Diabetes Monitors Market Segmentation and Analysis by Recent Trends and Growth Prospects 2027

Overview

Diabetes is a metabolic disease that occurs when blood glucose level is too high either due to inadequate insulin production or because of low response towards insulin. The three most common type of diabetes are Type 1, Type 2, and gestational diabetes. Other less common type includes cystic fibrosis-related diabetes, and monogenic diabetes. The frequent blood glucose monitoring is critical for diabetic management, as the maintenance of standard glucose level, i.e. 4–8 mM, is the only way that a diabetic person can lead a healthy lifestyle. According to WHO, global prevalence of diabetes has risen from 4.7% to 8.5% in 2014. It is also estimated that around 1.6 million deaths have occurred in 2015 due to diabetes worldwide.

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Rise in technological innovations, huge research funding for diabetes diagnosis and treatment, increasing prevalence and incidence of diabetes, rising approval from regulatory bodies, and increasing global obesity population. However, high cost associated with diagnosis and treatment of diabetes, and stringent reimbursement policies may hinder the growth of market to an extent.

It is estimated that diabetes monitors market is expected to grow at a CAGR 8.3% during the forecast period 2017-2023.

Taste the market data and market information presented through more than 296 market data tables and figures spread over 251 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “diabetes monitors market research report–Global forecast till 2023.”

Market Segmentation

Segmental analysis of the global diabetes monitors market has been based on sample, type, component and end-users.

Based on sample, the market has been segmented into blood samples, urine samples, sweat samples and others. Blood samples are the largest market segment and is expected to possess a 75.70% share and witness a CAGR of 8.6% during the forecast period of 2017 to 2023. 

Based on type, the market has been segmented into point sample test based glucose monitors, continuous glucose monitors and enzyme free sensor based glucose monitors. Continuous glucose monitors (CGM) have been further sub-segmented to include, disposable sensor based CGM and re-usable sensor based CGM

Based on components, the market has been classified into lancet, glucose test strips and sensors. Sensors have been sub-segmented into enzyme based sensors and enzyme free sensors.

Based on end users, the market has been segmented into diagnostic clinics, hospitals and home.

Regional Overview

The Americas possess the largest global market share owing to the strong presence of leading market players, large investments in research & development, a well-developed health sector and a large patient population in the region. The high prevalence of diabetes in this area has prompted government and private organizations to actively encourage improvement of treatment options available. 

Europe holds the second largest global market share and like the Americas, this region has supportive government associations that drive research and development to improve existing monitoring technologies. The strong potential for viable treatment and monitoring innovations from this region are fueling market growth. 

Asia Pacific is predicted to be the fastest growing global market segment. Countries such as India and China count amongst countries with the highest occurrence of diabetes, the presence of a colossal patient population in the region is driving substantial growth for the region. There is a strong requirement for affordable monitoring devices and other relevant diabetes care which is attracting major players to cater to this region.

The Middle East and Africa includes countries such as the U.A.E., Qatar and Kuwait where an immensely rapid urbanization has led to a high number of diabetes diagnoses, thus driving growth for this market. However, due to the presence of impoverished and under developed economies of many African countries in this region is expected to limit growth during the forecast period.

Competitive Landscape

Rapid urbanization and sedentary lifestyle choices are presumed to drive diabetes monitors market growth worldwide. The global diabetes monitors market could be challenged by infrastructure based limitations, nevertheless, organizations in the diabetes monitors market will carry the growth rate forward. The diabetes monitors market research report presents company profiles of major companies active in the diabetes monitors market globally. Furthermore, the global diabetes monitors market report offers an all-inclusive analysis of the market collected from the diabetes monitors market’s primary and secondary sources covering both decision makers and thought leaders. The diabetes monitors market research report highlights such key areas assisting businesses operating in the diabetes monitors market to build better growth strategies.

Latest Industry News

Dexcom has announced Food and Drug Administration (FDA) approval of the Dexcom G6 CGM System. The device is developed to be used as a standalone CGM and for integration into automated insulin dosing (AID) devices. Perhaps the most impressive feature about this system is that it eliminated the need for finger sticks and is non-invasive. The sensor is also developed for longer use and will last 43% longer than previous version of the device.

Researchers at the UC San Diego Jacobs School of Engineering led by UC San Diego Centre for Wearable Sensors director and co-director have developed a glucose monitoring patch that is non-invasive. The patch is applied onto the skin like a temporary children's tattoo and contains electrodes that apply a minuscule electric current which forces molecules of glucose to rise to the surface for measurement. This monitoring method has enrolled for clinical trials. The method is expected to potentially be a viable non-invasive, user friendly and affordable monitoring solution.

1 Report Prologue

1.1 Introduction 13

2 Introduction

2.1 Research Objective 16

2.2 Assumptions & Limitations 16

2.2.1 Assumptions 16

2.2.2 Limitations 16

2.3 Market Structure 16

3 Research Methodology

3.1 Research Process 18

3.2 Primary Research 19

3.3 Secondary Research 19

3.4 Market Size Estimation 20

3.4.1 Trade Analysis 21

3.4.2 Market Pricing Approach 21

4 Market Dynamics

4.1 Introduction 22

4.2 Drivers 23

4.2.1 Increasing Prevalence And Incidence Of Diabetes M0ellitus (DM)

(Impact Weightage-35%) 23

4.2.2 Rise In Technological Innovations (Impact Weightage-30%¬) 24

4.2.3 Research Funding In Diabetes Diagnosis And Treatment

(Impact Weightage-15% ¬) 25

4.2.4 Rising Awareness And Screening For Diabetes Mellitus

(Impact Weightage-20%¬) 26

4.3 Restraints 27

4.3.1 Stringent Reimbursement And Insurance Policies In Developing Nations,

Can Hamper The Market Growth In Coming Future (Impact Weightage-35%¬) 27

4.3.2 High Cost Associated With Diagnosis And Treatment Of Diabetes

(Impact Weightage-65%¬) 28

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