The global Self-monitoring Blood Glucose Devices market size was valued at US$ 8709.8 million in 2023. With growing demand in downstream market, the Self-monitoring Blood Glucose Devices is forecast to a readjusted size of US$ 11100 million by 2030 with a CAGR of 3.5% during review period.
The research report highlights the growth potential of the global Self-monitoring Blood Glucose Devices market. Self-monitoring Blood Glucose Devices are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Self-monitoring Blood Glucose Devices. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Self-monitoring Blood Glucose Devices market.
Self-monitoring of blood glucose (SMBG) is an important component of modern therapy for diabetes mellitus. SMBG has been recommended for people with diabetes and their health care professionals in order to achieve a specific level of glycemic control and to prevent hypoglycemia. The goal of SMBG is to collect detailed information about blood glucose levels at many time points to enable maintenance of a more constant glucose level by more precise regimens. It can be used to aid in the adjustment of a therapeutic regimen in response to blood glucose values and to help individuals adjust their dietary intake, physical activity, and insulin doses to improve glycemic control on a day-to-day basis.
The global market for medical devices is estimated at US$ 603 billion in the year 2023, and will be growing at a CAGR of 5% during next six years. The global healthcare spending contributes to occupy 10% of the global GDP and is continuously rising in recent years due to the increasing health needs of the aging population, the growing prevalence of chronic and infectious diseases and the expansion of emerging markets. The medical devices market plays a significant role in the healthcare industry. The market is driven by several factors, including the increasing demand for advanced healthcare services globally, advancements in medical technology, growing geriatric population, rising healthcare expenditure, and increasing awareness about early disease diagnosis and treatment.
Key Features:
The report on Self-monitoring Blood Glucose Devices market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Self-monitoring Blood Glucose Devices market. It may include historical data, market segmentation by Type (e.g., Strips, Glucose Meter), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Self-monitoring Blood Glucose Devices market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Self-monitoring Blood Glucose Devices market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Self-monitoring Blood Glucose Devices industry. This include advancements in Self-monitoring Blood Glucose Devices technology, Self-monitoring Blood Glucose Devices new entrants, Self-monitoring Blood Glucose Devices new investment, and other innovations that are shaping the future of Self-monitoring Blood Glucose Devices.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Self-monitoring Blood Glucose Devices market. It includes factors influencing customer ' purchasing decisions, preferences for Self-monitoring Blood Glucose Devices product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Self-monitoring Blood Glucose Devices market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Self-monitoring Blood Glucose Devices market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Self-monitoring Blood Glucose Devices market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Self-monitoring Blood Glucose Devices industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Self-monitoring Blood Glucose Devices market.
Market Segmentation:
Self-monitoring Blood Glucose Devices market is split by Type and by SaleChannel. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by SaleChannel in terms of volume and value.
Segmentation by type
Strips
Glucose Meter
Lancet
Other
Segmentation by salechannel
Public Hospital
Private Hospital
Clinics
Pharmacy Shops
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Roche Roche Diagnostics
Lifescan
Abbott Laboratories
Terumo
Ascensia (Bayer)
Key Questions Addressed in this Report
What is the 10-year outlook for the global Self-monitoring Blood Glucose Devices market?
What factors are driving Self-monitoring Blood Glucose Devices market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Self-monitoring Blood Glucose Devices market opportunities vary by end market size?
How does Self-monitoring Blood Glucose Devices break out type, salechannel?
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1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Self-monitoring Blood Glucose Devices Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Self-monitoring Blood Glucose Devices by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Self-monitoring Blood Glucose Devices by Country/Region, 2019, 2023 & 2030
2.2 Self-monitoring Blood Glucose Devices Segment by Type
2.2.1 Strips
2.2.2 Glucose Meter
2.2.3 Lancet
2.2.4 Other
2.3 Self-monitoring Blood Glucose Devices Sales by Type
2.3.1 Global Self-monitoring Blood Glucose Devices Sales Market Share by Type (2019-2024)
2.3.2 Global Self-monitoring Blood Glucose Devices Revenue and Market Share by Type (2019-2024)
2.3.3 Global Self-monitoring Blood Glucose Devices Sale Price by Type (2019-2024)
2.4 Self-monitoring Blood Glucose Devices Segment by SaleChannel
2.4.1 Public Hospital
2.4.2 Private Hospital
2.4.3 Clinics
2.4.4 Pharmacy Shops
2.5 Self-monitoring Blood Glucose Devices Sales by SaleChannel
2.5.1 Global Self-monitoring Blood Glucose Devices Sale Market Share by SaleChannel (2019-2024)
2.5.2 Global Self-monitoring Blood Glucose Devices Revenue and Market Share by SaleChannel (2019-2024)
2.5.3 Global Self-monitoring Blood Glucose Devices Sale Price by SaleChannel (2019-2024)
3 Global Self-monitoring Blood Glucose Devices by Company
3.1 Global Self-monitoring Blood Glucose Devices Breakdown Data by Company
3.1.1 Global Self-monitoring Blood Glucose Devices Annual Sales by Company (2019-2024)
3.1.2 Global Self-monitoring Blood Glucose Devices Sales Market Share by Company (2019-2024)
3.2 Global Self-monitoring Blood Glucose Devices Annual Revenue by Company (2019-2024)
3.2.1 Global Self-monitoring Blood Glucose Devices Revenue by Company (2019-2024)
3.2.2 Global Self-monitoring Blood Glucose Devices Revenue Market Share by Company (2019-2024)
3.3 Global Self-monitoring Blood Glucose Devices Sale Price by Company
3.4 Key Manufacturers Self-monitoring Blood Glucose Devices Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Self-monitoring Blood Glucose Devices Product Location Distribution
3.4.2 Players Self-monitoring Blood Glucose Devices Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Self-monitoring Blood Glucose Devices by Geographic Region
4.1 World Historic Self-monitoring Blood Glucose Devices Market Size by Geographic Region (2019-2024)
4.1.1 Global Self-monitoring Blood Glucose Devices Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Self-monitoring Blood Glucose Devices Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Self-monitoring Blood Glucose Devices Market Size by Country/Region (2019-2024)
4.2.1 Global Self-monitoring Blood Glucose Devices Annual Sales by Country/Region (2019-2024)
4.2.2 Global Self-monitoring Blood Glucose Devices Annual Revenue by Country/Region (2019-2024)
4.3 Americas Self-monitoring Blood Glucose Devices Sales Growth
4.4 APAC Self-monitoring Blood Glucose Devices Sales Growth
4.5 Europe Self-monitoring Blood Glucose Devices Sales Growth
4.6 Middle East & Africa Self-monitoring Blood Glucose Devices Sales Growth
5 Americas
5.1 Americas Self-monitoring Blood Glucose Devices Sales by Country
5.1.1 Americas Self-monitoring Blood Glucose Devices Sales by Country (2019-2024)
5.1.2 Americas Self-monitoring Blood Glucose Devices Revenue by Country (2019-2024)
5.2 Americas Self-monitoring Blood Glucose Devices Sales by Type
5.3 Americas Self-monitoring Blood Glucose Devices Sales by SaleChannel
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Self-monitoring Blood Glucose Devices Sales by Region
6.1.1 APAC Self-monitoring Blood Glucose Devices Sales by Region (2019-2024)
6.1.2 APAC Self-monitoring Blood Glucose Devices Revenue by Region (2019-2024)
6.2 APAC Self-monitoring Blood Glucose Devices Sales by Type
6.3 APAC Self-monitoring Blood Glucose Devices Sales by SaleChannel
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Self-monitoring Blood Glucose Devices by Country
7.1.1 Europe Self-monitoring Blood Glucose Devices Sales by Country (2019-2024)
7.1.2 Europe Self-monitoring Blood Glucose Devices Revenue by Country (2019-2024)
7.2 Europe Self-monitoring Blood Glucose Devices Sales by Type
7.3 Europe Self-monitoring Blood Glucose Devices Sales by SaleChannel
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Self-monitoring Blood Glucose Devices by Country
8.1.1 Middle East & Africa Self-monitoring Blood Glucose Devices Sales by Country (2019-2024)
8.1.2 Middle East & Africa Self-monitoring Blood Glucose Devices Revenue by Country (2019-2024)
8.2 Middle East & Africa Self-monitoring Blood Glucose Devices Sales by Type
8.3 Middle East & Africa Self-monitoring Blood Glucose Devices Sales by SaleChannel
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Self-monitoring Blood Glucose Devices
10.3 Manufacturing Process Analysis of Self-monitoring Blood Glucose Devices
10.4 Industry Chain Structure of Self-monitoring Blood Glucose Devices
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Self-monitoring Blood Glucose Devices Distributors
11.3 Self-monitoring Blood Glucose Devices Customer
12 World Forecast Review for Self-monitoring Blood Glucose Devices by Geographic Region
12.1 Global Self-monitoring Blood Glucose Devices Market Size Forecast by Region
12.1.1 Global Self-monitoring Blood Glucose Devices Forecast by Region (2025-2030)
12.1.2 Global Self-monitoring Blood Glucose Devices Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Self-monitoring Blood Glucose Devices Forecast by Type
12.7 Global Self-monitoring Blood Glucose Devices Forecast by SaleChannel
13 Key Players Analysis
13.1 Roche Roche Diagnostics
13.1.1 Roche Roche Diagnostics Company Information
13.1.2 Roche Roche Diagnostics Self-monitoring Blood Glucose Devices Product Portfolios and Specifications
13.1.3 Roche Roche Diagnostics Self-monitoring Blood Glucose Devices Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Roche Roche Diagnostics Main Business Overview
13.1.5 Roche Roche Diagnostics Latest Developments
13.2 Lifescan
13.2.1 Lifescan Company Information
13.2.2 Lifescan Self-monitoring Blood Glucose Devices Product Portfolios and Specifications
13.2.3 Lifescan Self-monitoring Blood Glucose Devices Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Lifescan Main Business Overview
13.2.5 Lifescan Latest Developments
13.3 Abbott Laboratories
13.3.1 Abbott Laboratories Company Information
13.3.2 Abbott Laboratories Self-monitoring Blood Glucose Devices Product Portfolios and Specifications
13.3.3 Abbott Laboratories Self-monitoring Blood Glucose Devices Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 Abbott Laboratories Main Business Overview
13.3.5 Abbott Laboratories Latest Developments
13.4 Terumo
13.4.1 Terumo Company Information
13.4.2 Terumo Self-monitoring Blood Glucose Devices Product Portfolios and Specifications
13.4.3 Terumo Self-monitoring Blood Glucose Devices Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Terumo Main Business Overview
13.4.5 Terumo Latest Developments
13.5 Ascensia (Bayer)
13.5.1 Ascensia (Bayer) Company Information
13.5.2 Ascensia (Bayer) Self-monitoring Blood Glucose Devices Product Portfolios and Specifications
13.5.3 Ascensia (Bayer) Self-monitoring Blood Glucose Devices Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Ascensia (Bayer) Main Business Overview
13.5.5 Ascensia (Bayer) Latest Developments
14 Research Findings and Conclusion
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