(EMAILWIRE.COM, August 02, 2018 ) According to the report “glucose monitoring device market is very fast growing market and expected to reach $2.63 billion by 2023 from1.94 billion in 2018 at a CAGR of 6.24% from 2018-2023.

Glucose monitoring devices are used to detect the level of sugar in our blood and are of several kinds which includes glucose meter, testing strips and lancets. The device offers the facility of self-testing by using the single glucose meter and different strips. The usage of these devices consumes less time, as compared to the glucose testing by customary methods in laboratories. Without diabetes, your body tracks glucose levels all day and night to ensure the right amount of insulin is released at the right time. To successfully manage diabetes, a monitoring system is needed to consistently check your glucose levels.

These devices can be handled easily are potable so convenient to carry, these devices allow the test to be performed by the patient as per their convenience at their home, which makes them popular. It offers the services of monitoring glucose level in our blood as it tests quantitatively. The glucose monitoring strip devices dominate the market with xx% share and also has the highest growth rate.

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Global Glucose Monitoring Device Market: Drivers & Restraints
The increase in number of diabetes patients is one of the key drivers, supporting the growth of the global SMBG devices market. The increasing prevalence of diabetes cases are due to unhealthy lifestyle, poor diet, excess alcohol consumption, and lack of physical activity. Also the healthcare expenditure is increasing which leads to increase in spending on self-monitoring blood glucose devices. However, this market faces certain loss due to some manufacturing defect or error in results. In addition, the accessibility of Continuous Glucose Monitors (CGM) also hinders the growth of the market.

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Global Glucose Monitoring Device Market: Segmentation
By Device Type
• Continuous Wearable Devices
• Self-Monitoring Devices
By Application
• Hospitals
• Clinics and Diagnostic Centers
• Home Setting
• Ambulatory Settings

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Global Glucose Monitoring Device Market: Overview
The glucose monitoring device market is very fast growing market and rise in the number of cases of diabetes being recorded worldwide. It also projects high blood glucose level and diabetes to be the 7th leading cause of death in 2030.

The continuous glucose monitoring results help patients regulate their food intake, exercise, and medications. The device contains sensors for checking glucose level from the interstitial fluid. The sensor has a time span where it can be used at one place and then needs to be replaced. This device monitors the glucose levels over time, allowing the patients to identify low and high sugar levels which are more dangerous. Whereas for the self-monitoring devices people have to test and it monitors the level at that particular time and not before that.

Global Glucose Monitoring Device Market: Region-wise Outlook
The market has also been geologically divided into North America, Europe, Asia-Pacific, Latin America and Middle-east & Africa. US occupies the largest consumer base in the world and Asia pacific has become the fastest growing market in 2014. In many evolving markets, such as China & India, the governmental funding for health care & health insurance is improving and becoming more prevalent.

Key Questions Answered
• What will be the market growth till 2021 and what will be the resultant market forecast in the year?
• What was the market size from 2016 to 2021 ?
• What is the current and future Glucose Monitoring Device Market outlook in worldwide?
• What trends are affecting the Global market?
• What is the competitive landscape and market share of major players in the Glucose Monitoring Device space in global?
• What are the key, high growth markets that Glucose Monitoring Device manufacturers should expand into? Which market segments are growing the fastest?
• What are the unmet needs with the Glucose Monitoring Device currently on the market? How will emerging technologies fulfil these unmet needs?
• What is physician perception and market outlook of Glucose Monitoring Device?
• What are the challenges and barriers that have hindered widespread adoption of Glucose Monitoring Device?

Global Glucose Monitoring Device Market: Key Players
The major companies dominating this market for its products, services, and continuous product developments are Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc, AgaMatrix Inc, Arkray Inc, Medtronic, DexCom Inc, Nova Biomedical Corporation and Terumo Europe NV.

Reasons to buy Global Glucose Monitoring Device Market Report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering
• Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and Analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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