Glucose Monitoring Devices Market (Covid-19) Impact and Analysis by 2027 | F. Hoffmann-La Roche Ltd., B. Braun Melsungen AG, Medtronic, Abbott, LifeScan, Inc., Ascensia Diabetes Care Holdings AG, Ypsomed AG, Omron Corporation, GE Healthcare and Nipro Corp

The Insight Partners analysts forecasts the latest report on “Glucose Monitoring Devices Market (Covid-19) Impact and Analysis by 2027”, according to report; The Glucose Monitoring Devices Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Glucose Monitoring Devices Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Glucose Monitoring Devices Market.

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The glucose monitoring devices market accounted to US$ 12,628.3 Mn in 2018 and is expected to grow at a CAGR of 6.4% during the forecast period 2019 - 2027, to account to US$ 21,850.9 Mn by 2027.

Some of the Major Market Players Are:

F. Hoffmann-La Roche Ltd.
B. Braun Melsungen AG
Medtronic
Abbott
LifeScan, Inc.
Ascensia Diabetes Care Holdings AG
Ypsomed AG
Omron Corporation
GE Healthcare
Nipro Corporation

Market Insights

Increasing Prevalence of Obesity Across The Countries

Obesity, sedentary lifestyle and improper diet play a major role in increasing diabetes among the population worldwide. Physical activity is important to maintain the blood glucose level. Lack of exercise and unhealthy diet such as diet high in fat and calories increase the risk for the development of obesity and diabetes. Obesity is one of the major problem and the biggest concern in all the communities across the globe. Currently, more than one in two adults and nearly one in six children are obese. Obesity is one of the major issue affect people of all ages and incomes globally. According to World Health Organization (WHO), in 2016, more than 1.9 billion adults aged 18 years and older were overweight. And out of these over 650 million adults were obese. Therefore, owing to the above mentioned factors the market is likely to fuel its growth during the forecast period.

Growing Medical Tourism In Developing Countries
The emerging markets in the developing countries are the major factor which are giving better opportunity for the major players to expand their business. These are becoming a major reason for the market growth in the forecast period. Most of the market players focus on emerging market such as Asia Pacific due to an increase in the prevalence of diabetes and increasing popularity of glucose monitoring devices in the region. In India, medical science has growing rapidly as well as big steps forward in past few decades. In India the diabetes treatment has become so popular and common that people from other countries are coming here to get themselves treated. The most possibly and compelling reason of this might be the excessively high expenses for health care causes in their own country. Health travelers who visit developing countries for medical reasons save 65% to 80% on health cost compared to the cost in the US. Thus, the factors are likely to create growth opportunities for the growth of the market in coming years.

Product Insights

The global glucose monitoring devices market by product segments was led by testing strips segment. In 2018, the testing strips segment held a largest market share of 35.9% of the glucose monitoring devices market, by product. The testing strips segments is also expected to be the fastest growing segments the market in 2027 owing to the rising number of blood glucose monitoring tests, presence of the various market players that are offering various consumables and rise in the technological advancements are likely to propel the growth of the market during the forecast period.

Strategic Insights

Product launches and up gradation were observed as the most adopted strategy in global glucose monitoring devices industry. For instance, In February, 2017, Roche and Medtronic entered into an agreement to develop a next-gen BG meter that will intertwine glucose monitoring technology into a future Medtronic pump system. This agreement is expected to enhance the growth of Medtronic in glucose monitoring market. Thus, such development is likely to boost up the growth of its own and is likely to contribute to the market in the coming future.

GLUCOSE MONITORING DEVICES - MARKET SEGMENTATION

Global Glucose Monitoring Devices Market - By Product

• Glucometers
• Lancets
• Testing Strips
• Other Glucose Monitoring Devices

Global Glucose Monitoring Devices Market - By End User

• Hospitals & Clinics
• Homecare

The report analyses factors affecting the Glucose Monitoring Devices Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Glucose Monitoring Devices Market in these regions.

Moreover, the report entails the estimate and analysis for the Glucose Monitoring Devices Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Glucose Monitoring Devices Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Glucose Monitoring Devices Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Glucose Monitoring Devices Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Glucose Monitoring Devices Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Glucose Monitoring Devices Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Glucose Monitoring Devices market
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Glucose Monitoring Devices market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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