Market Overview:
The global diabetes monitors market is expected to grow at a CAGR of 7.5% 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 diabetes monitoring devices, and rising awareness about diabetes and its complications. The global diabetes monitors market is segmented on the basis of type into point sample test based glucose monitors and CGMs (continuous glucose monitoring systems). The point sample test based glucose monitor segment is expected to dominate the global diabetic monitors market during the forecast period owing to their low cost and easy availability as compared to CGMs. However, CGMs are witnessing a higher growth rate than point sample test based glucose monitors due to their ability to provide real-time information on blood sugar levels which helps in better glycemic control among patients with diabetes mellitus. On the basis of application, hospitals accounted for majority share of revenue generated by sales of diabetic monitoring devices in 2017; however, dental clinics are expected witness highest CAGR over the forecast period owing growing demand for preventive dentistry services across globe.
Product Definition:
A diabetes monitor is a medical device used to measure blood sugar levels in people with diabetes. Diabetes monitors come in a variety of forms, including traditional blood glucose meters, continuous glucose monitors (CGM), and insulin pumps.
Point Sample Test Based Glucose Monitors:
Point-sample test based glucose monitors are used to measure blood sugar at a particular point of time. It is an invasive procedure and involves drawing a small sample from the vein using a needle. The level of accuracy achieved by these devices depends on the skill and experience of healthcare professionals in operating them, along with their training.
CGM:
CGM or continuous glucose monitoring is a technique that involves measuring blood sugar levels at a regular time interval. The most common form of CGM used in diabetes monitors are the self-monitoring devices, which include lancets and sensors. These devices are easy to use and provide instant results, which help patients to take necessary actions for controlling or preventing diabetes.
Application Insights:
In 2017, the hospitals segment dominated the diabetes monitors market and this trend is expected to continue over the forecast period. Diabetes monitoring in hospital is critical for ensuring that blood glucose levels are kept within normal limits while treating type 1 and 2 diabetes. A large number of patients suffering from diabetic ketoacidosis or hyperglycemic state visits hospital for treatment, which increases demand for continuous glucose monitoring devices in hospitals.
The dental clinics segment is expected to register a significant CAGR of XX% during the forecast period owing to increasing awareness about preventive care among consumers regarding oral health issues such as cavities and gum disease. Furthermore, an increase in patient visits due to new product launches by various manufacturers coupled with rising consumer awareness will boost growth over the coming years. For instance, according to a study published by NCBI in 2018, around 41% of U.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing cases of diabetes and growing adoption of advanced technologies in healthcare. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income, improving economic conditions, and high unmet clinical needs coupled with availability of new products in this region. Moreover, increasing awareness about CGM products among patients will drive regional growth further.
In 2016 Novo Nordisk along with partners organized a program named “Diabetes Camp†which was aimed at creating awareness regarding insulin pumps & continuous glucose monitoring devices amongst people suffering from diabetes as well as amongst health professionals attending Diabetes India meet that year (2016).
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. This is primarily because of the changing lifestyle and dietary habits of people across the world. As a result, there is an increased demand for diabetes monitors and other related devices and therapies.
- Technological advancements: Diabetes monitors are becoming increasingly sophisticated with each passing day, thanks to the rapid advances in technology. This has led to a rise in their adoption rates, as they are now able to provide more accurate readings than ever before.
- Growing awareness about diabetes: There is growing awareness about diabetes among people all over the world due to various campaigns by health organizations and governments alike. As a result, there is an increased demand for affordable and easy-to-use diabetes monitors that can help people manage their condition better.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diabetes Monitors Market Research Report
By Type
Point Sample Test Based Glucose Monitors, CGM
By Application
Hospitals, Dental Clinics
By Companies
Panasonic, Abbott Laboratories, Dexcom, Roche, Medtronic, LifeScan, Sanofi
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
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Diabetes Monitors Market Report Segments:
The global Diabetes Monitors market is segmented on the basis of:
Types
Point Sample Test Based Glucose Monitors, CGM
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
Hospitals, Dental Clinics
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:
- Panasonic
- Abbott Laboratories
- Dexcom
- Roche
- Medtronic
- LifeScan
- Sanofi
Highlights of The Diabetes Monitors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Point Sample Test Based Glucose Monitors
- CGM
- By Application:
- Hospitals
- Dental Clinics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diabetes Monitors 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.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Diabetes monitors are devices that help people with diabetes keep track of their blood sugar levels. They can be worn on the body, or carried in a pocket. Diabetes monitors can measure blood sugar levels in real time, or over a period of time (usually several hours).
Some of the major players in the diabetes monitors market are Panasonic, Abbott Laboratories, Dexcom, Roche, Medtronic, LifeScan, Sanofi.
The diabetes monitors market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diabetes Monitors 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 Diabetes Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diabetes Monitors 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 Diabetes Monitors 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 Diabetes Monitors Market Size & Forecast, 2020-2028
4.5.1 Diabetes Monitors Market Size and Y-o-Y Growth
4.5.2 Diabetes Monitors Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Point Sample Test Based Glucose Monitors
5.2.2 CGM
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Dental Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diabetes Monitors 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 Diabetes Monitors 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Point Sample Test Based Glucose Monitors
9.6.2 CGM
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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Dental Clinics
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Point Sample Test Based Glucose Monitors
10.6.2 CGM
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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Dental Clinics
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Point Sample Test Based Glucose Monitors
11.6.2 CGM
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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Dental Clinics
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Point Sample Test Based Glucose Monitors
12.6.2 CGM
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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Dental Clinics
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Point Sample Test Based Glucose Monitors
13.6.2 CGM
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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Dental Clinics
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 Diabetes Monitors Market: Competitive Dashboard
14.2 Global Diabetes Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Panasonic
14.3.2 Abbott Laboratories
14.3.3 Dexcom
14.3.4 Roche
14.3.5 Medtronic
14.3.6 LifeScan
14.3.7 Sanofi
