Report Overview
Blood Glucose Device (SMBG) is an important component of modern therapy for diabetes mellitus. SMBG has been recommended for people with diabetes and their health care professionals in order to achieve a specific level of glycemic control and to prevent hypoglycemia. The goal of SMBG is to collect detailed information about blood glucose levels at many time points to enable maintenance of a more constant glucose level by more precise regimens. It can be used to aid in the adjustment of a therapeutic regimen in response to blood glucose values and to help individuals adjust their dietary intake, physical activity, and insulin doses to improve glycemic control on a day-to-day basis.
Blood glucose monitoring devices market is very lucrative business with enormous future potential. Self-monitoring blood glucose market is primarily dependent on number of diabetic patients. So with the growth in diabetic patients blood glucose monitoring devices market is set to grow many folds.
China has the highest number of self-monitoring blood glucose device users but United States has highest number of test strips market share. United States controls the highest market share in the self-monitoring blood glucose (SMBG) market worldwide.
This research report gives detailed data about the major factors influencing the growth of the Blood Glucose Device (SMBG) market at the national and local level forecast of the market size, in terms of value, market share by region, and segment; regional market positions; segment and country opportunities for growth; Key company profiles, SWOT, product portfolio and growth strategies. It studies the market\'s essential sides such as top participants, expansion strategies, business models, and other market features to improve market insight.
The report forecast global Blood Glucose Device (SMBG) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Blood Glucose Device (SMBG) market in 2020. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
First, this report covers the present status and the future prospects of the global Blood Glucose Device (SMBG) market for 2015-2027.
Market Segmentation
The Blood Glucose Device (SMBG) market is segmented on the basis of type, application, end-use industry, and region & country.
Key Companies
Roche
Lifescan
Abbott
Terumo
Ascensia (Bayer)
At the same time, we classify Blood Glucose Device (SMBG) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Strips
Glucose Meter
Lancet
Market by Application
Public Hospital
Private Hospital
Clinics
Pharmacy Shops
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Blood Glucose Device (SMBG) market for the forecast period 2021 - 2027?
• What are the driving forces in the Blood Glucose Device (SMBG) market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Blood Glucose Device (SMBG) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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