Blood Glucose Monitoring Systems Market
PUBLISHED: 2020 ID: SMRC19578
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Blood Glucose Monitoring Systems Market

Blood Glucose Monitoring Systems - Global Market Outlook (2019-2027)

4.2 (55 reviews)
4.2 (55 reviews)
Published: 2020 ID: SMRC19578

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Blood Glucose Monitoring Systems Market is accounted for $9.45 billion in 2019 and is expected to reach $15.41 billion by 2027 growing at a CAGR of 6.3% during the forecast period. Increasing number of product launches and increasing prevalence of diabetes are the major factors propelling the market growth. However, factors such as strict regulations and decreased lab investments are hampering the market growth.

Blood glucose monitoring systems are diagnostics systems that are very essential for the care and treatment of diabetes, it is used to measure and monitor the levels of blood sugar in the patients. The significance of blood glucose monitoring system’s command is very high, with the growing prevalence of diabetes and diabetic population across the regions. These systems usually take blood samples, but with rising innovation and advancements in technology, even blood testing is considered traditional and sensors are deployed for continuous monitoring.

Based on the patient care setting, the self/home care segment is going to have a huge demand owing to rising diabetic population, and increasing consciousness about regular monitoring of glucose levels and increasing product launches enhancing patient comfort when used at home. By geography, North America is estimated to have a lucrative growth in the forecast period. The growth is mainly attributed by growing prevalence of diabetes in the US and Canada, favorable reimbursements, awareness programs.

Some of the key players profiled in the Blood Glucose Monitoring Systems Market include Abbott, Ascensia Diabetes Care Holdings AG, Braun Melsungen AG, Dexcom, Inc., DiamonTech GmbH, Hoffmann-La Roche Ltd., Lifescan Inc., Medtronic, Terumo Medical Corporation, Ypsomed, Nipro, Sanofi, Arkray, Acon Laboratories and Prodigy Diabetes Care.

Types Covered:
• Non-Invasive
• Invasive

Modalities Covered:
• Non- Wearable
• Wearable  

Distribution Channels Covered:
• Retail Sales
• Institutional Sales

Devices Covered:
• Self-monitoring of Blood Glucose Monitoring Systems
• Continuous Blood Glucose Monitoring Systems

Testing Sites Covered:
• Alternate Site Testing
• Fingertip testing

Patient Care Settings Covered:
• Hospital & Clinics
• Self/Home Care

Applications Covered:
• Gestational Diabetes
• Diabetes

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

Table of Contents

1 Executive Summary           
             
2 Preface   
         
 2.1 Abstract           
 2.2 Stake Holders          
 2.3 Research Scope          
 2.4 Research Methodology         
  2.4.1 Data Mining         
  2.4.2 Data Analysis         
  2.4.3 Data Validation         
  2.4.4 Research Approach         
 2.5 Research Sources          
  2.5.1 Primary Research Sources        
  2.5.2 Secondary Research Sources        
  2.5.3 Assumptions         
             
3 Market Trend Analysis       
   
 3.1 Introduction          
 3.2 Drivers           
 3.3 Restraints          
 3.4 Opportunities          
 3.5 Threats           
 3.6 Application Analysis         
 3.7 Emerging Markets          
 3.8 Impact of Covid-19          
             
4 Porters Five Force Analysis          
 4.1 Bargaining power of suppliers         
 4.2 Bargaining power of buyers         
 4.3 Threat of substitutes         
 4.4 Threat of new entrants         
 4.5 Competitive rivalry          
             
5 Global Blood Glucose Monitoring Systems Market, By Type       
 5.1 Introduction          
 5.2 Non-Invasive          
 5.3 Invasive           
             
6 Global Blood Glucose Monitoring Systems Market, By Modality      
 6.1 Introduction          
 6.2 Non- Wearable          
 6.3 Wearable          
             
7 Global Blood Glucose Monitoring Systems Market, By Distribution Channel     
 7.1 Introduction          
 7.2 Retail Sales          
 7.3 Institutional Sales          
             
8 Global Blood Glucose Monitoring Systems Market, By Device       
 8.1 Introduction          
 8.2 Self-monitoring of Blood Glucose Monitoring Systems      
  8.2.1 Blood Glucose meters        
  8.2.2 Lancets & Lancing Devices        
  8.2.3 Testing strips         
 8.3 Continuous Blood Glucose Monitoring Systems       
  8.3.1 Receivers         
  8.3.2 Sensors          
  8.3.3 Transmitters         
             
9 Global Blood Glucose Monitoring Systems Market, By Testing Site      
 9.1 Introduction          
 9.2 Alternate Site Testing         
 9.3 Fingertip testing          
             
10 Global Blood Glucose Monitoring Systems Market, By Patient Care Setting     
 10.1 Introduction           
 10.2 Hospital & Clinics          
 10.3 Self/Home Care          
             
11 Global Blood Glucose Monitoring Systems Market, By Application      
 11.1 Introduction          
 11.2 Gestational Diabetes         
 11.3 Diabetes           
  11.3.1 Type 1 Diabetes         
  11.3.2 Type 2 Diabetes         
             
12 Global Blood Glucose Monitoring Systems Market, By Geography      
 12.1 Introduction          
 12.2 North America          
  12.2.1 US          
  12.2.2 Canada          
  12.2.3 Mexico          
 12.3 Europe           
  12.3.1 Germany          
  12.3.2 UK          
  12.3.3 Italy          
  12.3.4 France          
  12.3.5 Spain          
  12.3.6 Rest of Europe         
 12.4 Asia Pacific           
  12.4.1 Japan          
  12.4.2 China          
  12.4.3 India          
  12.4.4 Australia          
  12.4.5 New Zealand         
  12.4.6 South Korea         
  12.4.7 Rest of Asia Pacific         
 12.5 South America          
  12.5.1 Argentina         
  12.5.2 Brazil          
  12.5.3 Chile          
  12.5.4 Rest of South America        
 12.6 Middle East & Africa         
  12.6.1 Saudi Arabia         
  12.6.2 UAE          
  12.6.3 Qatar          
  12.6.4 South Africa          
  12.6.5 Rest of Middle East & Africa        
             
13 Key Developments           
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures      
 13.2 Acquisitions & Mergers         
 13.3 New Product Launch         
 13.4 Expansions          
 13.5 Other Key Strategies         
             
14 Company Profiling           
 14.1 Abbott           
 14.2 Ascensia Diabetes Care Holdings AG        
 14.3 Braun Melsungen AG         
 14.4 Dexcom, Inc.          
 14.5 DiamonTech GmbH          
 14.6 Hoffmann-La Roche Ltd.         
 14.7 Lifescan Inc.          
 14.8 Medtronic          
 14.9 Terumo Medical Corporation         
 14.10 Ypsomed           
 14.11 Nipro           
 14.12 Sanofi           
 14.13 Arkray            
 14.14 Acon Laboratories          
 14.15 Prodigy Diabetes Care         


List of Tables            
1 Global Blood Glucose Monitoring Systems Market Outlook, By Region (2018-2027) ($MN)    
2 Global Blood Glucose Monitoring Systems Market Outlook, By Type (2018-2027) ($MN)    
3 Global Blood Glucose Monitoring Systems Market Outlook, By Non-Invasive (2018-2027) ($MN)   
4 Global Blood Glucose Monitoring Systems Market Outlook, By Invasive (2018-2027) ($MN)    
5 Global Blood Glucose Monitoring Systems Market Outlook, By Modality (2018-2027) ($MN)    
6 Global Blood Glucose Monitoring Systems Market Outlook, By Non- Wearable (2018-2027) ($MN)   
7 Global Blood Glucose Monitoring Systems Market Outlook, By Wearable (2018-2027) ($MN)    
8 Global Blood Glucose Monitoring Systems Market Outlook, By Distribution Channel (2018-2027) ($MN)   
9 Global Blood Glucose Monitoring Systems Market Outlook, By Retail Sales (2018-2027) ($MN)    
10 Global Blood Glucose Monitoring Systems Market Outlook, By Institutional Sales (2018-2027) ($MN)   
11 Global Blood Glucose Monitoring Systems Market Outlook, By Device (2018-2027) ($MN)    
12 Global Blood Glucose Monitoring Systems Market Outlook, By Self-monitoring of Blood Glucose Monitoring Systems (2018-2027) ($MN)
13 Global Blood Glucose Monitoring Systems Market Outlook, By Blood Glucose meters (2018-2027) ($MN)   
14 Global Blood Glucose Monitoring Systems Market Outlook, By Lancets & Lancing Devices (2018-2027) ($MN)  
15 Global Blood Glucose Monitoring Systems Market Outlook, By Testing strips (2018-2027) ($MN)   
16 Global Blood Glucose Monitoring Systems Market Outlook, By Continuous Blood Glucose Monitoring Systems (2018-2027) ($MN)
17 Global Blood Glucose Monitoring Systems Market Outlook, By Receivers (2018-2027) ($MN)    
18 Global Blood Glucose Monitoring Systems Market Outlook, By Sensors (2018-2027) ($MN)    
19 Global Blood Glucose Monitoring Systems Market Outlook, By Transmitters (2018-2027) ($MN)   
20 Global Blood Glucose Monitoring Systems Market Outlook, By Testing Site (2018-2027) ($MN)    
21 Global Blood Glucose Monitoring Systems Market Outlook, By Alternate Site Testing (2018-2027) ($MN)   
22 Global Blood Glucose Monitoring Systems Market Outlook, By Fingertip testing (2018-2027) ($MN)   
23 Global Blood Glucose Monitoring Systems Market Outlook, By Patient Care Setting (2018-2027) ($MN)   
24 Global Blood Glucose Monitoring Systems Market Outlook, By Hospital & Clinics (2018-2027) ($MN)   
25 Global Blood Glucose Monitoring Systems Market Outlook, By Self/Home Care (2018-2027) ($MN)   
26 Global Blood Glucose Monitoring Systems Market Outlook, By Application (2018-2027) ($MN)    
27 Global Blood Glucose Monitoring Systems Market Outlook, By Gestational Diabetes (2018-2027) ($MN)   
28 Global Blood Glucose Monitoring Systems Market Outlook, By Diabetes (2018-2027) ($MN)    
29 Global Blood Glucose Monitoring Systems Market Outlook, By Type 1 Diabetes (2018-2027) ($MN)   
30 Global Blood Glucose Monitoring Systems Market Outlook, By Type 2 Diabetes (2018-2027) ($MN)   
             
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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