Glucose testing or detecting is becoming one of the most important aspect nowadays. Diabetes is the most dominating diseases all over the world. There are many blood monitoring devices to detect such as blood strips, lancets and glucometers. Glucometers are automatic glucose detector. Prevalence in diabetic cases and errorless results leads to high demand of glucometers. It is consume less time and easy to handle. The global glucometer market is highly fragmented and is based on new product launches and clinical results of products.
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Glucometer Industry accounted to USD XX.XX million in 2017 growing at a CAGR of XX.XX% during the forecast period of 2018 to 2025, Globally (Current Year Statistic Will Be Provided In Report). Some of the major players operating in global glucometer market are
- Johnson & Johnson Services, Inc.
- Abbott
- Bayer AG
- Hoffmann-La Roche Ltd.
- OMRON Corporation
- ACON
- ARKRAY USA
- NOVA
- LifeScan, Inc.
- Braun Melsungen AG
- i-SENS. Inc.
Others: TERUMO CORPORATION, Hainice Medical Inc., Glucostratus Ltd., allmedicus, AgaMatrix, CARE diagnostics, Edan Instruments, Inc., Yu Yue medical and EGENS GROUP among others. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global glucometer market for global, Europe, North America, Asia Pacific and South America.
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Market Segmentation: Glucometer Market
- The global glucometer market is segmented by product into
- Single Point Blood Glucose Meter
- Continuous Glucose Monitoring System (Sensor, Transmitter & Receiver)
- External Monitor
- The continuous glucose monitoring system segment is sub-segmented into
- Sensor
- Transmitter & receiver
- By type the market is segmented into
- Photoelectric
- Electrodes
- By application the market is segmented into
- Hospitals
- Ambulatory centers
- Home care settings
- Clinics
- Diagnostic centers
On the basis of geography, global glucometer market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
- North America is expected to dominate the market.
Major Market Drivers and Restraints:
- Increasing cases of diabetes in any group age
- Easy to handle
- Less time consuming
- Errorless results
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