The Global Blood Glucose Monitoring Market Growth Accelerated By Wireless Connectivity
Blood glucose monitoring devices help monitor blood glucose levels in diabetic patients. These devices are increasingly becoming wireless and allow for data transfer to smartphones and other devices using applications for remote monitoring.
The global blood glucose monitoring market is estimated to be valued at US$ 22101.13 Mn in 2024 and is expected to exhibit a CAGR of 0.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Traditional blood glucose meters required manual entry of readings, but modern wireless blood glucose monitors automate data transfer to smartphones, cloud services or other devices using Bluetooth or wireless technologies. This allows patients as well as physicians and caregivers to access historic blood glucose level trends and stay on top of any abnormal fluctuations. The remote monitoring capabilities offered through wireless connectivity help improve diabetes management and patient outcomes. Manufacturers are increasingly focusing on the development of slim, precise and wireless blood glucose monitoring devices with simple user interfaces and mobile applications for remote patient monitoring and management.
Segment Analysis
The global blood glucose monitoring market is segmented by testing site into invasive testing/finger pricking methods and non-invasive testing methods. The invasive testing/finger pricking methods segment dominates the market due to high level of accuracy and easy availability of diagnostic tools. This segment is expected to further witness growth due to continued technological advancements and growing preference for self-monitoring of blood glucose levels.
Key Takeaways
The Global Blood Glucose Monitoring Market Size is expected to witness high growth during the forecast period of 2023 to 2030. The global blood glucose monitoring market is estimated to be valued at US$ 22101.13 Mn in 2023 and is expected to exhibit a CAGR of 0.8% over the forecast period 2023 to 2030.
Regional analysis shows that North America dominates the market currently due to growing geriatric population, rising incidence of chronic diseases and presence of key players in the region. Asia Pacific is expected to witness the fastest growth due to expanding healthcare industry, growing medical tourism and increasing government initiatives to spread awareness about diabetes management.
Key players operating in the blood glucose monitoring market include Air Techniques, Inc., Maguire Refining, Inc., Solmetex, Durr Dental, Medentex GmbH, MARS Bio-Med Processes Inc., Dove Dental Products, METASYS, Crosstex International, Inc., Capsule Technologies Inc., A B Dental Trends, Inc., American Dental Accessories, Inc., and Rebec Environmental. These players are focusing on new product launches and partnerships to strengthen their market presence. For instance, in 2023 Air Techniques, Inc. partnered with Medtronic to integrate their blood glucose monitoring devices.
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https://www.marketwebjournal.com/blood-glucose-monitoring-market-trends-size-and-share-analysis/
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