Market Overview:
The global POC blood glucose monitoring devices 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 POC blood glucose monitoring devices, and rising demand for homecare settings. Based on type, the global POC blood glucose monitoring devices market is segmented into consumable and instruments. The consumable segment is further sub-segmented into test strips, lancets, and meters/readers. The instruments segment is further sub-segmented into glucometers and insulin pumps. Based on application, the global POC blood glucose monitoring devices market is divided into hospital & clinics, clinical diagnostic laboratories, and homecare settings.
Product Definition:
POC blood glucose monitoring devices are portable devices used to measure blood sugar levels. They are often used by people with diabetes to monitor their blood sugar levels throughout the day. POC blood glucose monitors can be very important for people with diabetes because they allow them to make quick and informed decisions about their health. For example, if a person's POC blood glucose monitor indicates that their blood sugar level is high, they may need to take corrective action, such as eating a snack or taking insulin.
Consumable:
Consumables are the materials or products that are used once and then get disposed of after a certain period. In the case of blood glucose monitoring devices, there are various types of consumables that include test strips, lancets, syringe needles & cartridges and testing equipment among others.
Instruments:
Instruments and it's usage in POC blood glucose monitoring devices market is expected to witness significant growth over the forecast period. The major factor that propels the growth of this market includes increasing prevalence of diabetes, growing awareness about self-monitoring blood glucose (SMBG), rising demand for point-of-care testing (POC) devices, and favorable government initiatives.
Application Insights:
The clinical diagnostic laboratories segment dominated the global POC blood glucose monitoring devices market in 2017. This can be attributed to factors such as an increase in demand for point-of-care testing and growing awareness among patients regarding hemoglobin A1C levels. For instance, according to a survey conducted by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), around 60% of patients with diabetes reported that they had a fingerstick test device at home. Furthermore, manufacturers are entering into partnerships with clinical diagnostic laboratories to expand their reach across hospitals and clinics. For instance, Roche has partnered with Quest Diagnostics for its OneTouch Ping test to expand its reach across clinics and hospitals worldwide.
Regional Analysis:
North America dominated the global POC blood glucose monitoring devices market in 2017. This can be attributed to favorable reimbursement policies, increasing prevalence of diabetes and awareness campaigns regarding the same. The Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising healthcare expenditure by governments and private organizations, improving healthcare infrastructure, growing patient awareness levels about early diagnosis of diabetes & its associated complications as well as availability of treatment options such as POC testing products. Moreover, an increase in disposable income levels coupled with a rise in consumer preference for technologically advanced medical solutions will drive regional growth over the forecast period.
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 monitoring devices in the coming years.
- Technological advancements: The development of novel technologies and their incorporation into blood glucose monitoring devices is likely to boost the growth of this market in the near future.
- Growing awareness about diabetes and its management: There has been a growing awareness about diabetes and its management among people across the world in recent years. This is likely to create a positive impact on the demand for blood glucose monitoring devices in the coming years.
- Rising incidence of obesity: Obesity has emerged as one of the leading risk factors for type 2 diabetes mellitus in recent times, which is expected to fuel demand for blood glucose monitoring devices overthe forecast period . 5) Government initiatives and funding: Governments across different countries are investing heavily in initiatives aimed at promoting early diagnosis and treatment of diabetes mellitus, which will spur growth prospects for POC blood glucose monitors market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
POC Blood Glucose Monitoring Devices Market Research Report
By Type
Consumable, Instruments
By Application
Hospital& Clinics, Clinical Diagnostic Laboratories, Homecare Settings
By Companies
Abbott, ARKRAY, Ascensia Diabetes Care, Danaher, F. Hoffmann-La Roche, Johnson & Johnson, Abbott
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
187
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global POC Blood Glucose Monitoring Devices Market Report Segments:
The global POC Blood Glucose Monitoring Devices market is segmented on the basis of:
Types
Consumable, Instruments
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
Hospital& Clinics, Clinical Diagnostic Laboratories, Homecare Settings
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:
- Abbott
- ARKRAY
- Ascensia Diabetes Care
- Danaher
- F. Hoffmann-La Roche
- Johnson & Johnson
- Abbott
Highlights of The POC Blood Glucose Monitoring Devices 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:
- Consumable
- Instruments
- By Application:
- Hospital& Clinics
- Clinical Diagnostic Laboratories
- Homecare Settings
- 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 POC Blood Glucose Monitoring Devices 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
- Market Entry Strategies
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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?
POC blood glucose monitoring devices are a type of medical device that is used to measure the level of blood sugar in people who have diabetes. These devices use a small sample of your blood to determine your blood sugar level.
Some of the major players in the poc blood glucose monitoring devices market are Abbott, ARKRAY, Ascensia Diabetes Care, Danaher, F. Hoffmann-La Roche, Johnson & Johnson, Abbott.
The poc blood glucose monitoring devices 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 POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size & Forecast, 2018-2028
4.5.1 POC Blood Glucose Monitoring Devices Market Size and Y-o-Y Growth
4.5.2 POC Blood Glucose Monitoring Devices Market Absolute $ Opportunity
Chapter 5 Global POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size Forecast by Type
5.2.1 Consumable
5.2.2 Instruments
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size Forecast by Applications
6.2.1 Hospital& Clinics
6.2.2 Clinical Diagnostic Laboratories
6.2.3 Homecare Settings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Analysis and Forecast
9.1 Introduction
9.2 North America POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size Forecast by Type
9.6.1 Consumable
9.6.2 Instruments
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 POC Blood Glucose Monitoring Devices Market Size Forecast by Applications
9.10.1 Hospital& Clinics
9.10.2 Clinical Diagnostic Laboratories
9.10.3 Homecare Settings
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 POC Blood Glucose Monitoring Devices Analysis and Forecast
10.1 Introduction
10.2 Europe POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size Forecast by Type
10.6.1 Consumable
10.6.2 Instruments
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 POC Blood Glucose Monitoring Devices Market Size Forecast by Applications
10.10.1 Hospital& Clinics
10.10.2 Clinical Diagnostic Laboratories
10.10.3 Homecare Settings
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 POC Blood Glucose Monitoring Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size Forecast by Type
11.6.1 Consumable
11.6.2 Instruments
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 POC Blood Glucose Monitoring Devices Market Size Forecast by Applications
11.10.1 Hospital& Clinics
11.10.2 Clinical Diagnostic Laboratories
11.10.3 Homecare Settings
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 POC Blood Glucose Monitoring Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America POC Blood Glucose Monitoring Devices 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 POC Blood Glucose Monitoring Devices Market Size Forecast by Type
12.6.1 Consumable
12.6.2 Instruments
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 POC Blood Glucose Monitoring Devices Market Size Forecast by Applications
12.10.1 Hospital& Clinics
12.10.2 Clinical Diagnostic Laboratories
12.10.3 Homecare Settings
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) POC Blood Glucose Monitoring Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) POC Blood Glucose Monitoring Devices 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) POC Blood Glucose Monitoring Devices Market Size Forecast by Type
13.6.1 Consumable
13.6.2 Instruments
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) POC Blood Glucose Monitoring Devices Market Size Forecast by Applications
13.10.1 Hospital& Clinics
13.10.2 Clinical Diagnostic Laboratories
13.10.3 Homecare Settings
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 POC Blood Glucose Monitoring Devices Market: Competitive Dashboard
14.2 Global POC Blood Glucose Monitoring Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott
14.3.2 ARKRAY
14.3.3 Ascensia Diabetes Care
14.3.4 Danaher
14.3.5 F. Hoffmann-La Roche
14.3.6 Johnson & Johnson
14.3.7 Abbott
