Global Blood Glucose Monitoring Systems Market Analysis 2024 – Estimated Market Size And Key Drivers

The Blood Glucose Monitoring Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Blood Glucose Monitoring Systems Global Market Report 2024, The blood glucose monitoring systems market size is expected to see strong growth in the next few years. It will grow to $22.28 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.  The growth in the forecast period can be attributed to tailored treatment plans using glucose data, increasing prevalence of diabetes, rising geriatric population, increasing adoption in developing regions, enhanced connectivity, and data management. Major trends in the forecast period include integration with wearable and smart devices, advancements in sensor technology, personalized medicine, telehealth, and remote monitoring, and enhanced connectivity and data management.

The rising prevalence of the diabetic population is expected to propel the growth of the blood glucose monitoring systems market going forward. The prevalence of the diabetic population is rising due to factors such as sedentary lifestyles, unhealthy diets, aging populations, and genetic predisposition. Blood glucose monitoring systems are used for monitoring and managing blood sugar levels, aiding disease control, and preventing complications. For instance, in July 2021, according to the International Diabetes Federation, a Belgium-based national diabetes association, the total number of people living with diabetes is expected to increase to 643 million by 2030 and 783 million by 2045. Three out of four adults with diabetes reside in low- and middle-income countries. Therefore, the rising prevalence of the diabetic population will drive the blood glucose monitoring systems market.

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The blood glucose monitoring systems market covered in this report is segmented –
1) By Type: Non-Invasive, Invasive
2) By Device Type: Continuous Glucose Monitoring Systems, Self-Monitoring Blood Glucose Systems
3) By Testing Site: Fingertip Testing, Alternate Site Testing
4) By Distribution Channel: Institutional Sales, Retail Sales
5) By Application: Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes

Major companies operating in the glucose monitoring systems market are focused on developing innovative glucose monitoring systems such as advanced hybrid closed-loop systems and smartphone apps for real-time data access and management. Advanced hybrid closed-loop systems refer to glucose monitoring systems that automate insulin delivery based on real-time glucose levels, improving blood sugar control in individuals with diabetes. For instance, in February 2024, DexCom Inc., a US-based continuous glucose monitoring systems manufacturing company, launched Dexcom ONE+ in several European countries. Dexcom ONE+ incorporates the company's best-in-class sensor technology and features designed to provide an easy-to-use, highly effective continuous glucose monitoring (CGM) experience for people with type 1 or type 2 diabetes who use insulin. The system consists of a water-resistant sensor, a transmitter that sends CGM readings, and a Dexcom One smartphone-compatible app. Dexcom ONE+ allows for real-time monitoring of blood glucose by both the user and up to ten additional people, enabling shared monitoring. 

The blood glucose monitoring systems market report table of contents includes:
1. Executive Summary
2. Blood Glucose Monitoring Systems Market Characteristics
3. Blood Glucose Monitoring Systems Market Trends And Strategies
4. Blood Glucose Monitoring Systems Market - Macro Economic Scenario
5. Global Blood Glucose Monitoring Systems Market Size and Growth
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32. Global Blood Glucose Monitoring Systems Market Competitive Benchmarking
33. Global Blood Glucose Monitoring Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Blood Glucose Monitoring Systems Market
35. Blood Glucose Monitoring Systems Market Future Outlook and Potential Analysis
36. Appendix