Market Overview:
The global smart blood glucose 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 blood glucose monitoring devices, and rising demand for home-based blood glucose monitoring devices. Based on type, the global smart blood glucose monitors market is segmented into photoelectric type and electrode type. The photoelectric type segment is expected to account for a larger share of the global market than the electrode type segment during the forecast period. This can be attributed to factors such as technological advancements in photoelectric sensors and growing demand for portable and easy-to-use devices. Based on application, the global smart blood glucose monitors market is divided into hospital care, clinics care, home care, and others (including research institutes).
Product Definition:
A Smart Blood Glucose Monitor is a device that can wirelessly transmit blood glucose readings to a mobile device or computer. This allows for real-time monitoring of blood sugar levels and immediate feedback on how food and exercise are affecting glucose levels. Smart Blood Glucose Monitors can also provide alerts when blood sugar levels are too high or too low, which can help people with diabetes to manage their condition more effectively.
Photoelectric Type Blood Glucose Monitor:
The photoelectric type blood glucose monitor is a device used to measure the blood sugar level of patient with the help of light and optical sensors. The Photoelectric Type Blood Glucose Monitor works on the principle that when a small quantity of liquid flows across a transparent barrier, an image is formed which is then displayed on its screen. It’s easy to use and understand technology makes it more popular among patients suffering from diabetes who need regular monitoring.
Electrode Type Blood Glucose Monitor:
Electrode type blood glucose monitor is used in smart blood glucose monitors to measure the level of sugar in the blood. The traditional method of measuring the level of sugar in the body is through a small drop of urine or serum sample and checking its color against a printed test strip. This process requires manual handling, which may lead to errors.
Application Insights:
The others application segment held the largest market share of over 40% in 2017. The other major applications include diabetes clinics and hospitals. Diabetes clinics are centers that offer diagnosis and treatment for type 2 diabetes, pre-diabetes, and other related diseases under one roof. These clinics provide consultation services as well as medical checkups to patients suffering from chronic diseases such as heart disease, hypertension, stroke etc. Type 1 diabetics often go to special healthcare facilities known as diabetic hospitals for better management of their condition due to advanced equipment used there for monitoring blood glucose levels etc. Such trends are expected to drive the global smart blood glucose monitors market in the coming years owing to increased demand among patients suffering from diabetes or pre-diabetes conditions worldwide.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high awareness levels coupled with easy access to healthcare infrastructure and products. The region is expected to maintain its dominance throughout the forecast period owing to continuous technological advancements in devices and related fields.
Asia Pacific is anticipated to witness lucrative growth over the forecast period due to rising disposable income, improving economic conditions, increasing health awareness among people along with government support for developing healthcare infrastructure are some factors driving regional growth. Moreover, growing target disease population base will drive demand further as smart blood glucose monitors help avoid low blood sugar levels that could lead into coma or death especially during times of financial crisis or natural calamities such as earthquakes & hurricanes (Yahoo Finance 2016).
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 smart blood glucose monitors in the coming years.
- Growing awareness about diabetes and its management: There is a growing awareness among people about diabetes and its management. This is likely to boost the demand for smart blood glucose monitors in the near future.
- Technological advancements: The technological advancements in smart blood glucose monitors are helping to improve their accuracy and usability, which is driving their adoption worldwide.
- Rising incidence of obesity: Obesity has emerged as one of the leading risk factors for type 2 diabetes mellitus, which is further fueling the demand for smart blood glucose monitors globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Blood Glucose Monitors Market Research Report
By Type
Photoelectric Type Blood Glucose Monitor, Electrode Type Blood Glucose Monitor
By Application
Hospital, Clinics, Home Care, Others
By Companies
Roche, JNJ, Bayer, Abbott, Omron, Arkray, Grace, B.Braun, I-SENS,Inc, Infopia Co., Ltd, Roche, Sannuo, Dnurse, Tencents
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
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Smart Blood Glucose Monitors Market Report Segments:
The global Smart Blood Glucose Monitors market is segmented on the basis of:
Types
Photoelectric Type Blood Glucose Monitor, Electrode Type Blood Glucose Monitor
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, Home Care, Others
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
- JNJ
- Bayer
- Abbott
- Omron
- Arkray
- Grace
- B.Braun
- I-SENS,Inc
- Infopia Co., Ltd
- Roche
- Sannuo
- Dnurse
- Tencents
Highlights of The Smart Blood Glucose 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:
- Photoelectric Type Blood Glucose Monitor
- Electrode Type Blood Glucose Monitor
- By Application:
- Hospital
- Clinics
- Home Care
- Others
- 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 Smart Blood Glucose 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.
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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?
Smart blood glucose monitors are devices that help people with diabetes monitor their blood sugar levels more accurately. They typically have a small sensor that is inserted under the skin, and they send data wirelessly to a receiver worn on the body. Smart blood glucose monitors can also provide real-time information about how well the person's diabetes is controlled, as well as alerts if there are any signs of high or low blood sugar.
Some of the key players operating in the smart blood glucose monitors market are Roche, JNJ, Bayer, Abbott, Omron, Arkray, Grace, B.Braun, I-SENS,Inc, Infopia Co., Ltd, Roche, Sannuo, Dnurse, Tencents.
The smart blood glucose 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 Smart Blood Glucose 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 Smart Blood Glucose Monitors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Blood Glucose 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 Smart Blood Glucose 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 Smart Blood Glucose Monitors Market Size & Forecast, 2020-2028
4.5.1 Smart Blood Glucose Monitors Market Size and Y-o-Y Growth
4.5.2 Smart Blood Glucose 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 Photoelectric Type Blood Glucose Monitor
5.2.2 Electrode Type Blood Glucose Monitor
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 Hospital
6.2.2 Clinics
6.2.3 Home Care
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Blood Glucose 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 Smart Blood Glucose 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 Photoelectric Type Blood Glucose Monitor
9.6.2 Electrode Type Blood Glucose Monitor
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 Hospital
9.10.2 Clinics
9.10.3 Home Care
9.10.4 Others
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 Photoelectric Type Blood Glucose Monitor
10.6.2 Electrode Type Blood Glucose Monitor
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 Hospital
10.10.2 Clinics
10.10.3 Home Care
10.10.4 Others
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 Photoelectric Type Blood Glucose Monitor
11.6.2 Electrode Type Blood Glucose Monitor
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 Hospital
11.10.2 Clinics
11.10.3 Home Care
11.10.4 Others
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 Photoelectric Type Blood Glucose Monitor
12.6.2 Electrode Type Blood Glucose Monitor
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 Hospital
12.10.2 Clinics
12.10.3 Home Care
12.10.4 Others
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 Photoelectric Type Blood Glucose Monitor
13.6.2 Electrode Type Blood Glucose Monitor
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 Hospital
13.10.2 Clinics
13.10.3 Home Care
13.10.4 Others
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 Smart Blood Glucose Monitors Market: Competitive Dashboard
14.2 Global Smart Blood Glucose Monitors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Roche
14.3.2 JNJ
14.3.3 Bayer
14.3.4 Abbott
14.3.5 Omron
14.3.6 Arkray
14.3.7 Grace
14.3.8 B.Braun
14.3.9 I-SENS,Inc
14.3.10 Infopia Co., Ltd
14.3.11 Roche
14.3.12 Sannuo
14.3.13 Dnurse
14.3.14 Tencents
