The Glucose Monitoring Strip Devices Dominate the Glucose Monitoring Device Market with a Promising Growth Rate, Market Data Forecast Analysis
The glucose monitoring device market is immense growth and is projected to reach $2.3 billion by 2021 owing to increase in number of diabetes patients
(EMAILWIRE.COM, March 14, 2018 ) The report "Glucose Monitoring Device Market by Device Type (Continuous Wearable Devices (Sensors, Transmitters and Activators) and Self-Monitoring Devices (Blood Glucose Meters, Blood Glucose Strips, Lancets, and Haemoglobin A1C testing Kits)) by Application (Hospitals, Clinics and Diagnostic Centres, Home Setting and Ambulatory Settings), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The glucose monitoring device market is projected to reach $2.30 Billion by 2021, from the valuation of $6.24 Billion in 2016. Increasing awareness about diabetes across all over the world is the key driver behind the market growth.
By device type, the glucose monitoring strip segment projected to have the largest share of the market in 2021.
On the basis of device type, this market is segmented into Continuous wearable devices and Self-monitoring devices. The glucose monitoring strip devices also have the highest growth rate. These devices provide the convenience of performing the test domestically, which makes them sought after. It also allows the quantitative monitoring of glucose levels. Increasing exposure to risk factors causing diabetes and rising proportion of diabetic population promote the market growth in this segment.
By Application, hospitals to continue to be the top market share provider till 2021
Customized Report: https://www.marketdataforecast.com/market-reports/global-glucose-monitoring-device-market-619/customize-report
By Application they can be divided into hospitals, clinics and diagnostic centres, home setting and ambulatory settings. In 2016, hospitals accounted for the largest share of the global market under this segmentation. But, with the growing awareness about diabetes and subsequent preventive measures against it result in the Home setting segment growing with a steady rate. Increasing focus on advanced glucose monitoring devices also act as a promoter for the market growth.
North America dominates the Glucose Monitoring Device market in 2016
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The market is also geographically classified into North America, Europe, Asia-Pacific, Latin America and Middle-east & Africa. With the US possessing the largest consumer base in the world, North America is estimated to remain the largest market share provider till 2021. On the other hand, Asia pacific region has the highest growth rate. Emerging countries, such as China and India, the governmental reimbursement policies are increasing and they encompass the glucose monitoring devices under diabetes treatment.
North America accounted for the largest share of the Glucose Monitoring Device market in 2016, followed by Europe. The large share of the North American Glucose Monitoring Device market can be attributed to the high disposable income and preference for personalized medicine.
The various players in the Genomics market include F. Hoffmann-La Roche (Switzerland), Thermo Fisher Scientific (US), BGI (China), Illumina (US), QIAGEN (Netherlands), GE Healthcare (UK), Bio-Rad Laboratories (US), Eurofins Scientific (Germany), Agilent Technologies, (US), Oxford Nanopore Technologies (UK), Pacific Biosciences of California (US), and Eppendorf (Germany) among others.
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Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
By device type, the glucose monitoring strip segment projected to have the largest share of the market in 2021.
On the basis of device type, this market is segmented into Continuous wearable devices and Self-monitoring devices. The glucose monitoring strip devices also have the highest growth rate. These devices provide the convenience of performing the test domestically, which makes them sought after. It also allows the quantitative monitoring of glucose levels. Increasing exposure to risk factors causing diabetes and rising proportion of diabetic population promote the market growth in this segment.
By Application, hospitals to continue to be the top market share provider till 2021
Customized Report: https://www.marketdataforecast.com/market-reports/global-glucose-monitoring-device-market-619/customize-report
By Application they can be divided into hospitals, clinics and diagnostic centres, home setting and ambulatory settings. In 2016, hospitals accounted for the largest share of the global market under this segmentation. But, with the growing awareness about diabetes and subsequent preventive measures against it result in the Home setting segment growing with a steady rate. Increasing focus on advanced glucose monitoring devices also act as a promoter for the market growth.
North America dominates the Glucose Monitoring Device market in 2016
Inquire: https://www.marketdataforecast.com/market-reports/global-glucose-monitoring-device-market-619/request-sample
The market is also geographically classified into North America, Europe, Asia-Pacific, Latin America and Middle-east & Africa. With the US possessing the largest consumer base in the world, North America is estimated to remain the largest market share provider till 2021. On the other hand, Asia pacific region has the highest growth rate. Emerging countries, such as China and India, the governmental reimbursement policies are increasing and they encompass the glucose monitoring devices under diabetes treatment.
North America accounted for the largest share of the Glucose Monitoring Device market in 2016, followed by Europe. The large share of the North American Glucose Monitoring Device market can be attributed to the high disposable income and preference for personalized medicine.
The various players in the Genomics market include F. Hoffmann-La Roche (Switzerland), Thermo Fisher Scientific (US), BGI (China), Illumina (US), QIAGEN (Netherlands), GE Healthcare (UK), Bio-Rad Laboratories (US), Eurofins Scientific (Germany), Agilent Technologies, (US), Oxford Nanopore Technologies (UK), Pacific Biosciences of California (US), and Eppendorf (Germany) among others.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Lakeview Plaza, Kavuri Hills, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast
Abhishek shukla
Tel: 9985550206
Email us
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Market Data Forecast
Abhishek shukla
Tel: 9985550206
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results