Latin America Glucose Monitoring Devices Market expected to reach 338 million USD 2018-23
Latin America 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)
(EMAILWIRE.COM, October 16, 2018 ) According to the report Latin America Glucose Monitoring Devices Market, published by Market Data Forecast, the Latin America market is projected to reach USD 337.69 million by 2021, at a CAGR of 6.96% from 2018 to 2023.
Blood glucose monitoring devices are used to monitor the blood glucose in patients suffering from diabetes or other glucose-related diseases like glucose intolerance. Medical devices are playing an increasingly significant role in diabetes. Products such as blood glucose monitors and insulin pumps have now become essential in the management of diabetic patients. WHO estimates the prevalence of diabetes among adults over 18 years of age to have risen from 8.45% in 2014 to 9.66% by 2016. It also projects high blood glucose level and diabetes to be the 7th leading cause of death by 2030.
The recent rapid increase in diabetes has shown a steady growth in the overall blood glucose monitoring market. Moreover, diabetic patients are at a potential risk of having long-term and fatal diseases or disorders such as cardiovascular diseases, retinal detachment leading to blindness, kidney failure and other retinal ailments, stroke, and many such life-threatening conditions. This has led to the spread of awareness about continuous monitoring of blood glucose level.
Get a comprehensive overview of the Latin America Glucose Monitoring Devices Market: http://www.marketdataforecast.com/market-reports/latin-america-glucose-monitoring-device-market-623/
Latin America Glucose Monitoring Devices Market: Drivers & Restraints
Latin America Glucose Monitoring Devices market has witnessed major growth in recent years. The drivers for the market include a rise in the number of diabetic patients due to the sedentary lifestyle, rising obese population and rapid industrialization and urbanization in the region. The per capita health care expenditure is also on the rise along with the growth in disposable income. This has resulted in increased healthcare spending which further drives the market. The market would be on never ending tumble to the top if it were not hampered by the excessive costs of diabetes care devices and other problems such as disparity in reimbursement, ease of availability of alternate treatments and a general lack of awareness about the industry and the multitude of benefits it provides.
Get accurate market forecast and analysis on the Latin America Glucose Monitoring Devices Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/latin-america-glucose-monitoring-device-market-623/request-sample
Latin America Glucose Monitoring Devices Market: Segmentation
By Device Type
Continuous Wearable Devices
Sensors
Transmitters and Activators
Self-Monitoring Devices
Blood Glucose Meters
Blood Glucose Strips
Lancets
Haemoglobin A1C testing kits
By Application
Hospitals
Clinics and Diagnostic Centres
Home setting
Ambulatory setting
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/latin-america-glucose-monitoring-device-market-623/customize-report
Latin America Glucose Monitoring Devices Market: Overview
The rise in the diabetic population, the growing expenditure on healthcare, evolving concentration on research and development and integration of technology are the major factors for the growth of the Glucose Monitoring Devices market. The continuous glucose monitoring market is the fastest growing segment in Latin America. 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 must test and it monitors the level at that particular time and not before that
Latin America Glucose Monitoring Devices Market: Region-wise Outlook
Latin American Glucose Monitoring Devices Market is segmented into Argentina, Brazil, Mexico and rest of Latin America. Brazil is the top marketplace for Latin America Glucose Monitoring Devices. Mexico is expected to show the fastest growth rate among the nations in the forecast period, with Brazil following closely behind. The increasing population in the region has led to a rise in the number of consumers seeking treatment. This is one of the driving factors for the market development in the region.
Key Questions Answered
What is the current and future Glucose Monitoring Devices market outlook in Latin America? What trends are affecting the Latin American market?
What is the competitive landscape and market share of major players in the Glucose Monitoring Devices market space in Latin America?
What are the key, high growth markets that Glucose Monitoring Devices manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Glucose Monitoring Devices currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Glucose Monitoring Devices?
What are the challenges and barriers that have hindered widespread adoption of Glucose Monitoring Devices?
Latin America Glucose Monitoring Devices Market: Key Players
Glucose Monitoring Devices with several brand names are being manufactured in various parts of the world. The major competitors dominating the market for their 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 Teruma Europe NV.
Reasons to buy Latin America Glucose Monitoring Devices Market Report:
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
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit Market Data Forecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Blood glucose monitoring devices are used to monitor the blood glucose in patients suffering from diabetes or other glucose-related diseases like glucose intolerance. Medical devices are playing an increasingly significant role in diabetes. Products such as blood glucose monitors and insulin pumps have now become essential in the management of diabetic patients. WHO estimates the prevalence of diabetes among adults over 18 years of age to have risen from 8.45% in 2014 to 9.66% by 2016. It also projects high blood glucose level and diabetes to be the 7th leading cause of death by 2030.
The recent rapid increase in diabetes has shown a steady growth in the overall blood glucose monitoring market. Moreover, diabetic patients are at a potential risk of having long-term and fatal diseases or disorders such as cardiovascular diseases, retinal detachment leading to blindness, kidney failure and other retinal ailments, stroke, and many such life-threatening conditions. This has led to the spread of awareness about continuous monitoring of blood glucose level.
Get a comprehensive overview of the Latin America Glucose Monitoring Devices Market: http://www.marketdataforecast.com/market-reports/latin-america-glucose-monitoring-device-market-623/
Latin America Glucose Monitoring Devices Market: Drivers & Restraints
Latin America Glucose Monitoring Devices market has witnessed major growth in recent years. The drivers for the market include a rise in the number of diabetic patients due to the sedentary lifestyle, rising obese population and rapid industrialization and urbanization in the region. The per capita health care expenditure is also on the rise along with the growth in disposable income. This has resulted in increased healthcare spending which further drives the market. The market would be on never ending tumble to the top if it were not hampered by the excessive costs of diabetes care devices and other problems such as disparity in reimbursement, ease of availability of alternate treatments and a general lack of awareness about the industry and the multitude of benefits it provides.
Get accurate market forecast and analysis on the Latin America Glucose Monitoring Devices Market. Request a sample to stay up-to-date on the main trends affecting this market: http://www.marketdataforecast.com/market-reports/latin-america-glucose-monitoring-device-market-623/request-sample
Latin America Glucose Monitoring Devices Market: Segmentation
By Device Type
Continuous Wearable Devices
Sensors
Transmitters and Activators
Self-Monitoring Devices
Blood Glucose Meters
Blood Glucose Strips
Lancets
Haemoglobin A1C testing kits
By Application
Hospitals
Clinics and Diagnostic Centres
Home setting
Ambulatory setting
From simple data collation through secondary and primary research to ad-hoc research requests relating to specific information, we provide our services via customization. Get customization at http://www.marketdataforecast.com/market-reports/latin-america-glucose-monitoring-device-market-623/customize-report
Latin America Glucose Monitoring Devices Market: Overview
The rise in the diabetic population, the growing expenditure on healthcare, evolving concentration on research and development and integration of technology are the major factors for the growth of the Glucose Monitoring Devices market. The continuous glucose monitoring market is the fastest growing segment in Latin America. 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 must test and it monitors the level at that particular time and not before that
Latin America Glucose Monitoring Devices Market: Region-wise Outlook
Latin American Glucose Monitoring Devices Market is segmented into Argentina, Brazil, Mexico and rest of Latin America. Brazil is the top marketplace for Latin America Glucose Monitoring Devices. Mexico is expected to show the fastest growth rate among the nations in the forecast period, with Brazil following closely behind. The increasing population in the region has led to a rise in the number of consumers seeking treatment. This is one of the driving factors for the market development in the region.
Key Questions Answered
What is the current and future Glucose Monitoring Devices market outlook in Latin America? What trends are affecting the Latin American market?
What is the competitive landscape and market share of major players in the Glucose Monitoring Devices market space in Latin America?
What are the key, high growth markets that Glucose Monitoring Devices manufacturers should expand into? Which market segments are growing the fastest?
What are the unmet needs with the Glucose Monitoring Devices currently on the market? How will emerging technologies fulfil these unmet needs?
What is physician perception and market outlook of Glucose Monitoring Devices?
What are the challenges and barriers that have hindered widespread adoption of Glucose Monitoring Devices?
Latin America Glucose Monitoring Devices Market: Key Players
Glucose Monitoring Devices with several brand names are being manufactured in various parts of the world. The major competitors dominating the market for their 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 Teruma Europe NV.
Reasons to buy Latin America Glucose Monitoring Devices Market Report:
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
About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com.
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit Market Data Forecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results