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The number of diabetic patients is rapidly increasing with the unhealthy lifestyles and food choices of the population and lack of active lifestyle, among other factors. The rising prevalence of diabetes among the population is primarily driving the glucose monitoring devices market growth.
Pharmaceutical companies are focusing on developing medications and devices, which would help diabetic patients monitor their glucose levels and recover much more effectively. The leading companies in the market are also collaborating to make more technologically advanced products, which is another factor that is contributing to the glucose monitoring devices market share. For instance, In February 2024, Ascensia Diabetes Care announced its global collaboration with SNAQ. SNAQ is an award-winning app that helps diabetic patients to know about their foods nutritional values and provide insights, such as counting carbs, protein, and fat content of meals just by uploading a photo and provide insights on what to eat in order to keeps glucose levels in targeted range.
Additionally, another collaboration was announced on June 24, 2024. The American Diabetes Association® (ADA) and Abbott announced their collaboration to make innovative product range for diabetic patients. Abbott and the ADA have been working together for more than 20 years to improve the quality of life of diabetics. Abbott has now decided to provide USD 2.65 million grants to the ADA over the next three years to enable them to collaborate with top healthcare professionals and key opinion leaders to understand the clinical evidence on the use of continuous glucose monitors (CGM) systems in developing personalized, and therapeutic nutrition.
Abbott and ADA also have plans to launch two pilot programs targeted at adults with Type 2 diabetes to gain a deeper understanding of the role that a CGM can play in personalized therapeutic nutrition.
Glucose Monitoring Devices Market Size
Glucose Monitoring Devices Market Analysis
Glucose Monitoring Devices Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Glucose Monitoring Devices Market Overview
3.1 Global Glucose Monitoring Devices Market Historical Value (2017-2023)
3.2 Global Glucose Monitoring Devices Market Forecast Value (2024-2032)
4 Global Glucose Monitoring Devices Market Landscape
4.1 Global Glucose Monitoring Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Glucose Monitoring Devices Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Technology
4.2.3 Analysis by Applications
5 Global Glucose Monitoring Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Glucose Monitoring Devices Market Segmentation
6.1 Global Glucose Monitoring Devices Market by Product Type
6.1.1 Self-Monitoring Blood Glucose Devices
6.1.1.1 Glucose Strips
6.1.1.2 Blood Glucose Metre
6.1.1.3 Lancets
6.1.2 Continuous Glucose Monitoring Devices
6.1.2.1 Sensors
6.1.2.2 Transmitters and Receiver
6.1.2.3 Insulin Pumps
6.1.2.4 Others
6.2 Global Glucose Monitoring Devices Market by Applications
6.2.1 Market Overview
6.2.2 Type-1 Diabetes
6.2.3 Type-2 Diabetes
6.3 Global Glucose Monitoring Devices Market by Distribution Channel
6.3.1 Market Overview
6.3.2 Retail
6.3.3 Speciality Stores
6.3.4 Drug Stores/Pharmacies
6.3.5 Online
6.3.6 Others
6.4 Global Glucose Monitoring Devices Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Clinics
6.4.4 Diagnostic Centres
6.4.5 Home Healthcare
6.4.6 Others
6.5 Global Glucose Monitoring Devices Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Glucose Monitoring Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Glucose Monitoring Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Glucose Monitoring Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Glucose Monitoring Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Glucose Monitoring Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Abbott Laboratories
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisition
17.1.5 Certifications
17.2 Medtronic plc.
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisition
17.2.5 Certifications
17.3 F. Hoffmann-La Roche Ltd.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisition
17.3.5 Certifications
17.4 Ascensia Diabetes Care
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisition
17.4.5 Certifications
17.5 Dexcom, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisition
17.5.5 Certifications
17.6 Sanofi
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisition
17.6.5 Certifications
17.7 Novo Nordisk
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisition
17.7.5 Certifications
17.8 Insulet Corporation
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisition
17.8.5 Certifications
17.9 Ypsomed Holdings
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisition
17.9.5 Certifications
17.10 Glysens Incorporated
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisition
17.10.5 Certifications
18 Global Glucose Monitoring Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
The market attained a value of about USD 17.47 billion in 2023, driven by the rising number of diabetic patients worldwide.
The market is anticipated to grow at a CAGR of 11.3% during the forecast period of 2024-2032, likely to reach a market value of USD 45.80 billion by 2032.
The increasing awareness regarding diabetes preventive care and the rising incidence of diabetes are among the major factors driving the market growth.
Key players in the market collaborating to produce new and advanced products for diabetic patients, which is a key trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Different glucose monitoring devices present in the market are self-monitoring blood glucose devices and continuous glucose monitoring devices.
They find wide applications in Type-1 Diabetes and Type-2 Diabetes.
The distribution channels involved are retail, speciality stores, drug stores/pharmacies, and online channels, among others.
The end users are hospitals, clinics, diagnostic centres, and home healthcare, among others.
Key players involved in the market are Abbott Laboratories, Medtronic plc., F. Hoffmann-La Roche Ltd., Ascensia Diabetes Care, Dexcom, Inc., Sanofi, Novo Nordisk, Insulet Corporation, Ypsomed Holdings, and Glysens Incorporated.
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