Market Overview:
The global sensor-based glucose measuring system market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of diabetes, technological advancements in glucose monitoring systems, and growing demand for home care settings. Based on type, the self-monitoring glucose measuring system segment is expected to account for the largest share of the global sensor-based glucose measuring system market in 2018. This segment is projected to grow at a CAGR of 7.8% from 2018 to 2030 due to the increasing demand for portable and easy-to-use devices. Based on application, hospitals are expected to account for the largest share of the global sensor-based glucose measuring system market in 2018. However, clinics are projected to grow at a higher CAGR during the forecast period owing rising preference for outpatient care settings over hospitals among patients with diabetes mellitus (DM).
Product Definition:
A sensor-based glucose measuring system is a medical device that uses a sensor to measure the level of glucose in the blood. This type of system is important because it allows for more accurate and timely measurements of blood sugar levels than other methods, such as urine tests or fingerstick tests.
Self-monitoring Glucose Measuring System:
Self-monitoring glucose (SMS) is a system used for measuring blood sugar levels. It consists of devices and test strips that are used to measure the level of glucose in the patient's blood using a sensor. The data obtained from these tests is then transmitted to an application on a smartphone, which allows users to keep track of their daily sugar level readings.
Continuous Glucose Measuring System:
The continuous glucose measuring system is used in sensor-based glucose measuring systems. Sensor-based glucose measuring systems are portable devices that measure blood sugar levels and other related parameters using sensors. These devices can be used by patients suffering from diabetes as well as by healthy individuals for assessing the level of blood sugar in their bodies, which helps them maintain a normal lifestyle.
Application Insights:
The market is segmented into hospitals, clinics and home care settings based on application. The hospital segment dominated the overall market in terms of revenue share in 2017. This can be attributed to factors such as a high prevalence of diabetes-related complications and rising number of surgeries that require close monitoring of blood glucose levels for maintaining optimal health outcomes.
Sensor-based glucose measuring systems are used extensively by healthcare professionals for the accurate estimation of blood sugar level during diagnosis or treatment procedures, pre-, post-operative or hypoglycemic unawareness state management at hospitals and clinics. These devices aid clinicians in making better decisions regarding patient management by providing real-time data about patients¢â‚¬â„¢ condition thus improving clinical outcomes significantly across the globe.
The home care setting is expected to exhibit lucrative growth over the forecast period due to increasing awareness among endocrinologists, surgeons.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, technological advancements, and high adoption rate for new technologies in this region. Moreover, increasing cases of diabetes are also expected to drive regional growth over the forecast period. For instance, as per American Diabetes Association (ADA), Inc., around 29 million people have diabetes in U.S.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income and growing healthcare expenditure along with increasing awareness about available treatment options for diabetes patients coupled with rising prevalence rates of type 1 & 2 diabetes within this region will boost demand further In addition, economic development has led towards improvement in living standards thereby resulting into an increased risk factor population base suffering from chronic diseases such as cancer or diabetes that require constant monitoring.
Growth Factors:
- Increasing prevalence of diabetes: The global prevalence of diabetes is increasing at an alarming rate. According to the World Health Organization (WHO), the number of people with diabetes has quadrupled since 1980 and as of 2014, there were 422 million people living with diabetes. This number is expected to reach 642 million by 2040. This growing population will create a large demand for glucose monitoring devices, providing a growth driver for the sensor-based glucose measuring system market.
- Rising awareness about diabetic complications: Diabetes can cause serious health complications such as heart disease, stroke, blindness, kidney failure, and lower limb amputation. As a result, there is an increasing awareness among people about the importance of early diagnosis and treatment of diabetes to prevent these complications from developing. This increased awareness will lead to an increase in demand for glucose monitoring devices including sensor-based systems over the forecast period.
- 4 billion by 2030 according To WHO estimates,.This growing
Scope Of The Report
Report Attributes
Report Details
Report Title
Sensor Based Glucose Measuring System Market Research Report
By Type
Self-monitoring Glucose Measuring System, Continuous Glucose Measuring System
By Application
Hospitals, Clinics, Home Care Settings
By Companies
Roche, Abbott, Siemens, Nova Biomedical, Johnson & Johnson, Danaher, LifeScan, AgaMatrix, Medtronic
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Sensor Based Glucose Measuring System Market Report Segments:
The global Sensor Based Glucose Measuring System market is segmented on the basis of:
Types
Self-monitoring Glucose Measuring System, Continuous Glucose Measuring System
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, Clinics, Home Care 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:
- Roche
- Abbott
- Siemens
- Nova Biomedical
- Johnson & Johnson
- Danaher
- LifeScan
- AgaMatrix
- Medtronic
Highlights of The Sensor Based Glucose Measuring System 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:
- Self-monitoring Glucose Measuring System
- Continuous Glucose Measuring System
- By Application:
- Hospitals
- Clinics
- Home Care 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 Sensor Based Glucose Measuring System 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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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
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- 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?
A sensor-based glucose measuring system is a type of diabetes monitoring device that uses sensors to measure blood sugar levels. These devices typically use a small needle to prick the skin and draw blood, which is then sent to a laboratory for analysis. Sensor-based glucose measuring systems are often more accurate than traditional methods, such as using meters or scales, and they are becoming increasingly popular because they are easier to use.
Some of the major players in the sensor based glucose measuring system market are Roche, Abbott, Siemens, Nova Biomedical, Johnson & Johnson, Danaher, LifeScan, AgaMatrix, Medtronic.
The sensor based glucose measuring system 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 Sensor Based Glucose Measuring System 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 Sensor Based Glucose Measuring System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sensor Based Glucose Measuring System 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 Sensor Based Glucose Measuring System 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 Sensor Based Glucose Measuring System Market Size & Forecast, 2020-2028
4.5.1 Sensor Based Glucose Measuring System Market Size and Y-o-Y Growth
4.5.2 Sensor Based Glucose Measuring System 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 Self-monitoring Glucose Measuring System
5.2.2 Continuous Glucose Measuring System
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 Clinics
6.2.3 Home Care Settings
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sensor Based Glucose Measuring System 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 Sensor Based Glucose Measuring System 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 Self-monitoring Glucose Measuring System
9.6.2 Continuous Glucose Measuring System
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 Clinics
9.10.3 Home Care 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 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 Self-monitoring Glucose Measuring System
10.6.2 Continuous Glucose Measuring System
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 Clinics
10.10.3 Home Care 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 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 Self-monitoring Glucose Measuring System
11.6.2 Continuous Glucose Measuring System
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 Clinics
11.10.3 Home Care 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 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 Self-monitoring Glucose Measuring System
12.6.2 Continuous Glucose Measuring System
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 Clinics
12.10.3 Home Care 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) 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 Self-monitoring Glucose Measuring System
13.6.2 Continuous Glucose Measuring System
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 Clinics
13.10.3 Home Care 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 Sensor Based Glucose Measuring System Market: Competitive Dashboard
14.2 Global Sensor Based Glucose Measuring System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 Abbott
14.3.3 Siemens
14.3.4 Nova Biomedical
14.3.5 Johnson & Johnson
14.3.6 Danaher
14.3.7 LifeScan
14.3.8 AgaMatrix
14.3.9 Medtronic
