Report Details-
Global Glucose Sensors Market, By Product (Invasive Glucose Monitoring, Non-Invasive Glucose Monitoring , Self-Glucose Monitoring ,Lab-Based Glucose Monitoring), Technology (Photo Acoustic Spectroscopy, Optical Coherence Tomography, Polarimetry, Fluorescence, MIR Spectroscopy, NIR Spectroscopy, Impedance Spectroscopy, Skin Suction Blister Technique, Sonophoresis, Reverse Iontophoresis), Component (Sensors, Transmitters & Receivers, Integrated Insulin Pumps), Demographics (Adult Population (>14 years), Children Population (≤14 years), End-Users (Hospitals, Private Clinics, Home Care, Ambulatory Settings, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Data Bridge Market Research analyses that the glucose sensors market is expected to reach the value of USD 8786.65 million by the year 2029, at a CAGR of 19.85% during the forecast period. The glucose sensors market is being driven by an increase in the number of diabetic patients. North America dominates the population glucose sensors market due to rising healthcare costs, rising healthcare expenditure, and an increase in the prevalence of chronic diseases in this region
Market Definition
Glucose sensors are compact analytical devices or elements that combine a biological or biologically derivative sensitive recognition section with a physiochemical transducer. These sensors are critical for oral glucose lowering medication or insulin treatment because they provide data on glucose concentrations in the body. These sensors are very effective at monitoring the level of glucose in the human body.
Glucose Sensors Market Dynamics
Drivers
The rise in the research and development activities
Increased R&D investments are a critical factor driving market growth, as is an increase in the accuracy and precision of the sensor's data, an increase in healthcare expenditure, an increase in the geriatric population, an increase in the number of product launches, and an increase in the prevalence of diabetes, among other factors driving the glucose sensors market.
COVID-19 Impact on Glucose Sensors Market
The demand for all self-monitoring devices skyrocketed thanks to online sales channels. This was due primarily to the lockdown and stockpiling of blood glucose monitors. Because diabetic patients are more likely to develop complications from COVID-19 and other major illnesses, the demand for continuous glucose monitoring and related alarm systems is expected to rise in the coming years. When compared to the market size in 2019, the global market for blood glucose monitoring increased by 15% in 2020.
Global Glucose Sensors Market Scope
The glucose sensors market is segmented on the basis of product, technology, component, demographics and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Glucose Sensors Market Regional Analysis/Insights
The glucose sensors market is analysed and market size insights and trends are provided by country, product, technology, component, demographics and end-users as referenced above.
The countries covered in the glucose sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Competitive Landscape and Glucose Sensors Market Share Analysis
The glucose sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to glucose sensors market.
Some of the major players operating in the glucose sensors market are Abbott (U.S.)
Arkay, Inc. (U.S.)
Bayer Healthcare AG (Germany)
F. Hoffmann-La Roche Ltd (Switzerland)
Goldsite Diagnostics Inc.(US)
GlySure Ltd (U.K)
Sphere Medical Holding plc. (U.K)
Dexcom, Inc. (U.S.)
LifeScan, Inc. (U.S)
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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