Self-Monitoring Blood Glucose Devices Market 2019 Evolution boosting the growth Worldwide
Category: #health  By Partha Ray  Date: 2019-08-12
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Self-Monitoring Blood Glucose Devices Market 2019 Evolution boosting the growth Worldwide

Proven to be a critical component in the diabetes management process, the self-monitoring blood glucose devices market has registered an impressive growth rate owing to the prevalence of diabetes worldwide and the availability of diverse monitoring solutions. According to reliable data, about 8.8 percent of the global adult population in 2017 had diabetes, and this number is estimated to crawl up to 9.9 percent by 2045. Considering the total number of diabetic patients this percentage amounts to, the self-monitoring blood glucose devices industry could cater to virtually millions of consumers over the coming years. Unrestricted fast-food consumption among the millennials supplemented by the rising disposable income could accelerate the prevailing issue of obesity, which greatly indicates the onset of diabetes. The global self-monitoring blood glucose devices market, amassing a remuneration of over USD 14.3 billion in 2017, will be further boosted by the rising geriatric population that commonly experiences difficulty in controlling sugar levels.

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Although clinic tests offer a comprehensive understanding of blood glucose levels and make effective comparison with past data, these tests are only done a few times in a year by diabetic patients, whereas glucose levels actually fluctuate throughout the day. Awareness pertaining to the usefulness of data provided by daily blood tests and the motivating output given by them has expanded the self-monitoring blood glucose devices market penetration in the home care segment. Key factors that induce a sense of comfort for diabetic patients while using these devices include ease of handling, clear and bigger displays, accurate figures and ability to double check for ensuring correct measurement. Adherence to internationally recognized standards has also encouraged the acceptance of self-monitoring devices as part of everyday life. With greater access to advanced portable devices that meet the expectations of diabetic patients and the need for maintaining a healthy personal and work lifestyle, the self-monitoring blood glucose devices market from use in home settings will register a CAGR of 5.7% from 2018 to 2024.

Browse Report Summary @ https://www.gminsights.com/industry-analysis/self-monitoring-blood-glucose-devices-market

With over 800,000 people in more than 43 countries using Abbot’s FreeStyle Libre, it is an example of the growing popularity of continuous glucose monitors, giving enormous propulsion to the self-monitoring blood glucose devices market. Along with Abbott Laboratories, Bayer Healthcare, All Medicus, Dexcom, Arkray, Bionime Corporation, F. Hoffmann-La Roche, LifeScan, Medtronic, Nova Biomedical and Trividia Health are some of the major industry participants providing advanced glucose self-monitoring devices.

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Electronic Health Records Market: https://www.marketwatch.com/press-release/electronic-health-records-market-2019-analysis-by-product-technology-form-application-and-regional-outlook-2025-2019-08-12

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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