Growing prevalence of diabetes among both adult and children population combined with advanced technological developments has contributed towards the growth in glucose monitoring devices

Date: 14 March 2016

According to recently published Azoth Analytics report “Global Glucose Monitoring Devices Market: Trends, Opportunities and Forecasts (2016-2021) - (By Devices Type: BGM - Monitors, Strips, Lancets and CGM - Monitors, Transmitters and Receivers, Sensors; By Region-North America, Latin America, Asia Pacific, Africa, Europe, Middle East; By Country- US, Canada, Brazil, Chile, South Africa, India, China, UK, Germany) global glucose monitoring devices market is forecast to grow at a CAGR of 6.52% during 2016 – 2021F, propelled by the rising population suffering from diabetes and due to the growing sedentary lifestyle. As per the statistics by International Diabetes Federation (IDF), 415 Million people are suffering from diabetes in 2015, and are expected to reach 642 million by 2035.  Also, around 0.50 million children are suffering from type 1 diabetes and growing by 3% annually. Also, diabetes stands to be one of the top most causes of death. Type 2 diabetes is more prevalent than type 1 as it affects the major adult population. These statistics imply the growing potential for glucose monitoring devices market

Within the types of devices, market for Continuous Glucose Monitoring device is expected to grow the fastest due to its non-invasiveness and its ability to deliver real time information on glucose levels without the use of blood sample and making it easier for the patients to check glucose levels.  However, the conventional blood glucose monitoring device will continue to dominate given its affordability especially in the emerging markets, where the market is expected to grow the fastest.

The report “Global Glucose Monitoring Devices Market: Trends, Opportunities and Forecasts (2016-2021) - (By Devices Type: BGM - Monitors, Strips, Lancets and CGM - Monitors, Transmitters and Receivers, Sensors; By Region-North America, Latin America, Asia Pacific, Africa, Europe, Middle East; By Country- US, Canada, Brazil, Chile, South Africa, India, China, UK, Germany)” has analysed the potential of global glucose monitoring devices market and provides statistics and information on market size, shares and growth factors.

The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global glucose monitoring devices market.  
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