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Blood Glucose Monitoring Devices Market Size, Share & Trends Analysis Report 2024-2030: The Self-monitoring Devices Segment Held the Largest Revenue Share of 66% in 2023 | ||
By: PR Newswire Association LLC. - 14 Mar 2024 | Back to overview list |
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DUBLIN, March 14, 2024 /PRNewswire/ -- The "Blood Glucose Monitoring Devices Market Size, Share & Trends Analysis Report By Product (Self-Monitoring Devices, Continuous Glucose Monitoring Devices), By End-use, By Region, And Segment Forecasts, 2024 - 2030" report has been added to ResearchAndMarkets.com's offering. The global blood glucose monitoring devices market size is expected to reach USD 23.21 billion by 2030. The market is expected to expand at a CAGR of 8.25% from 2024 to 2030. Patients with diabetes and their healthcare professionals benefit significantly from Blood Glucose Monitoring Devices (BGMD). BGMD is becoming more widely accepted as an important component of intensive diabetic treatment. It allows diabetic patients to measure their blood sugar levels within minutes with ease and convenience wherever they are. The continuous glucose monitoring (CGM) devices help analyze the blood glucose level continuously and in real-time. It also helps patients determine the level of dietary intake and dosage of insulin. In addition, factors such as sedentary lifestyles including consumption of junk food, alcohol, and smoking, and a surge in the need for safer and faster diagnoses are expected to boost the market growth during the forecast period. According to the International Diabetes Federation (IDF), the total number of diabetic patients is expected to expand to 643 million (11.3 %) by 2030 and 783 million (12.2 %) by 2045. Obesity is one of the major factors propelling the prevalence of diabetes. Obese individuals are up to 80 times more likely than non-obese persons to develop diabetes. Studies suggest that 650 million people over the age of 18 are obese. Further, due to the ongoing efforts by the government and healthcare organizations such as the International Diabetes Federation (IDF) to control diabetes, the market is likely to rise at a rapid pace throughout the forecast period. Through a network of stakeholders and collaborators, these organizations provide needed expertise and support diabetes awareness campaigns. Rising health-care funding is also expected to boost market growth. Blood Glucose Monitoring Devices Market Report Highlights
Key Topics Covered: Chapter 1. Methodology and Scope Chapter 2. Blood Glucose Monitoring Devices Market: Executive Summary Chapter 3. Blood Glucose Monitoring Devices Market Variables, Trends, & Scope Chapter 4. Blood Glucose Monitoring Devices: Product Estimates & Trend Analysis Chapter 5. Blood Glucose Monitoring Devices: End-use Estimates & Trend Analysis Chapter 6. Regional Business Analysis Chapter 7. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/y18k6 About ResearchAndMarkets.com Media Contact: Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets |
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