Blood Glucose Meters Global Market Report 2023

Description

“Blood Glucose Meters Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on blood glucose meters market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for blood glucose meters ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The blood glucose meters market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product type: Electrode Type Blood Glucose Meter; Photoelectric Blood Glucose Meter

2) By End User: Hospitals; Home Care

3) By Application: Type 1 Diabetes; Type 2 Diabetes; Gestational Diabetes

Companies Mentioned: Abbott; Roche; Medtronics; Ascensia; Dexcom

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the blood glucose meters market are: Abbott, Roche, Medtronics, Ascensia, Dexcom, Johnson & Johnson, Arkray, Acon, LifeScan, and Agamatrix Inc.

The global blood glucose meters market will grow from $15.64 billion in 2022 to $16.96 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The blood glucose meters market is expected to grow to $22.34 billion in 2027 at a CAGR of 7.1%.

The blood glucose meters consist of sales of electrode-type blood glucose meter and photoelectric blood glucose meter. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Blood glucose meters are devices that are used to measure and display the amount of sugar (glucose) in the blood.

North America was the largest region in the blood glucose meters market in 2022. Western Europe was the second-largest region in the blood glucose meters market. The regions covered in the blood glucose meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main product types of blood glucose meters market are electrode type blood glucose meter and photoelectric blood glucose meter. Electrode type blood glucose meters are devices that contain electrodes to measure the current generated by an enzymatic reaction between glucose, an enzyme, and a mediator. The various applications included are type 1 diabetes, type 2 diabetes, and gestational diabetes that are used by various end-users such as hospitals and home care.

The rising prevalence of diabetes is driving the blood glucose meters market. The changing lifestyle, increase in alcohol consumption, physical inactivity, and unhealthy eating habits are leading to an increase in obesity across the globe. Such exponential growth in obese people is causing a stern increase in the purchase of blood glucose meters. Due to obesity, fat tissues release more fat molecules into the blood affecting insulin-responsive cells, which results in reduced insulin sensitivity, in turn, causing diabetes. According to the study by the International Diabetes Federation (IDF), there will be a 48% increase in diabetes around the world by 2045. According to the International Diabetes Federation (IDF) in 2021, nearly 537 million people were suffering from diabetes .

The blood glucose meters market growth is restricted due to a lack of awareness of diabetes. Hypo unawareness is a common term used to describe people who have diabetes, especially type 1 diabetes, it is very difficult to notice when they have low blood glucose, hypoglycemia. Such lack of awareness of diabetes and its effects reduces the regular monitoring or check-ups relating to diabetes. For example, in 2021, 537 million adults had diabetes, but more than 1 in 4 did not know that they had the disease. Also, in 2021, According to the International Diabetes Federation (IDF), over one in two (54%) patients with diabetes do not recognize that they have diabetes.

FDA regulates blood glucose meters. FDA has released its guidance for the accuracy of blood glucose meters. For blood glucose meters used in the home by patients with diabetes, FDA states that 95% of the measured blood glucose levels should be within 15% of the lab tested value and 99% of the measured values should be within 20% of the lab tested value. For the point of care blood glucose monitoring devices, 95% of the monitored values must be within the range of 12% for blood sugars more than 75mg/dl and must be within 12mg/dl for blood sugars less than 75mg/dl. Also, 98% of the meter values must be within 15% of the range for blood sugars more than 75mg/dl and must be within 15mg/dl for blood sugars less than 75mg/dl.

In September 2021, B. Braun Melsungen AG, a German medical and pharmaceutical device company acquired Sterinova Inc for an undisclosed amount. This acquisition of Sterinova will continue to operate as a distinct subsidiary of B. Braun Melsungen AG. Sterinova Inc is a Canada-based company that develops, manufactures, and distributes ready-to-use sterile injectable products in syringes and premix bags.

The countries in the blood glucose meters market are: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The blood glucose meters market research report is one of a series of new reports from The Business Research Company that provides blood glucose meters market statistics, including blood glucose meters industry global market size, regional shares, competitors with a blood glucose meters market share, detailed blood glucose meters market segments, market trends and opportunities, and any further data you may need to thrive in the blood glucose meters industry. This blood glucose meters market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r1934

1. Executive Summary

2. Blood Glucose Meters Market Characteristics

3. Blood Glucose Meters Market Trends And Strategies

4. Blood Glucose Meters Market - Macro Economic Scenario

4.1 COVID-19 Impact On Blood Glucose Meters Market

4.2 Ukraine-Russia War Impact On Blood Glucose Meters Market

4.3 Impact Of High Inflation On Blood Glucose Meters Market

5. Blood Glucose Meters Market Size And Growth

5.1. Global Blood Glucose Meters Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
5.2. Global Blood Glucose Meters Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market

6. Blood Glucose Meters Market Segmentation

6.1. Global Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Electrode Type Blood Glucose Meter
Photoelectric Blood Glucose Meter
6.2. Global Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Hospitals
Home Care
6.3. Global Blood Glucose Meters Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Type 1 Diabetes
Type 2 Diabetes
Gestational Diabetes

7. Blood Glucose Meters Market Regional And Country Analysis

7.1. Global Blood Glucose Meters Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Blood Glucose Meters Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Blood Glucose Meters Market

8.1. Asia-Pacific Blood Glucose Meters Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Blood Glucose Meters Market

9.1. China Blood Glucose Meters Market Overview
9.2. China Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Blood Glucose Meters Market

10.1. India Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Blood Glucose Meters Market

11.1. Japan Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Blood Glucose Meters Market

12.1. Australia Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Blood Glucose Meters Market

13.1. Indonesia Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Blood Glucose Meters Market

14.1. South Korea Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Blood Glucose Meters Market

15.1. Western Europe Blood Glucose Meters Market Overview
15.2. Western Europe Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Blood Glucose Meters Market

16.1. UK Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Blood Glucose Meters Market

17.1. Germany Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Blood Glucose Meters Market

18.1. France Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Blood Glucose Meters Market

19.1. Eastern Europe Blood Glucose Meters Market Overview
19.2. Eastern Europe Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Blood Glucose Meters Market

20.1. Russia Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Blood Glucose Meters Market

21.1. North America Blood Glucose Meters Market Overview
21.2. North America Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Blood Glucose Meters Market

22.1. USA Blood Glucose Meters Market Overview
22.2. USA Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Blood Glucose Meters Market

23.1. South America Blood Glucose Meters Market Overview
23.2. South America Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Blood Glucose Meters Market

24.1. Brazil Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Blood Glucose Meters Market

25.1. Middle East Blood Glucose Meters Market Overview
25.2. Middle East Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Blood Glucose Meters Market

26.1. Africa Blood Glucose Meters Market Overview
26.2. Africa Blood Glucose Meters Market, Segmentation By Product type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Blood Glucose Meters Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Blood Glucose Meters Market Competitive Landscape And Company Profiles

27.1. Blood Glucose Meters Market Competitive Landscape
27.2. Blood Glucose Meters Market Company Profiles
- 27.2.1. Abbott
  - 27.2.1.1. Overview
  - 27.2.1.2. Products and Services
  - 27.2.1.3. Strategy
  - 27.2.1.4. Financial Performance
- 27.2.2. Roche
  - 27.2.2.1. Overview
  - 27.2.2.2. Products and Services
  - 27.2.2.3. Strategy
  - 27.2.2.4. Financial Performance
- 27.2.3. Medtronics
  - 27.2.3.1. Overview
  - 27.2.3.2. Products and Services
  - 27.2.3.3. Strategy
  - 27.2.3.4. Financial Performance
- 27.2.4. Ascensia
  - 27.2.4.1. Overview
  - 27.2.4.2. Products and Services
  - 27.2.4.3. Strategy
  - 27.2.4.4. Financial Performance
- 27.2.5. Dexcom
  - 27.2.5.1. Overview
  - 27.2.5.2. Products and Services
  - 27.2.5.3. Strategy
  - 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Blood Glucose Meters Market

29. Blood Glucose Meters Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer