Diabetes Monitoring Devices Market

The global blood glucose monitoring system market is highly dynamic due to the presence of several global regional and local players.

Diabetes monitoring devices market.

The rise in the demand for non invasive blood glucose meters is expected to drive the market. The increasing diabetic patient population combined with the reliability and accuracy of the blood glucose monitoring devices are some of the factors driving the blood glucose meter market share. London business wire technavio has been monitoring the blood glucose monitoring devices market and it is poised to grow by usd 15 60 billion during 2020 2024 progressing at a cagr of almost. A bgm is not to be used to diagnose for diabetes.

If you are concerned that you may have diabetes please see your doctor. The leading vendors are offering a diverse range of bg meters test strips sensors lancets and lancing devices for enhancing improving diabetes management to sustain the intense competition. Diabetes devices market was valued at us 41 8 bn in 2018 and is anticipated to expand at a cagr of 6 4 from 2019 to 2027 increase in prevalence of diabetes and increase in adoption of insulin pumps among type 1 diabetes patients are projected to drive the market. The company has strong geographic presence across north america europe asia pacific latin america and middle east africa and markets and sales its products in these geographies through more than 230.

The global diabetes monitoring devices market has witnessed a multitude of product launches with varied features and specifications in the recent past. The company offers self monitoring blood glucose meters and insulin delivery devices through its medical devices and diagnostics segment. Eversense developed by senseonics eversense is a subcutaneous implant that can last for up to 3 months. With countless blood glucose meters on the market how do you know which one to choose for blood glucose monitoring and testing.

The device is used to record and track blood glucose levels for the management of diabetes.