Global Blood Glucose Monitoring Consumables Market (2021 to 2026) - Prominent Players Include Abbott, Dexcom and Medtronic Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Apr 13, 2021--
The “Blood Glucose Monitoring Consumables Market - Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global blood glucose monitoring consumables market by revenue is expected to grow at a CAGR of over 13% during the period 2020-2026.
The market has witnessed significant growth due to the growing prevalence of diabetes and the increasing awareness of self-management of diabetes. The prevalence of diabetes worldwide increases at an alarming rate due to changing lifestyles, growing alcohol consumption, and increasing smokers. However, the outbreak of the COVID-19 pandemic and the introduction of advanced test strips and lancets influence the digital diabetes management market’s growth. The increased demand for self-care/homecare devices is also contributing to the usage of BGM consumables. With an increase in the sale of blood glucose meters, test strips, and lancets, the market offers tremendous growth opportunities for global, regional, and local vendors. Therefore, many vendors strategically focus on the development and commercial launches for regular blood glucose monitoring, which increases the demand for consumables.
The following factors are likely to contribute to the growth of the blood glucose monitoring consumables market during the forecast period:
- COVID-19 Pandemic Increasing Demand for Test Strips & Lancets
- Advances in Test Strip & Lancet Technology
- High Availability of Generic Test Strips
The study considers the global glucose monitoring consumables market’s present scenario and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
KEY QUESTIONS ANSWERED
1. What is the expected growth rate of the Global Blood Glucose Monitoring Consumables Market?
2. How big is the blood glucose test strips and lancet market?
3. What is the growth of the European blood glucose monitoring consumables market?
4. Who are the key vendors in the blood glucose consumables market?
5. Which segment accounted for the most significant blood glucose monitoring devices market share in 2020?
Opportunities & Trends
- Increasing Demand for Test Strips & Lancets Due To COVID-19
- Technological Advancements in Test Strips & Lancets
- Availability of Large Number Of Generic Test Strips
- Increasing Prevalence Of Diabetes
- Increasing Vendor Focus On Recurring Revenue Through Consumables
- Availability Of Wide Range Of Blood Glucose Monitoring Devices
- High Cost of Consumables & Lack Of Health Insurance
- Presence of Large Undiagnosed Population
- Increasing use Of Unauthorized & Counterfeit Test Strips
- F. Hoffmann-La Roche
- Ascensia Diabetes Care Holding
Other Prominent Vendors
- 77 Elektronika Kft
- A. Menarini Diagnostics
- Alliance International
- B. Braun Melsungen
- BioTest Medical
- iHealth Lab
- MED TRUST
- Major BioSystem
- TaiDoc Technology
- Trividia Health
- Rossmax International
- Bioland Technology
- e-Linkcare Meditech
- Diagnosis SA
- National Diagnostics Products
For more information about this report visit https://www.researchandmarkets.com/r/hsib64
View source version on businesswire.com:https://www.businesswire.com/news/home/20210413005879/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: DIABETES HEALTH MEDICAL SUPPLIES
SOURCE: Research and Markets
Copyright Business Wire 2021.
PUB: 04/13/2021 11:31 AM/DISC: 04/13/2021 11:31 AM