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2021
Self-monitoring Blood Glucose Devices Market

Self-Monitoring Blood Glucose Devices Market by Product (Test Strips, Lancets, and Blood Glucose Meters), Application (Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes), and End User (Hospitals, Home Settings, and Diagnostic Centers): Opportunity Analysis and Industry Forecast, 2020–2027
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A03802
Pages: 249
Oct 2020 | 8573 Views
   
Author(s) : Ravi Kiran, Sahil Sinha
Tables: 114
Charts: 55
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global self-monitoring blood glucose devices market was valued at $8,490.79 million in 2019, and is projected to reach $11,991.98 million by 2027, growing at a CAGR of 4.2% from 2020 to 2027. 

Blood glucose monitoring helps diabetic patients to make daily management decisions such as food intake, insulin dose, and physical exercise. Self-monitoring blood glucose (SMBG) is a modern diabetes management procedure, which involves usage of blood glucose meters by patients to check their glucose levels quickly and provide an accurate measure of capillary glucose concentration. SMBG technology uses test strips, lancets, and blood glucose meters to achieve long-term glycemic control. 

Self-Monitoring-Blood-Glucose-Devices-Market-2020-2027

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The self-monitoring blood glucose devices market is expected to witness a significant growth during the forecast period. The growth can be attributed to factors such as increase in incidence rate of diabetes and rise in risk factors that lead to diabetes. Moreover, technological advancements in the field of blood glucose monitoring devices and rise in geriatric population boost the self-monitoring blood glucose devices market growth. However, blood glucose monitoring devices do not measure the exact level of glucose in blood and can give inaccurate results, which hamper the market growth. Conversely, increase in awareness for diabetes monitoring devices is expected to provide significant opportunities for the growth of the market. Moreover, high growth potential in untapped markets for diabetes monitoring devices are expected to provide lucrative opportunities for the expansion of the global self-monitoring blood glucose devices market in the near future.

Though most of the self-monitoring blood glucose devices markets are witnessing decline in growth, COVID-19 outbreak has positively affected various healthcare-related markets, one of them being self-monitoring blood glucose devices. It has been noted that diabetic patients are more vulnerable to becoming severely ill with the COVID-19 virus. In addition, the pandemic resulted in surge in adoption of self-monitoring blood glucose devices for home settings to reduce from hospitals and clinics visits. Therefore, presently, the self-monitoring blood glucose devices market is witnessing a significant growth owing to high demand in self-monitoring blood glucose devices.

Global Self-monitoring Blood Glucose Devices Segmentation  

The self-monitoring blood glucose devices market is segmented into product, application, end user, and region. Depending on product, the market is divided into test strips, lancets, and blood glucose meters. The applications covered in the study include 1 diabetes, type 2 diabetes, and gestational diabetes. On the basis of end user, the market is fragmented into hospitals, home settings, and diagnostic centers. Region wise, the self-monitoring blood glucose devices market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment review

On the basis of product, the test strips segment acquired major share of the global self-monitoring blood glucose devices, and is expected to experience rapid growth during the forecast period, owing to increase in awareness about self-testing that allows diabetic patients to keep record of their blood glucose level regularly without visiting a clinic or diagnostic laboratory. Moreover, rise in prevalence of diabetes and high demand for better screening & monitoring methods boost the global self-monitoring blood glucose devices growth. 

Self-Monitoring Blood Glucose Devices Market
By Product

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Test Strips segment holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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By application, type 2 diabetes segment dominated the self-monitoring blood glucose devices market, owing to high prevalence of type 2 diabetes. Moreover, type 2 diabetes segment is expected to grow at the fastest rate  during the forecast period, owing to increase in geriatric population, rise in prevalence of obesity, and sedentary lifestyle. 

Depending on end user, the hospitals segment dominated the self-monitoring blood glucose devices market, owing to development of healthcare settings across emerging economies and overall increase in number of hospitalizations. However, the home settings segment is expected to grow at the fastest rate during the forecast period, owing to high adoption of self-monitoring blood glucose devices and rise in preference of people toward portable and high-end technological products.

Self-Monitoring Blood Glucose Devices Market
By Application

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Type 2 Diabetes segment is projected as one of the most lucrative segment.

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In 2019, North America acquired a major share of the self-monitoring blood glucose devices market, owing to high incidence rate of diabetes in the region. In addition, presence of key players in the region supplements the growth of the market. However, Asia-Pacific is expected to grow at the fastest rate during the forecast period, due to increase in prevalence rate of diabetes in the region. In addition, the countries in the region such as India and China, have the highest population base, which is  undiagnosed with diabetes. Furthermore, the constantly evolving healthcare industry drives the growth of the market in the developing economies.

The global self-monitoring blood glucose devices is highly competitive, and prominent players have adopted various strategies to garner maximum market share. These include collaboration, product launch, partnership, and acquisition. Major players operating in the market include Abbott Laboratories, Bionime Corporation, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd., LifeScan IP Holdings, LLC, PHC Holdings Corporation, Terumo Corporation, Trividia Health, Inc. (Sinocare Inc.), ARKRAY, Inc., and Ypsomed Holding AG.

Self-Monitoring Blood Glucose Devices Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 5.5% during 2020-2027.

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Key Benefits For Stakeholders

  • This report entails a detailed quantitative analysis of the current market trends from 2019 to 2027 to identify the prevailing opportunities.
  • Self-monitoring blood glucose devices market size and market estimations are based on comprehensive analysis of the key developments in the industry.
  • In-depth analysis based on region assists to understand the regional market and the strategic business planning.
  • The development strategies adopted by key manufacturers are enlisted to understand the competitive scenario of the market.

Key Market Segments

  • BY PRODUCT
    • Test Strips
    • Lancets
    • Blood Glucose Meters
  • By End User
    • Hospitals
    • Home Settings
      • Diagnostic centers
  • By Application
    • Type 1 Diabetes
    • Type 2 Diabetes
    • Gestational Diabetes
  • By Region
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia-Pacific
      • Japan
      • China
      • India
      • Australia
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Brazil
      • Saudi Arabia
      • South Africa
      • Rest of LAMEA


Key Market Players

  • ABBOTT LABORATORIES
  • ARKRAY, INC.
  • B. BRAUN MELSUNGEN AG
  • BIONIME CORPORATION
  • F. HOFFMANN-LA ROCHE LTD.
  • LIFESCAN IP HOLDINGS, LLC (PLATINUM EQUITY)
  • PHC HOLDINGS CORPORATION
  • TERUMO CORPORATION
  • TRIVIDIA HEALTH, INC. (SINOCARE)
  • YPSOMED HOLDING AG
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments

1.3.1.List of key players profiled in the report

1.4.Research methodology

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key Findings

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Market share analysis, 2019 (%)
3.4.Porter’s five forces analysis

3.4.1.Moderate bargaining power of buyers
3.4.2.High Bargaining Power of Suppliers
3.4.3.Low Threat of Substitution
3.4.4.Moderate Threat of New Entrant
3.4.5.High Competitive rivalry

3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increase in the incidence rate of diabetes
3.5.1.2.Rise in geriatric population
3.5.1.3.Technological advancements in diabetes monitoring devices
3.5.1.4.Rise in risk factors that lead to diabetes

3.5.2.Restraints

3.5.2.1.Inaccurate results

3.5.3.Opportunity

3.5.3.1.Increase in awareness for diabetes monitoring devices
3.5.3.2.Untapped market opportunities in the developing regions

3.5.4.Impact analyses

3.6.Impact analysis of COVID-19 on self-monitoring blood glucose devices market

CHAPTER 4:SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT

4.1.Overview

4.1.1.Market size and forecast, by product
4.1.2.Market size and forecast, by product (million units)

4.2.Test strips

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Lancets

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Blood glucose meters

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

CHAPTER 5:SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast, by revenue

5.2.Type 1 diabetes

5.2.1.Market size and forecast, by region
5.2.2.Market analysis, by country

5.3.Type 2 diabetes

5.3.1.Market size and forecast, by region
5.3.2.Market analysis, by country

5.4.Gestational diabetes

5.4.1.Market size and forecast, by region
5.4.2.Market analysis, by country

CHAPTER 6:SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER

6.1.Overview

6.1.1.Market size and forecast

6.2.Hospitals

6.2.1.Market size and forecast, by region
6.2.2.Market analysis, by country

6.3.Home settings

6.3.1.Market size and forecast, by region
6.3.2.Market analysis, by country
6.4.Diagnostic centers
6.4.1.Market size and forecast, by region
6.4.2.Market analysis, by country

CHAPTER 7:SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.North America market size and forecast, by country

7.2.2.1.U.S.

7.2.2.1.1.U.S. market size and forecast, by product
7.2.2.1.2.U.S. market size and forecast, by application
7.2.2.1.3.U.S. market size and forecast, by end user
7.2.2.1.4.Market share analysis, for 2019

7.2.2.2.Canada

7.2.2.2.1.Canada market size and forecast, by product
7.2.2.2.2.Canada market size and forecast, by application
7.2.2.2.3.Canada market size and forecast, by end user
7.2.2.2.4.Market share analysis, for 2019

7.2.2.3.Mexico

7.2.2.3.1.Mexico market size and forecast, by product
7.2.2.3.2.Mexico market size and forecast, by application
7.2.2.3.3.Mexico market size and forecast, by end user
7.2.2.3.4.Market share analysis, for 2019

7.2.3.North America market size and forecast, by product
7.2.4.North America market size and forecast, by application
7.2.5.North America market size and forecast, by end user

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Europe self-monitoring blood glucose devices market, by country

7.3.2.1.Germany

7.3.2.1.1.Germany market size and forecast, by product
7.3.2.1.2.Germany market size and forecast, by application
7.3.2.1.3.Germany market size and forecast, by end user
7.3.2.1.4.Market share analysis, for 2019

7.3.2.2.France

7.3.2.2.1.France market size and forecast, by product
7.3.2.2.2.France market size and forecast, by application
7.3.2.2.3.France market size and forecast, by end user
7.3.2.2.4.Market share analysis, for 2019

7.3.2.3.UK

7.3.2.3.1.UK market size and forecast, by product
7.3.2.3.2.UK market size and forecast, by application
7.3.2.3.3.UK market size and forecast, by end user
7.3.2.3.4.Market share analysis, for 2019

7.3.2.4.Italy

7.3.2.4.1.Italy market size and forecast, by product
7.3.2.4.2.Italy market size and forecast, by application
7.3.2.4.3.Italy market size and forecast, by end user
7.3.2.4.4.Market share analysis, for 2019

7.3.2.5.Spain

7.3.2.5.1.Spain market size and forecast, by product
7.3.2.5.2.Spain market size and forecast, by application
7.3.2.5.3.Spain market size and forecast, by end user
7.3.2.5.4.Market share analysis, for 2019

7.3.2.6.Rest of Europe

7.3.2.6.1.Rest of Europe market size and forecast, by product
7.3.2.6.2.Rest of Europe market size and forecast, by application
7.3.2.6.3.Rest of Europe market size and forecast, by end user
7.3.2.6.4.Market share analysis, for 2019

7.3.3.Europe market size and forecast, by product
7.3.4.Europe market size and forecast, by application
7.3.5.Europe market size and forecast, by end user

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Asia-Pacific market size and forecast, by country

7.4.2.1.Japan

7.4.2.1.1.Japan market size and forecast, by product
7.4.2.1.2.Japan market size and forecast, by application
7.4.2.1.3.Japan market size and forecast, by end user
7.4.2.1.4.Market share analysis, for 2019

7.4.2.2.China

7.4.2.2.1.China market size and forecast, by product
7.4.2.2.2.China market size and forecast, by application
7.4.2.2.3.China market size and forecast, by end user
7.4.2.2.4.Market share analysis, for 2019

7.4.2.3.India

7.4.2.3.1.India market size and forecast, by product
7.4.2.3.2.India market size and forecast, by application
7.4.2.3.3.India market size and forecast, by end user
7.4.2.3.4.Market share analysis, for 2019

7.4.2.4.Australia

7.4.2.4.1.Australia market size and forecast, by product
7.4.2.4.2.Australia market size and forecast, by application
7.4.2.4.3.Australia market size and forecast, by end user
7.4.2.4.4.Market share analysis, for 2019

7.4.2.5.South Korea

7.4.2.5.1.South Korea market size and forecast, by product
7.4.2.5.2.South Korea market size and forecast, by application
7.4.2.5.3.South Korea market size and forecast, by end user
7.4.2.5.4.Market share analysis, for 2019

7.4.2.6.Rest of Asia-Pacific

7.4.2.6.1.Rest of Asia-Pacific market size and forecast, by product
7.4.2.6.2.Rest of Asia-Pacific market size and forecast, by application
7.4.2.6.3.Rest of Asia-Pacific market size and forecast, by end user
7.4.2.6.4.Market share analysis, for 2019

7.4.3.Asia-Pacific market size and forecast, by product
7.4.4.Asia-Pacific market size and forecast, by application
7.4.5.Asia-Pacific market size and forecast, by end user

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.LAMEA market size and forecast, by country

7.5.2.1.Brazil

7.5.2.1.1.Brazil market size and forecast, by product
7.5.2.1.2.Brazil market size and forecast, by application
7.5.2.1.3.Brazil market size and forecast, by end user
7.5.2.1.4.Market share analysis, for 2019

7.5.2.2.Saudi Arabia

7.5.2.2.1.Saudi Arabia market size and forecast, by product
7.5.2.2.2.Saudi Arabia market size and forecast, by application
7.5.2.2.3.Saudi Arabia market size and forecast, by end user
7.5.2.2.4.Market share analysis, for 2019

7.5.2.3.South Africa

7.5.2.3.1.South Arica market size and forecast, by product
7.5.2.3.2.South Arica market size and forecast, by application
7.5.2.3.3.South Arica market size and forecast, by end user
7.5.2.3.4.Market share analysis, for 2019

7.5.2.4.Rest of LAMEA

7.5.2.4.1.Rest of LAMEA market size and forecast, by product
7.5.2.4.2.Rest of LAMEA market size and forecast, by application
7.5.2.4.3.Rest of LAMEA market size and forecast, by end user
7.5.2.4.4.Market share analysis, for 2019

7.5.3.LAMEA market size and forecast, by product
7.5.4.LAMEA market size and forecast, by application
7.5.5.LAMEA market size and forecast, by end user

CHAPTER 8:COMPANY PROFILES

8.1.ABBOTT LABORATORIES

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product Portfolio
8.1.5.Business performance
8.1.6.Key strategic moves and developments

8.2.ARKRAY, INC.

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Product Portfolio
8.2.4.Key strategic moves and developments

8.3.B. BRAUN MELSUNGEN AG

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.BIONIME CORPORATION

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Product Portfolio

8.5.F. HOFFMANN-LA ROCHE LTD.

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.LIFESCAN IP HOLDINGS, LLC (PLATINUM EQUITY)

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Product Portfolio
8.6.4.Key strategic moves and developments

8.7.PHC HOLDINGS CORPORATION

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio

8.8.TERUMO CORPORATION

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product Portfolio
8.8.5.Business performance

8.9.TRIVIDIA HEALTH, INC. (SINOCARE)

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio

8.10.YPSOMED HOLDING AG

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4.Product portfolio
8.10.5.Business performance
8.10.6.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019-2027 ($MILLION)
TABLE 02.GLOBAL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019-2027 (MILLION UNITS)
TABLE 03.SELF-MONITORING BLOOD GLUCOSE DEVCIES MARKET FOR TEST STRIPS, BY REGION, 2019-2027 ($MILLION)
TABLE 04.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR THE LANCETS, BY REGION, 2019-2027 ($MILLION)
TABLE 05.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR BLOOD GLUCOSE METERS, BY REGION, 2019-2027 ($MILLION)
TABLE 06.GLOBAL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET REVENUE, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 07.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR TYPE 1 DIABETES, BY REGION, 2019-2027 ($MILLION)
TABLE 08.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR TYPE 2 DIABETES, BY REGION, 2019-2027 ($MILLION)
TABLE 09.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR GESTATIONAL DIABETES, BY REGION, 2019-2027 ($MILLION)
TABLE 10.GLOBAL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET REVENUE, BY END USER, 2019–2027 ($MILLION)
TABLE 11.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR HOSPITALS, BY REGION, 2019–2027($MILLION)
TABLE 12.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR HOME SETTINGS, BY REGION, 2019–2027($MILLION)
TABLE 13.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR DIAGNOSTIC CENTERS, BY REGION, 2019–2027($MILLION)
TABLE 14.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY REGION, 2019–2027($MILLION)
TABLE 15.NORTH AMERICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 16.U.S. SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 17.U.S. SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 18.U.S. SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 19.CANADA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 20.CANADA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 21.CANADA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 22.MEXICO SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 23.MEXICO SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 24.MEXICO SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 25.NORTH AMERICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 26.NORTH AMERICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 27.NORTH AMERICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 28.EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 29.GERMANY SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 30.GERMANY SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 31.GERMANY SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 32.FRANCE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 33.FRANCE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 34.FRANCE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 35.UK SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 36.UK SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 37.UK SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 38.ITALY SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 39.ITALY SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 40.ITALY SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 41.SPAIN SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 42.SPAIN SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 43.SPAIN SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 44.REST OF EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 45.REST OF EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 46.REST OF EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 47.EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 48.EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 49.EUROPE SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 50.ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 51.JAPAN SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 52.JAPAN SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 53.JAPAN SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 54.CHINA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 55.CHINA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 56.CHINA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 57.INDIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 58.INDIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 59.INDIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 60.AUSTRALIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 61.AUSTRALIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 62.AUSTRALIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 63.SOUTH KOREA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 64.SOUTH KOREA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 65.SOUTH KOREA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 66.REST OF ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 67.REST OF ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 68.REST OF ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 69.ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 70.ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 71.ASIA-PACIFIC SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 72.LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY COUNTRY, 2019–2027($MILLION)
TABLE 73.BRAZIL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 74.BRAZIL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 75.BRAZIL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 76.SAUDI ARABIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 77.SAUDI ARABIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 78.SAUDI ARABIA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 79.SOUTH ARICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 80.SOUTH ARICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 81.SOUTH ARICA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 82.REST OF LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 83.REST OF LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 84.REST OF LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 85.LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY PRODUCT, 2019–2027($MILLION)
TABLE 86.LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY APPLICATION, 2019–2027($MILLION)
TABLE 87.LAMEA SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET, BY END USER, 2019–2027($MILLION)
TABLE 88.ABBOTT: COMPANY SNAPSHOT
TABLE 89.ABBOTT: OERATING SEGMENT
TABLE 90.ABBOTT: PRODUCT PORTFOLIO
TABLE 91.ARKRAY: COMPANY SNAPSHOT
TABLE 92.ARKRAY: PRODUCT PORTFOLIO
TABLE 93.B. BRAUN: COMPANY SNAPSHOT
TABLE 94.B. BRAUN: BUSINESS SEGMENTS
TABLE 95.B. BRAUN: PRODUCT PORTFOLIO
TABLE 96.BIONIME: SNAPSHOT
TABLE 97.BIONIME: PRODUCT PORTFOLIO
TABLE 98.ROCHE: COMPANY SNAPSHOT
TABLE 99.ROCHE: OERATING SEGMENT
TABLE 100.ROCHE: PRODUCT PORTFOLIO
TABLE 101.LIFESCAN: COMPANY SNAPSHOT
TABLE 102.LIFESCAN: PRODUCT PORTFOLIO
TABLE 103.PHC HOLDINGS CORPORATION: COMPANY SNAPSHOT
TABLE 104.PHC HOLDINGS CORPORATION: BUSINESS SEGMENTS
TABLE 105.PHC HOLDINGS CORPORATION: PRODUCT PORTFOLIO
TABLE 106.TERUMO: COMPANY SNAPSHOT
TABLE 107.TERUMO: OERATING SEGMENT
TABLE 108.TERUMO: PRODUCT PORTFOLIO
TABLE 109.TRIVIDIA HEALTH, INC.: COMPANY SNAPSHOT
TABLE 110.TRIVIDIA HEALTH, INC.: PRODUCT SEGMENTS
TABLE 111.TRIVIDIA HEALTH, INC.: PRODUCT PORTFOLIO
TABLE 112.YPSOMED GROUP: COMPANY SNAPSHOT
TABLE 113.YPSOMED GROUP: OPERATING SEGMENTS
TABLE 114.YPSOMED GROUP: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.GLOBAL SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET SEGMENTATION
FIGURE 02.TOP INVESTMENT POCKETS
FIGURE 03.TOP WINNING STRATEGIES, BY YEAR, 2017–2020*
FIGURE 04.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017–2020* (%)
FIGURE 05.TOP WINNING STRATEGIES, BY COMPANY, 2017–2020*
FIGURE 06.MARKET SHARE ANALYSIS, 2019
FIGURE 07.GLOBAL DIABETES ESTIMATES IN PEOPLE OLDER THAN 65 YEARS IN 2019, 2030 & 2045
FIGURE 08.IMPACT ANALYSES
FIGURE 09.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR TEST STRIPS, BY REGION, 2019-2027  (MILLION UNITS)
FIGURE 10.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR TEST STRIPS, 2019 & 2027 (%)
FIGURE 11.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR LANCETS, BY REGION, 2019-2027 (MILLION UNITS)
FIGURE 12.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR THE LANCETS, 2019 & 2027 (%)
FIGURE 13.SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR LANCETS, BY REGION, 2019-2027 (MILLION UNITS)
FIGURE 14.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR BLOOD GLUCOSE METERS , 2019 & 2027 (%)
FIGURE 15.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR TYPE 1 DIABETES, 2019 & 2027 (%)
FIGURE 16.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR TYPE 2 DIABETES, 2019 & 2027 (%)
FIGURE 17.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR GESTATIONAL DIABETES, 2019 & 2027 (%)
FIGURE 18.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR HOSPITALS, 2019 & 2027 (%)
FIGURE 19.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR HOME SETTINGS, 2019 & 2027 (%)
FIGURE 20.COMPARATIVE COUNTRY ANALYSIS OF SELF-MONITORING BLOOD GLUCOSE DEVICES MARKET FOR DIAGNOSTIC CENTERS, 2019 & 2027 (%)
FIGURE 21.U.S. SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 22.CANADA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 23.MEXICO SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 24.POPULATION STRUCTURE BY MAJOR AGE GROUPS, EU-28
FIGURE 25.GERMANY SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 26.FRANCE SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 27.UK SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 28.ITALY SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 29.SPAIN SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 30.REST OF EUROPE SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 31.JAPAN SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 32.CHINA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 33.INDIA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 34.AUSTRALIA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 35.SOUTH KOREA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 36.REST OF ASIA PACIFIC SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS  (%), 2019
FIGURE 37.BRAZIL SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 38.SAUDI ARABIA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 39.SOUTH AFRICA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 40.REST OF LAMEA SELF MONITORING BLOOD GLUCOSE DEVICES MARKET, MARKET SHARE ANALYSIS (%), 2019
FIGURE 41.ABBOTT: NET SALES, 2017–2019 ($MILLION)
FIGURE 42.ABBOTT: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 43.ABBOTT: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 44.B. BRAUN: NET SALES, 2017–2019 ($MILLION)
FIGURE 45.B. BRAUN: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 46.B. BRAUN: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 47.ROCHE: NET SALES, 2017–2019 ($MILLION)
FIGURE 48.ROCHE: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 49.ROCHE: REVENUE SHARE, BY REGION, 2019 (%)
FIGURE 50.TERUMO: NET SALES, 2017–2019 ($MILLION)
FIGURE 51.TERUMO: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 52.TERUMO: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 53.YPSOMED GROUP: NET SALES, 2017–2019 ($MILLION)
FIGURE 54.YPSOMED GROUP: REVENUE SHARE, BY SEGMENT, 2019 (%)
FIGURE 55.YPSOMED GROUP: REVENUE SHARE, BY REGION, 2019 (%)

 
 

Self-management of blood glucose is performed by piercing the finger to draw blood, and subsequently smearing blood to disposal test-strip. SMBG technique is highly recommended for people with diabetes to prevent the development of hypoglycemia and other diabetes-related problems.

According to the analyst, the adoption of diabetes care devices is expected to increase in the near future, owing to high prevalence rate of diabetes, rise in geriatric population, technological advancements in diabetes care devices, and changes in lifestyle of people, which make them highly susceptible to develop diabetes.

Thus, diabetes care devices are gaining popularity among patients as well as healthcare providers, owing to the benefits associated with them and their easy operation. Moreover, due to the outbreak of the COVID-19 pandemic, lockdown has been implemented to follow social distancing norms across the globe.

This has urged the need to reduce contact between healthcare providers and patients in hospital settings, which, in turn, is augmenting the demand of self-monitoring blood glucose devices. In addition, rise in preference of people toward portable technological products is expected to boost the adoption of Self-monitoring blood glucose devices.

However, adverse effects of some of these devices have been monitored in few patients. For instance, incorrect blood glucose readings may lead to treatment errors, for example, incorrect insulin dosing, which restrains the market growth.

The analyst further added that the use of self-monitoring blood glucose devices is highest in North America, owing to increase in awareness toward management of diabetes and heavy expenditure by the government on healthcare, followed by Europe and Asia-Pacific. In addition, self-monitoring blood glucose device providers and distributors have focused on expanding their presence in emerging economies, which is anticipated to drive the market growth.

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FREQUENTLY ASKED QUESTIONS?
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A. The total market value of self-monitoring blood glucose devices market is $8,490.79 million in 2019.

A. The forcast period for self-monitoring blood glucose devices market is 2020 to 2027

A. The market value of self-monitoring blood glucose devices market in 2020 is anticipated to be $8,983.26 million.

A. The base year is 2019 in self-monitoring blood glucose devices market

A. Top companies such as, F. Hoffman-La Roche Ltd., PHC Holdings Corporation, LifeScan Inc., Abbott Laboratories, B. Braun Melsungen AG, and Sinocare held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. Type 2 diabetes segment is the most influencing segment owing to factors such as high prevalence of type 2 diabetes and increasing adoption of self monitoring blood glucose devices.

A. The major factor that fuels the growth of the global self-monitoring blood glucose devices market includes increase in the incidence rate of diabetes, rise in geriatric population, technological advancements in diabetes monitoring devices, and rise in risk factors that lead to diabetes. This leads to surge in demand for self monitoring blood glucose devices which contribute to the growth of the market.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as India with a CAGR of 7.50%. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals & diagnostic centers equipped with advanced medical facilities.

A. Self-monitoring blood glucose devices are devices that are used to track and monitor blood glucose in diabetic patients with the help of test strips, lancets, and glucose meters.

A. The self-monitoring blood glucose devices are used to track and monitor blood glucose in diabetic patients for the management of diabetes.

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