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Self-Monitoring Blood Glucose Devices Market Will Grow CAGR Of 6.94% During The Forecast Period

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Jyoti Waghmare
Self-Monitoring Blood Glucose Devices Market Will Grow CAGR Of 6.94% During The Forecast Period

The Asia-Pacific self-monitoring blood glucose devices market is expected to expand at a CAGR of 6.34% during the 2019-2024 period, owing to technological breakthroughs, rising obesity, and the increasing prevalence of diabetes.

Product Segment Insights:
The testing strips segment is expected to hold the highest market share (81.64%) in 2019. Owing to the development of innovative testing strips, and a massive increase in the incidence of diabetes, this segment is expected to witness a high CAGR of 6.94% during the forecast period. The glucometers segment is expected to remain steady while generating 12% of the revenue in the Asia-Pacific market in 2019. Factors like the advantages of glucometers over regular monitoring methodologies and the production of a wide range of devices will drive this segment. However, variations in results due to external and physiological factors will lead to a comparatively low CAGR (4.95%) during the 2019-2024 period.

End User Segment Insights:
The shift of medical services to decentralized surroundings like patients’ homes and the development of portable and user-friendly blood glucose monitoring devices will enable the home settings segment to expand at a CAGR of 6.82% during the 2019-2024 period. The hospitals sector will generate almost 7% of the total market revenue by 2019, and is anticipated to expand at a CAGR of 4.78% during the forecast period.

Country-wise Insights:
China and India account for half of the total diabetic population in the Asia-Pacific region. Advanced medical facilities, awareness programs, and cost-effective treatments to tackle diabetes will transform this region into the fastest-growing SMBG devices market in the world. China is expected to expand at a CAGR of 6.62% during the forecast period, while healthcare initiatives and government programs in India will enable the market in the country to expand at a CAGR of 6.46%.

Companies covered:
• Wockhardt
• Roche Holding
• Abbott Laboratories
• i-SENS
• Terumo Medical

Request a Free Sample Copy of Self-Monitoring Blood Glucose Devices Market Report @ https://www.radiantinsights.com/research/asia-pacific-self-monitoring-blood-glucose-devices-market/request-sample

Table of Contents

Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary

Chapter 2: Asia-Pacific self-monitoring blood glucose devices market - overview
2.1. Market definitions
2.2. Market overview
- Historical market revenue (USD Bn)
- Forecasted market revenue (USD Bn)
- Country-wise market revenue (USD Bn)
2.3. Market trends
2.4. Market drivers
2.5. Market challenges
2.6. Value chain analysis
2.7. Porter’s five forces analysis

Chapter 3: Asia-Pacific self-monitoring blood glucose devices market - based on products
3.1. Testing strips
- Market overview
- Forecasted market segment revenue (USD Bn)
3.2. Glucometers
- Market overview
- Forecasted market segment revenue (USD Bn)
3.3. ‘Others’
- Market overview
- Forecasted market segment revenue (USD Bn)

The report “Self-Monitoring Blood Glucose Devices Market” is available now at https://www.radiantinsights.com/research/asia-pacific-self-monitoring-blood-glucose-devices-market 

Chapter 4: Asia-Pacific self-monitoring blood glucose devices market - based on end users
4.1. Hospitals
- Market overview
- Forecasted market segment revenue (USD Bn)
4.2. Diagnostic centers and clinics
- Market overview
- Forecasted market segment revenue (USD Bn)
4.3. Home settings
- Market overview
- Forecasted market segment revenue (USD Bn)

Chapter 5: India self-monitoring blood glucose devices market
5.1. Overview
- Revenue (USD Bn)
- Forecasted market revenue (USD Bn)
5.2. Trends
5.3. Drivers
5.4. Challenges
5.5. Market observations based on products
- Key market observations
- Forecasted market revenue (USD Bn)
5.6. Market observations based on end users
- Key market observations
- Forecasted market revenue (USD Bn)

Chapter 6: China self-monitoring blood glucose devices market
6.1. Overview
- Revenue (USD Bn)
- Forecasted market revenue (USD Bn)
6.2. Trends
6.3. Drivers
6.4. Challenges
6.5. Market observations based on products
- Key market observations
- Forecasted market revenue (USD Bn)
6.6. Market observations based on end users
- Key market observations
- Forecasted market revenue (USD Bn)

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