Is Self-Monitoring Blood Glucose Devices Market Trapped Between Growth Expectations and Uncertainty?

Is Self-Monitoring Blood Glucose Devices Market Trapped Between Growth Expectations and Uncertainty?

“Self-Monitoring Blood Glucose Devices Market”
A new research document is added in HTF MI database of 70 pages, titled as ‘Asia-Pacific Self-Monitoring Blood Glucose Devices Market (2019-2024) Share, Scope, Revenue, Growth Forecast, Trends, Drivers, Challenges, Segmentation based on Product Type (Testing Strips,Glucometers, Others) End-User Type (Hospitals, Diagnostic Center and Clinics, Home Settings) and with detailed analysis, Competitive landscape, forecast and strategies.

The study covers geographic analysis that includes Countries like India, China, Australia and New Zealand, Rest of Asia-Pacific and important players/vendors such as Wockhardt, Roche Holding, Abbott Laboratories, i-SENS, Terumo Medical etc.The report will help you gain market insights, future trends and growth prospects for forecast period of 2019-2025.

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The Asia-Pacific self-monitoring blood glucose devices market is expected to expand at a CAGR of 6.34% during the 2019-2024 period, owing to technological breakthroughs, rising obesity, and the increasing prevalence of diabetes.

Product Segment Insights:
The testing strips segment is expected to hold the highest market share (81.64%) in 2019. Owing to the development of innovative testing strips, and a massive increase in the incidence of diabetes, this segment is expected to witness a high CAGR of 6.94% during the forecast period. The glucometers segment is expected to remain steady while generating 12% of the revenue in the Asia-Pacific market in 2019. Factors like the advantages of glucometers over regular monitoring methodologies and the production of a wide range of devices will drive this segment. However, variations in results due to external and physiological factors will lead to a comparatively low CAGR (4.95%) during the 2019-2024 period.

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End User Segment Insights:
The shift of medical services to decentralized surroundings like patients’ homes and the development of portable and user-friendly blood glucose monitoring devices will enable the home settings segment to expand at a CAGR of 6.82% during the 2019-2024 period. The hospitals sector will generate almost 7% of the total market revenue by 2019, and is anticipated to expand at a CAGR of 4.78% during the forecast period.

Country-wise Insights:
China and India account for half of the total diabetic population in the Asia-Pacific region. Advanced medical facilities, awareness programs, and cost-effective treatments to tackle diabetes will transform this region into the fastest-growing SMBG devices market in the world. China is expected to expand at a CAGR of 6.62% during the forecast period, while healthcare initiatives and government programs in India will enable the market in the country to expand at a CAGR of 6.46%.

Companies covered:
• Wockhardt
• Roche Holding
• Abbott Laboratories
• i-SENS
• Terumo Medical

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Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary

Chapter 2: Asia-Pacific self-monitoring blood glucose devices market – overview
2.1. Market definitions
2.2. Market overview
– Historical market revenue (USD Bn)
– Forecasted market revenue (USD Bn)
– Country-wise market revenue (USD Bn)
2.3. Market trends
2.4. Market drivers
2.5. Market challenges
2.6. Value chain analysis
2.7. Porter’s five forces analysis

Chapter 3: Asia-Pacific self-monitoring blood glucose devices market – based on products
3.1. Testing strips
– Market overview
– Forecasted market segment reven


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