Blood Glucose Monitoring Devices Market Size, Share & Trends Report

Blood Glucose Monitoring Devices Market Size, Share & Trends Analysis Report By Product (Self-Monitoring Devices, Continuous Glucose Monitoring Devices), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-3-68038-688-2
Number of Pages: 110
Format: Electronic (PDF)

Historical Range: 2018 - 2023
Industry: Healthcare

Market Segmentation

Blood Glucose Monitoring Devices Product Outlook (Revenue, USD Million, 2018 - 2030)
- Self-monitoring Devices
  - Blood glucose meter
  - Testing Strips
  - Lancets
- Continuous blood glucose monitoring devices
  - Sensors
  - Transmitter & Receiver
  - Insulin Pumps
Blood Glucose Monitoring Devices End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Home care
- Diagnostic centers
Blood Glucose Monitoring Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America blood glucose monitoring devices market, By product
    - Self-monitoring devices
      - Blood glucose meter
      - Testing strips
      - Lancets
    - Continuous blood glucose monitoring devices
      - Sensors
      - Transmitter & receiver
      - Insulin Pumps
  - North America blood glucose monitoring devices market, by end-use
    - Hospitals
    - Home care
    - Diagnostic centers
  - U.S.
    - U.S. blood glucose monitoring devices market, by product
      - Self-Monitoring Devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - U.S. blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Canada
    - Canada Blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Canada blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
- Europe
  - Europe Blood glucose monitoring devices market, by product
    - Self-monitoring devices
      - Blood glucose meter
      - Testing Strips
      - Lancets
    - Continuous blood glucose monitoring devices
      - Sensors
      - Transmitter & receiver
      - Insulin Pumps
  - Europe blood glucose monitoring devices market, by end-use
    - Hospitals
    - Home care
    - Diagnostic centers
  - U.K.
    - U.K. blood glucose monitoring devices market, by product
      - Self-Monitoring Devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & Receiver
        
        Insulin Pumps
    - U.K. blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Germany
    - Germany blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood Glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Germany blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - France
    - France blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - France blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Italy
    - Italy blood glucose monitoring devices market, By Product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & Receiver
        
        Insulin Pumps
    - Italy blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Spain
    - Spain blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Spain blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Denmark
    - Denmark blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Denmark blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Sweden
    - Sweden blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Sweden blood glucose monitoring devices market, by end-use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Norway
    - Norway blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Norway blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
- Asia Pacific
  - Asia Pacific blood glucose monitoring devices market, by product
    - Self-monitoring devices
      - Blood glucose meter
      - Testing strips
      - Lancets
    - Continuous blood glucose monitoring devices
      - Sensors
      - Transmitter & receiver
      - Insulin Pumps
  - Asia Pacific blood glucose monitoring devices market, by end use
  - Japan
    - Japan blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Japan blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - China
    - China blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - China blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - India
    - India blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - India blood glucose monitoring devices market, By End Use
      - Hospitals
      - Home care
      - Diagnostic centers
  - South Korea
    - South Korea blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - South Korea blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Australia
    - Australia blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Australia blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Thailand
    - Thailand blood glucose monitoring devices market, by product
      - Self-Monitoring devices
        
        Blood glucose meter
        
        Testing strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Thailand blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
- Latin America
  - Latin America blood glucose monitoring devices market, by product
    - Self-Monitoring devices
      - Blood Glucose meter
      - Testing Strips
      - Lancets
    - Continuous blood glucose monitoring devices
      - Sensors
      - Transmitter & receiver
      - Insulin Pumps
  - Latin America blood glucose monitoring devices market, by end use
    - Hospitals
    - Home care
    - Diagnostic centers
  - Brazil
    - Brazil blood glucose monitoring devices market, by product
      - Self-monitoring Devices
        
        Blood Glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Brazil blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Mexico
    - Mexico blood glucose monitoring devices market, by product
      - Self-monitoring Devices
        
        Blood Glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Mexico blood glucose monitoring devices market, By end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Argentina
    - Argentina blood glucose monitoring devices market, by product
      - Self-monitoring Devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Argentina blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
- Middle East and Africa
  - Middle East and Africa Blood glucose monitoring devices market, by product
    - Self-monitoring devices
      - Blood glucose meter
      - Testing Strips
      - Lancets
    - Continuous blood glucose monitoring devices
      - Sensors
      - Transmitter & Receiver
      - Insulin Pumps
  - Middle East and Africa Blood glucose monitoring devices market, by end use
    - Hospitals
    - Home care
    - Diagnostic centers
  - South Africa
    - South Africa Blood glucose monitoring devices market, By Product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - South Africa blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Saudi Arabia
    - Saudi Arabia blood glucose monitoring devices market, by product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & Receiver
        
        Insulin Pumps
    - Saudi Arabia blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - UAE
    - UAE Blood glucose monitoring devices market, By Product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - UAE Blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers
  - Kuwait
    - Kuwait Blood glucose monitoring devices market, By Product
      - Self-monitoring devices
        
        Blood glucose meter
        
        Testing Strips
        
        Lancets
      - Continuous blood glucose monitoring devices
        
        Sensors
        
        Transmitter & receiver
        
        Insulin Pumps
    - Kuwait Blood glucose monitoring devices market, by end use
      - Hospitals
      - Home care
      - Diagnostic centers

Blood Glucose Monitoring Devices Market Dynamics

Driver: Technological advancements

With latest technological advancements in diabetes devices such as introduction of high-end insulin pumps and pens, the demand for monitoring devices is propelling. Leading players in the market are investing heavily on technological innovations and development of advanced products to gain a substantial share of the market. Novo Nordisk, in 2019, collaborated with Abbott to integrate its prefilled and durable connected pens directly into the FreeStyle Libre system (FreeStyle LibreLinkii mobile app and LibreViewiii cloud-based system). Furthermore, Medtronic’s MiniMed 630G system integrates insulin pump with continuous glucose monitoring technology, offering improved glucose management in comparison with multiple injections without increasing hypoglycemia. Thus, technological innovations along with product advancements are expected to fuel the market growth.

Driver: Untapped opportunities in developing countries

As increasing number of people are being diagnosed with diabetes in regions such as MEA and APAC, this, in turn, is propelling the demand for diabetes treatment. As per International Diabetes Federation, in 2021, a total of 74,194,700, cases of diabetes were diagnosed in India. Thus, presence of untapped growth opportunities in rapidly growing MEA and Asian economies and growing awareness of diabetes in these regions are anticipated to boost the demand for diabetes devices. Large geriatric population, affordable healthcare facilities, cheap labor, and relatively less stringent regulatory policies are among the factors compelling diabetic devices manufacturers to expand their businesses. Therefore, manufacturers are now focusing on leveraging opportunities present in developing economies to gain maximum market share.

Restraint: Stringent regulatory approval

Diabetes devices such as insulin pens and insulin pumps have some associated risks. Insulin pumps are mainly used to treat type I diabetes; however, these pumps can result into problems such as pump failure, insulin stability issues, and infusion site problems. Therefore, the European Association for the Study of Diabetes (EASD) and the American Diabetes Association (ADA) together will evaluate the safety of devices before market approval. In the European Union (EU), insulin pumps are classified as Class IIb devices. Hence, a premarket notification needs to be submitted by the manufacturers prior to marketing the product. This premarket notification should comply with the prerequisite of regulatory requirements and elaborate on the safety involved with the usage of these devices to get market approval. Therefore, stringent political and regulatory process for diabetic devices in Europe is expected to hinder the growth of the overall market.

What Does This Report Include?

This section will provide insights into the contents included in this blood glucose monitoring devices market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Blood glucose monitoring devices market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Blood glucose monitoring devices market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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