Europe, the Middle East, and Africa Blood Glucose Monitoring Market Overview
The Global Blood Glucose Monitoring Market is predicted to register 7.1% CAGR during the forecast period owing to the increased diabetic population across the globe, asserts Market Research Future (MRFR).
The Europe, the Middle East, and Africa Blood Glucose Monitoring Market Growth is one of the rapidly growing markets across the globe owing to a huge growth in the incidence of diabetes. Complete cure for diabetes is not available in the market. Regularly monitoring of glucose level is important to avoid further complications. Furthermore, increasing cases of diabetic patients and the introduction of new technology have boosted the blood glucose monitoring market. Additionally, factor such as increasing awareness and need of monitoring diseases help in boosting the market growth. However, high cost associated with monitoring and diagnosis of disease may restrain the market growth.
Blood Glucose Monitoring is referred to as the process of testing diabetes level in the blood which helps to identify the glucose level in the blood within a specific target range. The various blood glucose monitoring devices available in the market are termed as blood glucose meter. These devices offer useful insights to manage diabetes and helps in tracking the progress of treatment goal. It also helps to observe the effect of medication on the blood sugar level besides understanding how the will ailment effect the glucose level in blood.
Europe, the Middle East, and Africa Blood Glucose Monitoring Market Segmentation
The Global Blood Glucose Monitoring Market has been segmented on the basis of application, product type, end-user, and region.
By mode of product type, the global blood glucose monitoring market has been segmented into continuous glucose monitoring devices (CGM), invasive glucose monitoring devices, flash glucose monitoring devices, and others.
By mode of application, the global blood glucose monitoring market has been segmented intotype 1 diabetes, type 2 diabetes, and others.Type-I and type-II diabetes are further sub-segmented into pediatrics and adult. The rising prevalence of type-II diabetes is fueling the growth of the use of blood glucose monitoring system.
By mode of end-users, the global blood glucose monitoring market has been segmented intohospitals, diagnostic centers, research centers, clinics,and home care diagnostics. Among these, the homecare segment is considered to dominate the global market owing to an increased diabetic population coupled with the growing preference for minimally invasive technologies which can be used at home
Europe, the Middle East, and Africa Blood Glucose Monitoring Market Regional Analysis
Geographically, the Blood Glucose Monitoring Market span across regions namely, Europe, America. Asia Pacific, and the Middle East & Africa.
Among these, the Americas is considered to command the largest market share due to notable increasing prevalence of obesity, physical inactivity, and unhealthy diet. As per the Centers for Disease Control and Prevention, in 2015, the incidence of both diagnosed and undiagnosed diabetes population was approximately 30.3 million people of all ages. With the presence of well-developed technology, increased R&D activities, high healthcare spending, and the concentration of key market players, the market in this region is considered to propel.
The European region is estimated tooccupy the second position owing to increasing smoking population, psychosocial factors, environmental pollutants, and socioeconomic deprivation. Government support for research & development activities coupled with the availability of funds for research has further contributed to the market growth in this region.
Asia Pacific, on the other handis presumed to be the fastest growing blood glucose monitoring market. The growth is due to the increasing geriatric population, changing lifestyle, and urbanization. Additionally, the presence of developing healthcare technology, R&D activities, high healthcare expenditure, andconcentration of major companies are further influencing the market growth to a great extent.
Europe, the Middle East, and Africa Blood Glucose Monitoring Market Players
· Abbott Laboratories (US),
· Arkay Inc. (Japan),
· Bayer Healthcare AG, (Germany),
· F.Hoffmann-La Roche (Switzerland),
· LifeScan, Johnson & Johnson (U.S.),
· Medtronic plc., Nipro Diagnostics Inc.,
· Terumo Medical Corporation.
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