Global Smart Glucose Meter Market Size to prosper at a growth rate of 7.5% through 2028

By Ashwin Naphade  | Date: 2022-11-24

Global Smart Glucose Meter Market Size  to prosper at a growth rate of 7.5% through 2028

According to reliable experts, global Smart Glucose Meter Market is anticipated to grow at a moderate rate of over 7.5% during the forecast period from 2022 to 2028.

The growing incidence of diabetes, expanding demand for blood glucose monitoring equipment, particularly among the diabetic population to obtain accurate and real-time readings, and rising patient awareness & worries about blood sugar-levels are some of the primary factors propelling the expansion of global smart glucose meter market.

The marketplace is segmented on the basis of the application landscape, product type, distribution channel, and end-user vertical.

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Based on product type, the industry is bifurcated into self-monitoring blood glucose (SMBG) systems and continuous glucose monitoring (CGM) systems. Among these, the SMBG vertical is anticipated to hold a substantial share of the market in the coming years, while it is predicted that the CGM vertical would increase significantly throughout the review period.

Moving on to the application spectrum, the market is fragmented into type-1 diabetes, gestational diabetes, and type-2 diabetes. Out of these, the type-2 diabetes segment of worldwide smart glucose meter market is anticipated to witness substantial growth in the forthcoming years, owing to surging obesity problems.

Citing the distribution channel, the marketplace is segmented into online and offline verticals. Among these, the offline segment is expected to observe considerable growth while the online vertical is estimated to hold the largest market share over the forecast period.

With respect to the end-user segment, the industry is categorized into hospitals, diagnostic centers, home care, and others. Out of these, during the study period, the hospital segment is expected to gain a sizable portion of the market.

The regional bifurcation of global smart glucose meter industry extends to Middle East & Africa, Asia-Pacific, Western Europe, Eastern Europe, Latin America, and North America. Of these, North America industry is poised to register substantial development during the assessment period.

The competitive landscape of the industry is defined by companies such as B. Braun Melsungen AG, Medtronic plc, Elly Lilly and Company, DexCom Inc., Sanofi S.A., LifeScan IP Holdings LLC, Abbott Laboratories, Bayer AG, F. Hoffmann-La Roche AG, and Novo Nordisk A/S.

Question & Answer: Global Smart Glucose Meter Market

Question 1: Which factors are contributing to global smart glucose meter market growth?

Answer: The increasing prevalence of diabetes, rising demand for blood glucose monitoring devices especially among the diabetic population to get accurate & real-time results, and growing patient awareness & concerns about blood sugar levels are some of the chief factors driving the expansion of global smart glucose meter market.

Question 2: How will type-2 diabetes application contribute towards global smart glucose meter market remuneration?

Answer: The type-2 diabetes segment of worldwide smart glucose meter market is anticipated to witness substantial growth in the forthcoming years, owing to surging obesity problems.

Question 3: Which companies are profiled in global smart glucose meter market report?

Answer: The competitive landscape of the industry is defined by companies such as B. Braun Melsungen AG, Elly Lilly and Company, Sanofi S.A., DexCom Inc., LifeScan IP Holdings LLC, Bayer AG, Abbott Laboratories, F. Hoffmann-La Roche AG, Medtronic plc, and Novo Nordisk A/S.

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About Author

Ashwin Naphade     aeresearch.net

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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