biomarkers of glycemic control have emerged whose monitoring can provide long-term benefits to patients, thereby fueling the adoption of smart glucose monitoring technologies among patient population. Advances in sensors are paving way to new avenues for industry players.

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All these will propel the global blood glucose monitoring systems market to expand at a CAGR of 5.5% from 2019 to 2027.

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Researchers at TMR foresee that developments in optical and non-invasive monitoring techniques will open potential revenue streams for medical device manufacturers in the blood glucose monitoring systems market.

These will focus on unveiling reliable, easy to use, and accurate blood glucose monitoring systems to reduce the disease burden of both Type 1 and type 2 diabetes.

Explore 258 pages of top-notch research, incisive insights, and detailed country-level projections on Blood Glucose Monitoring Systems Market (Product: Self-monitoring Blood Glucose Systems [Blood Glucose Meters, Testing Strips, Lancing Devices, and Lancets] and Continuous Glucose Monitoring Systems [Sensors, Transmitters, and Receivers]; Application: Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes; Testing Site: Fingertip Testing and Alternate Site Testing; and Patient Care Setting: Self/Home Care, Hospitals, and Clinics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/report-toc/76761

Key Findings of Blood Glucose Monitoring Systems Market Report

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Blood Glucose Monitoring Systems Market: Key Driving Factors and Promising Avenues

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Blood Glucose Monitoring Systems Market: Competitive Assessment

The competitive landscape in blood glucose monitoring systems market is shaped by the constant product developments. To this end, numerous players are leaning on partnerships and collaborations, and strengthening their distribution chains to consolidate their geographic footprints in the near future.

Some of the top players are keen on harnessing the potential of mobile apps, especially for use among patients with diabetes mellitus. Aspiring players are incorporating the unveiling of reliable next-generation glucose monitoring systems. Key players are keen on expanding decision support tools for patients by testing novel technologies.

Some of the well-entrenched company names in the blood glucose monitoring systems market are Ascensia Diabetes Care, Abbott Laboratories, Roche Holding AG, AgaMatrix, B.Braun Melsungen AG, and Medtronic.

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Global Blood Glucose Monitoring Systems Market: Segmentation 

Blood Glucose Monitoring Systems Market, by Product

Blood Glucose Monitoring Systems Market, by Application

Blood Glucose Monitoring Systems Market, by Testing Site

Blood Glucose Monitoring Systems Market, by Patient Care Setting

Blood Glucose Monitoring Systems Market, by Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

Insulin Delivery Devices Market: According to the report, the global insulin delivery devices market was valued at US$ 10,385.0 Mn in 2017 and is projected to reach US$ 21,783.3 Mn by 2026, expanding at a high CAGR of 8.7% from 2018 to 2026. Increase in the prevalence rate of diabetes and related diseases across the world is anticipated to fuel the global insulin delivery devices market during the forecast period

Insulin Pumps Market: The global insulin pumps market is anticipated to stretch around a value of US$9.50 bn before the finish of the conjecture time frame, which was assessed in 2016, to be around worth US$4.18 bn. The market is foreseen to thrive at a CAGR of 9.80% inside the forecast period from 2017 to 2025.

Wearable Medical Devices Market: The global wearable medical devices market was valued at approximately US$ 6.8 Bn in 2017 and is anticipated to reach a value of approximately US$ 29.6 Bn by 2026, expanding at a CAGR of 17.7% from 2018 to 2026. The market is driven by the rise in prevalence of chronic pain, increase in diabetic population, increase in the geriatric population, and a surge in the rate of adoption of technologically advanced wearable medical products.

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