Global Blood Glucose Meters Market Report and Forecast 2024-2032

Global Blood Glucose Meters Market Outlook

The global blood glucose meters market attained USD 17.93 billion in 2023. The market is expected to grow at a CAGR of 8.6% in the forecast period of 2024-2032.

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Large Diabetes Population in North America to Boost the Market Growth of Blood Glucose Meters

Region-wise, North America is a major market for blood glucose globally. This could be attributed to the ongoing advancements in the health care facilities and surgical equipment. Further, certain factors, such as a large diabetes population, technological advancements, and a rise in the number of diabetes cases in the younger population in the region, are boosting the market growth of blood glucose meters in the region. In addition, high government funding for advanced healthcare facilities and the availability of innovative healthcare infrastructure in North America is contributing to industry growth. Meanwhile, the Asia Pacific region is predicted to grow at a rapid pace over the forecast period owing to an upsurge in the number of diabetes patients in India and China.

Blood Glucose Meters: Market Segmentation

Blood glucose meters refer to electronic devices, which are used to examine blood via minute blood drop, which is taken by a lancet and a corresponding lancing device. This device is portable, battery-powered, and is quite handy and convenient to use.

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On the basis of type, the market is divided into:

• Self Monitoring
• Continuous

Self monitoring is sub-divided on the basis of component into glucometer devices, test strips, lancets, whereas, continuous type of blood glucose meter is sub-divided into sensors, transmitter and receivers, and external monitor.

By function, the industry is bifurcated into:

• Non-Invasive
• Invasive

On the basis of distribution channel, the industry is categorised into:

• Hospitals Pharmacies
• Retail Pharmacies
• Online
• Others

Based on end use, the industry can be segmented into:

• Clinics
• Hospitals
• Personal
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Arrival of Non-Invasive Devices to Aid the Market Growth of Blood Glucose Meters

The market for blood glucose meters is driven by the rising number of diabetic patients globally. The market is further invigorating owing to the introduction of advanced blood glucose meters. These advanced blood glucose meters are a preferred substitute to the conventional blood glucose meters, which adopted invasive techniques for diagnosis, like the use of a needle to prick the fingers, causing pain and discomfort to several patients. The arrival of non-invasive devices is expected to boost the market growth of blood glucose meters.

Key Industry Players in the Global Blood Glucose Meters Market

The report gives a detailed analysis of the following key players in the global blood glucose meters market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• B. Braun Melsungen AG  
• Medtronic plc
• Abbott Laboratories
• Dexcom, Inc.
• Terumo Europe NV
• F. Hoffmann-La Roche Ltd
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report