ID: 625 | October 2016 | Region: Global
Glucose monitoring devices market is driven by the increasing number of diabetic patients as a consequence of sedentary lifestyles. The other key drivers for the growth of this market are increasing the need for easy and efficient monitoring of blood glucose levels and the introduction of artificial pancreas. The restraints that typically govern this industry are stringent regulatory norms, insufficient reimbursement options, and a high surge in the price and cost of treatment.
Blood glucose monitors are holding major market globally due to its prominence and affordability among the emerging nations, technological advancements have led to the growth of Continuous Glucose Monitoring devices which is expected to grow faster in the future. Transmitters and receivers segment is estimated to lead the market, whereas the insulin pumps segment is anticipated to grow at the highest CAGR during the forecast period.
The North American glucose monitoring device accounts for the highest market value. However, it is estimated that the Asia-Pacific market will grow at the highest CAGR during the forecast period. India in the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, due to the increasing prevalence of diabetes, lifestyle changes, and growing research on diabetes and its management.
The major companies dominating this market for its products, services, and continuous product developments are Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc, AgaMatrix Inc, Arkray Inc, Medtronic, DexCom Inc, Nova Biomedical Corporation and Teruma Europe NV.
Browse through the full report at “http://www.marketdataforecast.com/market-reports/global-glucose-monitoring-device-market-619/” and checkout our recent reports in the Medical Devices category at “http://www.marketdataforecast.com/research-reports/healthcare/medical-devices-2/”. For more insights and up-to-date industry news don’t forget subscribing to our newsletters.
|The Operating Room Equipment Market Is Predicted To Reach USD 30.58 Billion With A CAGR Of 3.9 % Acc|
|The Gynecological Examination Chairs Market is predicted to reach $ xxx USD Billion by 2021 with a C|
Or follow us on social platform
© 2017 Market Data Forecast
All Rights Reserved.