Glucose Monitoring Devices Market
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This market research report on glucose monitoring devices market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (self-monitoring blood glucose devices and continuous glucose monitoring devices), by end-users (hospitals and clinics, diagnostic centers, and home healthcare), by distribution channel (retail and online), and by geography (APAC, Europe, Latin America, MEA, and North America).

Glucose Monitoring Devices Market - Overview

The increasing incidence of diabetes and rising awareness about the self-management of diabetes is fueling the growth of the global glucose monitoring devices market. The changing lifestyle, high alcohol consumption, and smoking habits are some of the major factors attributing to the rising number of diabetic patients across the globe. The lucrative reimbursement policies in developed countries such as the US and the UK is enhancing the adoption rate of these medical devices in the market. The introduction of advanced glucose monitoring devices will transform the medical devices market and promote the development of new product portfolios. The introduction of medical devices that are compatible with smartphones and smart gadgets is offering easy access to these devices to a large number of end-users in the global market. The integration of glucose monitoring devices with mobile applications has eased the monitoring of blood glucose levels amongst patients.

The collaborative partnerships among vendors and end-users to develop and promote the use of pocket-friendly glucose monitoring devices at home healthcare settings will contribute to the demand for these medical devices in the market. The growth of e-commerce websites will create effective distribution networks for vendors in the global market. The glucose monitoring devices market is anticipated to generate revenues of over $6 billion and is projected to grow at a CAGR of more than 8% during the forecast period.

Glucose Monitoring Devices Market - Dynamics

The growth of emerging economies such as China, India, and Singapore are creating new opportunities for vendors in the global glucose monitoring devices market. Leading companies such as Medtronic are launching diabetes awareness campaigns in the APAC region to increase the use of CGM systems for diabetic patients and gain a larger market share. Collaborations among key players and hospitals and diagnostic clinics will increase the adoption of these medical devices in the market and help launch innovative products to meet the growing demand in the region. Additionally, the rapidly changing regulatory policies and lucrative investment policies will enable leading players from the global market to invest in the development of the glucose monitoring devices market in these regions over the next few years.

Glucose Monitoring Devices Market Segmentation

This market research report includes a detailed segmentation of the market by products, by end-users, by distribution channels, and by geography.

Segmentation Of Global Glucose Monitoring Devices Market

Segmentation of Global Glucose Monitoring Devices Market

 

Glucose Monitoring Devices Market – By Products

High demand for SMBG devices from developed countries such as the UK, the US, and Germany attributes to market share in this segment

The glucose monitoring devices market by products is segmented into self-monitoring blood glucose devices and continuous glucose monitoring devices. The self-monitoring blood glucose devices were the largest product segment in the market accounting for close to 58% of the total market share in 2017 and are expected to grow at an impressive CAGR over 10% during the forecast period. The advent of home healthcare and growing need for daily monitoring of blood sugar level in an individual is driving the growth of this market segment in the global market. The three primary sub-segments of self -monitoring blood glucose devices segment are blood glucose strips, glucose meters, and lancets. Glucose strips are the most popular SMBG devices used in the global market. The rising awareness about self-monitoring of glucose, diabetes management, and prevention of diabetes are some of the factors that will contribute to the demand for SMBG devices during the forecast period.

Glucose Monitoring Devices Market – By End-Users

Hospitals and clinics to dominate the glucose monitoring devices market during the forecast period

The end-users segment in the glucose monitoring devices market is classified into hospitals and clinics, diagnostic centers, and home healthcare. Hospitals and clinics dominated the global market by accounting for around 40% of the total market share in 2017. The use of the conventional method of glucose monitoring is highly preferred amongst the geriatric population and is one of the factors driving the growth of this market segment. Hospitals help with the diagnosis and monitoring of blood glucose level and other abnormalities resulting due to improper glucose concentration in the blood. The number of specialized services provided by small hospitals and clinics is attributing to the popularity of this market segment in the global market. The level of accuracy of the test result, consultation, and medication are some of the factors that augment the growth of the hospitals and clinics in the glucose monitoring devices market.

Glucose Monitoring Devices Market – By Distribution Channels

Retail stores control a larger market share in the glucose monitoring devices market

The glucose monitoring devices market by distribution channels is categorized into retail and online. Retail stores were the largest distribution channel segment in the global market occupying around 55% of the total market share. The retail segment is further divided into specialty stores, drug stores, and pharmacies. The wide availability of advanced glucose meters and affordable devices at a varied price range and for home healthcare set up is driving the growth of the retail stores segment. Retail stores also focus on marketing the product off-the-shelf targeting customers that help in increasing the brand awareness and creates demand for the medical devices in the global market.

Glucose Monitoring Devices Market – By Geography

North America is the most significant revenue contributor to the glucose monitoring devices market

The geographical segment of the glucose monitoring devices market is divided into APAC, Europe, Latin America, MEA, and North America. North America dominated the global market occupying around 40% of the total market share in 2017 and is anticipated to grow at a CAGR of over 9% during the forecast period. The US and Canada are the primary revenue contributors in the market in North America. The effective reimbursement policies and growing awareness of diabetes are driving the demand for glucose monitoring devices in North America. The increasing investments in the R&D and prevalence of technologically advanced medical device markets in the region will help North America led the global market during the forecast period.

Key Countries Profiled

The key countries profiled in the report are:

  • US
  • Canada
  • Germany
  • UK
  • China
  • Japan
  • Australia
  • Brazil
  • Mexico
  • South Africa

Key Vendor Analysis

The glucose monitoring devices market is highly fragmented with the presence of various international players. The rapidly changing technological environment and high investment in R&D are intensifying the competition in the global market. The leading vendors in the market are focusing on launching glucose monitoring devices with high accuracy and that are compatible with mobile applications. The key players are also focusing on diversifying their businesses across various regions to gain a larger consumer base and gain a larger market share.

The major vendors in the global market are:

  • Abbott
  • Medtronic
  • LifeScan
  • Roche

Other prominent vendors include 77 Elektronika, A. Menarini Diagnostics, ACON Laboratories, AgaMatrix, Alere, Ascensia Diabetes Care, B. Braun, Beurer, Bioptik Systems, DiamonTech, Dexcom, Echo Therapeutics, Glysens, HemoCue, iHealth Labs, Innovus Pharmaceuticals, Integrity Applications, International Biomedical, Medisana, Mediwise, National Diagnostic Products, Nemaura Medical, Nipro, Nova Biomedical, Novo Nordisk, Orsense, Panasonic Healthcare, Philosys, Senseonics, TaiDoc Technology, Terumo Europe, and Wama Diagnostica.

Key market insights include

  1. The analysis of glucose monitoring devices market provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the glucose monitoring devices market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook for glucose monitoring devices market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

The global glucose monitoring devices market size is expected to reach over $6 billion by 2023, growing at a CAGR of more than 8% 2017–2023.

The market research report provides in-depth market analysis and segmental analysis of the global glucose monitoring devices market by product, distribution channel, end-user, and geography.

Base Year:                  2017

Forecast Year:           2018–2023

The study considers the present scenario of the global glucose monitoring devices market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. It also covers both demand and supply sides of the market. It profiles and analyzes the leading 4 companies and 32 other prominent companies operating in the market.

Major Vendors in the Glucose Monitoring Devices Market

  • Abbott
    • Business Overview
    • Business Segments
    • Abbott in Global Glucose Monitoring Market
    • Product Offerings
    • Key Strengths
    • Key Strategies
    • Key Opportunities
  • Medtronic
  • LifeScan
  • Roche

Prominent Players in the Glucose Monitoring Devices Market

  • 77 Elektronika
    • Company Overview
  • A. Menarini Diagnostics
  • ACON Laboratories
  • AgaMatrix
  • Alere
  • Ascensia Diabetes Care
  • B. Braun
  • Beurer
  • Bioptik Systems
  • DiamonTech
  • Dexcom
  • Echo Therapeutics
  • Glysens
  • HemoCue
  • iHealth Labs
  • Innovus Pharmaceuticals
  • Integrity Applications
  • International Biomedical
  • Medisana
  • Mediwise
  • National Diagnostic Products
  • Nemaura Medical
  • Nipro
  • Nova Biomedical
  • Novo Nordisk
  • Orsense
  • Panasonic Healthcare
  • Philosys
  • Senseonics
  • TaiDoc Technology
  • Terumo Europe
  • Wama Diagnostica

Market Segmentation by Product

  • Self-Monitoring Blood Glucose Devices
    • Glucose Strips
    • Glucose Meter
    • Lancets
  • Continuous Glucose Monitoring Devices

Market Segmentation by End-users

  • Hospital and Clinics
  • Diagnostic Centers
  • Home Healthcare

Market Segmentation by Distribution Channels

  • Retail
    • Specialty Stores
    • Drug Stores/Pharmacies
  • Online

Market Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
  • APAC
    • China
    • Japan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

 

1          Research Methodology

2          Research Objectives

3          Research Process

 

4          Report Coverage

4.1       Market Definition

4.2       Base Year

4.3       Scope of Study

4.3.1   Market Segmentation by Product Type

4.3.2   Market Segmentation by End-users

4.3.3   Market Segmentation by Distribution

4.3.4   Market Segmentation by Geography

 

5          Report Assumptions & Caveats

5.1       Key Caveats

5.1.1   Inclusions

5.1.2   Exclusions

5.2       Currency Conversion rate

5.3       Market Derivation

 

6          Market at a Glance

 

7          Introduction

 

8          Market Dynamics

8.1       Market Growth Enablers

8.1.1   Increasing Incidences of Diabetes

8.1.2   Growing Adoption of Smartphones and Gadgets

8.1.3   Increasing Acceptance of Glucose Monitoring Devices among Women

8.1.4   YOY Impact of Market Growth Enablers

8.1.5   YOY Impact of Market Growth Enablers on Geographies

8.2       Market Restraints

8.2.1   High Cost of Blood Glucose Strips

8.2.2   Inaccuracy in Glucose Monitoring Devices

8.2.3   Usability and Applicability Challenges

8.2.4   Product Recalls

8.2.5   YOY Impact of Market Growth Restraint

8.2.6   YOY Impact of Market Growth Restraint on Regions 2017

8.3       Market Opportunities & Trends

8.3.1   Emerging Markets Serve as Lucrative Market

8.3.2   Growing Promotional and Marketing Activities

8.3.3   Increasing Adoption of Home Healthcare Concept

8.3.4   YOY Impact of Market Opportunities & Trends

8.3.5   YOY Impact of Market Opportunities & Trends on Regions

8.3.6   Sensitivity Analysis of Key Market Trends and Opportunities

 

9          Value Chain Analysis

9.1       Overview

9.1.1   Raw Material

9.1.2   Manufacturers

9.1.3   Distributors

9.1.4   Retailers

9.1.5   End-user

 

10        Global Glucose Monitoring Devices Market

10.1    Market Overview

10.1.1 Historical Data 2014–2016

10.2    Market Size & Forecast

10.3    Porter’s Five Forces Analysis

10.3.1 Threat of New Entrants

10.3.2 Bargaining Power of Suppliers

10.3.3 Bargaining Power of Buyers

10.3.4 Threat of Substitutes

10.3.5 Competitive Rivalry

 

11        Market Segmentation by End-Users

11.1    Market Overview

 

12        Market By Product

12.1    Market Overview

 

13        Global SMBG Devices Market

13.1    Market Size & Forecast

13.2    Global Blood Glucose Strips Market

13.2.1 Market Size & Forecast

13.3    Global Glucose Meters Market

13.3.1 Market Size & Forecast

13.4    Global Lancets Market

13.4.1 Market Size & Forecast

 

14        Global CGM Devices Market

14.1    Market Overview

14.2    Market Size & Forecast

 

15        Market Segmentation by Distribution Channels

15.1    Market Overview

15.2    Distribution through Retail Stores

15.3    Distribution through Online Websites

 

16        Geographical segmentation

16.1    Market Overview

 

17        North America: Glucose Monitoring Devices Market

17.1    Market Overview

17.2    Market Size & Forecast

17.3    Key Countries

17.3.1 US: Market Size & Forecast

17.3.2 Canada: Market Size & Forecast

17.4    Leading Trend, Driver, and Restraint

 

18        Europe: Glucose Monitoring Devices Market

18.1    Market Overview

18.2    Market Size & Forecast

18.3    Key Countries

18.3.1 Germany: Market Size and Forecast

18.3.2 UK: Market Size and Forecast

18.4    Leading Trend, Driver, and Restraint

 

19        APAC: Glucose Monitoring Devices Market

19.1    Market Overview

19.2    Market Size & Forecast

19.3    Key Countries

19.3.1 China: Market Size & Forecast

19.3.2 Japan: Market Size & Forecast

19.3.3 Australia: Market Size & Forecast

19.4    Leading Trend, Driver, and Restraint

 

20        Latin America: Glucose Monitoring Devices Market

20.1    Market Overview

20.2    Market Size & Forecast

20.3    Key countries

20.3.1 Brazil: Market Size & Forecast

20.3.2 Mexico: Market Size & Forecast

20.4    Leading Trend, Driver, and Restraint

                                          

21        MEA: Glucose Monitoring Devices Market

21.1    Market Overview

21.2    Market Size & Forecast

21.3    Key countries

21.3.1 South Africa

21.4    Leading Trend, Driver, and Restraint

 

22        Competitive Landscape

22.1    Competition overview

22.2    Market Structure and Mapping of Competition

22.2.1 Herfindahl-Hirschman Index

22.3    Market VENDOR Analysis

22.3.1 SMBG Devices

22.3.2 CGM Devices

22.4    Key news

 

23        Key Company Profiles

23.1    Abbott

23.1.1 Business Overview

23.1.2 Business Segments

23.1.3 Abbott in Global Glucose Monitoring Devices Market

23.1.4 Product Offerings

23.1.5 Key Strength

23.1.6 Key Strategy

23.1.7 Key Opportunity

23.2    Medtronic

23.2.1 Business Overview

23.2.2 Business Segments

23.2.3 Medtronic in Global Glucose Monitoring Devices Market

23.2.4 Product Offerings

23.2.5 Key Strengths

23.2.6 Key Strategy

23.2.7 Key Opportunities

23.3    Lifescan

23.3.1 Business Overview

23.3.2 Business Segments

23.3.3 LifeScan in Global Glucose Monitoring Devices Market

23.3.4 Product Offerings

23.3.5 Key Strengths

23.3.6 Key Strategy

23.3.7 Key Opportunities

23.4    Roche

23.4.1 Business Overview

23.4.2 Business Segments

23.4.3 Roche in Global Glucose Monitoring Devices Market

23.4.4 Product Offerings

23.4.5 Key Strengths

23.4.6 Key Strategy

23.4.7 Key Opportunities

 

24        Other Prominent Companies

24.1    77 Elektronika

24.1.1 Company Overview

24.2    A. Menarini Diagnostics

24.2.1 Company Overview

24.3    ACON Laboratories

24.3.1 Company Overview

24.4    AgaMatrix

24.4.1 Company Overview

24.5    Alere

24.5.1 Company Overview

24.6    Ascensia Diabetes Care

24.6.1 Company Overview

24.7    B. Braun

24.7.1 Company Overview

24.8    Beurer

24.8.1 Company Overview

24.9    Bioptik Systems

24.9.1 Company Overview

24.10  DiamonTech

24.10.1 Company Overview

24.11  Dexcom

24.11.1 Company Overview

24.12  Echo Therapeutics

24.12.1 Company Overview

24.13  GlySens

24.13.1 Company Overview

24.14  HemoCue

24.14.1 Company Overview

24.15  iHealth Labs

24.15.1 Company Overview

24.16  Innovus Pharmaceuticals

24.16.1 Company Overview

24.17  Integrity Applications

24.17.1 Company Overview

24.18  International Biomedical

24.18.1 Company Overview

24.19  Medisana

24.19.1 Company Overview

24.20  Mediwise

24.20.1 Company Overview

24.21  National DiagnostiC Products

24.21.1 Company Overview

24.22  Nemaura Medical

24.22.1 Company Overview

24.23  Nipro

24.23.1 Company Overview

24.24  Nova Biomedical

24.24.1 Company Overview

24.25  Novo Nordisk

24.25.1 Company Overview

24.26  Orsense

24.26.1 Company Overview

24.27  Panasonic Healthcare

24.27.1 Company Overview

24.28  Philosys

24.28.1 Company Overview

24.29  Senseonics

24.29.1 Company Overview

24.30    TaiDoc Technology

24.30.1 Company Overview

24.31  Terumo Europe

24.31.1 Company Overview

24.32  Wama Diagnostica

24.32.1 Company Overview

 

25        Report Summary

25.1    Key Takeaways

25.2    Strategic Recommendation

25.3    Qualitative Summary of Glucose Monitoring Devices Market

25.4    Quantitative Summary of Glucose Monitoring Devices Market

 

26        Appendix

26.1    List of Abbreviations

           

     

            

List of Exhibits       

Exhibit 1         Segmentation of Glucose Monitoring Devices Market

Exhibit 2         Market Size Calculation Approach 2017

Exhibit 3         Market Size Calculation 2017

Exhibit 4         Overview of Global Glucose Monitoring Devices Market

Exhibit 5         Real GDP per Capita Growth in Various Developing Countries 2013–2015

Exhibit 6         Prevalence of Diabetes Worldwide (2015) (%)

Exhibit 7         Mortality Rate due to Diabetes 2012–2018

Exhibit 8         Prevalence of Diabetes in North America (2015)

Exhibit 9         Prevalence of Diabetes in Europe 2015 (%)

Exhibit 10       Prevalence of Diabetes in APAC 2015 (%)

Exhibit 11       Market Penetration of Smartphones in Developed Countries (per 100 inhabitants)

Exhibit 12       Market Penetration of Smartphones in Developing Countries (per 100 inhabitants)

Exhibit 13       ASP of Blood Glucose Test Strips: Online

Exhibit 14       Percentage of Global Population Using Home Healthcare

Exhibit 15       Sensitivity Analysis of Key Market Trends 2018–2023

Exhibit 16       Value Chain Analysis of Glucose Monitoring Devices Market

Exhibit 17       Factor Impacting Glucose Monitoring Devices Market

Exhibit 18       Historical Data: Global Glucose Monitoring Devices Market 2014–2016 ($ billion)

Exhibit 19       Global Glucose Monitoring Devices Market 2017−2023 ($ billion)

Exhibit 20       Five Forces Analysis 2017

Exhibit 21       Global Glucose Monitoring Devices Market by End-Users 2017

Exhibit 22       Global Glucose Monitoring Devices Market by Product Type 2017 and 2023

Exhibit 23       Global Glucose Monitoring Market by Product Type

Exhibit 24       Global Glucose Monitoring Devices Market by Product Type 2017–2023 ($ billion)

Exhibit 25       Global SMBG Devices Market 2017−2023 ($ billion)

Exhibit 26       Global SMBG Devices Market by Products 2017

Exhibit 27       Global Blood Glucose Strips Market 2017−2023 ($ billion)

Exhibit 28       Global Glucose Meters Market 2017−2023 ($ billion)

Exhibit 29       Global Lancets Market 2017−2023 ($ billion)

Exhibit 30       Global CGM Devices Market 2017−2023 ($ billion)

Exhibit 31       Distribution of Global Glucose Monitoring Devices Market

Exhibit 32       Global Glucose Monitoring Devices Market by Distribution Channels 2017

Exhibit 33       Market Share of Geographies in Glucose Monitoring Market 2017–2023

Exhibit 34       Expected CAGRs of Key Geographies 2017–2023

Exhibit 35       Glucose Monitoring Devices Market in North America 2017−2023 ($ billion)

Exhibit 36       Glucose Monitoring Devices Market in North America by Products 2017

Exhibit 37       Prevalence of Diabetes in US (million)

Exhibit 38       Glucose Monitoring Devices Market in US 2017−2023 ($ billion)

Exhibit 39       Glucose Monitoring Devices Market in US by Products 2017

Exhibit 40       Glucose Monitoring Devices Market in Canada 2017−2023 ($ billion)

Exhibit 41       Glucose Monitoring Devices Market in Canada by Products 2017

Exhibit 42       Glucose Monitoring Devices Market in Europe 2017–2023 ($ billion)

Exhibit 43       Glucose Monitoring Devices Market in Europe: Key Region 2017

Exhibit 44       Glucose Monitoring Devices Market in Europe by Products 2017

Exhibit 45       Glucose Monitoring Devices Market in Germany 2017−2023 ($ billion)

Exhibit 46       Glucose Monitoring Devices Market in Germany by Products 2017

Exhibit 47       Glucose Monitoring Devices in UK 2017−2023 ($ billion)

Exhibit 48       Glucose Monitoring Devices Market in UK by Products 2017

Exhibit 49       Glucose Monitoring Devices Market in APAC 2017–2023 ($ billion)

Exhibit 50       Glucose Monitoring Devices Market in APAC by Products 2017

Exhibit 51       Glucose Monitoring Devices Market in China 2017–2023 ($ billion)

Exhibit 52       Glucose Monitoring Devices Market in China by Products 2017

Exhibit 53       Glucose Monitoring Devices Market in Japan 2017−2023 ($ billion)

Exhibit 54       Glucose Monitoring Devices Market in Japan by Products 2017

Exhibit 55       Glucose Monitoring Devices Market in Australia 2017−2023 ($ billion)

Exhibit 56       Glucose Monitoring Devices Market in Australia by Products 2017

Exhibit 57       Glucose Monitoring Devices Market in Latin America 2017–2023 ($ billion)

Exhibit 58       Glucose Monitoring Devices Market in Latin America by Products 2017

Exhibit 59       Glucose Monitoring Devices Market in Brazil 2017–2023 ($ billion)

Exhibit 60       Glucose Monitoring Devices Market in Brazil by Products 2017

Exhibit 61       Glucose Monitoring Devices Market in Mexico 2017–2023 ($ billion)

Exhibit 62       Glucose Monitoring Devices Market in Mexico by Products 2017

Exhibit 63       Glucose Monitoring Devices Market in MEA 2017−2023 ($ billion)

Exhibit 64       Glucose Monitoring Devices Market in MEA by Products 2017

Exhibit 65       Overview of Market Concentration in Geographies 2017 (as illustrated by HHI)

           

           

List of Tables          

Table 1            Key Geographies Definition

Table 2            Key Caveats

Table 3            Currency Conversion 2014−2017

Table 4            YOY Impact of Market Growth Enablers 2017−2023

Table 5            YOY Impact of Market Growth Enablers on Regions 2017

Table 6            Product Recalls in Glucose Monitoring Devices Market

Table 7            YOY Impact of Market Growth Restraint 2017−2023

Table 8            YOY Impact of Market Growth Restraint on Regions 2017

Table 9            YOY Impact of Market Opportunities & Trends 2017−2023

Table 10         YOY Impact of Market Opportunities & Trends on Regions 2017

Table 11         Impact Analysis of Glucose Monitoring Devices Market by Product 2017 and 2023

Table 12         Drivers and Challenges in Glucose Monitoring Devices Market by End-Users

Table 13         Impact Analysis of Glucose Monitoring Devices by End-Users 2017 and 2023

Table 14         ASP of Glucose Strips in 2017

Table 15         ASP of Glucose Meters in 2017

Table 16         ASP of Lancets in 2017

Table 17         Impact Analysis of SMBG Devices by Product 2017 and 2023

Table 18         Impact Analysis of SMBG Devices by Product 2017 and 2023

Table 19         Leading SMBG Device Manufacturers 2017

Table 20         Leading CGM Device Manufacturers 2017

Table 21         Abbott: Product Offerings

Table 22         Qualitative Summary of Global Glucose Monitoring Devices Market

Table 23         Global Glucose Monitoring Devices Market by Geography ($ billion)

Table 24         Global Glucose Monitoring Devices Market by Geography (%)

Table 25         Glucose Monitoring Devices Market by Products ($ billion)

Table 26         Glucose Monitoring Devices Market by Products (%)

Table 27         SMBG Devices Market by Sub-Product Category ($ billion)

Table 28         Glucose Monitoring Devices Market by Products (%)

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