Global Smart Glucose Meter Market Expanding at 7.5% CAGR by 2028

Date: February 09, 2023

Global Smart Glucose Meter Market Expanding at 7.5% CAGR by 2028

In a recent report titled the ‘Global Smart Glucose Meter Market’ by MarketStudyReport, global smart glucose meter market is anticipated to expand at a CAGR of 7.5% during the forecast period to accrue noteworthy returns by the year 2028.

Report findings suggest that global smart glucose meter market growth is attributed to soaring cases of diabetes, as well as increasing number of self-monitoring blood sugar users because of rising awareness among consumers.

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Based on product type, the industry is split into continuous glucose monitoring (CGM) systems and self-monitoring blood glucose (SMBG) systems. Among these, the CGM segment is anticipated to experience a significant growth rate throughout the projection period, while SMBG segment is projected to hold a considerable market share.

In terms of application, the market is divided into gestational diabetes, type-1 diabetes, and type 2 diabetes. Among these, the type-2 diabetes segment is slated to witness colossal growth in the coming years, owing to the growing obesity issue.

On the basis of distributional channel, the industry is bifurcated into offline (hospital pharmacies, retail pharmacies, institutional sales), and online. Out of which, the offline segment is anticipated to have a sizeable market share, while the online segment is expected to expand significantly over the course of the projection period.

Speaking of end-use, worldwide smart glucose meter market is branched into diagnostic center, home care, hospitals, and others. In which, the hospitals segment is slated to grow substantially in the coming years.

Regionally, the latest trends are studied across Middle East & Africa (Turkey, South Africa, GCC, Rest of MEA), Latin America (Brazil, Mexico, Rest of Latin America), Asia Pacific (ASEAN, Australia, South Korea, India, Japan, China, Rest of APAC), Eastern Europe (Poland, Russia, rest of Eastern Europe), Western Europe (France, UK, Germany, Spain, Nordic, Benelux, Italy, rest of Western Europe) and North America (U.S. and Canada). Among these, North America region is poised to grow tremendously over the forecast duration.

Coming to the competitive landscape, B Braun Melsungen AG, Eli Lilly and Company, Sanofi S.A., DexCom, Inc., LifeScan IP Holdings, LLC, Bayer AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Medtronic plc, and Novo Nordisk A/S are the leading players in global smart glucose meter industry.

Questions And Answers: Global Smart Glucose Meter Market

Q1. What are the growth determinants for global smart glucose meter market?

Answer: Global smart glucose meter market growth is attributed to soaring cases of diabetes, as well as increasing number of self-monitoring blood sugar users because of rising awareness among consumers.

Q2. Which application category is slated to contribute significantly to worldwide smart glucose meter market earnings?

Answer: The type-2 diabetes segment of worldwide smart glucose meter industry is poised to grow significantly over the forecast duration, owing to the rising cases of obesity.

Q3. Which are the key players in global smart glucose meter market?

Answer: B Braun Melsungen AG, Eli Lilly and Company, Sanofi S.A., DexCom, Inc., LifeScan IP Holdings, LLC, Bayer AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Medtronic plc, and Novo Nordisk A/S are the leading players in global smart glucose meter market.

For more details on this report: https://www.marketstudyreport.com/reports/global-smart-glucose-meter-market-investment-growth-opportunity-analysis-2019-2028/

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