Blood Glucose Measurement Market: By Product Continuous Glucose Measurement Devices) By end-user Geography.  

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Blood Glucose Measurement Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Self-Glucose Measurement Devices (Blood Glucose Meter, Blood Glucose Testing Strips, Lancets, Others) Continuous Glucose Measurement Devices) By end-user (Hospitals, Diagnostic Centres, Home Settings, Others) Region.  

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Blood glucose measurement market size was valued at US$ 15.82 billion in 2023 and is projected to grow at a CAGR of 10.1% from 2024-2030. Diabetes mellitus is a group of diseases that affects blood sugar (glucose) levels in the body. Glucose is very important for health as it's a vital energy source of the cells which is helpful to build the muscles and tissues. The market is one of the sources to fuel brain activities. Diabetes is characterized by increased levels of glucose in the blood. Blood glucose measuring devices help the patients and healthcare professionals measure the glucose levels in the blood.

The market is driven by the high incidence of diabetes worldwide. According to the World Health Organisation (WHO), the prevalence of diabetes among adults about 18 years, old rose from 4.7% to 8.5% from 2012 to 2014 and diabetes is the 7th leading cause of death. In addition to these factors, the rise in advancements in technology like the evolution of continuous glucose monitoring devices are boosting the growth of the market.

Moreover, the rise in demand for portable self-glucose measuring devices, the rise in investments and activities in R&D, and funds from the government in preventing and treating diabetes are boosting the growth of blood glucose measurement devices. Frequent product recalls of glucose testing strips owing to the manufactural defects and supply of test strips which are, less differentiated products among the self-blood glucose monitors are some of the factors that are hampering the growth of blood glucose measurement devices. Due to limited facilities of reimbursement and availability of alternative treatments which include cell-based assays, identification of biomarkers and artificial pancreas and high costs of the devices are the few threats for the growth of the market.

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Global Blood Glucose Measurement Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

10.1%

Largest Market

Europe

Fastest Growing Market

North America

Blood Glucose Measurement Market Dynamics

Market players are investing heavily to innovate products in order to maintain their position in the market, acquisitions and collaborations are the key strategies are used by the market players in order to increase the market share of the companies. For example, in 2017, Abbott Laboratories entered an agreement with Bigfoot Biomedical to commercialize and develop the diabetes management systems and also a Switzerland based company Ascensia Diabetes Care entered partnership with Medtronic to develop and market the diabetes management solutions.

Global Blood Glucose Measurement Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 15.82 billion

Market CAGR

10.1%

By Product Type

Self-Glucose Measurement Devices

  • Blood Glucose Meter
  • Blood Glucose Testing Strips
  • Lancets, Others
  • Continuous Glucose Measurement Devices

By End User

  • Hospitals
  • Diagnostic Centres
  • Home Settings
  • Others

Key Features of the Report

  • The blood glucose measurement market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The blood glucose measurement market size was valued at US$ 15.82 billion in 2023

The blood glucose measurement market's key players are: Abbott Laboratories (U.S.) ARKRAY (Japan) Medtronic (U.S.) Bayer AG (Germany) Dexcom, Inc. (U.S.) Hoffmann-La Roche Ltd (Switzerland) Johnson and Johnson Services Inc. (U.S.) Terumo Medical Corporation (U.S.)

The blood glucose measurement market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

1. Executive Summary

2. Global Blood Glucose Measurement Devices Market Introduction

2.1. Global Blood Glucose Measurement Devices Market Taxonomy

2.2. Global Blood Glucose Measurement Devices Market Definitions

2.2.1. Device Type

2.2.2. End User

3. Global Blood Glucose Measurement Devices Market Dynamics

3.1. Drivers

3.2. Restraints

3.3. Opportunities/Unmet Needs of the Market

3.4. Trends

3.5. Global Blood Glucose Measurement Devices Market Dynamic Factors - Impact Analysis

4. Global Blood Glucose Measurement Devices Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030

4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)

4.3. Market Opportunity Analysis

5. Global Blood Glucose Measurement Devices Market, By Device Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

5.1. Self-Glucose Measurement Devices

5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.1.3. Market Opportunity Analysis

5.2. Continuous Glucose Measurement Devices

5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

5.2.3. Market Opportunity Analysis

6. Global Blood Glucose Measurement Devices Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

6.1. Hospitals 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.1.3. Market Opportunity Analysis

6.2. Diagnostic Centers

6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.2.3. Market Opportunity Analysis

6.3. Home Settings

6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.3.3. Market Opportunity Analysis

6.4. Others

6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

6.4.3. Market Opportunity Analysis

7. Global Blood Glucose Measurement Devices Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

7.1. North America

7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.1.3. Market Opportunity Analysis

7.2. Europe

7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.2.3. Market Opportunity Analysis

7.3. Asia-Pacific

7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.3.3. Market Opportunity Analysis

7.4. Latin America

7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.4.3. Market Opportunity Analysis

7.5. Middle East and Africa

7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)

7.5.3. Market Opportunity Analysis

7.6. Global Blood Glucose Measurement Devices Market - Opportunity Analysis Index, By Device Type, By End User, and Region, 2024 - 2030

8. North America Blood Glucose Measurement Devices Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

8.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

8.1.1. Self-Glucose Measurement Devices

8.1.1.1. Blood Glucose Meter

8.1.1.2. Blood Glucose Testing Strips

8.1.1.3. Lancets

8.1.1.4. Others

8.1.2. Continuous Glucose Measurement Devices

8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

8.2.1. Hospitals

8.2.2. Diagnostic Centres

8.2.3. Home Settings

8.2.4. Others

8.3. Country Analysis 2018 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

8.3.1. U.S.

8.3.2. Canada

8.4. North America Blood Glucose Measurement Devices Market - Opportunity Analysis Index, By Device Type, By End User, and Country, 2024 - 2030

8.5. North America Blood Glucose Measurement Devices Market Dynamics Trends

9. Europe Blood Glucose Measurement Devices Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

9.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.1.1. Self-Glucose Measurement Devices

9.1.1.1. Blood Glucose Meter

9.1.1.2. Blood Glucose Testing Strips

9.1.1.3. Lancets

9.1.1.4. Others

9.1.2. Continuous Glucose Measurement Devices

9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

9.2.1. Hospitals

9.2.2. Diagnostic Centres

9.2.3. Home Settings

9.2.4. Others

9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

9.3.1. Germany

9.3.2. UK

9.3.3. France

9.3.4. Spain

9.3.5. Italy

9.3.6. Russia

9.3.7. Poland

9.3.8. Rest of Europe

9.4. Europe Blood Glucose Measurement Devices Market - Opportunity Analysis Index, By Device Type, By End User, and Country, 2024 - 2030

9.5. Europe Blood Glucose Measurement Devices Market Dynamics Trends

10. Asia-Pacific Blood Glucose Measurement Devices Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

10.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.1.1. Self-Glucose Measurement Devices

10.1.1.1. Blood Glucose Meter

10.1.1.2. Blood Glucose Testing Strips

10.1.1.3. Lancets

10.1.1.4. Others

10.1.2. Continuous Glucose Measurement Devices

10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

10.2.1. Hospitals

10.2.2. Diagnostic Centres

10.2.3. Home Settings

10.2.4. Others

10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

10.3.1. Japan

10.3.2. China

10.3.3. India

10.3.4. ASEAN

10.3.5. Australia & New Zealand

10.3.6. Rest of Asia-Pacific

10.4. Asia-Pacific Blood Glucose Measurement Devices Market - Opportunity Analysis Index, By Device Type, By End User, and Country, 2024 - 2030

10.5. Asia-Pacific Blood Glucose Measurement Devices Market Dynamics – Trends

11. Latin America Blood Glucose Measurement Devices Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

11.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.1.1. Self-Glucose Measurement Devices

11.1.1.1. Blood Glucose Meter

11.1.1.2. Blood Glucose Testing Strips

11.1.1.3. Lancets

11.1.1.4. Others

11.1.2. Continuous Glucose Measurement Devices

11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

11.2.1. Hospitals

11.2.2. Diagnostic Centres

11.2.3. Home Settings

11.2.4. Others

11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

11.3.1. Brazil

11.3.2. Mexico

11.3.3. Argentina

11.3.4. Venezuela

11.3.5. Rest of Latin America

11.4. Latin America Blood Glucose Measurement Devices Market - Opportunity Analysis Index, By Device Type, By End User, and Country, 2024 - 2030

11.5. Latin America Blood Glucose Measurement Devices Market Dynamics Trends

12. Middle East and Africa Blood Glucose Measurement Devices Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)

12.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.1.1. Self-Glucose Measurement Devices

12.1.1.1. Blood Glucose Meter

12.1.1.2. Blood Glucose Testing Strips

12.1.1.3. Lancets

12.1.1.4. Others

12.1.2. Continuous Glucose Measurement Devices

12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)

12.2.1. Hospitals

12.2.2. Diagnostic Centres

12.2.3. Home Settings

12.2.4. Others

12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)

12.3.1. Gulf Cooperation Council (GCC) Countries

12.3.2. Israel

12.3.3. South Africa

12.3.4. Rest of MEA

12.4. MEA Blood Glucose Measurement Devices Market - Opportunity Analysis Index, By Device Type, By End User, and Country, 2024 - 2030

12.5. MEA Blood Glucose Measurement Devices Market Dynamics – Trends

13. Competition Landscape

13.1. Strategic Dashboard of Top Market Players

13.2. Company Profiles (Introduction, Financial Analysis, Product & Service Offerings, Key Developments, Strategies, and SWOT Analysis)

13.2.1. Nipro Diagnostics, Inc. (U.S.)

13.2.2. Abbott Laboratories (U.S.)

13.2.3. ARKRAY (Japan)

13.2.4. Medtronic (U.S.)

13.2.5. Bayer AG (Germany)

13.2.6. Dexcom, Inc. (U.S.)

13.2.7. F. Hoffmann-La Roche Ltd (Switzerland)

13.2.8. Johnson and Johnson Services Inc. (U.S.)

13.2.9. Terumo Medical Corporation (U.S.)

14. Research Methodology

15. Key Assumptions and Acronyms

Key Market Players

  • Abbott Laboratories (U.S.)
  • ARKRAY (Japan)
  • Medtronic (U.S.)
  • Bayer AG (Germany)
  • Dexcom, Inc. (U.S.)
  • Hoffmann-La Roche Ltd (Switzerland)
  • Johnson and Johnson Services Inc. (U.S.)
  • Terumo Medical Corporation (U.S.)

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