Search

Blood Glucose Monitoring Market

Blood Glucose Monitoring Market Trends, Opportunity, and Forecast Analysis, 2024-2033

Blood glucose monitoring market revenue to generate USD 42.6 Billion by 2033, according to KDMI analyst’s growth analysis. The market is segmented by product type, distribution channel, end-user, and by Region.

Blood Glucose Monitoring Market Size Survey Report – In a Glance

As per the survey report on global Blood glucose monitoring market, the market is projected to foresee a CAGR of 7.9% between 2024-2033, and further generate a market size of USD 42.6 billion revenue by the end of 2033. In the year 2023, the market size was valued at USD 23.3 billion revenue.

  • The global Blood glucose monitoring market is projected to grow on account of the rising prevalence of diabetes.
  • In Japan, the Blood glucose monitoring market growth can be attributed to the government diabetes management and prevention programs.
  • KDMI analyst’s growth analysis foresees high cost of glucose monitoring products to challenge the market growth.
  • North America, having the highest market share in the Blood glucose monitoring market, is projected to dominate the global market.

Blood Glucose Monitoring Market Analysis

A blood glucose monitoring device monitors glucose concentration in the blood and plays a key role in managing diabetes. It generally involves a tiny lancet to collect blood specimens, a test strip, and a gauge to indicate readings. During the projected timeframe, the rising prevalence of diabetes is expected to support the blood glucose monitoring market expansion as the mounting diabetes cases lead to the accelerated adoption of glucose monitoring devices. Millions of people are dealing with diabetes and more than 90% of them have type 2 diabetes. International Diabetes Federation (IDF) findings show that 1 in 8 adults, more or less 783 million, will be experiencing diabetes which indicates an increase of 46% by 2045.

Abbott Laboratories, Dexcom, Inc., F. Hoffmann-La Roche Ltd, are some of the significant parties in the global market for Blood glucose monitoring.


Analyst’s Observation on Japan Blood Glucose Monitoring Market Survey

In Japan, the market growth for Blood glucose monitoring can be attributed to the government diabetes management and prevention programs. The Japanese government has been strongly supporting the diabetes control and prevention strategies across the nation which is further helping in strengthening the blood glucose monitoring market. These programs predominantly stress the importance of periodic blood glucose level checks, resulting in heightened awareness and demand for blood glucose monitoring devices. Recently, the "Obesity Treatment Guidelines 2022" have been modified to include the latest knowledge in order to remain in sync with advances in treatment. It also covers the social initiatives that the Japan Society for the Study of Obesity sets out to take steps to improve the welfare of people with obesity. Roche, Abbott, Medtronics, are some of the significant parties in the market for Blood glucose monitoring in Japan.

Blood Glucose Monitoring Market: Report Scope

Base Year

     2023

Estimated Market Size

     USD 23.3 Billion in 2024

Forecast Year

     2024-2033

Projected Market Size

     USD 42.6 Billion in 2033

CAGR Value

     7.9%

Blood glucose monitoring Market Key Trends/Major Growth Drivers

  • Growth in obesity rates
  • Advances in sensor technology
  • Government diabetes management and prevention programs

Restraint Factors

  • High cost of glucose monitoring products
  • Complications associated with glucose monitoring devices

Blood glucose monitoring Market Segmentation

  • By Product type
  • By Distribution channel
  • End-user
  • By Geography

Blood glucose monitoring Market Key Players

F.Hoffman-la Roche (Switzerland), Abbott Laboratories (US), LifeScan (US), Ascensia Diabetes Care (Switzerland), Medtronic (Ireland), Dexcom (US), and others.


Blood Glucose Monitoring Market Growth Driver and Challenges

Growth Driver

Growth in obesity rates:

In recent years, diabetes cases are increasing globally which needs immediate focus and prompt action with emphasis on precautionary steps, early diagnosis, and best management practices. It has been predicted that by 2035, around 79% of adults with overweight and obesity will live in Low- and Middle-Income Countries (LMICs). Furthermore, about 88% of children with overweight and obesity will be living in LMICs by 2035. It has also been forecasted that the number of adults facing obesity challenges will increase from 0.81 billion in 2020 to 1.53 billion in 2035. As more people need proper blood glucose regulation, innovations in monitoring technology are surging. Therefore, this uptick in demand is spurring blood glucose monitoring market expansion, drawing attention to the requirement for reliable and easy-to-use solutions.

Restraint

High cost of glucose monitoring products:

The high cost of glucose monitoring products is a significant obstacle to their widespread use, specifically in low and middle-income countries. This can even block the availability of products with advanced technology and modern features to those requiring them despite being a beneficial product for diabetic patients. As per reports, the total market for glucose self-monitoring devices is predicted to be worth approximately US$12 billion and rising rapidly at a compound annual growth rate (CAGR) of between 8−13 percent. Data also indicates that glucose self-monitoring devices are excessively costly for consumers and a key barrier to access. Furthermore, the yearly expense is determined by suppliers imposing high prices as well as high markups along the supply chain.


Blood Glucose Monitoring Market Segmentation

Our experts at KD Market Insights have segmented the global Blood glucose monitoring market research report as:

By Product type

  • Self-Monitoring Blood Glucose Devices
  • Glucose strips
  • Glucose meter
  • Lancets
  • Continuous Glucose Monitoring Devices

By Distribution channel

  • Retail
  • Specialty Stores
  • Drug Stores/Pharmacies
  • Online

By End-user

  • Hospital
  • Clinics
  • Diagnostic Centers
  • Home Healthcare
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East and Africa

Blood Glucose Monitoring Market Regional Synopsis

The North America Blood glucose monitoring market is majorly driven by the large patient pool, increasing awareness, availability of the latest products, presence of market-leading companies in the region, growing use of continuous glucose monitors, and high spending capacity. The United States holds the largest share in the region because of the rising prevalence of diabetes in the country. In the United States, almost 38.4 million people of all ages or 11.6% of the U.S. population had diabetes, as per a crude 2021 estimation report. Besides, poor diet, increasing obesity occurrences, and supportive government measures are expected to have a positive impact on the overall market growth.

The blood glucose monitoring (BGM) devices market of Asia Pacific is likely to rise at the fastest CAGR from 2024 to 2033. The region's significant population, particularly in countries like China and India, enriches the pool of potential patients. Additionally, improving healthcare infrastructure, a growing middle-class population with higher healthcare expenditures and technological advancements in blood glucose monitoring devices are developing a favourable setting for market expansion. China accounts for the largest share of the regional market in 2023 due to its huge population, alongside a rising incidence of diabetes. The blood glucose monitoring devices market in Japan is likely to expand over the forecast period due to the growing geriatric population and an extensive occurence of age-related diabetes, which is likely to boost the demand for BGM devices to keep track of glucose levels.

As per our analysts at KD Market Insights, the following five players lead the North America Blood glucose monitoring market growth :

  • Abbott Laboratories (US)
  • LifeScan (US)
  • Prodigy Diabetes Care (US)
  • ACON Laboratories (US)
  • Nova Biomedical (US)

Blood Glucose Monitoring Market Competitive Landscape

Some of the key players who top the global Blood glucose monitoring market share:

  • DiaMonTech AG (Germany)
  • Abbott (U.S.)
  • GlySens Incorporated (U.S.)
  • Novo Nordisk A/S (Denmark)
  • Nemaura (U.S.)
  • PHC Holdings Corporation (Japan)
  • TaiDoc Technology Corporation (Taiwan)
  • AgaMatrix (U.S.)
  • Dexcom, Inc. (U.S.).
  • ACON Laboratories, Inc.(U.S.).
  • Ascensia Diabetes Care Holdings AG (Switzerland)
  • Bayer AG (Germany)
  • F. Hoffmann-La Roche Ltd (Switzerland)
  • Insulet Corporation (U.S.)
  • Ypsomed AG (Switzerland)
  • GlySens Incorporated (U.S.)

  1. Executive Summary
    1. Market Overview
    2. Key Findings
    3. Market Trends
    4. Market Outlook
  2. Introduction
    1. Scope of the Report
    2. Research Methodology
    3. Definitions and Assumptions
    4. Acronyms and Abbreviations
  3. Market Dynamics
    1. Drivers
    2. Restraints
    3. Opportunities
    4. Challenges
  4. Global Blood Glucose Monitoring Market
    1. Market Overview
    2. Market Size and Forecast
    3. Market Segmentation
      1. By Product type
      2. By Distribution channel
      3. By End-user
      4. By Region
  5. Market Segmentation by Product type
      1. Self-Monitoring Blood Glucose Devices
      2. Glucose strips
      3. Glucose meter
      4. Lancets
      5. Continuous Glucose Monitoring Devices
  6. Market Segmentation by Distribution channel
      1. Retail
      2. Specialty Stores
      3. Drug Stores/Pharmacies
      4. Online
  7. Market Segmentation by End-user
      1. Hospital
      2. Clinics
      3. Diagnostic Centers
      4. Home Healthcare
      5. Others
  8. Regional Analysis
    1. North America
      1. United States
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      2. Canada
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      3. Mexico
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
    2. Europe
      1. United Kingdom
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      2. Germany
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      3. France
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      4. Italy
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      5. Spain
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      6. Rest of Europe
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
    3. Asia Pacific
      1. China
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      2. Japan
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      3. India
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      4. Australia
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
        4. South Korea
        5. Market Size and Forecast
        6. Key Trends and Developments
        7. Market Analysis by Product type, Distribution channel, and End-user
      5. Rest of Asia Pacific
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
    4. Latin America
      1. Brazil
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      2. Argentina
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      3. Colombia
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      4. Rest of Latin America
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
    5. Middle East & Africa
      1. South Africa
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      2. Saudi Arabia
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      3. UAE
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
      4. Rest of Middle East & Africa
        1. Market Size and Forecast
        2. Key Trends and Developments
        3. Market Analysis by Product type, Distribution channel, and End-user
  9. Competitive Landscape
    1. Market Share Analysis
    2. Company Profiles
    3. Medtronic (Ireland)
    4. IBM
    5. Apple Inc.
    6. Siemens Medical Solutions
    7. Pepperl+Fuchs
    8. Cisco
    9. GE Healthcare
  10. Strategic Recommendations
  11. Appendix
    1. List of Tables
    2. List of Figures
  12. References

Need Customized Report for Your Business ?

Utilize the Power of Customized Research Aligned with Your Business Goals

Request for Customized Report
Get 10% discount on any market research report of your choice.
Booklet
  • Publication date: 4th February 2025
  • Base year: 2023
  • Forecast year: 2024-2033
  • Format: PDF, PPT,Word,Excel

- ISO Certified Logo -


Frequently Asked Questions(FAQ)

The global Blood glucose monitoring market is expected to cross a value of USD 42.6 billion revenue by the end of 2033.

The global Blood glucose monitoring market was valued at USD 23.3 billion revenue in 2024.

Over the mid-term, the rising prevalence of diabetes is the primary factor anticipated to drive the global Blood glucose monitoring market.

The global Blood glucose monitoring market is segmented by product type, distribution channel, by end-user, and by geography.

The North America Blood glucose monitoring market is projected to dominate the global market in 2033.

Some of the key players in the Blood glucose monitoring market include Abbott (U.S.), GlySens Incorporated (U.S.), Novo Nordisk A/S (Denmark), Nemaura (U.S.), PHC Holdings Corporation (Japan), TaiDoc Technology Corporation (Taiwan), among others.

-: Our Clients :-

Subscribe to Our Company Updates

* We will not share your personal information with anyone
Go Up