Glucose Monitoring Devices Market Gearing Up to Fight Anticipated Diabetes Epidemic

14 December 2017

The use of glucose monitoring devices market is growing at a fast pace owing to the growing popularity of glucose monitoring devices, in the wake of the rising incidences of diabetes and related diseases worldwide. Unless controlled, this growing prevalence of diabetes can soon take the shape of a global epidemic and can potentially affect close to three-quarters of a billion people by 2045.

Rapid urbanization across geographies are not only changing our lifestyles but also increasing the threat to our health and well-being. The fast paced and erratic lifestyles are exposing us to a multitude of diseases, diabetes being a forerunner amongst them. A market research report on Glucose Monitoring Devices Market Global Outlook and Forecast 2018 2023, says that according to the World Health Organization (WHO), diabetes is one of the leading causes of increasing mortality rate across the world.

This rising prevalence of diabetes is also exposing us to higher risks of cardiovascular and other diseases.

Analysts at Arizton expect the global glucose monitoring devices market to cross $6 billion by 2023.

Rising adoption of smart gadgets worldwide and increasing acceptance of glucose monitoring devices among women are believed to be the primary factors influencing the growth of the glucose monitoring devices market across geographies.

View The Report On Global Glucose Monitoring Devices Market

Smart gadgets facilitating glucose monitoring

Smart gadgets like smartphones are being increasingly used by people across geographies. The innovation and development of smart wearable devices that monitor and track blood glucose level are fast gaining popularity with the mobile and dynamic global urban population who lead an uber-fast life and are most susceptible to high blood glucose levels.

Companies like LifeScan, Dexcom, Dario Health, and other manufacturers in the global glucose monitoring devices market are investing in extensive research and development to build glucose monitoring devices can take blood glucose readings like traditional glucometers, with the added convenience to the users wherein they can automatically interpret their blood glucose level readings by connecting the devices to an accompanying smartphone app.

The OneTouch Verio Flex meter from LifeScan is a compact and portable glucose monitoring device which syncs data seamlessly with the free OneTouch Reveal® mobile app. It uses the ColorSure™ technology that instantly shows whether the monitored blood sugar numbers are in or out of range.

Dexcom G5 CGM system is the only FDA approved glucose monitoring system that works around the clock without pricking the finger. It provides real-time, dynamic glucose information every five minutes — up to 288 readings in a 24-hour period. In this smart device, the glucose levels are shown in vivid colors to help the user identify in which direction the blood glucose level is trending. This provides the user with valuable insight to proactively managing diabetes.

The Dario Smart Glucose meter is a pocket-sized, smartphone-based blood glucose monitoring system, featuring an innovative all in one storage solution that includes a meter and space to put a cartridge of test strips. This device comes with its own built-in lancing device. The detachable measuring unit plugs into a smartphone jack to automatically transfer the readings to the iOS Dario app. Here the user can easily track, monitor, and manage diabetes.

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More women using glucose monitoring devices including SMBG devices

The traditional sedentary lifestyle of women, with more focus on household chores and lesser focus on physical activities and fitness, make them prone to diabetes. In most of the geographies across the world, the women population has been found to contribute more towards growing diabetes prevalence and the rising mortality rate due to diabetes.

This trend is, however, witnessing a welcome change. As women are becoming more health conscious and fitness savvy, it is being observed, across geographies, that there is a significant increase in the use of Self-monitoring Blood Glucose (SMBG) devices among women, particularly pregnant women, across geographies.  Women today are better informed and more aware. Pregnant women today, across the world, are showing higher responsiveness to precautionary measures for eliminating the possibility of or controlling the occurrence of diabetes during pregnancy which results in prenatal morbidity and mortality.

These glucose monitoring devices are helping pregnant women track their blood sugar levels and take required precautionary or preventive actions to nip diabetes at the bud.

The various SMBG devices available in the market like blood glucose strips, glucose meters, and lancets are providing pregnant women with the ready tools to monitor and track blood sugar levels during pregnancy without having to disrupt their regular schedules. Glucose strips, the most commonly used SMBG device in the market and a key component for measuring blood sugar levels, are the largest contributor to the global SMBG devices market accounting for more than half of the market share.

The second largest contributor to the global SMBG devices market, glucose meters are used to monitor and provide reading for the blood sugar level in a blood strip. With the innovations and technological advancements, glucose meters have witnessed product enhancement and can now also be connected to smartphones, making them more user-friendly and convenient. This is expected to contribute to the growth of the glucose meters market and make it the preferred choice of women globally who want to monitor and track blood glucose levels during pregnancy.

Lancets, another kind of glucose monitoring device, mainly used in pregnant women, apart from children, avoids painful drawing of blood for testing glucose. The Lancets market is also witnessing a steady growth across geographies.

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