Global Blood Glucose Meter Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 10/11/2022
- NO OF PAGES
- 225
- CATEGORY
- Healthcare & Life Sciences
In 2021, the market for Blood Glucose Meter worldwide was worth $13.7 billion US dollars. AMR Group projects that the market will reach US$ 25.18 billion by 2031, growing at a CAGR of 8.6 percent between 2022 and 2031.
Industry Overview
A blood glucose meter is a medical device that measures the level of glucose in a person's blood. It is an essential tool for people with diabetes who need to monitor their blood sugar levels regularly. Blood glucose meters usually consist of a handheld device, a lancet or other device for drawing blood, and test strips that are coated with chemicals that react with glucose. The user pricks their finger to draw a small amount of blood, applies it to the test strip, and inserts the strip into the meter. The meter then displays the blood glucose level on a screen. Blood glucose meters are available in various sizes and designs, and some are equipped with additional features such as memory to store test results, alarms to remind the user to test their blood sugar, and the ability to transfer data to a computer or smartphone app.
Market Dynamics
The global blood glucose meter market is driven by various factors such as the rising prevalence of diabetes, increasing geriatric population, growing awareness about self-monitoring of blood glucose levels, and technological advancements in blood glucose monitoring devices. The increasing incidence of diabetes, especially type 2 diabetes, is one of the primary factors driving the growth of the blood glucose meter market. According to the International Diabetes Federation (IDF), the global prevalence of diabetes was 9.3% in 2019, and it is estimated to increase to 10.2% by 2030. The rising geriatric population is also contributing to the growth of the market as the elderly are more prone to diabetes and require regular blood glucose monitoring. Moreover, increasing awareness about the importance of self-monitoring of blood glucose levels among diabetic patients is driving the demand for blood glucose meters. Blood glucose meters enable diabetic patients to track their blood glucose levels and make appropriate lifestyle changes, thereby helping them manage their condition more effectively. Additionally, technological advancements in blood glucose monitoring devices, such as the development of continuous glucose monitoring (CGM) systems, is further driving the growth of the market. CGM systems offer real-time blood glucose level readings and can help patients manage their diabetes more effectively. However, the high cost of blood glucose meters and the lack of reimbursement policies in developing countries may hinder the growth of the market to some exten.
COVID Impact
The COVID-19 pandemic has had a mixed impact on the blood glucose meter market. On one hand, the increased focus on healthcare and personal health during the pandemic has led to an increased demand for blood glucose meters. This is because people with diabetes are at a higher risk for severe illness from COVID-19 and need to monitor their blood sugar levels regularly. Additionally, the pandemic has led to a rise in at-home healthcare, which has further boosted the demand for blood glucose meters. On the other hand, the pandemic has disrupted supply chains and manufacturing, leading to product shortages and delays in product launches. This has negatively impacted the market growth. Moreover, the economic impact of the pandemic has led to decreased purchasing power, which may have also affected the sales of blood glucose meters. Overall, while the COVID-19 pandemic has led to increased demand for blood glucose meters, it has also created challenges for the market due to supply chain disruptions and economic uncertainty.
Regional Trend
The global market for blood glucose meters is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the dominant market for blood glucose meters, accounting for the largest revenue share due to the high prevalence of diabetes, increasing awareness among the population, and the presence of major manufacturers in the region. Europe is the second-largest market for blood glucose meters, driven by the rising aging population, increasing healthcare expenditure, and growing awareness about diabetes management.
The Asia Pacific is expected to be the fastest-growing market for blood glucose meters due to the increasing prevalence of diabetes, rising awareness about diabetes management, and the growing adoption of self-monitoring devices in the region. Latin America and the Middle East & Africa are also expected to witness significant growth due to the rising prevalence of diabetes and the increasing adoption of blood glucose monitoring devices in the region.
Competitive Landscape
The global blood glucose meter market is highly competitive and fragmented, with a large number of companies operating in the market. Some of the key players in the market include Roche Holding AG, Johnson & Johnson, Abbott Laboratories, Ascensia Diabetes Care Holdings AG, Dexcom, Becton, Dickinson and Company, Sanofi, Medtronic plc, and Ypsomed Holding AG. These companies are focusing on expanding their product portfolios, developing innovative products, and improving their distribution networks to gain a competitive edge in the market. In addition, many of these players are also focusing on strategic partnerships and collaborations to expand their market reach and gain a larger share of the market. The market is also witnessing a trend of increasing mergers and acquisitions, with major players acquiring smaller companies to expand their product portfolios and increase their market share. For instance, in 2018, Roche acquired the diabetes management platform mySugr to strengthen its digital offerings in the diabetes space. Similarly, in 2019, Ascensia Diabetes Care Holdings AG acquired Dexcom’s diabetes management system to expand its product portfolio in the glucose monitoring space.
Market Segmentation
The global blood glucose meter market can be segmented based on product type, technology, distribution channel, and region.
Based on product type, the market can be segmented into:
Continuous Glucose Monitoring Systems (CGM)
Self-Monitoring Blood Glucose Systems (SMBG)
Based on technology, the market can be segmented into:
Photoacoustic Spectroscopy
Near-infrared Spectroscopy
Enzymatic
Optical
Others
Based on the distribution channel, the market can be segmented into:
Hospitals
Clinics
Retail Pharmacies
Online Pharmacies
Global Blood Glucose Meter Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.
Frequently Asked Questions
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• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Historic Year: 2016-2022
Forecast: 2024-2035
1 Blood Glucose Meter Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Blood Glucose Meter
1.3 Blood Glucose Meter Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Blood Glucose Meter Revenue and Growth Rate from 2016-2030
1.4 Market Segmentation
1.4.1 Types of Blood Glucose Meter
1.4.2 Applications of Blood Glucose Meter
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Blood Glucose Meter Industry Trends
1.5.2 Blood Glucose Meter Drivers
1.5.3 Blood Glucose Meter Market Challenges
1.5.4 Blood Glucose Meter Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Blood Glucose Meter Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Blood Glucose Meter Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Blood Glucose Meter Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Blood Glucose Meter
2.2.1 Major Players Manufacturing Base of Blood Glucose Meter in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Blood Glucose Meter Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Blood Glucose Meter
2.3.3 Labor Cost of Blood Glucose Meter
2.4 Market Channel Analysis of Blood Glucose Meter
2.5 Major Down Stream Customers by Application
3 Global Blood Glucose Meter Market, by Type
3.1 Global Blood Glucose Meter Revenue and Market Share by Type (2016-2021)
3.2 Global Blood Glucose Meter Production and Market Share by Type (2016-2021)
3.3 Global Blood Glucose Meter Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Blood Glucose Meter Revenue and Growth Rate of Photoelectric Blood Glucose Meter
3.4 Global Blood Glucose Meter Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Blood Glucose Meter Market, by Application
4.1 Downstream Market Overview
4.2 Global Blood Glucose Meter Consumption and Market Share by Application (2016-2021)
4.3 Global Blood Glucose Meter Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Blood Glucose Meter Consumption and Growth Rate of Hospital (2016-2021)
4.3.2 Global Blood Glucose Meter Consumption and Growth Rate of Family (2016-2021)
5 Global Blood Glucose Meter Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Blood Glucose Meter Revenue and Market Share by Region (2016-2021)
5.2 Global Blood Glucose Meter Consumption and Market Share by Region (2016-2021)
5.3 Global Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Blood Glucose Meter Market Under COVID-19
5.4.2 North America Blood Glucose Meter SWOT Analysis
5.5 Europe Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Blood Glucose Meter Market Under COVID-19
5.5.2 Europe Blood Glucose Meter SWOT Analysis
5.6 China Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Blood Glucose Meter Market Under COVID-19
5.6.2 China Blood Glucose Meter SWOT Analysis
5.7 Japan Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Blood Glucose Meter Market Under COVID-19
5.7.2 Japan Blood Glucose Meter SWOT Analysis
5.8 Middle East and Africa Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Blood Glucose Meter Market Under COVID-19
5.8.2 Middle East and Africa Blood Glucose Meter SWOT Analysis
5.9 India Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Blood Glucose Meter Market Under COVID-19
5.9.2 India Blood Glucose Meter SWOT Analysis
5.10 South America Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Blood Glucose Meter Market Under COVID-19
5.10.2 South America Blood Glucose Meter SWOT Analysis
5.11 South Korea Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Blood Glucose Meter Market Under COVID-19
5.11.2 South Korea Blood Glucose Meter SWOT Analysis
5.12 Southeast Asia Blood Glucose Meter Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Blood Glucose Meter Market Under COVID-19
5.12.2 Southeast Asia Blood Glucose Meter SWOT Analysis
6 Global Blood Glucose Meter Production by Top Regions (2016-2021)
6.1 Global Blood Glucose Meter Production by Top Regions (2016-2021)
6.2 North America Blood Glucose Meter Production and Growth Rate
6.3 Europe Blood Glucose Meter Production and Growth Rate
6.4 China Blood Glucose Meter Production and Growth Rate
6.5 Japan Blood Glucose Meter Production and Growth Rate
6.6 India Blood Glucose Meter Production and Growth Rate
7 Global Blood Glucose Meter Consumption by Regions (2016-2021)
7.1 Global Blood Glucose Meter Consumption by Regions (2016-2021)
7.2 North America Blood Glucose Meter Consumption and Growth Rate
7.3 Europe Blood Glucose Meter Consumption and Growth Rate
7.4 China Blood Glucose Meter Consumption and Growth Rate
7.5 Japan Blood Glucose Meter Consumption and Growth Rate
7.6 Middle East & Africa Blood Glucose Meter Consumption and Growth Rate
7.7 India Blood Glucose Meter Consumption and Growth Rate
7.8 South America Blood Glucose Meter Consumption and Growth Rate
7.9 South Korea Blood Glucose Meter Consumption and Growth Rate
7.10 Southeast Asia Blood Glucose Meter Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 Haier Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Blood Glucose Meter Product Profiles, Application and Specification
8.2.3 Haier Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Omron Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Blood Glucose Meter Product Profiles, Application and Specification
8.3.3 Omron Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Philips Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Blood Glucose Meter Product Profiles, Application and Specification
8.4.3 Philips Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Yuwell Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Blood Glucose Meter Product Profiles, Application and Specification
8.5.3 Yuwell Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 FOLEE Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Blood Glucose Meter Product Profiles, Application and Specification
8.6.3 FOLEE Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Johnson & Johnson Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Blood Glucose Meter Product Profiles, Application and Specification
8.7.3 Johnson & Johnson Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Andon Health Company Limited Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Blood Glucose Meter Product Profiles, Application and Specification
8.8.3 Andon Health Company Limited Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Panasonic Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Blood Glucose Meter Product Profiles, Application and Specification
8.9.3 Panasonic Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 SANNUO Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Blood Glucose Meter Product Profiles, Application and Specification
8.10.3 SANNUO Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Guangzhou Kang Mai Medical Equipment Co., Ltd. Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Blood Glucose Meter Product Profiles, Application and Specification
8.11.3 Guangzhou Kang Mai Medical Equipment Co., Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Blood Glucose Meter Market Analysis and Forecast by Type and Application
9.1 Global Blood Glucose Meter Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Photoelectric Blood Glucose Meter Market Revenue and Volume Forecast (2021-2026)
9.2 Global Blood Glucose Meter Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Hospital Market Revenue and Volume Forecast (2021-2026)
9.2.2 Family Market Revenue and Volume Forecast (2021-2026)
10 Blood Glucose Meter Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Blood Glucose Meter Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
 
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