According to Future Market Insights’ most recent industry report, the global Glucose Monitoring Devices Market was valued at roughly US$ 21.3 Billion in 2022 and is expected to rise at a CAGR close to 16.9% over the forecast period, reaching an estimated worth of US$ 118.1 Billion in 2033.

Over the past 20 years, diabetes has escalated to a severe health concern with an unparalleled rate of global growth. It is a significant contributor to death in those aged 20 to 79. The World Health Organization has classified diabetes as a global pandemic due to its rapidly increasing prevalence.

Patients with diabetes require regular monitoring. Costs associated with patient monitoring can be decreased by utilizing technologies for information and communication, artificial intelligence, and smart devices together. Diabetes is mostly brought on by changes in blood glucose levels, and it is important to keep them steady for a set period.

The adoption of continuous glucose monitoring devices, which are emerging as a novel technique for monitoring glucose levels, is growing along with the number of diabetic patients. Every ten minutes, these devices update the real-time glucose level data they provide. The preservation of healthy blood glucose level is the only method for a diabetic to prevent potentially fatal diabetic complications, and glucose monitoring is an essential component of diabetes management.

Get your hands on a visually captivating sample report featuring related graphs and charts. @ https://www.futuremarketinsights.com/reports/sample/rep-gb-16747

Non-invasive glucose monitoring has recently become more popular as it lessens the discomfort and suffering experienced by diabetics who must prick their skin more than four times per day to measure their blood glucose levels.

With increasing prevalence of diabetes, as well as advancements in sensor-based technologies for patient monitoring, the market is set to expand at a lucrative pace, over the forecast period.

Key Takeaways from Market Study

  • Self-monitoring devices are the leading segment as product, and hold approximately 3% market value share in 2022, owing to their automated and reliable monitoring process.
  • Diabetes type II segment is set to lead in terms of indication of glucose monitoring devices with an estimated market value share of around 1% by 2023, owing to the high prevalence of type II diabetes globally.
  • By end user, hospitals held a market share of around 7% in 2022, owed to the adoption of continuous monitoring devices in hospitals to reduce the number of fingerstick point of care capillary blood glucose tests, hyperglycemic episodes, and hypoglycemic episodes.
  • North America holds a value share of 0% in 2022, owing to the high prevalence of chronic diseases in the region.

Connect with Industry Experts and Get Expert Advice. @ https://www.futuremarketinsights.com/ask-question/rep-gb-16747

“Rising initiatives to integrate artificial intelligence, as well as digital technologies to blood glucose monitoring devices, as well as growing new product launch activities, are factors propelling the growth of the global glucose monitoring market,” says an analyst of Future Market Insights.

Market Competition

Key players’ rigorous research led to the development of improved technologies such as flash glucose monitoring and continuous glucose monitoring. Companies also engage in strategic initiatives such as new product launches and mergers and acquisitions.

  • All consumers with diabetes type 1 are now covered for the Dexcom G6 rtCGM System under the Non-Insured Health Benefits Program, according to an announcement made by Dexcom, Inc. in January 2023.
  • Abbott disclosed in June 2022 that it is creating a new biowearable that combines a sensor to continually monitor both glucose and ketone levels. The U.S. FDA has granted the system breakthrough device classification.

Key Market Players:

  • Dexcom, Inc.
  • Abbott Laboratories
  • F. Hoffmann-La Roche Ltd (Switzerland)
  • Medtronic
  • Ascensia Diabetes Care
  • Arkray
  • Ypsomed AG
  • Acon Laboratories
  • Nipro
  • Nova Biomedical
  • Goldsite Diagnostics Inc. (China)
  • Lifescan Ip Holdings, LLC
  • Prodigy Diabetes Care
  • Others

Augment Your Returns with Savings on obtaining this Report. @ https://www.futuremarketinsights.com/checkout/16747

Key Market Segments Covered in Glucose Monitoring Devices Industry Research

Product:

  • Self-Monitoring Devices
  • Continuous Monitoring Devices

Indication:

  • Diabetes Type I
  • Diabetes Type II

End User:

  • Hospitals
  • Clinics
  • Diagnostics Centres
  • Home Care Settings

Explore Wide-ranging Coverage of FMI’s Healthcare Landscape:

Amniotic Membranes Market: The global amniotic membranes market size is likely to touch a valuation of around US$ 1.4 Bn in 2022. Further, with rising adoption of amniotic membranes for various purposes in ophthalmology, the total sales of amniotic membranes are slated to grow at an impressive CAGR of 9.0% between 2022 and 2028, totalling over US$ 2.3 Bn by the end of 2028.

Digital Radiography Detectors Market: The digital radiography detectors market is valued at US$ 2.13 Bn in 2022. The market is advancing at an average pace with a CAGR of 6.1% through 2026 to reach a valuation of US$ 2.7 Bn. The worldwide market for digital radiography detectors is highly concentrated, with large competitors such as Varex Imaging Corporation and Trixell accounting for about 47% of the market share.

Sepsis Diagnostics Market: The global sepsis diagnostics market is expected to record a CAGR of 8.1% between 2023 and 2033. In 2023, the market is estimated to be valued at US$ 561.2 million. The valuation is expected to cross US$ 1.2 billion by 2033