The global glucose monitoring device is expected to witness a rising demand on account of increasing prevalence of diabetes on a global level. Technological advancements and excessive research and development are expected to boost the global market for diabetes rugs and devices. Constant improvements in the self-monitoring blood glucose (SMBG) devices are sailing the market growth high owing to its ability to provide accurate results, durability, functionality, portability and easy usage quality. Physiological factors including genetic predisposition and obesity are the key factors causing diabetes which are expected to drive the industry.
Healthcare is shifting towards an accuracy based model of personal care. Self-care medical devices help the patients to manage irregular chronic and acute illnesses. Increasing diabetic patient population coupled with rising awareness is expected to accelerate the progress of the self-care medical devices industry shortly. Increasing demand for home-based treatment and self-medication on account of being self-sufficient will propel growth. Chronic illness including blood pressure, diabetes asthma and cardiovascular diseases require regular and continuous monitoring for a lifetime which will increase the demand for the product. Rapid customer adoption on a daily basis as it saves time and reduce the medical costs will promote industry growth. However, factors including unfavorable reimbursement policies and standardization issues will hinder trade expansion shortly. Rise in demand for point of care testing (POCT) is anticipated to generate new development openings for the industry over the forecast period.
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The diabetes devices market is segmented into diabetes monitoring devices and insulin delivery devices. Key diabetes diagnostic and monitoring devices include an analog glucose meter, lancets and lancing devices, glucose test strips and continuous glucose monitoring devices. Test strips are expected to be the leading segment coupled with continuous glucose monitoring devices. Insulin delivery devices include insulin pumps, insulin pens, and insulin syringes. Insulin pens, followed by syringes are expected to grow which in turn will stimulate the demand for the product in the next seven years. Segmentation for these continuous glucose monitoring systems (CGMS) includes major brands and devices, FreeStyle Navigator, Guardian Real Time CGM System, MiniMed Paradigm Revel Veo System and Dexcom G4 Platinum Dexcom Seven Plus CGM System. Guardian real-time CGM and Dexcom seven plus CGM systems and system are observed to be leading the CGM sector on a global level from the last few years.
Based on device and brand, the overall continuous glucose monitoring market is analyzed by factors including commercial launch, sales revenue, usage, technical developments, and geographical presence. Demand for the Dexcom G4 Platinum CGM system also is predicted to expand rapidly over the forecast period.
By geography, the market is classified into North America, Europe, Asia-Pacific, and Rest of the World. North America led the global CGM industry. The North America CGM market is accelerated by increasing technical advancements in medical equipment and growing aging population.
North America is expected to dominate the market over the forecast period on account of increasing prevalence of diabetes which will account for the growth in demand for self-care medical devices. In addition, poor dietary habits, sedentary lifestyle, and development of new technologies are expected to stimulate the product demand over the forecast period.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
Healthcare is shifting towards an accuracy based model of personal care. Self-care medical devices help the patients to manage irregular chronic and acute illnesses. Increasing diabetic patient population coupled with rising awareness is expected to accelerate the progress of the self-care medical devices industry shortly. Increasing demand for home-based treatment and self-medication on account of being self-sufficient will propel growth. Chronic illness including blood pressure, diabetes asthma and cardiovascular diseases require regular and continuous monitoring for a lifetime which will increase the demand for the product. Rapid customer adoption on a daily basis as it saves time and reduce the medical costs will promote industry growth. However, factors including unfavorable reimbursement policies and standardization issues will hinder trade expansion shortly. Rise in demand for point of care testing (POCT) is anticipated to generate new development openings for the industry over the forecast period.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/glucose-monitoring-device-market
The diabetes devices market is segmented into diabetes monitoring devices and insulin delivery devices. Key diabetes diagnostic and monitoring devices include an analog glucose meter, lancets and lancing devices, glucose test strips and continuous glucose monitoring devices. Test strips are expected to be the leading segment coupled with continuous glucose monitoring devices. Insulin delivery devices include insulin pumps, insulin pens, and insulin syringes. Insulin pens, followed by syringes are expected to grow which in turn will stimulate the demand for the product in the next seven years. Segmentation for these continuous glucose monitoring systems (CGMS) includes major brands and devices, FreeStyle Navigator, Guardian Real Time CGM System, MiniMed Paradigm Revel Veo System and Dexcom G4 Platinum Dexcom Seven Plus CGM System. Guardian real-time CGM and Dexcom seven plus CGM systems and system are observed to be leading the CGM sector on a global level from the last few years.
Based on device and brand, the overall continuous glucose monitoring market is analyzed by factors including commercial launch, sales revenue, usage, technical developments, and geographical presence. Demand for the Dexcom G4 Platinum CGM system also is predicted to expand rapidly over the forecast period.
By geography, the market is classified into North America, Europe, Asia-Pacific, and Rest of the World. North America led the global CGM industry. The North America CGM market is accelerated by increasing technical advancements in medical equipment and growing aging population.
North America is expected to dominate the market over the forecast period on account of increasing prevalence of diabetes which will account for the growth in demand for self-care medical devices. In addition, poor dietary habits, sedentary lifestyle, and development of new technologies are expected to stimulate the product demand over the forecast period.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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