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Report
Global Smart Glucose Meter Market: Investment & Growth Opportunity Analysis, 2019-2028
Market Report I 2022-06-01 I 142 Pages I RationalStat
Global Smart Glucose Meter Market Analysis and Forecast 2019-2028
The global smart glucose meter market is expected to grow at a CAGR of over 7.5% during the forecast period. The market growth is attributed to the increasing cases of diabetes, which in turn, is propelling the need for smart glucose monitors and hence driving the market growth. There is high demand for blood glucose monitoring devices especially among the diabetic population as these devices read blood sugar levels in real-time. The rise in patient awareness and concerns about blood sugar levels has resulted in the increasing number of self-monitoring blood sugar users. This is estimated to fuel the growth of the global smart glucose monitors market.
Market Segmentation
The global smart glucose meter market has been analyzed on the basis of product type, application, distribution channel, end use, and region. Based on product type, the market is segmented into self-monitoring blood glucose (SMBG) systems and continuous glucose monitoring (CGM) systems. Among these, SMBG is estimated to hold a prominent share in the market while CGM is projected to exhibit a considerable growth rate during the forecast period. Based on application, the market is segmented into type-2 diabetes, type-1 diabetes, and gestational diabetes. Type 2 diabetes is projected to witness substantial growth due to soaring obesity problems.
Based on distribution channel, the market is segmented into online and offline. Among these, offline channel is estimated to hold a prominent share in the market while online segment is estimated grow at a significant rate during the forecast period. By end use, the market is segmented into hospitals, home care, retail pharmacies, diagnostic centers, and others. Among these, hospital segment is estimated to hold a prominent share in the market. Geographically, the market is analyzed into North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is estimated to hold a prominent share in the market.
Market Structure and Competition Landscape
The smart glucose meter market is characterized by the presence of a significant number of players operating in the market. Some of the prominent players include Novo Nordisk, Medtronic plc, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Bayer AG, LifeScan IP Holdings LLC, Dexcom Inc., Sanofi SA, Elly Lilly and Company, and B Braun Melsungen AG among others. These companies use several tactics to reinforce their market share and acquire a competitive advantage over their competitors. Mergers & acquisitions, partnerships and collaborations, expansions, and product launches are some of the strategies followed by industry players. Some of the key developments in the smart glucose meter market include:
- In April 2022, DexCom, Inc launched the new Dexcom ONE Continuous Glucose Monitoring System, which will be available in the UK. The Dexcom ONE system is a simple-to-use real-time CGM (rt-CGM) that will be more inexpensive and accessible for diabetics in the UK and it will be evaluated for inclusion in drug tariffs in the United Kingdom.
- In December 2021, Medtronic plc announced that the US Centers for Medicare & Medicaid Services (CMS) will expand into all forms of continuous glucose monitors (CGMs), including adjunctive and non-adjunctive CGMs, and would be covered by Medicare. CGMs that work with Medtronic insulin pumps are included in this category.
Smart Glucose Meter Market Analysis and Forecast 2019-2028
Table of Contents
1. Market Introduction
1.1. Scope of Study
1.2. Problem Statement
1.3. Market Segmentation
2. Assumptions and Acronyms
3. Executive Summary
3.1. Global Market in 2022
3.2. Analyst Insights & Recommendations
3.3. Growth Opportunities and Key Strategies
3.4. Supply-side and Demand-side Trends
4. Research Methodology
5. Analysis of COVID-19 Impact and Road Ahead
6. Market Indicators and Background
6.1. Macro-Economic Factors
6.1.1. Global Population Overview and Forecast
6.1.2. Per Capita Income Analysis in Select Countries
6.1.3. Diabetic Disorders in Select Countries
6.2. Forecasting Factors
Robust assessment of various factors including industrial performance, industry players' expenditures, economic conditions, among others
6.3. Supply Chain & Value Chain Analysis
6.3.1. Raw Material Suppliers
6.3.2. Smart Glucose Meter Manufacturers
6.3.3. Key End Uses
6.4. Industry SWOT Analysis
6.5. PESTLE Analysis
6.6. Porter's Five Forces Analysis
7. Government Laws and Industry Regulations
8. Global and Regional Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Global Smart Glucose Meter Market: Key Investment Analysis
9.1. By Smart Glucose Meter Manufacturers
9.2. By Product Type
9.3. By Application
9.4. By End Use
9.5. By Region
9.6. M&A Activities
Robust assessment of major investments made by various industry players along with key application areas, technological assessment, and key end-use sector
10. Pricing Analysis
10.1. By Product Type
10.1.1. Self-Monitoring Blood Glucose (SMBG) Systems
10.1.2. Continuous Glucose Monitoring (CGM) Systems
10.2. By Application
10.2.1. Type 2 Diabetes
10.2.2. Type 1 Diabetes
10.2.3. Gestational Diabetes
10.3. By Distribution Channel
10.3.1. Online
10.3.2. Offline
10.4. By Region
10.4.1. North America
10.4.2. Western Europe
10.4.3. Eastern Europe
10.4.4. Asia Pacific
10.4.5. Latin America
10.4.6. Middle East & Africa
11. Parent Market Overview
11.1. Global Diabetes Market
11.2. Global Medical Device Market
12. Segmental Analysis
12.1. Global Smart Glucose Meter Market by Product Type
12.1.1. Segment Overview
12.1.1.1. Self-Monitoring Blood Glucose (SMBG) Systems
12.1.1.2. Continuous Glucose Monitoring (CGM) Systems
12.2. Global Smart Glucose Meter Market by Application
12.2.1. Segment Overview
12.2.1.1. Type 2 Diabetes
12.2.1.2. Type 1 Diabetes
12.2.1.3. Gestational Diabetes
12.3. Global Smart Glucose Meter Market by Distribution Channel
12.3.1. Segment Overview
12.3.1.1. Online
12.3.1.2. Offline
12.3.1.2.1. Institutional Sales
12.3.1.2.2. Retail Pharmacies
12.3.1.2.3. Hospital Pharmacies
12.4. Global Smart Glucose Meter Market by End Use
12.4.1. Segment Overview
12.4.1.1. Hospitals
12.4.1.2. Home Care
12.4.1.3. Diagnostic Centre
12.4.1.4. Others (Clinics)
12.5. Global Smart Glucose Meter Market by Region
12.5.1. North America
12.5.2. Latin America
12.5.3. Western Europe
12.5.4. Eastern Europe
12.5.5. Asia Pacific
12.5.6. Middle East & Africa
13. Regional Analysis
13.1. North America Smart Glucose Meter Market Analysis and Forecast 2019-2028
13.1.1. Regional Market Overview and Key Takeaways
13.1.2. North America Smart Glucose Meter Market by Product Type
13.1.3. North America Smart Glucose Meter Market by Application
13.1.4. North America Smart Glucose Meter Market by Distribution Channel
13.1.5. North America Smart Glucose Meter Market by End Use
13.1.6. North America Smart Glucose Meter Market by Country
13.1.6.1. US
13.1.6.2. Canada
13.2. Latin America Smart Glucose Meter Market Analysis and Forecast 2019-2028
13.2.1. Regional Market Overview and Key Takeaways
13.2.2. Latin America Smart Glucose Meter Market by Product Type
13.2.3. Latin America Smart Glucose Meter Market by Application
13.2.4. Latin America Smart Glucose Meter Market by Distribution Channel
13.2.5. Latin America Smart Glucose Meter Market by End Use
13.2.6. Latin America Smart Glucose Meter Market by Country
13.2.6.1. Brazil
13.2.6.2. Mexico
13.2.6.3. Rest of Latin America
13.3. Western Europe Smart Glucose Meter Market Analysis and Forecast 2019-2028
13.3.1. Regional Market Overview and Key Takeaways
13.3.2. Western Europe Smart Glucose Meter Market by Product Type
13.3.3. Western Europe Smart Glucose Meter Market by Application
13.3.4. Western Europe Smart Glucose Meter Market by Distribution Channel
13.3.5. Western Europe Smart Glucose Meter Market by End Use
13.3.6. Western Europe Smart Glucose Meter Market by Country
13.3.6.1. Germany
13.3.6.2. UK
13.3.6.3. France
13.3.6.4. Spain
13.3.6.5. Italy
13.3.6.6. Benelux
13.3.6.7. Nordic
13.3.6.8. Rest of Western Europe
13.4. Eastern Europe Smart Glucose Meter Market Analysis and Forecast 2019-2028
13.4.1. Regional Market Overview and Key Takeaways
13.4.2. Eastern Europe Smart Glucose Meter Market by Product Type
13.4.3. Eastern Europe Smart Glucose Meter Market by Application
13.4.4. Eastern Europe Smart Glucose Meter Market by Distribution Channel
13.4.5. Eastern Europe Smart Glucose Meter Market by End Use
13.4.6. Eastern Europe Smart Glucose Meter Market by Country
13.4.6.1. Russia
13.4.6.2. Poland
13.4.6.3. Rest of Eastern Europe
13.5. Asia Pacific Smart Glucose Meter Market Analysis and Forecast 2019-2028
13.5.1. Regional Market Overview and Key Takeaways
13.5.2. Asia Pacific Smart Glucose Meter Market by Product Type
13.5.3. Asia Pacific Smart Glucose Meter Market by Application
13.5.4. Asia Pacific Smart Glucose Meter Market by Distribution Channel
13.5.5. Asia Pacific Smart Glucose Meter Market by End Use
13.5.6. Asia Pacific Smart Glucose Meter Market by Country
13.5.6.1. China
13.5.6.2. Japan
13.5.6.3. India
13.5.6.4. South Korea
13.5.6.5. Australia
13.5.6.6. ASEAN
13.5.6.7. Rest of Asia-Pacific
13.6. Middle East & Africa Smart Glucose Meter Market Analysis and Forecast 2019-2028
13.6.1. Regional Market Overview and Key Takeaways
13.6.2. Middle East & Africa Smart Glucose Meter Market by Product Type
13.6.3. Middle East & Africa Smart Glucose Meter Market by Application
13.6.4. Middle East & Africa Smart Glucose Meter Market by Distribution Channel
13.6.5. Middle East & Africa Smart Glucose Meter Market by End Use
13.6.6. Middle East & Africa Smart Glucose Meter Market by Country
13.6.6.1. GCC
13.6.6.2. South Africa
13.6.6.3. Turkey
13.6.6.4. Rest of the Middle East & Africa
14. Competitive Landscape
14.1. Competition Dashboard
14.1.1. Global and Regional Market Share Analysis
14.1.2. Market Structure
14.2. Competitive Benchmarking
14.3. Key Strategy Analysis
14.4. Company Profiles
14.4.1. Novo Nordisk
14.4.1.1. Company Overview
14.4.1.2. Product/Service Offerings
14.4.1.3. Key Financials
14.4.1.4. Recent Developments
14.4.2. Medtronic plc
14.4.2.1. Company Overview
14.4.2.2. Product/Service Offerings
14.4.2.3. Financials
14.4.2.4. Recent Developments
14.4.3. F. Hoffmann-La Roche Ltd.
14.4.3.1. Company Overview
14.4.3.2. Product/Service Offerings
14.4.3.3. Financials
14.4.3.4. Recent Developments
14.4.4. Abbott Laboratories
14.4.4.1. Company Overview
14.4.4.2. Product/Service Offerings
14.4.4.3. Financials
14.4.4.4. Recent Developments
14.4.5. Bayer AG
14.4.5.1. Company Overview
14.4.5.2. Product/Service Offerings
14.4.5.3. Financials
14.4.5.4. Recent Developments
14.4.6. LifeScan IP Holdings LLC
14.4.6.1. Company Overview
14.4.6.2. Product/Service Offerings
14.4.6.3. Financials
14.4.6.4. Recent Developments
14.4.7. Dexcom Inc.
14.4.7.1. Company Overview
14.4.7.2. Product/Service Offerings
14.4.7.3. Financials
14.4.7.4. Recent Developments
14.4.8. Sanofi SA
14.4.8.1. Company Overview
14.4.8.2. Product/Service Offerings
14.4.8.3. Financials
14.4.8.4. Recent Developments
14.4.9. Elly Lilly and Company
14.4.9.1. Company Overview
14.4.9.2. Product/Service Offerings
14.4.9.3. Financials
14.4.9.4. Recent Developments
14.4.10. B Braun Melsungen AG
14.4.10.1. Company Overview
14.4.10.2. Product/Service Offerings
14.4.10.3. Financials
14.4.10.4. Recent Developments
A comprehensive list of smart glucose meter manufacturers will be provided along with geographical reach, employee count, revenue, product capacities, and their capabilities
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