The global market of self-monitoring blood glucose devices was valued at $11,171.1 million in 2014, and it is expected to grow with a CAGR of 5.7% during 2015 – 2022. The global market is growing, due to increasing geriatric population and increasing prevalence of diabetes. In addition, the increase in obese population and increasing awareness about diabetes care is also contributing to the growth of the market. Furthermore, technological advancements in self-monitoring blood glucose devices and growing health insurance and reimbursements policies worldwide are also encouraging the growth of the self-monitoring blood glucose devices market.
Based on type, the strips segment had the largest market in the global SMBG devices market in 2014; and it is expected to witness the fastest growth with 5.7% CAGR during 2015 – 2022.
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The information and data in the publication “Global Self-Monitoring Blood Glucose Devices Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Strips, Glucose Meters, Lancets and others)” represent the research and analysis of data from various primary and secondary sources. The bottom-up approach has been used to calculate the global market size by type. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
The Changes in lifestyle, with increased consumption of alcohol, tobacco, odd sleeping hours, and consumption of junk food leads to diabetes. The growing prevalence of diabetes, along with the increasing awareness due to health education further supports the growth of the global self-monitoring blood glucose devices market.
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This research offers actual historical market size (2011 – 2014) and forecast (2015 – 2022) of the global self-monitoring blood glucose devices marketin the U.S. dollars.
GLOBAL SELF-MONITORING BLOOD GLUCOSE (SMBG) DEVICES MARKET
- By Type – Strips, Glucose Meters, Lancets, and others.
- By Region – North America, Europe, Asia, and Rest of the World
GLOBAL SELF-MONITORING BLOOD GLUCOSE (SMBG) DEVICES MARKET, BY TYPE
- Strips Market Breakdown By Region
- Glucose Meter Market Breakdown By Region
- Lancet Market Breakdown By Region
- Others Market Breakdown By Region
GLOBAL SELF-MONITORING BLOOD GLUCOSE (SMBG) DEVICES MARKET, BY GEOGRAPHY
- North America Self-Monitoring Blood Glucose (SMBG) DevicesMarketBreakdown by country – The U.S., Canada and Rest of North America
- Europe Self-Monitoring Blood Glucose (SMBG) DevicesMarketBreakdown By Country – Germany, France, Italy, Spain, The U.K., Russia, Rest of Europe
- Asia Self-Monitoring Blood Glucose (SMBG) DevicesMarketBreakdown By Country – China, Japan, India, and Rest of Asia
- Rest of the World (RoW) – Brazil, Australia and Others
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