Glucose Testing Market Size, Share - Forecast to 2026
Global Glucose Testing Market Insights
The Global Glucose Testing is estimated to grow at a significant CAGR during the forecast period. The market is primarily driven by growing prevalence of diabetes and other lifestyle diseases. Growing research and development activities in the glucose testing market is further expected to boost demand for the products. Self-monitoring blood glucose devices are gaining immense popularity due to their accuracy, durability, functionality and portability. Increasing demand for home-based glucose monitoring is expected to propel market growth. Portable glucose testing devices are convenient to use, are cost-effective and provide the same results as professional laboratory tests. However, low penetration of glucose monitoring systems in emerging economies is expected to restrain growth in the glucose testing market.
Glucose Testing Market: Product Insights
The global glucose testing can be classified into analog glucose meter, lancets & lancing devices, glucose test strips, and continuous glucose monitoring devices among others. The test strips segment is estimated to hold the largest market share in terms of revenue during the forecast period. Test strips can be used only once, which leads to high quantum of them being consumed in hospitals and testing centers. The continuous monitoring devices segment is estimated to hold the second largest market share in terms of revenue.
Glucose Testing Market: Test Type Insights
Based on end user, the Global Glucose Testing can be segmented into minimally invasive and non-invasive. The invasive glucose testing segment is expected to hold the largest market share during the forecast period. Non-invasive glucose tests segment is projected to grow at the highest CAGR during the coming years owing to technological developments in the market.
Glucose Testing Market: Regional Insights
North America is estimated to dominate the market for glucose testing during the forecast period, followed by the Asia Pacific region. This growth can be attributed to growing awareness about diabetes monitoring and availability of diabetes monitoring techniques The Asia Pacific region is projected to grow at a high CAGR owing to growing prevalence of lifestyle diseases and high population in the region.
Glucose Testing Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase Glucose Testing systems over the coming years.
Glucose Testing Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Glucose Testing Market Share & Competitor Analysis
Major players in the Glucose Testing Market are Roche, DexCom, Inc., Johnson & Johnson, AstraZeneca plc, Insulet Corporation, Becton, Merck & Co., Inc., GlaxoSmithKline plc, Nova Biomedical Corporation, Dickinson & Company, Eli Lilly and Company, Lupin Limited, B. Braun Melsungen AG, Takeda Pharmaceutical Company Limited, Bayer HealthCare AG, Abbott Diabetes Care, Inc., Boehringer Ingelheim GmbH, F. Hoffmann-La Roche Ltd., Bayer AG, and Senseonics, Novartis International AG among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global glucose testing market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the glucose testing market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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