Get In Touch

Smart Glucose Monitors Market: Introduction

  • Monitoring of blood glucose (BG) enables people having diabetes to measure their BG level and utilize the details in therapy schedule. Popularity of self-monitoring of blood glucose systems is attributed to the analytical features of the device, particularly of the test strips, and adroitness of the user. It is essential for health care providers to instruct patients and users about the accessible technical options for the supervision of blood glucose levels and ways to control it.
  • Smartphones are installed with new applications, which monitor blood glucose level. Advanced technology devices, which are in development stage, such as Eye Sense, offer an alternative process for patients to evaluate the level of glucose without a lancet. An exterior meter determines blood glucose level with a small photometer implanted in the interject fluid beneath the conjunctive of the eye. When examining blood glucose monitoring, it is crucial to consider if an improvement in analytical exactness would lead to improved clinical findings for the patient.

Smart Glucose Monitors Market: Key Trends

  • Rise in prevalence of diabetes resulting in high demand for smart glucose monitors fuels the growth of the smart glucose monitors market during the forecast period. According to the Centers for Disease Control and Prevention, over 88 million adults in the U.S. have pre-diabetes, and more than 34 million people in the country have diabetes.
  • High adoption rate of continuous sugar surveillance systems is projected to boost the growth of the global smart glucose monitors market from 2021 to 2031. Usage of blood glucose monitoring devices has increased among health care professionals in order to observe real-time blood sugar levels, which helps in better management of diabetic population. Rise in patient awareness and concerns about blood sugar level has led to surge in number of self-monitoring blood sugar users. This is anticipated to fuel the growth of the global smart glucose monitors market.
  • Presently, the world is struggling with the COVID-19 pandemic. COVID-19 leads to pneumonia, severe & acute respiratory disorders, multiple organ failure, and, in severe cases, death. The geriatric population is more prone to COVID-19. According to a study conducted by the American Diabetes Association, diabetes and related traits could increase angiotensin-converting enzyme 2 (ACE2) (molecule may be a site of attachment of the virus responsible for COVID-19 to cells in the lung and elsewhere), which could influence susceptibility to infection (or more severe COVID-19 infection). This factor is expected to accelerate the growth of the global smart glucose monitors market during the forecast period.
  • Governments of developing countries are making significant investments to modernize health care infrastructure in their respective countries, which is likely to increase access to health care. This is projected to drive the demand for smart glucose monitors.

North America to Capture Major Share of Global Smart Glucose Monitors Market

  • North America is anticipated to dominate the global smart glucose monitors market from 2021 to 2031. This is attributed to favorable regulatory environment, rise in focus and interest in diabetes research & diagnostics, and government funding for research on life sciences. Additionally, growth of the medical device industry and presence of well-built and high-quality infrastructure for laboratory and clinical research propel the market in North America. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period due to rise in research & developmental activities, increase in government initiatives for improving health care, and surge in focus of key players in building or strengthening presence in the region.

Key Players Operating in Global Smart Glucose Monitors Market

Key players hold a major share in their respective regions. Growth strategies adopted by leading players are likely to drive the global smart glucose monitors market.

Major players operating in the global smart glucose monitors market are:

  • Novo Nordisk
  • Medtronic
  • F. Hoffmann-La Roche Ltd.
  • Abbott
  • Bayer AG
  • LifeScan IP Holdings, LLC
  • Dexcom, Inc.
  • Sanofi
  • Elly Lilly and Company
  • B Braun Melsungen AG
  • Other prominent players

Global Smart Glucose Monitors Market: Research Scope

Global Smart Glucose Monitors Market, by Product Type

  • Self-Monitoring Blood Glucose (SMBG) Systems
  • Continuous Glucose Monitoring (CGM) Systems

Global Smart Glucose Monitors Market, by Disease Type

  • Type 1 Diabetes
  • Type 2 Diabetes
  • Gestational Diabetes

Global Smart Glucose Monitors Market, by End-user

  • Hospitals
  • Private Clinics
  • Home Care
  • Others

Global Smart Glucose Monitors Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.


Smart Glucose Monitors Market

Pre Book