Global Glucose Monitoring Devices Market 2021 is expected to register a CAGR of 6.5%, during forecast period with Impact of Covid 19 Analysis

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Global “Glucose Monitoring Devices Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Glucose Monitoring Devices in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Glucose Monitoring Devices Market report categorizes the market based on manufacturers, regions, type, and application. Glucose Monitoring Devices Market reports offer a detailed assessment of the Glucose Monitoring Devices including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Glucose Monitoring Devices market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Glucose monitoring device is likely to have a lucrative market, with great growth potentials in the coming years. Rising incidences of people suffering from diabetes, convenience of a continuous glucose monitoring, early detection of hypoglycemic and hyperglycemic diabetes, and increasing technological innovations are a few factors driving the market growth. The global glucose monitoring devices market is expected to register a CAGR of about 6.5% during 2018-2023 (the forecast period).

Easy Adoption of Continuous Glucose Monitoring as Compared to Self-monitoring Devices

There have been continuous advances in the field of glucose monitoring over the last four decades, which have led to the development of highly evolved blood glucose meters, non-invasive glucose monitoring (NGM) devices, and continuous glucose monitoring systems (CGMS). CGMS have led to tremendous improvements in the diabetic management, as shown by the significant lowering of glycated hemoglobin (HbA1c) in adults with Type I diabetes. Most of the CGMS are minimally-invasive, however, the more recent ones are based on NGM techniques. CGMS detects the abnormal patterns of glycaemia many folds better than the conventional technology in pediatric Type 1 diabetes, which further enables a significant decrease in HbA1c.
Additionally, rising occurrence of Type I and Type II diabetes among all age groups, technological innovations, and growing demand for remote patient glucose monitoring devices are some other factors contributing to the market growth.

Less Attractive Reimbursement for Regular Monitoring

A laboratory is a crucial part of glucose monitoring. Laboratories have shifted from fee-for-service (FFS) to value-based reimbursement systems. Planned cuts in reimbursement rates are being made to the Centers for Medicare & Medicaid Services (CMS) that are responsible for healthcare insurance programs. Tests are reimbursed according to the Hospital Outpatient Prospective Payment System (OPPS), and are billed directly by the hospitals rather than the labs. Many labs are already affected by the transition in healthcare from FFS payments to value-based payments. The cuts in reimbursement rates have led to uncertainties in lab investments.
Additionally, high cost associated with the frequent blood glucose tests for economically strained countries and strict regulation of glucose monitoring devices by regulatory organizations, like FDA, are also restraining the glucose monitoring devices market growth.

North America to Dominate the Market

The global glucose monitoring devices market is segmented on the basis of glucose monitoring system, application, and geography. By geography, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to dominate the global market, due to the growing demand for a prompt and accurate diagnosis, treatment, and the presence of technically advanced healthcare infrastructure.

Major Players: ABBOTT LABORATORIES, LIFESCAN INC., F. HOFFMANN-LA ROCHE AG, BAYER HEALTHCARE AG, MEDTRONIC INC., DEXCOM INC., ARKAY INC., INSULET CORPORATION, NOVO NORDISK A/S, and TERUMO CORPORATION, among others.

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The global Glucose Monitoring Devices market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Glucose Monitoring Devices Market Report covers the Top Key-players in 2021:-

  • Abbott Laboratories
  • Lifescan Inc.
  • F. Hoffmann-La Roche AG
  • Bayer Healthcare AG
  • Medtronic Inc.
  • Dexcom Inc.
  • Arkay Inc.
  • Insulet Corporation
  • Novo Nordisk A/S
  • and Terumo Corporation

Highlighted points of Glucose Monitoring Devices Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Glucose Monitoring Devices Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Glucose Monitoring Devices? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Glucose Monitoring Devices Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Glucose Monitoring Devices Market? What Was Capacity, Production Value, Cost and PROFIT of Glucose Monitoring Devices Market?
  • What Is Current Market Status of Glucose Monitoring Devices Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Glucose Monitoring Devices Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Glucose Monitoring Devices Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Glucose Monitoring Devices Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Glucose Monitoring Devices Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Glucose Monitoring Devices Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Glucose Monitoring Devices Industry?

Key Developments in the Glucose Monitoring Devices Market:

  • Major developments in 2017 covered in the report
  • And the latest major developments in 2018 covered in the report

    Reasons to Purchase the Report

  • Market analysis for the global glucose monitoring devices market, with region-specific assessments and competition analysis on the global and regional scale
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support along with the Market Estimate sheet (in Excel).

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    Finally, the report Global Glucose Monitoring Devices Market 2021 describes the Glucose Monitoring Devices industry expansion game plan, the Glucose Monitoring Devices industry knowledge supply, appendix, analysis findings, and the conclusion.

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