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Blood Glucose Monitoring System Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 124
  • SKU: IRTNTR73475
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The blood glucose monitoring system market share is expected to increase to USD 5.62 billion by 2026 at a progressing CAGR of 9.06%.

This blood glucose monitoring system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers blood glucose monitoring system market segmentations by the following:

  • Product - Self-monitoring and continuous glucose monitoring devices
  • Geography - North America, Europe, Asia, and Rest of World (ROW)

The blood glucose monitoring system market report also offers information on several market vendors, including Abbott Laboratories, ACON Laboratories Inc., ARKRAY Inc., B. Braun SE, Dexcom Inc., DiaMonTech AG, F. Hoffmann La Roche Ltd., GlySens Inc., i-SENS Inc., Indigo Diabetes NV, Intuity Medical Inc., Koninklijke Philips NV, LifeScan IP Holdings LLC, Medtronic Plc, Nipro Corp., OK Biotech Co. Ltd., PHC Holdings Corp., Prodigy Diabetes Care LLC, WaveForm Technologies Inc., and Ypsomed Holding AG among others.

What will the Blood Glucose Monitoring System Market Size be During the Forecast Period?

Blood Glucose Monitoring System Market Size

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Blood Glucose Monitoring System Market: Key Drivers, Trends, and Challenges

The availability of reimbursement for BGM devices is notably driving the blood glucose monitoring system market growth, although factors such as lower diagnosis and treatment rate may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the blood glucose monitoring system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Blood Glucose Monitoring System Market Driver

  • One of the key factors driving the global blood glucose monitoring system (BGM) market growth is the availability of reimbursement for BGM devices.
  • Broadening the access to novel therapies to help more individuals with diabetes is the goal of most companies that manufacture BGM devices.
  • BGMs are costly devices that require replacement within six to eight months. Medicare, the federal health insurance program in the US, covers approximately 80% of the cost of BGM devices for people with diabetes.
  • The American Association of Diabetes Educators has released a reimbursement procedure for primary care practice, which states that costs of medical services that are incurred by diabetic patients can be reimbursed through Medicare.
  • Medtronic has collaborated with diabetes-treating and other healthcare organizations to facilitate reimbursement, which will further drive the market growth.

Key Blood Glucose Monitoring System Market Trend

  • Rising demand for continuous blood glucose monitoring (CGM) devices is one of the key blood glucose monitoring system market trends that is expected to impact the industry positively in the forecast period.
  • Vendors of the blood glucose monitoring market have provided real-time monitoring for insulin-dependent patients by introducing new technology such as CGM systems.
  • CG systems have various benefits, including being less intrusive, less painful, real-time monitoring, and fast and exact results.
  • According to Abbott statistics, the number of FreeStyle Libre users worldwide increased from 3.0 million in 2020 to 4.0 million in 2021.
  • There are few companies that are focusing on noninvasive CGM research and development, and only a few devices have been launched in the European market.
  • The increased CGM adoption and market participants changing attention toward noninvasive blood monitoring systems are two important trends in the blood glucose monitoring system market.

Key Blood Glucose Monitoring System Market Challenge

  • One of the key challenges to the global BGM system market growth is the lower diagnosis and treatment rate.
  • Countries such as China and India have a higher prevalence of delayed diagnosis because chronic diseases such as diabetes mellitus are not well-known among the general public.
  • The lack of traditional procedures by government or commercial entities, as well as limited access to advanced healthcare infrastructure, may hamper market progress.
  • According to the data published by the International Diabetes Federation in 2021, the number of undiagnosed diabetic patients in APAC is over 55%, with countries such as India, China, and Indonesia leading the way.
  • The lower diagnosis and treatment rates are due to the lack of refund schemes for CGM and SMBG systems.
  • Such factors may hamper market growth during the forecast period.

This blood glucose monitoring system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global blood glucose monitoring system market as a part of the global healthcare equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the blood glucose monitoring system market during the forecast period.

Who are the Major Blood Glucose Monitoring System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • ACON Laboratories Inc.
  • ARKRAY Inc.
  • B. Braun SE
  • Dexcom Inc.
  • DiaMonTech AG
  • F. Hoffmann La Roche Ltd.
  • GlySens Inc.
  • i-SENS Inc.
  • Indigo Diabetes NV
  • Intuity Medical Inc.
  • Koninklijke Philips NV
  • LifeScan IP Holdings LLC
  • Medtronic Plc
  • Nipro Corp.
  • OK Biotech Co. Ltd.
  • PHC Holdings Corp.
  • Prodigy Diabetes Care LLC
  • WaveForm Technologies Inc.
  • Ypsomed Holding AG

 

This statistical study of the blood glucose monitoring system market encompasses successful business strategies deployed by the key vendors. The blood glucose monitoring system market is fragmented and the vendors are deploying growth strategies such as investment in R&D to compete in the market.

Product Insights and News

  • 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. 
  • Abbott Laboratories - In December 2021, the company appointed Robert B. Ford as chairman of the board. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The blood glucose monitoring system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Blood Glucose Monitoring System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the blood glucose monitoring system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Blood Glucose Monitoring System Market?

Blood Glucose Monitoring System Market Market segmentation by region

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39% of the market's growth will originate from North America during the forecast period. The US is the key market for blood glucose monitoring systems in North America. Market growth in this region will be faster than the growth of the market in Rest of World (ROW).

An increase in technological advances, a high incidence of type 1 and type 2 diabetes, and the increasing number of approvals by the US Food and Drug Administration (FDA) for new products will facilitate the blood glucose monitoring system market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The rise in the number of COVID-19 cases in 2020 and early 2021 led to partial lockdowns in several countries, including Canada and Mexico. Hence, the sales of BGM systems declined slightly through offline medical stores; however, the pandemic also led to an increase in the use of e-commerce channels, which, in turn, led to a rise in the demand for BGM systems through online channels. However, by the second half of 2021, lockdown-related restrictions were relaxed in various countries, which included the resumption of businesses and nonessential services due to the COVID vaccination drives. Thus, the resumption of healthcare equipment manufacturing will cater to the demand for BGM systems in North America through both online and offline channels, and the market in focus will register an accelerating growth momentum during the forecast period.

What are the Revenue-generating Product Segments in the Blood Glucose Monitoring System Market?

Blood Glucose Monitoring System Market Segmentation

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The blood glucose monitoring system market share growth by the self-monitoring segment will be significant during the forecast period. The growth of the self-monitoring of blood glucose (SMBG) segment is attributed to the rise in the prevalence of diabetes globally. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the blood glucose monitoring system market size and actionable market insights on post COVID-19 impact on each segment.

 

Blood Glucose Monitoring System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.06%

Market growth 2022-2026

$ 5.62 billion

Market structure

Fragmented

YoY growth (%)

6.44

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 39%

Key consumer countries

US, Finland, Sweden, China, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, ACON Laboratories Inc., ARKRAY Inc., B. Braun SE, Dexcom Inc., DiaMonTech AG, F. Hoffmann La Roche Ltd., GlySens Inc., i-SENS Inc., Indigo Diabetes NV, Intuity Medical Inc., Koninklijke Philips NV, LifeScan IP Holdings LLC, Medtronic Plc, Nipro Corp., OK Biotech Co. Ltd., PHC Holdings Corp., Prodigy Diabetes Care LLC, WaveForm Technologies Inc., and Ypsomed Holding AG

Market dynamics

Parent market analysis, Market 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

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What are the Key Data Covered in this Blood Glucose Monitoring System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive blood glucose monitoring system market growth during the next five years
  • Precise estimation of the blood glucose monitoring system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the blood glucose monitoring system industry across North America, Europe, Asia, and Rest of World (ROW)
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of blood glucose monitoring system market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Self-monitoring - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Self-monitoring - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Self-monitoring - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Self-monitoring - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Self-monitoring - Year-over-year growth 2021-2026 (%)
    • 5.4 Continuous glucose monitoring devices - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Continuous glucose monitoring devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Continuous glucose monitoring devices - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Continuous glucose monitoring devices - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Continuous glucose monitoring devices - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 Asia - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 US - Market size and forecast 2021-2026
      • Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.8 Finland - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Finland - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Finland - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Finland - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Finland - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Sweden - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Sweden - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Sweden - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Sweden - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Sweden - Year-over-year growth 2021-2026 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 81: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 82: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 83: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 84: Matrix on vendor position and classification
            • 10.3 Abbott Laboratories
              • Exhibit 85: Abbott Laboratories - Overview
              • Exhibit 86: Abbott Laboratories - Business segments
              • Exhibit 87: Abbott Laboratories - Key news
              • Exhibit 88: Abbott Laboratories - Key offerings
              • Exhibit 89: Abbott Laboratories - Segment focus
            • 10.4 B. Braun SE
              • Exhibit 90: B. Braun SE - Overview
              • Exhibit 91: B. Braun SE - Business segments
              • Exhibit 92: B. Braun SE - Key news
              • Exhibit 93: B. Braun SE - Key offerings
              • Exhibit 94: B. Braun SE - Segment focus
            • 10.5 Dexcom Inc.
              • Exhibit 95: Dexcom Inc. - Overview
              • Exhibit 96: Dexcom Inc. - Product / Service
              • Exhibit 97: Dexcom Inc. - Key news
              • Exhibit 98: Dexcom Inc. - Key offerings
            • 10.6 F. Hoffmann La Roche Ltd.
              • Exhibit 99: F. Hoffmann La Roche Ltd. - Overview
              • Exhibit 100: F. Hoffmann La Roche Ltd. - Business segments
              • Exhibit 101: F. Hoffmann La Roche Ltd. - Key news
              • Exhibit 102: F. Hoffmann La Roche Ltd. - Key offerings
              • Exhibit 103: F. Hoffmann La Roche Ltd. - Segment focus
            • 10.7 LifeScan IP Holdings LLC
              • Exhibit 104: LifeScan IP Holdings LLC - Overview
              • Exhibit 105: LifeScan IP Holdings LLC - Product / Service
              • Exhibit 106: LifeScan IP Holdings LLC - Key offerings
            • 10.8 Medtronic Plc
              • Exhibit 107: Medtronic Plc - Overview
              • Exhibit 108: Medtronic Plc - Business segments
              • Exhibit 109: Medtronic Plc - Key news
              • Exhibit 110: Medtronic Plc - Key offerings
              • Exhibit 111: Medtronic Plc - Segment focus
            • 10.9 Nipro Corp.
              • Exhibit 112: Nipro Corp. - Overview
              • Exhibit 113: Nipro Corp. - Business segments
              • Exhibit 114: Nipro Corp. - Key news
              • Exhibit 115: Nipro Corp. - Key offerings
              • Exhibit 116: Nipro Corp. - Segment focus
            • 10.10 PHC Holdings Corp.
              • Exhibit 117: PHC Holdings Corp. - Overview
              • Exhibit 118: PHC Holdings Corp. - Business segments
              • Exhibit 119: PHC Holdings Corp. - Key offerings
              • Exhibit 120: PHC Holdings Corp. - Segment focus
            • 10.11 Prodigy Diabetes Care LLC
              • Exhibit 121: Prodigy Diabetes Care LLC - Overview
              • Exhibit 122: Prodigy Diabetes Care LLC - Product / Service
              • Exhibit 123: Prodigy Diabetes Care LLC - Key offerings
            • 10.12 Ypsomed Holding AG
              • Exhibit 124: Ypsomed Holding AG - Overview
              • Exhibit 125: Ypsomed Holding AG - Business segments
              • Exhibit 126: Ypsomed Holding AG - Key offerings
              • Exhibit 127: Ypsomed Holding AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Blood Glucose Monitoring System Market market growth will increase by $5.62 billion during 2022-2026.
              The blood glucose monitoring system market market is expected to grow at a CAGR of 9.06% during 2022-2026.
              Technavio has segmented the blood glucose monitoring system market market by product (Self-monitoring and Continuous glucose monitoring devices) and geography (North America, Europe, Asia, and Rest of World (ROW)).
              Abbott Laboratories, ACON Laboratories Inc., ARKRAY Inc., B. Braun SE, Dexcom Inc., DiaMonTech AG, F. Hoffmann La Roche Ltd., GlySens Inc., i-SENS Inc., Indigo Diabetes NV, Intuity Medical Inc., Koninklijke Philips NV, LifeScan IP Holdings LLC, Medtronic Plc, Nipro Corp., OK Biotech Co. Ltd., PHC Holdings Corp., Prodigy Diabetes Care LLC, WaveForm Technologies Inc., Ypsomed Holding AG are a few of the key vendors in the blood glucose monitoring system market market.
              North America will register the highest growth rate of 39% among the other regions. Therefore, the blood glucose monitoring system market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the blood glucose monitoring system market market growth are:
              • Availability of reimbursement for BGM devices
              • Rising demand for continuous blood glucose monitoring (CGM) devices
              The blood glucose monitoring system market market vendors should focus on grabbing business opportunities from the self-monitoring segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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