This report was recently updated on April 17 2024 with the latest and most recent
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Global Next-Generation Glucose Monitor Market Size, Trends & Analysis - Forecasts to 2026 By Component (Diabetes Monitoring Devices, Tracking & Diagnosis Apps [iOS & Android Based], and Kit Accessories), By Application (Single-Use & Dual-Use), By End-User (Home Settings, Hospital & Other Healthcare Settings and Other End Users), By Region (Europe, North America, MEA, Asia Pacific, CSA); Vendor Landscape, Company Market Share Analysis, End-User Landscape, and Competitor Analysis
Next Generation Glucose Monitor Market Insights
The next-generation glucose monitor market will develop at a CAGR estimation of 12.5% from 2020 to 2026. The major reason for this market to a flight of growth is the increasing prevalence of diabetes not only amongst the geriatric population but also amongst the younger generation. Moreover, due to the high prevalence of the obese population and rising geriatric patients (especially in the European region) and the hard-hit of COVID-19, many of them have opted using home-based or smartphone-based glucose monitoring device to measure their daily sugar levels. Another major reason for which the market is growing exponentially is the rising awareness amongst patients for timely monitoring of overall health vital signs. Various players have entered the market by launching advanced products which can ease patient-doctor visits for diabetes routine analysis.
Unlike the portable blood glucose monitor, the smartphone operated or next-generation glucometers are equipped with a smartphone app to offer more than just the sugar levels of the patient. The product comes with a lancet, glucometer, and paid or free app service. This market has emerged well from the portable glucose monitoring device market. The trend of tracking one's blood sugar levels along with real-time treatment consultation for diabetes will propel the growth of this market.
Next Generation Glucose Monitor Market: By Component
Based on the types of components the next-generation glucose monitor market is segmented into diabetes monitoring devices, tracking & diagnosis apps, and related kit accessories. The tracking apps are available on iOS and android platforms. Based on the analysis of the players and the type of products they offer, the market can be bifurcated into third party vendors for only diabetes tracking apps and players that offer their dedicated apps along with the smart, small, handy portable monitor which needs to be plugged in the smartphone for quick analysis. Hence the tracking apps segment will be the fastest-growing segment owing to the increasing number of downloads of the apps for personal healthcare real-time tracking and personal health data management. Although as per the revenue generation is concerned, the monitoring device segment will be the largest shareholders during the forecast period.
Next Generation Glucose Monitor Market: By Application
Based on the services or application of the smartphone device for diabetes care, the market is segmented into dual-use and single-use monitors. Besides, diabetes care, some players are also offering real-time tracking of other vital signs and weight management services in their dedicated apps. Hence, considering the number of services an app offers, the market for dual-use applications will grow faster than the single-use application from 2020-2026.
Next Generation Glucose Monitor Market: By End-User
According to the consumer analysis, the market is divided into home settings, hospitals & other healthcare settings, and other end users. Because this technology has emerged to reach every patient sitting in the house, the market for home settings is ought to grow exponentially in the forecast period. However, factors such as ease of use, cost-effectiveness, and real-time monitoring have helped many hospitals adopt this technology for quick and patient-centric service.
Next Generation Glucose Monitor Market: By Region
The regional analysis study involves North America, Asia-Pacific, Europe, Middle East & Africa, & Central and South America. The Asia-Pacific region will be the prime focus of the market players as it’s a hub of opportunities. The market will grow mainly due to the rising penetration of healthcare IT in the complex medical industry, high prevalence of diabetes, and raising awareness for real-time monitoring of health. However, the North American region will still be the leading segment owing to the increasing purchasing power of the patients for such innovative devices, and rising monetary support from the government for funding start-up firms offering such services.
Next Generation Glucose Monitor Market Share and Competitor Analysis
Major companies in the market are Health Arx Technologies Pvt. Ltd., myDario, iHealth Labs, Inc., KETO-MOJO, LifeScan IP Holdings, LLC., Ascensia Diabetes Care, Glooko, Inc., Dexcom, Inc., Roche Diabetes Care, ForeCare, Inc., Apollo Sugar Diabetes Store, Informed Data Sytems Inc., and One Drop, Amanda, Health Inc., Big Foot Medical, Inc., Pops Diabetes Care, Inc., HealthifyMe, Intruity Medical, Inc., Health2Sync, myDiabby Healthcare, Symbiome, Diabnext, Diabeto Medtech India Pvt and Biosense Technology Pvt Ltd among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In December 2019, Roche received a CE Mark for the Accu-Chek SugarView app. This helped the company market its service in the European region. This app is a real-time monitoring management software for type 2 or pre-diabetic patients.
In May 2020, the company integrated AI applications in their diabetes care app for combating issues related to consultation with a real doctor/ human doctor during the pandemic period.
Related Report: Global Non-Invasive Glucose Monitor Market Size, Trends & Analysis - Forecasts to 2026
Check the Press Release on Global Next-Generation Glucose Monitor Market Report
Next-Generation Glucose Monitor Market: By Component
Next-Generation Glucose Monitor Market: By End-User
Next-Generation Glucose Monitor Market: By Application
Next-Generation Glucose Monitor Market: By Region
The global Next-Generation Glucose Monitor 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 Next-Generation Glucose Monitor 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.
![Global Next-Generation Glucose Monitor Market Size, Trends & Analysis - Forecasts to 2026 By Component (Diabetes Monitoring Devices, Tracking & Diagnosis Apps [iOS & Android Based], and Kit Accessories), By Application (Single-Use & Dual-Use), By End-User (Home Settings, Hospital & Other Healthcare Settings and Other End Users), By Region (Europe, North America, MEA, Asia Pacific, CSA); Vendor Landscape, Company Market Share Analysis, End-User Landscape, and Competitor Analysis](https://www.globalmarketestimates.com/images/cat/Healthcare.png)
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