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Global Blood Glucose Monitoring Market Size, Trends and Growth Analysis By Product Type (Invasive, Continuous, Flash), Application (Type 1 Diabetes, Type 2 Diabetes) and End User (Diagnostic Centers, Hospitals, Clinics) - Forecast till 2027Market OverviewBlood glucose monitoring can be referred to as the procedure of testing diabetes level in the blood.
The global blood glucose monitoring market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.1% during the forecast period (2017-2023).The blood glucose monitoring market is considered one of the rapidly expanding markets, mainly due to the surging growth in urbanization, leading to soaring incidences of obesity.
Moreover, the lack of reimbursement policies for such devices will remain a major barrier to the adoption of such devices.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/557Global Blood Glucose Monitoring Market: Segmental AnalysisThe global blood glucose monitoring market has been segmented on the basis of application, product type, and end user.By product type, the blood glucose monitoring market is segmented into continuous glucose monitoring devices (CGM), invasive glucose monitoring devices, flash glucose monitoring devices, and others.
Of these, type 2 diabetes will gain prominence due to rising incidences of type 2 diabetes and innovative product launches with less invasive technologies.The end users segment comprises hospitals, diagnostic centers, research centers, clinics, and home care diagnostics.
Also, rising product launches enhance patient comfort when used at home.Regional FrontiersGeographically, the blood glucose monitoring market spans across Europe, Asia Pacific, America, and the Middle East & Africa.Considering the global scenario, America commands the largest share in the global market, mainly due to the surging incidences of obesity among the global population.
As per the CDC, the prevalence of diagnosed as well as undiagnosed diabetes population in 2015 was around 30.3 million people of all ages.