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Global Blood Glucose Meters Market: By Type: Self Monitoring, Continuous; By Function: Non-Invasive, Invasive; By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Others; By End Use; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Blood Glucose Meters Market Outlook
The global blood glucose meters market attained USD 14 billion in 2020. The market is expected to grow at a CAGR of 8.6% in the forecast period of 2022-2027.
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Large Diabetes Population in North America to Boost the Market Growth of Blood Glucose Meters
Region-wise, North America is a major market for blood glucose globally. This could be attributed to the ongoing advancements in the health care facilities and surgical equipment. Further, certain factors, such as a large diabetes population, technological advancements, and a rise in the number of diabetes cases in the younger population in the region, are boosting the market growth of blood glucose meters in the region. In addition, high government funding for advanced healthcare facilities and the availability of innovative healthcare infrastructure in North America is contributing to industry growth. Meanwhile, the Asia Pacific region is predicted to grow at a rapid pace over the forecast period owing to an upsurge in the number of diabetes patients in India and China.
Blood Glucose Meters: Market Segmentation
Blood glucose meters refer to electronic devices, which are used to examine blood via minute blood drop, which is taken by a lancet and a corresponding lancing device. This device is portable, battery-powered, and is quite handy and convenient to use.
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On the basis of type, the market is divided into:
- Self Monitoring
- Continuous
Self monitoring is sub-divided on the basis of component into glucometer devices, test strips, lancets, whereas, continuous type of blood glucose meter is sub-divided into sensors, transmitter and receivers, and external monitor.
By function, the industry is bifurcated into:
- Non-Invasive
- Invasive
On the basis of distribution channel, the industry is categorised into:
- Hospitals Pharmacies
- Retail Pharmacies
- Online
- Others
Based on end use, the industry can be segmented into:
- Clinics
- Hospitals
- Personal
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Arrival of Non-Invasive Devices to Aid the Market Growth of Blood Glucose Meters
The market for blood glucose meters is driven by the rising number of diabetic patients globally. The market is further invigorating owing to the introduction of advanced blood glucose meters. These advanced blood glucose meters are a preferred substitute to the conventional blood glucose meters, which adopted invasive techniques for diagnosis, like the use of a needle to prick the fingers, causing pain and discomfort to several patients. The arrival of non-invasive devices is expected to boost the market growth of blood glucose meters.
Key Industry Players in the Global Blood Glucose Meters Market
The report gives a detailed analysis of the following key players in the global blood glucose meters market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- B. Braun Melsungen AG
- Medtronic plc
- Abbott Laboratories
- Dexcom, Inc.
- Terumo Europe NV
- F. Hoffmann-La Roche Ltd
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Function, Distribution Channel, End Use, Region |
| Breakup by Type | Self Monitoring, Continuous |
| Breakup by Function | Non-Invasive, Invasive |
| Breakup by Distribution Channel | Hospitals Pharmacies, Retail Pharmacies, Online, Others |
| Breakup by End Use | Clinics, Hospitals, Personal, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | B. Braun Melsungen AG, Medtronic plc, Abbott Laboratories, Dexcom, Inc., Terumo Europe NV, F. Hoffmann-La Roche Ltd, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Blood Glucose Meters Market Analysis
8.1 Key Industry Highlights
8.2 Global Blood Glucose Meters Historical Market (2017-2021)
8.3 Global Blood Glucose Meters Market Forecast (2022-2027)
8.4 Global Blood Glucose Meters Market by Type
8.4.1 Self Monitoring
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Component
8.4.1.4.1 Glucometer Devices
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2017-2021)
8.4.1.4.1.3 Forecast Trend (2022-2027)
8.4.1.4.2 Test Strips
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2017-2021)
8.4.1.4.2.3 Forecast Trend (2022-2027)
8.4.1.4.3 Lancets
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2017-2021)
8.4.1.4.3.3 Forecast Trend (2022-2027)
8.4.2 Continuous
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Breakup by Component
8.4.2.4.1 Sensors
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2017-2021)
8.4.2.4.1.3 Forecast Trend (2022-2027)
8.4.2.4.2 Transmitter and Receivers
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2017-2021)
8.4.2.4.2.3 Forecast Trend (2022-2027)
8.4.2.4.3 External Monitor
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2017-2021)
8.4.2.4.3.3 Forecast Trend (2022-2027)
8.5 Global Blood Glucose Meters Market by Function
8.5.1 Non-Invasive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Invasive
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Blood Glucose Meters Market by Distribution Channel
8.6.1 Hospitals Pharmacies
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Retail Pharmacies
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Online
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2017-2021)
8.6.3.3 Forecast Trend (2022-2027)
8.6.4 Others
8.7 Global Blood Glucose Meters Market by End Use
8.7.1 Clinics
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Hospitals
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Personal
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Others
8.8 Global Blood Glucose Meters Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 B. Braun Melsungen AG
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Medtronic plc
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Abbott Laboratories
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Dexcom, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Terumo Europe NV
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 F. Hoffmann-La Roche Ltd
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Blood Glucose Meters Market: Key Industry Highlights, 2016 and 2026
2. Global Blood Glucose Meters Historical Market: Breakup by Type (USD Billion), 2017-2021
3. Global Blood Glucose Meters Market Forecast: Breakup by Type (USD Billion), 2022-2027
4. Global Blood Glucose Meters Historical Market: Breakup by Function (USD Billion), 2017-2021
5. Global Blood Glucose Meters Market Forecast: Breakup by Function (USD Billion), 2022-2027
6. Global Blood Glucose Meters Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
7. Global Blood Glucose Meters Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
8. Global Blood Glucose Meters Historical Market: Breakup by End Use (USD Billion), 2017-2021
9. Global Blood Glucose Meters Market Forecast: Breakup by End Use (USD Billion), 2022-2027
10. Global Blood Glucose Meters Historical Market: Breakup by Region (USD Billion), 2017-2021
11. Global Blood Glucose Meters Market Forecast: Breakup by Region (USD Billion), 2022-2027
12. North America Blood Glucose Meters Historical Market: Breakup by Country (USD Billion), 2017-2021
13. North America Blood Glucose Meters Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Europe Blood Glucose Meters Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Europe Blood Glucose Meters Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Asia Pacific Blood Glucose Meters Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Asia Pacific Blood Glucose Meters Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Latin America Blood Glucose Meters Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Latin America Blood Glucose Meters Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Middle East and Africa Blood Glucose Meters Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Middle East and Africa Blood Glucose Meters Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Global Blood Glucose Meters Market Structure
Key Questions Answered in the Report
In 2020, the global blood glucose meters market attained a value of nearly USD 14 billion.
The market is projected to grow at a CAGR of 8.6% between 2021 and 2026.
The major drivers of the industry include rise in the number of diabetes cases in the younger population, high government funding for advanced healthcare facilities, and the availability of innovative healthcare infrastructure.
The ongoing advancements in the health care facilities and surgical equipment is expected to be a key trend guiding the growth of the industry.
The types of blood glucose meters available in the market are self-monitoring and continuous.
The different functions of the blood glucose meters include non-invasive and invasive.
Blood glucose meters has various distribution channels, such as hospitals pharmacies, retail pharmacies, and online, among others.
Blood glucose meters can have different end uses like clinics, hospitals, and personal, among others.
The leading players in this market are B. Braun Melsungen AG, Medtronic plc, Abbott Laboratories, Dexcom, Inc., Terumo Europe NV, and F. Hoffmann-La Roche Ltd, among others.
Analyst Review
The global blood glucose meters market attained a value of USD 14 billion in 2020, driven by the rise in the number of diabetes cases in the younger population and high government funding for advanced healthcare facilities. Aided by the ongoing advancements in the health care facilities and surgical equipment, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 8.6%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on the type, the blood glucose meters market can be segmented into self-monitoring and continuous. Blood glucose meters may be divided by function into non-invasive and invasive. By distribution channel, the industry can be divided into hospitals pharmacies, retail pharmacies, and online, among others. Blood glucose meters can have different end uses like clinics, hospitals, and personal, among others. The key players in the above industry include B. Braun Melsungen AG, Medtronic plc, Abbott Laboratories, Dexcom, Inc., Terumo Europe NV, and F. Hoffmann-La Roche Ltd, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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