Report ID: SQMIG35A2338
Report ID:
SQMIG35A2338 |
Region:
Global |
Published Date: October, 2024
Pages:
242
|
Tables:
166 |
Figures:
79
Global Blood Glucose Monitoring Devices Market size was valued at USD 12.50 billion in 2022 and is poised to grow from USD 13.54 billion in 2023 to USD 23.77 billion by 2031, growing at a CAGR of 8.30% during the forecast period (2024-2031).
Blood glucose monitoring involves using a glucose metre to track and measure the total amount of glucose present in the blood. For diabetic people, it is vitally necessary. Typically, a blood glucose test is performed by pricking the finger skin to obtain blood, then transferring the blood to a disposable test strip with chemical activity. Diabetic individuals who monitor their blood sugar can make daily management choices about their diet, insulin dosage, and activity. Self-monitoring blood glucose (SMBG) is a contemporary diabetes treatment technique that involves people using blood glucose metres to promptly check their glucose levels and offer an accurate measurement of capillary glucose concentration.
Diabetes patients can benefit from blood glucose monitoring (BGM) devices in four different ways. By allowing patients and physicians to quickly diagnose acute hypoglycemia or hyperglycemia and by empowering patients with more self-care, these devices enable therapeutic changes and patient protection. The use of technology makes it easier for patients to learn about diabetes and how to manage it, and it also motivates people to develop better behaviours.
Blood glucose metres come in a wide range of shapes, costs, testing intervals, and usability. To accomplish long-term glycemic management, SMBG technology employs test strips, lancets, and blood glucose metres. It is anticipated that greater consumer awareness of diabetes monitoring devices would create important prospects for the market's expansion. Furthermore, significant prospects for the expansion of the worldwide market for self-monitoring blood glucose devices are anticipated to arise in the near future due to high growth potential in underserved markets for diabetes monitoring devices.
US Blood Glucose Monitoring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG35A2338