The
glucose monitoring device market is projected to grow significantly by the end
of 2019. Prevalence of diabetes is a major factor driving market demand.
Adopting latest technology and consumer self-awareness of the technology are
other key driving factors of the market.
Diabetes,
also known as diabetes mellitus, results in high blood sugar due to the
inadequacy of insulin or due to the body’s inability to produce insulin, or
both. Common symptoms are frequent urination, hunger, and thirst. Serious
complications of diabetes can lead to kidney failure, heart disease, stroke,
foot failure, and eye damage.
Blood
glucose monitor (BGM) detects and monitor glucose levels. This can be done by
pricking blood from a finger and reanalyzing the result on a reagent strip. BGM
will witness a significant growth rate on account of rising diabetes cases in
children and aging population.
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A
continuous glucose monitor (CGM) monitors glucose levels every minute. Use of
these devices in homes and clinics are expected to boost demand for the glucose
monitoring device market. Non-invasive blood monitoring, regulations, and
intense rivalry are challenges restricting market growth. Integrated CGM
(continuous glucose monitors) – insulin pump systems are the newest trend.
Products
of the glucose monitoring device market comprise lancets, blood glucose testing
strips, and blood glucose meters. Lancets are used to prick the skin for blood
to determine glucose levels. Blood glucose testing strips work with conjunction
with a blood glucose monitor, while a blood glucose meter monitors approximate
glucose level. Blood glucose strip are the fastest growing product owing to its
consumable nature and increased application in homes and clinics.
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Regions
pertaining market interest are US, Japan, Germany, India, France, UK, Canada,
Spain, Italy, China, Brazil, and Australia. North America has captured 40% of
the global glucose monitoring device market in 2012 owing to its reimbursement
policies. US had a large share in blood glucose testing strips segment in the
same year. India and China are major markets for BGM devices on account of
changing consumer lifestyle and diet in the region.
Notable
players of the glucose monitoring device market include Bayer Healthcare, F.
Hoffman-La Roche, Abbott Laboratories, LifeScan, and Arkay.
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Table of Contents
Table
of Contents 7
1.1
List of Tables 9
1.2
List of Figures 10
2
Introduction 12
3 Global Glucose Monitoring Device
Market: Device Overview 13
3.1
Glucose Monitoring Devices 13
3.1.1
Blood Glucose Meter 13
3.1.2
Blood Glucose Testing Strips 13
3.1.3
Lancets 13
4 Global Glucose Monitoring Device
Market: Market Characterization 14
4.1
Global Glucose Monitoring Device Market, Revenue ($bn), 2005-2012 14
4.2
Glucose Monitoring Device Market, Revenue ($bn), 2012-2019 15
4.3
Glucose Monitoring Device Market, Global, Key Company Shares (%), 2012 16
4.4
Glucose Monitoring Device Market, Key Trends 18
4.4.1
Integrated CGM - Insulin pump Systems 18
4.4.2
New Market Entrants to Change the Market Dynamics 19
4.4.3
Awareness Campaigns and Education Programs Result in Better Prevention and
Treatment Plans 20
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