Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Blood Glucose Meters Market by Type (Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter), By Application (Home Care, Hospitals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Blood Glucose Meters Market by Type (Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter), By Application (Home Care, Hospitals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 291348 4200 Medical Devices & Consumables 377 202 Pages 4.8 (48)
                                          

Market Overview:


The global blood glucose meters market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, technological advancements in blood glucose meters, and rising demand for home care blood glucose meters. Based on type, the global blood glucose meters market is segmented into electrode type blood glucose meter and photoelectric blood glucose meter. The electrode type segment is further sub-segmented into disposable electrodes and reusable electrodes. The photoelectric segment is further sub-segmented into reflectance photometry and near-infrared spectroscopy (NIRS) photometry. Based on application, the global Blood Glucose Meters Market is divided into home care and hospitals segments. Geographically, the global Blood Glucose Meters Market has been classified into North America, Latin America, Europe Asia Pacific Middle East & Africa).


Global Blood Glucose Meters Industry Outlook


Product Definition:


A blood glucose meter is a medical device that measures the amount of sugar (glucose) in a person's blood. Blood glucose meters are important because they allow people with diabetes to monitor their blood sugar levels so they can make adjustments to their treatment plan as needed.


Electrode Type Blood Glucose Meter:


Electrode type blood glucose meter is used for measuring the level of glucose in human blood. The most commonly used electrodes are silver/ stainless steel and zinc/ copper alloy. These meters are available with two types of probes, disposable ones which can be purchased separately and can be changed after a period of time, depending upon the usage along with an reusable one which is generally made up of plastic or metal.


Photoelectric Blood Glucose Meter:


The photoelectric blood glucose meter is a device used to measure the blood sugar level of patients with the help of photo-optical technology. It works by detecting and sensing the presence of sugar in human blood. The Photoelectric Blood Glucose Meter (PZM) comes along with testing strips that can be used for testing as well as packaging human blood samples. These tests are accurate, easy to use, quick and patient friendly; all at an affordable price range.


Application Insights:


The market is segmented by application into home care, hospitals and clinics, and others. The home care segment dominated the overall blood glucose meters market in 2017 owing to increasing awareness about the benefits of regular monitoring of blood glucose levels among patients with diabetes. Furthermore, an increase in self-monitoring devices (SMD) use has contributed to a large share for this segment. According to a study published by CDC in September 2016, it was found that more than 54% of people with diabetes used some form of an SMD at least once per week for their blood glucose monitoring.


On the other hand, hospitals and clinics are expected to be the fastest growing application segments over the forecast period due to rising prevalence rates across developing countries such as India and China along with high expenditure on healthcare globally which will boost product demand there significantly over next few years.


Regional Analysis:


North America dominated the global blood glucose meters market in 2017. This can be attributed to the presence of a large number of players, high awareness levels coupled with technological advancements and government initiatives. For instance, as per an article published in The New York Times on March 15th 2018; ‘The FDA has approved two new devices that people with diabetes can use at home: One is a sensor patch that sticks to the skin and measures blood sugar every few hours; the other is a small plastic box worn around the neck’. Such government initiatives are expected to boost product demand over next eight years in North America region.


Asia Pacific region is anticipated to witness lucrative growth over next eight years owing to increasing cases of diabetes across countries such as India & China, rising disposable income especially among middle-class population groups.


Growth Factors:


  • Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is expected to drive the demand for blood glucose meters in the coming years.
  • Technological advancements: Blood glucose meters are becoming increasingly sophisticated, with new features being added regularly. This is likely to boost their adoption in the coming years.
  • Growing awareness about diabetes and its management: There is growing awareness about diabetes and its management among people all over the world, which is driving demand for blood glucose meters.

Scope Of The Report

Report Attributes

Report Details

Report Title

Blood Glucose Meters Market Research Report

By Type

Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter

By Application

Home Care, Hospitals

By Companies

Omron, Nipro Diagnostics, Abbott Diabetes Care, CERAGEM Medisys, EmsiG, Medisana, Roche, Beurer, Chang Gung Medical Technology, Omron

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

202

Number of Tables & Figures

142

Customization Available

Yes, the report can be customized as per your need.


Global Blood Glucose Meters Market Report Segments:

The global Blood Glucose Meters market is segmented on the basis of:

Types

Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Home Care, Hospitals

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Omron
  2. Nipro Diagnostics
  3. Abbott Diabetes Care
  4. CERAGEM Medisys
  5. EmsiG
  6. Medisana
  7. Roche
  8. Beurer
  9. Chang Gung Medical Technology
  10. Omron

Global Blood Glucose Meters Market Overview


Highlights of The Blood Glucose Meters Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Electrode Type Blood Glucose Meter
    2. Photoelectric Blood Glucose Meter
  1. By Application:

    1. Home Care
    2. Hospitals
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Blood Glucose Meters Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Global Blood Glucose Meters Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A blood glucose meter is a medical device that measures the level of glucose in your blood. Glucose meters are used to diagnose and monitor diabetes, to check the effectiveness of diabetes treatments, and to assess the risk of developing type 2 diabetes.

Some of the key players operating in the blood glucose meters market are Omron, Nipro Diagnostics, Abbott Diabetes Care, CERAGEM Medisys, EmsiG, Medisana, Roche, Beurer, Chang Gung Medical Technology, Omron.

The blood glucose meters market is expected to register a CAGR of 6.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Glucose Meters Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Blood Glucose Meters Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Blood Glucose Meters Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Blood Glucose Meters Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Blood Glucose Meters Market Size & Forecast, 2018-2028       4.5.1 Blood Glucose Meters Market Size and Y-o-Y Growth       4.5.2 Blood Glucose Meters Market Absolute $ Opportunity

Chapter 5 Global Blood Glucose Meters Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Blood Glucose Meters Market Size Forecast by Type
      5.2.1 Electrode Type Blood Glucose Meter
      5.2.2 Photoelectric Blood Glucose Meter
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Blood Glucose Meters Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Blood Glucose Meters Market Size Forecast by Applications
      6.2.1 Home Care
      6.2.2 Hospitals
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Blood Glucose Meters Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Blood Glucose Meters Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Blood Glucose Meters Analysis and Forecast
   9.1 Introduction
   9.2 North America Blood Glucose Meters Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Blood Glucose Meters Market Size Forecast by Type
      9.6.1 Electrode Type Blood Glucose Meter
      9.6.2 Photoelectric Blood Glucose Meter
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Blood Glucose Meters Market Size Forecast by Applications
      9.10.1 Home Care
      9.10.2 Hospitals
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Blood Glucose Meters Analysis and Forecast
   10.1 Introduction
   10.2 Europe Blood Glucose Meters Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Blood Glucose Meters Market Size Forecast by Type
      10.6.1 Electrode Type Blood Glucose Meter
      10.6.2 Photoelectric Blood Glucose Meter
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Blood Glucose Meters Market Size Forecast by Applications
      10.10.1 Home Care
      10.10.2 Hospitals
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Blood Glucose Meters Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Blood Glucose Meters Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Blood Glucose Meters Market Size Forecast by Type
      11.6.1 Electrode Type Blood Glucose Meter
      11.6.2 Photoelectric Blood Glucose Meter
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Blood Glucose Meters Market Size Forecast by Applications
      11.10.1 Home Care
      11.10.2 Hospitals
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Blood Glucose Meters Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Blood Glucose Meters Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Blood Glucose Meters Market Size Forecast by Type
      12.6.1 Electrode Type Blood Glucose Meter
      12.6.2 Photoelectric Blood Glucose Meter
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Blood Glucose Meters Market Size Forecast by Applications
      12.10.1 Home Care
      12.10.2 Hospitals
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Blood Glucose Meters Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Blood Glucose Meters Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Blood Glucose Meters Market Size Forecast by Type
      13.6.1 Electrode Type Blood Glucose Meter
      13.6.2 Photoelectric Blood Glucose Meter
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Blood Glucose Meters Market Size Forecast by Applications
      13.10.1 Home Care
      13.10.2 Hospitals
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Blood Glucose Meters Market: Competitive Dashboard
   14.2 Global Blood Glucose Meters Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Omron
      14.3.2 Nipro Diagnostics
      14.3.3 Abbott Diabetes Care
      14.3.4 CERAGEM Medisys
      14.3.5 EmsiG
      14.3.6 Medisana
      14.3.7 Roche
      14.3.8 Beurer
      14.3.9 Chang Gung Medical Technology
      14.3.10 Omron

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