Blood Glucose Meters Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033

The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—for a limited time only!

LONDON, GREATER LONDON, UNITED KINGDOM, December 19, 2024 /EINPresswire.com/ -- The Business Research Company’s Early Year-End Sale! Get up to 30% off detailed market research reports—limited time only!

What does the future hold for the Global Blood Glucose Meters Market?

The blood glucose meters market has experienced a significant growth trend in recent years, fueled by rising diabetes prevalence, increasing awareness of diabetes management, and the growing aging population. Surging from $17.32 billion in 2023, the market is expected to reach $18.89 billion in 2024 at a compound annual growth rate CAGR of 9.1%. Home healthcare trends, accommodating insurance coverage, and well-defined reimbursement policies, alongside empowered patients, contribute to this stellar growth.

Get engaging insights into the Blood Glucose Meters Market with a detailed sample report: https://www.thebusinessresearchcompany.com/sample.aspx?id=2534&type=smp

As per the forecast, the blood glucose meters market shows enormous prospects for growth in the coming years. Estimated to reach a stunning $26.09 billion by 2028, the market predicts a CAGR of 8.4%. Technological developments play an instrumental role in shaping such growth. The integration of continuous glucose monitoring cgm, connectivity with smartphones, Artificial Intelligence AI applications, a keen concentration on wearable devices, and remote patient monitoring are all prime movers in the market’s evolution. Miniaturization, portability, data analytics, insights, telehealth, and remote monitoring have emerged as critical trends in this forecast period.

Pre-book the report for a swift delivery: https://www.thebusinessresearchcompany.com/report/blood-glucose-meters-global-market-report

Which factors are steering the growth of the Blood Glucose Meters Market?

Today’s society reflects a changing lifestyle marked by increased alcohol consumption, physical inactivity, and dietary habits that are far from healthy. These changes have led to an increase in obesity worldwide. A particularly alarming fallout of the global obesity issue is the rise in the prevalence of diabetes. Fat tissues, because of obesity, release a higher volume of fat molecules into the blood. This directly impacts insulin-responsive cells, thereby reducing insulin sensitivity and leading to diabetes.

Such situations naturally cause a surge in the purchase of blood glucose meters. Estimates by the International Diabetes Federation IDF suggest a 48% increase in diabetes worldwide by 2045. As of 2021, the IDF reports nearly 537 million people globally suffering from diabetes.

Who are the key players leading the Blood Glucose Meters Market?

Many prominent companies operate in the blood glucose meters market, including Johnson & Johnson, Roche Holding AG, Bayer AG, Abbott Laboratories, Medtronic plc, Becton & Dickinson and Co., B Braun Medical Inc., Dexcom Inc., Tandem Diabetes Care, and others. These companies have formulated the growth trajectory of the blood glucose meters market.

What are the new trends influencing the Blood Glucose Meters Market?

The introduction of new products is witnessing increasing momentum in the blood glucose meters market, making it a popular trend. For instance, in January 2022, Roche, a Swiss multinational healthcare company, launched a new point-of-care blood glucose monitor designed specifically for hospital professionals. To assist in effectual blood sugar management during a patient's hospital stay, the device includes apps running on a touchscreen smartphone-like companion device, supplied by Glytec.

Here's how the Blood Glucose Meters Market is segmented –

1 By Product type: Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter
2 By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes
3 By End User: Hospitals, Home Care

An insightful revelation of regional dynamics in the Blood Glucose Meters Market:

In 2023, North America was the largest region in the global blood glucose meters market, closely followed by Western Europe. The report covers regions including but not limited to Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Browse Through More Similar Reports By The Business Research Company:
Insulin Drugs Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/insulin-drugs-global-market-report
Insulin Patch Pumps Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/insulin-patch-pumps-global-market-report
Digital Diabetes Management Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/digital-diabetes-management-global-market-report

About The Business Research Company
Learn More About The Business Research Company. With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708

Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
email us here
Visit us on social media:
Facebook
X
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.