Global Blood Glucose Monitoring Devices Market - Focused Insights 2024-2029
THE GLOBAL BLOOD GLUCOSE MONITORING DEVICES MARKET WAS VALUED AT USD 25.62 BILLION IN 2023 AND IS EXPECTED TO REACH USD 52.46 BILLION BY 2029, GROWING AT A CAGR OF 12.69% DURING THE FORECAST PERIOD.

The Blood Glucose Monitoring Devices Market Size by Product Type, by Conventional Blood Glucose Monitoring (BGM) Devices, by Continuous Glucose Monitoring (CGM) Devices, by Usage Distribution Channel, and by End-Users
Published Date : October 2024
Last Updated : April 2025
format: PDF
edition : Second Edition
160 pages
16 tables
38 charts
5 region
19 countries
40 company
7 segments
Purchase Options
Global Blood Glucose Monitoring Devices Market - Focused Insights 2024-2029
THE GLOBAL BLOOD GLUCOSE MONITORING DEVICES MARKET WAS VALUED AT USD 25.62 BILLION IN 2023 AND IS EXPECTED TO REACH USD 52.46 BILLION BY 2029, GROWING AT A CAGR OF 12.69% DURING THE FORECAST PERIOD.
The Blood Glucose Monitoring Devices Market Size, Share & Trend Analysis Report By
- Product Type: Conventional Blood Glucose Monitoring Devices and Continuous Glucose Monitoring (CGM) Devices
- Conventional Blood Glucose Monitoring Devices: Test Strips, Meter & Software, and Lancet & Lancing Devices
- Continuous Glucose Monitoring (CGM) Devices: Sensors and Reusable Hardware
- Usage: Personal BGM Devices and Professional BGM Devices
- Distribution Channel: Offline and Online
- End-Users: Individuals, Hospitals & Clinics, and Other End-users
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
BLOOD GLUCOSE MONITORING DEVICES MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
Market Size (2029) | USD 52.46 Billion |
Market Size (2023) | USD 25.62 Billion |
CAGR (2023-2029) | 12.69% |
HISTORIC YEAR | 2020-2022 |
BASE YEAR | 2023 |
FORECAST YEAR | 2024-2029 |
MARKET SEGMENTS BY | Product Type, Conventional Blood Glucose Monitoring Devices, Continuous Glucose Monitoring (CGM) Devices, Usage, Distribution Channel, End-Users, and Geography |
GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, and Middle East & Africa |
KEY PLAYERS | F. Hoffmann-La Roche, Abbott, Dexcom, Medtronic, Ascensia Diabetes Care Holdings AG, and LifeScan IP Holdings |
GLOBAL BLOOD GLUCOSE MONITORING DEVICES MARKET SIZE
The global blood glucose monitoring devices market was valued at USD 25.62 billion in 2023 and is expected to reach USD 52.46 billion by 2029, growing at a robust CAGR of 12.69% during the forecast period. This substantial growth is primarily driven by the escalating global burden of diabetes, rising obesity rates, increased awareness of health and wellness, and a growing elderly population vulnerable to chronic conditions. Technological advancements and the increasing adoption of self-care practices are significantly fueling the self-monitoring blood glucose device market as patients take a more proactive role in managing their health.
Blood glucose monitoring devices (BGMs), including conventional blood glucose monitors and continuous glucose monitors (CGMs), play a critical role in diabetes management. These tools provide real-time or near-real-time insights into blood glucose levels, allowing individuals and healthcare providers to personalize treatment strategies and avoid complications.
BLOOD GLUCOSE MONITORING DEVICES MARKET TRENDS & DRIVERS
Continuous Innovation in Glucose Monitoring Technology
The blood glucose monitoring market is undergoing a transformative shift with the introduction of next-generation technologies. Among these, optical sensing and non-invasive glucose monitoring methods are gaining traction. These solutions aim to eliminate the discomfort of finger pricking and improve patient compliance. The development of sensors capable of detecting glucose using light-based measurements has created new opportunities, making monitoring more seamless and user-friendly.
Rising Popularity of Flash Glucose Monitoring (FGM)
Flash glucose monitoring, a subset of CGM, is emerging as a pivotal trend. Unlike traditional methods, FGM systems offer users the convenience of checking glucose levels at any time without constant calibration. Their ability to provide 24-hour data with minimal intrusion is positioning them as a preferred choice, especially among younger, tech-savvy diabetic patients. Clinical evidence supports FGM’s ability to reduce hyperglycemic and hypoglycemic events, further accelerating its adoption.
Government and Public Health Initiatives Supporting Growth
Governments worldwide are implementing programs to combat the rising tide of diabetes and improve disease management. From the WHO's Global Diabetes Compact to national campaigns such as India’s NPCDCS, public health authorities are promoting early diagnosis, prevention, and the widespread use of self-monitoring blood glucose devices. These initiatives enhance access to BGM technologies, particularly in low-resource settings, driving both awareness and demand.
BLOOD GLUCOSE MONITORING DEVICES MARKET SEGMENT INSIGHTS
By Product Type
The global blood glucose monitoring devices market are segmented into conventional blood glucose monitoring devices (including test strips, lancets, and meters) and continuous glucose monitoring (CGM) devices (including sensors and reusable hardware). Despite the growing popularity of CGMs, conventional BGMs continue to dominate with the largest market share of 70%, due to their cost-effectiveness, user familiarity, and accessibility—especially in low- and middle-income countries. The affordability and simplicity of conventional BGMs make them indispensable in the glucose monitoring devices market.
By Usage
Personal BGM devices represent the fastest-growing segment, as individuals increasingly adopt self-monitoring routines. Particularly among Type 1 diabetics, frequent monitoring is essential for insulin dosage management. The proliferation of smartphone-compatible meters and apps is also contributing to the growth of self-monitoring blood glucose device market, supporting patient empowerment and reducing dependency on clinical visits.
By Distribution Channel
Offline channels, including hospital pharmacies, independent drug stores, and wellness retailers, continue to lead distribution. These outlets serve as the first point of access for diabetes patients across developed and emerging markets. However, the rise of e-commerce and online pharmacies is expected to gain momentum as digital health ecosystems expand.
By End-user
Individual users dominate the end-user segment, driven by the trend toward home-based health management. In many regions, limited healthcare infrastructure and high diagnostic costs make self-monitoring the most viable option. Reimbursement support and insurance coverage in developed countries further encourage personal adoption of BGM devices.
GEOGRAPHICAL ANALYSIS
North America holds the largest blood glucose monitoring devices market share, accounting for over 44% in 2023. The region benefits from strong healthcare infrastructure, high diabetes prevalence, and widespread insurance coverage for glucose monitoring technologies. Additionally, early adoption of digital health tools and continuous product innovation contribute to North America's market dominance.
VENDOR LANDSCAPE
The global glucose monitoring devices market is highly fragmented yet dynamic, with leading companies such as Abbott, Medtronic, Dexcom, F. Hoffmann-La Roche, and LifeScan spearheading innovation. These firms invest heavily in R&D to refine sensor technology, enhance user interfaces, and expand non-invasive monitoring capabilities. Startups and smaller firms are also entering the space with disruptive technologies, especially in the wearable and AI-integrated device segments, increasing competition and diversification within the market.
Recent Vendor Activities
- In 2024, MTD Group acquired the pen needle and blood glucose monitoring systems of Ypsomed, as well as announced significant investment for its European product sites.
- In 2023, Abbott acquired Bigfoot Biomedical- one of the leading smart insulin management system manufacturing companies. This transaction helped Abbott increase its presence in diabetes care by strengthening its FreeStyle Libre CGM Technology.
- In 2023, Medtronic entered into a set of definitive agreement to acquire EoFlow Co. Ltd., a pioneer in insulin delivery devices. Medtronic’s meal detection technology algorithm and next-generation CGM are expected to expand the company’s ability to deliver diabetes care solutions.
- In 2022, Abbott collaborated with Sugar.fit, BeatO, Zyla Health, 1MG, PharmEasy, GOQii, Helthifyme, and Fitterfly to expand access to diabetes management care. Through this collaboration, Abbott aims to offer glucose monitoring solutions to around 8 billion people with diabetes. More than 6.5 billion people receive these solutions through PharmEasy and 1MG.
- In 2022, embecta and Intuity Medical made a commercial collaboration to promote POGO -Automatic Blood Glucose Monitoring systems to medical professionals across the US.
- In 2020, One Drop, a diabetes management company, acquired assets, IP, and certain Staff of Sano Intelligence who manufactured non-invasive connected CGM Patch.
Product Launched & Development
- In Jun 2024, Prevounce Health launched a technologically advanced and cellular-connected blood glucose meter for remote patient monitoring. It is a rigorously tested and FDA-approved device widely available in the US and global markets.
- In Jun 2024, the US FDA approved Abbott’s two over-the-counter continuous glucose monitoring devices, Libre Rio and Lingo, used by more than 6 million globally.
- In May 2024, Smart Meter launched an iGlucose Plus glucose monitoring device globally. It is a handheld device connected to a smartphone and Wi-Fi systems.
- In Feb 2024, Dexcom launched Dexcom ONE+, a real-time and customized glucose monitoring device that can be worn in three different body locations. Furthermore, it has a water-resistant sensor that enhances its brand image.
- In Feb 2024, Know Labs launched KnowU –a wearable and non-invasive continuous glucose monitoring device with onboard computing power and machine learning technologies.
- In Jan 2022, Roche launched a smart, handheld, and point-of-care blood glucose monitor device for the hospital’s bedside use.
SNAPSHOT
The global blood glucose monitoring devices market size is expected to grow at a CAGR of approximately 12.69% from 2023 to 2029.
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the global blood glucose monitoring devices and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
VENDORS LIST
Key Vendors
- F. Hoffmann-La Roche
- Business Overview
- Product Offerings
- Abbott
- Dexcom
- Medtronic
- Ascensia Diabetes Care Holdings AG
- LifeScan IP Holdings
Other Prominent Vendors
- Arkray
- Business Overview
- Product Offerings
- ApexBio
- ACON Laboratories, Inc.
- AgaMatrix
- Alliance International
- Andon Health
- Bionime
- Beurer
- Bioptik
- BioTelemetry
- BioTest Medical
- BTNX
- DarioHealth
- EASYMAX
- ForaCare
- Hannox International
- Integrity Applications
- i-SENS
- MED TRUST
- Medisana
- Nova Biomedical
- Omnis Health
- Nemaura
- OK Biotech
- OSANG Healthcare
- Philosys
- Sanofi
- Taidoc Technology
- Terumo Corporation
- Trividia Health
- Rossmax International
- Ypsomed
- 77 Electronika Kft
- Menarini Diagnostics
SEGMENTATION & FORECAST
- By Product Type
- Conventional Blood Glucose Monitoring Devices
- Continuous Glucose Monitoring (CGM) Devices
- By Conventional Blood Glucose Monitoring Devices
- Test Strips
- Meter & Software
- Lancet & Lancing Devices
- By Continuous Glucose Monitoring (CGM) Devices
- Sensors
- Reusable Hardware
- By Usage
- Personal BGM Devices
- Professional BGM Devices
- By Distribution Channel
- Offline
- Online
- By End-Users
- Individuals
- Hospitals & Clinics
- Other End-users
- By Geography
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- APAC
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Columbia
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- Saudi Arabia
BLOOD GLUCOSE MONITORING DEVICES MARKET FAQs
How big is the global blood glucose monitoring devices market?
What is the growth rate of the global blood glucose monitoring devices market?
Which region dominates the global blood glucose monitoring devices market?
Who are the major players in the global blood glucose monitoring devices market?
Exhibit 1: Projected Revenues of Blood Glucose Monitoring Devices Market in Global (2020 – 2029; $ BN)
Exhibit 2: Market Size & Forecast – Conventional BGM Devices (2020 – 2029; $ BN)
Exhibit 3: Market Size & Forecast – Test Strips (2020 – 2029; $ BN)
Exhibit 4: Market Size & Forecast – Meter & Software (2020 – 2029; $ BN)
Exhibit 5: Market Size & Forecast – Lancet & Lancing Devices (2020 – 2029; $ BN)
Exhibit 6: Market Size & Forecast – Continuous Glucose Monitoring Devices (2020 – 2029; $ BN)
Exhibit 7: Market Size & Forecast – Sensors (2020 – 2029; $ BN)
Exhibit 8: Market Size & Forecast – Reusable Hardware (2020 – 2029; $ BN)
Exhibit 9: Market Size & Forecast – Personal BGM Devices (2020 – 2029; $ BN)
Exhibit 10: Market Size & Forecast – Professional BGM Devices (2020 – 2029; $ BN)
Exhibit 11: Market Size & Forecast – Offline Stores (2020 – 2029; $ BN)
Exhibit 12: Market Size & Forecast – Online Stores (2020 – 2029; $ BN)
Exhibit 13: Market Size & Forecast – Individuals (2020 – 2029; $ BN)
Exhibit 14: Market Size & Forecast – Hospitals & Clinics (2020 – 2029; $ BN)
Exhibit 15: Market Size & Forecast – Other End-user (2020 – 2029; $ BN)
Exhibit 16: Projected Revenues of Blood Glucose Monitoring Devices Market in N. America (2020 – 2029; $ BN)
Exhibit 17: Projected Revenues of Blood Glucose Monitoring Devices Market in the US (2020 – 2029; $ BN)
Exhibit 18: Projected Revenues of Blood Glucose Monitoring Devices Market in Canada (2020 – 2029; $ BN)
Exhibit 19: Projected Revenues of Blood Glucose Monitoring Devices Market in Europe (2020 – 2029; $ BN)
Exhibit 20: Projected Revenues of Blood Glucose Monitoring Devices Market in Germany (2020 – 2029; $ BN)
Exhibit 21: Projected Revenues of Blood Glucose Monitoring Devices Market in France (2020 – 2029; $ BN)
Exhibit 22: Projected Revenues of Blood Glucose Monitoring Devices Market in the UK (2020 – 2029; $ BN)
Exhibit 23: Projected Revenues of Blood Glucose Monitoring Devices Market in Italy (2020 – 2029; $ BN)
Exhibit 24: Projected Revenues of Blood Glucose Monitoring Devices Market in Spain (2020 – 2029; $ BN)
Exhibit 25: Projected Revenues of Blood Glucose Monitoring Devices Market in APAC (2020 – 2029; $ BN)
Exhibit 26: Projected Revenues of Blood Glucose Monitoring Devices Market in China (2020 – 2029; $ BN)
Exhibit 27: Projected Revenues of Blood Glucose Monitoring Devices Market in Japan (2020 – 2029; $ BN)
Exhibit 28: Projected Revenues of Blood Glucose Monitoring Devices Market in India (2020 – 2029; $ BN)
Exhibit 29: Projected Revenues of Blood Glucose Monitoring Devices Market in South Korea (2020 – 2029; $ BN)
Exhibit 30: Projected Revenues of Blood Glucose Monitoring Devices Market in Australia (2020 – 2029; $ BN)
Exhibit 31: Projected Revenues of Blood Glucose Monitoring Devices Market in L. America (2020 – 2029; $ BN)
Exhibit 32: Projected Revenues of Blood Glucose Monitoring Devices Market in Brazil (2020 – 2029; $ BN)
Exhibit 33: Projected Revenues of Blood Glucose Monitoring Devices Market in Mexico (2020 – 2029; $ BN)
Exhibit 34: Projected Revenues of Blood Glucose Monitoring Devices Market in Colombia (2020 – 2029; $ BN)
Exhibit 35: Projected Revenues of Blood Glucose Monitoring Devices Market in Argentina (2020 – 2029; $ BN)
Exhibit 36: Projected Revenues of Blood Glucose Monitoring Devices Market in MEA (2020 – 2029; $ BN)
Exhibit 37: Projected Revenues of Blood Glucose Monitoring Devices Market in Turkey (2020 – 2029; $ BN)
Exhibit 38: Projected Revenues of Blood Glucose Monitoring Devices Market in South Africa 2020 – 2029; $ BN)
Exhibit 39: Projected Revenues of Blood Glucose Monitoring Devices Market in Saudi Arabia (2020 – 2029; $ BN)
Tables
Table 1: Estimated & Projected Revenues of Blood Glucose Monitoring Devices in Global (2020 – 2029; $ Bn)
Table 2: Market Size & Forecast Blood Glucose Monitoring Devices Market by Product Type (2020 – 2029; $ Bn)
Table 3: Market Size & Forecast Blood Glucose Monitoring Devices Market by Product Type (2020 – 2029; %)
Table 4: Market Size & Forecast Conventional BGM Devices Market by Product Type (2020 – 2029; $ Bn)
Table 5: Market Size & Forecast Conventional BGM Devices Market by Product Type (2020 – 2029; %)
Table 6: Market Size & Forecast CGM Devices Market by Product Type (2020 – 2029; $ Bn)
Table 7: Market Size & Forecast CGM Devices Market by Product Type (2020 – 2029; $ %)
Table 8: Market Size & Forecast Blood Glucose Monitoring Devices Market by Usage (2020 – 2029; $ Bn)
Table 9: Market Size & Forecast Blood Glucose Monitoring Devices Market by Usage (2020 – 2029; %)
Table 10: Market Size & Forecast Blood Glucose Monitoring Devices Market by Dist. Channels (2020 – 2029; $ Bn)
Table 11: Market Size & Forecast Blood Glucose Monitoring Devices Market by Dist. Channels (2020 – 2029; %)
Table 12: Market Size & Forecast Blood Glucose Monitoring Devices Market by End-user (2020 – 2029; $ Bn)
Table 13: Market Size & Forecast Blood Glucose Monitoring Devices Market by End-user (2020 – 2029; %)
Table 14: Market Size & Forecast Blood Glucose Monitoring Devices Market by Geography(2020 – 2029; $ Bn)
Table 15: Market Size & Forecast Blood Glucose Monitoring Devices Market by Geography(2020 – 2029; %)
CHAPTER – 1: Blood Glucose Monitoring Devices Market Overview
- Executive Summary
- Key Findings
CHAPTER – 2: Blood Glucose Monitoring Devices Market Market
- GLOBAL: Projected Revenue of Blood Glucose Monitoring Devices Market (2020-2029; $ Billions)
CHAPTER – 3: Blood Glucose Monitoring Devices Market Prospects & Opportunities
- Blood Glucose Monitoring Devices Market Opportunities & Trends
- Blood Glucose Monitoring Devices Market Drivers
- Blood Glucose Monitoring Devices Market Constraints
CHAPTER – 4: Blood Glucose Monitoring Devices Market Segmentation Data
- GLOBAL: Projected Revenue by Product Type (2020-2029; $ Billions)
- Conventional Blood Glucose Monitoring Devices
- Test Strips
- Meter & Software
- Lancet & Lancing Devices
- Continuous Glucose Monitoring (CGM) Devices
- Sensors
- Reusable Hardware
- GLOBAL: Projected Revenue by Usage (2020-2029; $ Billions)
- Personal BGM Devices
- Professional BGM Devices
- GLOBAL: Projected Revenue by Distribution Channels (2020-2029; $ Billions)
- Offline Stores
- Online Stores
- GLOBAL: Projected Revenue by End-user (2020-2029; $ Billions)
- Individuals
- Hospitals & Clinics
- Other End-user
CHAPTER – 5: Key Regions Overview
- North America: Projected Revenue of Blood Glucose Monitoring Devices Market (2020-2029; $ Billions)
- Projected Revenue of Blood Glucose Monitoring Devices Market in the US
- Projected Revenue of Blood Glucose Monitoring Devices Market in Canada
- Europe: Projected Revenue of Blood Glucose Monitoring Devices (2020-2029; $ Billions)
- Projected Revenue of Blood Glucose Monitoring Devices Market in Germany
- Projected Revenue of Blood Glucose Monitoring Devices Market in France
- Projected Revenue of Blood Glucose Monitoring Devices Market in the UK
- Projected Revenue of Blood Glucose Monitoring Devices Market in Italy
- Projected Revenue of Blood Glucose Monitoring Devices Market in Spain
- APAC: Projected Revenue of Blood Glucose Monitoring Devices Market (2020-2029; $ Billions)
- Projected Revenue of Blood Glucose Monitoring Devices Market in China
- Projected Revenue of Blood Glucose Monitoring Devices Market in Japan
- Projected Revenue of Blood Glucose Monitoring Devices Market in India
- Projected Revenue of Blood Glucose Monitoring Devices Market in South Korea
- Projected Revenue of Blood Glucose Monitoring Devices Market in Australia
- Latin America: Projected Revenue of Blood Glucose Monitoring Devices Market (2020-2029; $ Billions)
- Projected Revenue of Blood Glucose Monitoring Devices Market in Brazil
- Projected Revenue of Blood Glucose Monitoring Devices Market in Mexico
- Projected Revenue of Blood Glucose Monitoring Devices Market in Colombia
- Projected Revenue of Blood Glucose Monitoring Devices Market in Argentina
- Middle East & Africa: Projected Revenue of Blood Glucose Monitoring Devices Market (2020-2029; $ Billions)
- Projected Revenue of Blood Glucose Monitoring Devices Market in Turkey
- Projected Revenue of Blood Glucose Monitoring Devices Market in South Africa
- Projected Revenue of Blood Glucose Monitoring Devices Market in Saudi Arabia
CHAPTER – 6:Blood Glucose Monitoring Devices Market Industry Overview
- Blood Glucose Monitoring Devices Market – Competitive Landscape
- Blood Glucose Monitoring Devices Market– Key Vendor Profiles
- Blood Glucose Monitoring Devices Market– Other Prominent Vendors
- Blood Glucose Monitoring Devices Market – Key Strategic Recommendations
CHAPTER – 7: Appendix
- Research Methodology
- Abbreviations
- About Arizton
Select a license type that suits your business needs
Single User Licence
- Report accessible by one user only
- Free 10% or 3 days of customization
- Free post-sale service assistance
- Continuous support through email
5 User Licence
- Report accessible by 5 users within the organization
- Free 15% or 4.5 days of customization
- Continuous support through email and telephone
- Free analyst hour
- Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Corporate Licence
- Free Datasheet worth $1500
- Report accessible by the entire organization
- Free 20% or 6 days of customization
- Free post-sale service assistance
- Continuous support through email and telephone
- Direct access to lead analysts
- Free analyst hour
- Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
Datasheet Licence
- Report accessible by 1 user only
- Free 15% or 32 hours of customization
- Free post-sale service assistance
- Direct access to lead analysts
Frequently Asked Questions
How big is the global blood glucose monitoring devices market?
What is the growth rate of the global blood glucose monitoring devices market?
Which region dominates the global blood glucose monitoring devices market?
Who are the major players in the global blood glucose monitoring devices market?