Enjoy complimentary customisation on priority with our Enterprise License!
The APAC blood glucose monitoring market size is forecast to increase by USD 1.50 billion at a CAGR of 8.5% between 2023 and 2028. The blood glucose monitoring market is experiencing significant growth due to the rising prevalence of diabetes and the increasing adoption of home healthcare devices. The number of people diagnosed with diabetes continues to increase worldwide, driving the demand for accurate and convenient blood glucose monitoring solutions. Additionally, the use of home healthcare devices allows patients to monitor their blood sugar levels regularly, enabling better management of their condition and preventing complications. Another factor contributing to market growth is the lower diagnosis and treatment rate for diabetes in various regions, highlighting the importance of early and regular monitoring. Key components of blood glucose monitoring systems include glucometers, testing strips, lancets, alcohol swabs, and bandages. Infection prevention is a critical trend in the market, with manufacturers focusing on developing devices that minimize the risk of infection during the testing process.
Blood glucose monitoring, a crucial aspect of diabetes management has gained significant importance in recent years due to the increasing prevalence of diabetes worldwide. People with diabetes, especially those with Type 1 and Type 2, require regular monitoring of their blood sugar levels to maintain optimal health and prevent potential complications. Blood glucose meters, also known as glucometers, are portable devices used to measure the amount of glucose present in a person's blood. These devices offer convenience and accuracy, enabling individuals to test their blood sugar levels anytime, anywhere. The process involves using a lancet, a finger-stick device, to prick the skin and obtain a small blood sample. An alcohol swab is used to clean the area before testing to ensure accurate results. Once the blood sample is obtained, a testing strip is inserted into the blood glucose monitor. The monitor analyzes the sample and displays the blood sugar level on a digital display. It is essential to follow proper infection prevention techniques, such as using a new lancet and testing strip for each test and applying a bandage after testing to prevent infection.
Moreover, understanding the blood sugar range is vital for effective diabetes management. Fasting blood sugar levels, measured after an overnight fast, should ideally be between 70-130 mg/dL. Post-meal blood sugar levels should not exceed 180 mg/dL two hours after eating. Maintaining optimal blood sugar levels is crucial for preventing complications associated with diabetes. These include heart disease, nerve damage, vision problems, poor blood flow, and kidney disease. Low blood sugar levels, or hypoglycemia, can also pose risks, with symptoms such as confusion, weakness, and dizziness. Effective diabetes management involves a combination of lifestyle modifications and medication. Nutritional snack ideas, medication dosage, and exercise are essential components of managing blood sugar levels. Regular testing, along with maintaining a balanced diet, taking prescribed medications, and engaging in regular physical activity, can help individuals manage their diabetes effectively and prevent potential complications. In conclusion, blood glucose monitoring plays a vital role in diabetes management, allowing individuals to maintain optimal blood sugar levels and prevent potential complications. Regular testing, using accurate and convenient devices like blood glucose meters, is a crucial aspect of managing diabetes effectively. Proper infection prevention techniques, understanding the blood sugar range, and implementing lifestyle modifications are essential components of effective diabetes management.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The SMBG segment is estimated to witness significant growth during the forecast period. The Self-Monitoring Blood Glucose (SMBG) market in the Asia Pacific (APAC) region is poised for substantial growth due to the escalating diabetes prevalence. Countries like India and China have a substantial diabetic population and are projected to witness a high increase in diabetes cases during the forecast period.
Get a glance at the market share of various segments Download the PDF Sample
The SMBG segment was valued at USD 1.96 billion in 2018. SMBGs are the preferred choice for patients in APAC, as they offer safety, portability, accuracy, and low power consumption. companies are introducing advanced and innovative SMBG devices, such as glucometers, testing strips, lancets, alcohol swabs, and bandages, to cater to the increasing demand. These devices ensure infection prevention and facilitate convenient and timely blood sugar level monitoring. The availability of these user-friendly devices is expected to fuel the market's growth in the APAC region.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising prevalence of diabetes is a key driver shaping growth. The global diabetes population is on the rise due to various factors, including obesity, smoking, sedentary lifestyles, and urbanization. The elderly population also has a higher incidence of diabetes. According to the International Diabetes Foundation, the number of adults living with diabetes in the Southeast Asia region was 90 million in 2021. This number is projected to reach 113 million by 2030 and 152 million by 2045. The increasing diabetes population, especially those with insulin-dependent type-1 or type-2 diabetes, has led to a significant increase in the adoption of blood glucose monitoring devices, such as glucose meters and test strips.
Moreover, these devices are essential tools for diabetes management, enabling patients to make informed food decisions and adjust their physical activity levels based on their glucose levels. Healthcare providers also rely on these devices to monitor their patients' treatment plans and ensure effective diabetes management. Thus, such factors drive the growth of the market during the forecast period.
Increasing adoption of home healthcare devices is the key trend in the market. The Importance of Blood Glucose Monitoring in Diabetes Management: Frequent Testing with BGM Devices Diabetes is a chronic health condition that requires continuous management through medication and lifestyle modifications. One essential tool in diabetes care is Blood Glucose Monitoring (BGM), which enables individuals to monitor their glucose levels regularly. BGM devices, including blood glucose test strips and meters, have gained popularity due to their portability and ease of use. These devices are crucial for diabetes management, especially for individuals with Type 1 and Type 2 diabetes, as maintaining blood glucose targets is vital for preventing complications. Frequent monitoring of glucose levels is essential for successful diabetes control. Dehydration or hormonal changes during puberty can impact glucose levels, making regular testing even more critical. BGM devices offer an accurate and quick glucose level reading in seconds, allowing individuals to adjust their diet, medication, or lifestyle accordingly.
Additionally, interstitial fluid sensors provide an alternative to traditional finger stick tests, offering continuous glucose monitoring for better diabetes management. In conclusion, blood glucose monitoring is an essential aspect of diabetes care, enabling individuals to manage their condition effectively and maintain optimal glucose levels. The use of BGM devices, such as blood glucose test strips and meters, offers convenience, accuracy, and quick results, making them an indispensable tool for diabetes management. Thus, such trends will shape the growth of the market during the forecast period.
Lower diagnosis and treatment rate is the major challenge that affects the growth. Factors Influencing the Adoption of Blood Glucose Monitoring Systems in Diabetes Management: A Focus on Undiagnosed Population and Accessibility Issues The adoption of Blood Glucose Monitoring Systems (BGM) for diabetes management faces challenges in various regions, particularly in emerging nations. A significant portion of the population in countries like China and India remains undiagnosed due to the low awareness of chronic diseases such as diabetes mellitus. According to International Diabetes Federation data from 2021, over 55% of diabetes patients in the Asia-Pacific (APAC) region are undiagnosed, with India, China, and Indonesia having the highest numbers. Accessibility issues, including limited traditional procedures by governments or commercial entities and insufficient advanced healthcare infrastructure, hinder market growth. Other factors, such as illness, surgery, stress, smoking, insulin dosing, carbohydrate intake, and corticosteroid medications, necessitate regular blood glucose monitoring.
However, the high cost of BGM systems and the lack of reimbursement policies in many countries further impede their widespread use. To address these challenges, efforts are being made to increase public awareness, improve access to affordable BGM systems, and establish reimbursement policies. These initiatives aim to improve diabetes management and reduce the burden of complications associated with undiagnosed or poorly managed diabetes. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Abbott Laboratories: The company offers blood glucose monitoring devices under the brand name Freestyle, that offer a range of features to meet the specific needs of people living with diabetes.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Blood Glucose Monitoring: Essential Tool for Managing Diabetes and Preventing Complications Blood glucose monitoring plays a crucial role in managing diabetes and preventing complications. People with diabetes must regularly check their blood sugar levels using a glucometer, a finger-stick device that measures the amount of glucose in a sample of blood. The process involves cleaning the testing site with an alcohol swab, pricking the finger with a lancet, and applying a bandage for infection prevention. Digital display glucometers provide quick and accurate results, allowing individuals to monitor their blood sugar range throughout the day. Fasting, diet, medication dosage, exercise, and stress are essential factors that influence blood sugar levels. Proper diabetes management includes making food decisions based on carbohydrate intake, physical activity, and insulin dosing.
Moreover, conditions such as heart disease, nerve damage, vision problems, poor blood flow, kidney disease, and low blood sugar can be indicators of high or unstable blood sugar levels. Symptoms of low blood sugar include confusion, weakness, dizziness, jitters, sweating, and more. Regular monitoring and adherence to a treatment plan, including insulin and glucose meters, test strips, and sensors, are essential for maintaining optimal blood glucose targets. Factors such as illness, surgery, stress, smoking, dehydration, puberty, and the dawn phenomenon can impact blood sugar levels, making consistent monitoring even more critical. Consulting a healthcare provider for a treatment plan and understanding the importance of medication, insulin dosing, and lifestyle modifications are essential for managing diabetes effectively.
Market Scope |
|
Report Coverage |
Details |
Page number |
130 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.5% |
Market Growth 2024-2028 |
USD 1.50 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.7 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Abbott Laboratories, ACON Laboratories Inc., Advin Health Care, ARKRAY Inc., Bionime Corp., Dexcom Inc., F. Hoffmann La Roche Ltd., Hangzhou Sejoy Electronics and Instruments Co. Ltd., Johnson and Johnson Services Inc., medisana GmbH, Medtronic Plc, Novo Nordisk AS, PHC Holdings Corp., Pulsatom Healthcare Pvt. Ltd., Rossmax International Ltd., SiBionics, Sinocare Inc., WaveForm Technologies Inc., and Zhejiang POCTech Co. Ltd. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.