Market Overview:
The global wearable glucometers market is expected to grow at a CAGR of 10.8% 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 wearable glucometers, and growing demand for home-based healthcare solutions. Based on type, the global wearable glucometers market is segmented into smartwatches, wristbands, skin patches, smart shoes and socks, and contact lenses. The contact lens segment is expected to grow at the highest CAGR during the forecast period owing to its advantages such as discreetness and accuracy. Based on application, the global wearable glucometers market is segmented into hospitals, specialty clinics, long-term care centers,, home care settings,, and others (including research institutes and pharmaceutical companies). The hospitals segment accounted for the largest share of this market in 2017 owing to rising number of patients with diabetes seeking hospitalization for treatment. However,.
Product Definition:
A wearable glucometer is a small device that attaches to clothing and measures blood sugar levels. These devices are often used by people with diabetes to monitor their blood sugar levels throughout the day. Wearable glucometers can be very important for people with diabetes, as they can help to ensure that blood sugar levels stay within a safe range.
Smartwatches:
Smartwatches are electronic devices that are used to monitor and display a variety of health-related information such as pulse, blood oxygen level, and other vital signs. The wearable technology market is expected to witness significant growth over the forecast period owing to increasing demand for continuous health monitoring devices.
Wristbands:
Wristbands are thin rubber or elastic bands that are used to measure blood glucose levels. They come in various sizes and can be attached to a meter or self-testing devices with a small hole for threading. The wristband is the most popular type of wearable device used for measuring blood sugar, as it is convenient and easy to use.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. The other applications include sports, medical and fitness centers, home care settings, hospitals and clinics, etc. Increasing awareness regarding diabetes is driving the demand for glucometers in these settings as they help maintain a normal blood glucose level.
In addition to this, manufacturers are launching new products with advanced features such as Bluetooth connectivity that helps users to analyze their daily sugar intake through smartphone apps or computer interfaces. For instance; Roche launched a new product - Accu-Chek Active Glucometer which has an integrated app that enables real-time data sharing and analysis between patients and healthcare professionals along with an auto-recording feature that stores user data for later reference which is expected to drive the market growth over the forecast period (2018 - 2030).
Regional Analysis:
North America dominated the global market in 2017. The presence of key players, favorable reimbursement policies, and rising awareness about diabetes management are some of the major factors driving regional growth. For instance, as per Diabetes Care Magazine in 2018, In U.S.
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to a large population base suffering from diabetes and increasing disposable income levels coupled with government initiatives for improving public healthcare systems in developing countries such as India & China is anticipated to drive this regional market at a significant pace during 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 wearable glucometers in the coming years.
- Rising awareness about diabetes and its complications: There is a growing awareness about diabetes and its complications among people across the world. This is likely to boost the demand for wearable glucometers in the near future.
- Technological advancements: The development of innovative technologies has led to the introduction of advanced and user-friendly wearable glucometers in the market. This is likely to fuel market growth in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Glucometers Market Research Report
By Type
Smartwatches, Wristbands, Skin Patches, Smart Shoes And Socks, Contact Lenses
By Application
Hospitals, Specialty Clinics, Long-term Care Centers, Home Care Settings, Others
By Companies
Dexcom, Abbott Laboratories, Bayer, Johnson and Johnson, Medtronic, DiaMon Tech GmbH, F.Hoffman-La Roche, Terumo Corporation, Sanofi S.A
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Glucometers Market Report Segments:
The global Wearable Glucometers market is segmented on the basis of:
Types
Smartwatches, Wristbands, Skin Patches, Smart Shoes And Socks, Contact Lenses
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, Specialty Clinics, Long-term Care Centers, Home Care Settings, 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:
- Dexcom
- Abbott Laboratories
- Bayer
- Johnson and Johnson
- Medtronic
- DiaMon Tech GmbH
- F.Hoffman-La Roche
- Terumo Corporation
- Sanofi S.A
Highlights of The Wearable Glucometers 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:
- Smartwatches
- Wristbands
- Skin Patches
- Smart Shoes And Socks
- Contact Lenses
- By Application:
- Hospitals
- Specialty Clinics
- Long-term Care Centers
- Home Care Settings
- 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 Wearable Glucometers 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Wearable Glucometers are devices that measure blood sugar levels. They are worn on the body like a watch and can be used to monitor blood sugar levels in people with diabetes or prediabetes.
Some of the major players in the wearable glucometers market are Dexcom, Abbott Laboratories, Bayer, Johnson and Johnson, Medtronic, DiaMon Tech GmbH, F.Hoffman-La Roche, Terumo Corporation, Sanofi S.A.
The wearable glucometers market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Glucometers 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 Wearable Glucometers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Glucometers 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 Wearable Glucometers 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 Wearable Glucometers Market Size & Forecast, 2020-2028
4.5.1 Wearable Glucometers Market Size and Y-o-Y Growth
4.5.2 Wearable Glucometers 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 Smartwatches
5.2.2 Wristbands
5.2.3 Skin Patches
5.2.4 Smart Shoes And Socks
5.2.5 Contact Lenses
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 Specialty Clinics
6.2.3 Long-term Care Centers
6.2.4 Home Care Settings
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Glucometers 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 Wearable Glucometers 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 Smartwatches
9.6.2 Wristbands
9.6.3 Skin Patches
9.6.4 Smart Shoes And Socks
9.6.5 Contact Lenses
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 Specialty Clinics
9.10.3 Long-term Care Centers
9.10.4 Home Care Settings
9.10.5 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 Smartwatches
10.6.2 Wristbands
10.6.3 Skin Patches
10.6.4 Smart Shoes And Socks
10.6.5 Contact Lenses
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 Specialty Clinics
10.10.3 Long-term Care Centers
10.10.4 Home Care Settings
10.10.5 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 Smartwatches
11.6.2 Wristbands
11.6.3 Skin Patches
11.6.4 Smart Shoes And Socks
11.6.5 Contact Lenses
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 Specialty Clinics
11.10.3 Long-term Care Centers
11.10.4 Home Care Settings
11.10.5 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 Smartwatches
12.6.2 Wristbands
12.6.3 Skin Patches
12.6.4 Smart Shoes And Socks
12.6.5 Contact Lenses
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 Specialty Clinics
12.10.3 Long-term Care Centers
12.10.4 Home Care Settings
12.10.5 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 Smartwatches
13.6.2 Wristbands
13.6.3 Skin Patches
13.6.4 Smart Shoes And Socks
13.6.5 Contact Lenses
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 Specialty Clinics
13.10.3 Long-term Care Centers
13.10.4 Home Care Settings
13.10.5 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 Wearable Glucometers Market: Competitive Dashboard
14.2 Global Wearable Glucometers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dexcom
14.3.2 Abbott Laboratories
14.3.3 Bayer
14.3.4 Johnson and Johnson
14.3.5 Medtronic
14.3.6 DiaMon Tech GmbH
14.3.7 F.Hoffman-La Roche
14.3.8 Terumo Corporation
14.3.9 Sanofi S.A
