Technavio has been monitoring the blood glucose monitoring device market and it is poised to grow by USD 15.60 billion during 2020-2024, progressing at a CAGR of almost 12% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Blood Glucose Monitoring Devices Market 2020-2024. (Graphic: Business Wire)
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Frequently Asked Questions-
- What are the major trends in the market?
- Technological advances in BGM devices is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 12%, the incremental growth of the market is anticipated to be USD 15.60 billion.
- Who are the top players in the market?
- Abbott Laboratories, Agamatrix Inc., ARKRAY Inc., Ascensia Diabetes Care Holdings AG, Dexcom Inc., F. Hoffmann-La Roche Ltd., Johnson Johnson, Medtronic Plc, Sanofi, and Terumo Medical Corp. are some of the major market participants.
- What are the key market drivers and challenges?
- Growing prevalence of diabetes in the world is one of the major factors driving the market. However, the high cost of BGM devices restraints the market growth.
- How big is the North America market?
- The North America region will contribute 38% of market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Agamatrix Inc., ARKRAY Inc., Ascensia Diabetes Care Holdings AG, Dexcom Inc., F. Hoffmann-La Roche Ltd., Johnson Johnson, Medtronic Plc, Sanofi, and Terumo Medical Corp. are some of the major market participants. The growing prevalence of diabetes in the world will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Blood Glucose Monitoring Device Market 2020-2024: Segmentation
Blood glucose monitoring device market is segmented as below:
- Product
- SMBG
- CGM
- Lancets
- Geography
- North America
- Europe
- Asia
- ROW
- End-user
- Hospitals and Diagnostic Laboratories
- POL
- Home-care Settings
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Blood Glucose Monitoring Device Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The blood glucose monitoring device market report covers the following areas:
- Blood Glucose Monitoring Device Market Size
- Blood Glucose Monitoring Device Market Trends
- Blood Glucose Monitoring Device Market Analysis
This study identifies technological advances in BGM devices as one of the prime reasons driving the Blood glucose monitoring device market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Blood glucose monitoring device market2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist blood glucose monitoring device market growth during the next five years
- Estimation of the blood glucose monitoring device market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the blood glucose monitoring devices market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of blood glucose monitoring device market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- SMBG Market size and forecast 2019-2024
- CGM Market size and forecast 2019-2024
- Lancets Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Hospitals and diagnostic laboratories
- POL
- Home care settings
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America Market size and forecast 2019-2024
- Europe Market size and forecast 2019-2024
- Asia Market size and forecast 2019-2024
- ROW Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Abbott Laboratories
- Agamatrix Inc.
- ARKRAY Inc.
- Ascensia Diabetes Care Holdings AG
- Dexcom Inc.
- F. Hoffmann-La Roche Ltd.
- Johnson Johnson
- Medtronic Plc
- Sanofi
- Terumo Medical Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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