North America Glucose Monitoring Devices Market, By Product Type (Self-Monitoring Blood Glucose Devices and Continuous Glucose Monitoring Devices), Distribution Channel (Retail and Online), End User (Hospital, Clinics, Diagnostic Centres, Home Healthcare and Others), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights of Glucose Monitoring Devices Market
Data Bridge Market Research analyses that the North America glucose monitoring devices market will exhibit a CAGR of around 8.71% for the forecast period of 2021-2028. Rising awareness about the self-management of diabetes, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, ever-rising geriatric population base and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of glucose monitoring devices market.
From the name itself, it is clear that glucose monitoring devices are the medical instruments that are used to monitor the level of glucose in the body. Apart from just keeping a track of blood glucose levels, the glucose monitoring devices help to maintain a balance between food and exercise. The glucose monitoring devices are available in the form of lancets, testing strips and glucose meters. These are convenient in handling and portable in nature.
Upsurge in the prevalence of diabetes globally are the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with presence of supportive regulatory and beneficial policies is another market growth determinant. Rising number of hospitals and diagnostic centres, surging obesity and ever-rising geriatric population will further generate lucrative market growth opportunities.
However, high costs associated with frequent blood glucose tests and maintaining the devices will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and less focus on promotional campaigns will further pose challenges for the market. Also, manufacturing defects in the machines will also hamper the market growth rate.
This glucose monitoring devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on glucose monitoring devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Glucose Monitoring Devices Market Scope and Market Size
The North America glucose monitoring devices market is segmented on the basis of product type, distribution channel and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, the glucose monitoring devices market is segmented into self-monitoring blood glucose devices and continuous glucose monitoring devices. Self-monitoring blood glucose devices have further been segmented into glucose strips, glucose meter and lancets.
- The distribution channel of the glucose monitoring devices market is segmented into retail and online. Retail has further been segmented into specialty stores and drug stores/pharmacies.
- On the basis of end user, the glucose monitoring devices market is segmented into hospitals, clinics, diagnostic centers, home healthcare and others.
North America Glucose Monitoring Devices Market Country Level Analysis
The North America glucose monitoring devices market is analysed and market size insights and trends are provided by country, product type, distribution channel and end user as referenced above.
The countries covered in the glucose monitoring devices market report are U.S., Canada and Mexico.
United States dominates the North America glucose monitoring devices market in terms of market share and market revenue. This is because of the prevailing advanced healthcare technologies and prevalence of major players in this region. Ever-rising geriatric population, high incidences of diabetes and growing obese and overweight population base are some other market growth determinants for this region.
The country section of the North America glucose monitoring devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare infrastructure growth installed base and new technology penetration
The North America glucose monitoring devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for North America glucose monitoring devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the North America glucose monitoring devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Glucose Monitoring Devices Market Share Analysis
The North America glucose monitoring devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to North America glucose monitoring devices market.
The major players covered in the North America glucose monitoring devices market report are DiaMonTech AG, Medtronic, Abbott, Dexcom, Inc., F. Hoffmann-La Roche Ltd, 77 Elektronika Kft., GlySens Incorporated., Novo Nordisk A/S, Beurer GmbH, Nemaura., PHC Holdings Corporation, Senseonics, Ascensia Diabetes Care Holdings AG., AgaMatrix, Nova Biomedical, ACON Laboratories, Inc., HemoCue India, Danaher., among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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