Diabetes Monitoring Devices Market

With countless blood glucose meters on the market how do you know which one to choose for blood glucose monitoring and testing.

Diabetes monitoring devices market.

The global blood glucose monitoring system market is highly dynamic due to the presence of several global regional and local players. Rising awareness about diabetes management and a growing number of health conscious people leading to high adoption of diabetes monitoring devices these factors are expected to drive the growth of the global diabetes diagnosis and monitoring devices market during the forecast period of 2019 2026. Diabetes devices market was valued at us 41 8 bn in 2018 and is anticipated to expand at a cagr of 6 4 from 2019 to 2027 increase in prevalence of diabetes and increase in adoption of insulin pumps among type 1 diabetes patients are projected to drive the market. The company has strong geographic presence across north america europe asia pacific latin america and middle east africa and markets and sales its products in these geographies through more than 230.

The leading vendors are offering a diverse range of bg meters test strips sensors lancets and lancing devices for enhancing improving diabetes management to sustain the intense competition. The company offers self monitoring blood glucose meters and insulin delivery devices through its medical devices and diagnostics segment. For instance in september 2017 the u s. The global diabetes monitoring devices market has witnessed a multitude of product launches with varied features and specifications in the recent past.

A bgm is not to be used to diagnose for diabetes. If you are concerned that you may have diabetes please see your doctor. The device is used to record and track blood glucose levels for the management of diabetes. The device is indicated for adults with type 2 diabetes and is approved in europe where the company has started to commercialize the glucose monitor.

The rise in the demand for non invasive blood glucose meters is expected to drive the market.