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Analysis of Personal use Self monitoring Blood Glucose Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

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The “Personal use Self monitoring Blood Glucose Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Personal use Self monitoring Blood Glucose market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Personal use Self monitoring Blood Glucose market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The personal-use self-monitoring blood glucose (SMBG) market has grown in recent years, due to an increased awareness among diabetes patients. New technological innovations in glucometers and their ease of usage, have made diabetes and pre-diabetes patients more conscientious in monitoring and controlling their blood glucose levels.
  • Currently, the home user market holds the highest market share and is expected to increase. As a result of this, the demand for home usage of self-monitoring blood glucose devices is not only high among diabetes patients, but also among other people who want to know their health situation regularly.
  • One of the fastest-growing chronic diseases in the world is diabetes. Diabetes is a disease that occurs when the glucose levels of the body increase to more than the normal level, and the body is unable to produce insulin. Glucometers are used to monitor glucose levels. The type 1 diabetes population around the world is rising, while witnessing a CAGR of 2.13%. As the diabetic population increases, the self-monitoring blood glucose devices market is also bound to increase.
  • Other factors, such as technological innovations, the convenience of conventional glucose monitoring over regular monitoring, and early detection of hypo- and hyperglycemic diabetes are the primary drivers for market growth.

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    In Personal use Self monitoring Blood Glucose Market Report, Following Companies Are Covered:

  • Abbott Diabetes Care
  • Roche
  • Johnson & Johnson
  • Arkray
  • Ascensia Diabetes Care
  • Agamatrix Inc.
  • Bionime Corporation
  • Acon
  • Trivida
  • Rossmax

    Personal use Self monitoring Blood Glucose Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • The market is segmented by component (glucometer device, blood glucose test strips, lancets), and geography.

    Reasons for Buying Personal use Self monitoring Blood Glucose Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends: – Blood Glucose Test Strips Hold the Highest Market Share

    Blood glucose test strips have the highest market share, with 77%, in the global personal usage market of self-monitoring blood glucose (SMBG) devices. As the blood glucose test strips are only for one-time use, the expenditure spent on test strips is high because of the need for their continuous replacement.
    The glucometer is considered to be a one-time purchase. Test strips, on the other hand, are supposed to be a continuous investment, as a test strip needs to be disposed of after one use. Thus, this presents a considerable cost impact to the consumers.
    Overall, the global demand for blood glucose test strips is projected to witness significant growth over the forecast period. The growth of the market studied is expected to be spurred by the rising global diabetic population.
    The growth in market volumes and share of the test strip segment is expected to be better than that of glucometers, because of the difference in use-case frequency. While an average glucose meter lasts anywhere between six months and three years, presenting a one-time cost, during the same time frame, the corresponding use of multiple (in the range of thousands) test strips may occur, causing a recurrent cost impact.

    North America has the Highest Market Share, with a 21.63% CAGR

    The North America test strips market has the highest market share, with a revenue of USD 2 billion, followed by Europe and Asia-Pacific.
    The United States alone has around 80% share in the North America blood glucose test strips market.
    The price policies and favorable reimbursement policies in North America are driving the growth of the North America personal-use glucometer device market.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Personal use Self monitoring Blood Glucose create from those of established entities?

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    Detailed TOC of Personal use Self monitoring Blood Glucose Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Drivers
    4.3 Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Usage
    5.1.1 Personal-use Self-monitoring Blood Glucose Devices (Value and Volume, 2012 – 2024)
    5.2 By Component
    5.2.1 Glucometer Devices
    5.2.2 Test Strips
    5.2.3 Lancets
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States (Value and Volume, 2012 – 2024)
    5.3.1.1.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.1.2 Canada (Value and Volume, 2012 – 2024)
    5.3.1.2.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.1.3 Rest of North America (Value and Volume, 2012 – 2024)
    5.3.1.3.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2 Europe
    5.3.2.1 France (Value and Volume, 2012 – 2024)
    5.3.2.1.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2.2 Germany (Value and Volume, 2012 – 2024)
    5.3.2.2.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2.3 Italy (Value and Volume, 2012 – 2024)
    5.3.2.3.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2.4 Spain (Value and Volume, 2012 – 2024)
    5.3.2.4.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2.5 United Kingdom (Value and Volume, 2012 – 2024)
    5.3.2.5.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2.6 Russia (Value and Volume, 2012 – 2024)
    5.3.2.6.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.2.7 Rest of Europe (Value and Volume, 2012 – 2024)
    5.3.2.7.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.3 Latin America
    5.3.3.1 Mexico (Value and Volume, 2012 – 2024)
    5.3.3.1.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.3.2 Brazil (Value and Volume, 2012 – 2024)
    5.3.3.2.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.3.3 Rest of Latin America (Value and Volume, 2012 – 2024)
    5.3.3.3.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4 Asia-Pacific
    5.3.4.1 Japan (Value and Volume, 2012 – 2024)
    5.3.4.1.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.2 South Korea (Value and Volume, 2012 – 2024)
    5.3.4.2.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.3 China (Value and Volume, 2012 – 2024)
    5.3.4.3.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.3.2 By End User (Hospital and Home)
    5.3.4.4 India (Value and Volume, 2012 – 2024)
    5.3.4.4.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.4.2 By End User (Hospital and Home)
    5.3.4.5 Australia (Value and Volume, 2012 – 2024)
    5.3.4.5.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.6 Vietnam (Value and Volume, 2012 – 2024)
    5.3.4.6.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.7 Malaysia (Value and Volume, 2012 – 2024)
    5.3.4.7.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.8 Indonesia (Value and Volume, 2012 – 2024)
    5.3.4.8.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.9 Philippines (Value and Volume, 2012 – 2024)
    5.3.4.9.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.4.10 Thailand (Value and Volume, 2012 – 2024)
    5.3.4.11 Rest of Asia-Pacific (Value and Volume, 2012 – 2024)
    5.3.4.11.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.5 Middle East & Africa
    5.3.5.1 Saudi Arabia (Value and Volume, 2012 – 2024)
    5.3.5.1.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.5.1.2 By End User (Hospital and Home)
    5.3.5.2 Iran (Value and Volume, 2012 – 2024)
    5.3.5.2.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.5.3 Egypt (Value and Volume, 2012 – 2024)
    5.3.5.3.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.5.4 Oman (Value and Volume, 2012 – 2024)
    5.3.5.4.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.5.5 South Africa (Value and Volume, 2012 – 2024)
    5.3.5.5.1 By Device (Glucometer Device, Test Strips, Lancets)
    5.3.5.6 Rest of Middle & Africa (Value and Volume, 2012 – 2024)
    5.3.5.6.1 By Device (Glucometer Device, Test Strips, Lancets)

    6 MARKET INDICATORS
    6.1 Type-1 Diabetes Population (2012-2024)
    6.2 Type-2 Diabetes Population (2012-2024)

    7 COMPETITIVE LANDSCAPE
    7.1 COMPANY PROFILES
    7.1.1 Abbott Diabetes Care
    7.1.2 Roche
    7.1.3 Johnson & Johnson
    7.1.4 Arkray
    7.1.5 Ascensia Diabetes Care
    7.1.6 Agamatrix Inc.
    7.1.7 Bionime Corporation
    7.1.8 Acon
    7.1.9 Trivida
    7.1.10 Rossmax

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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