Glucose Monitoring Devices Market Forecast - Opportunities, Trends and Challenges to 2020

Glucose Monitoring Devices Market Current Trends, Size, Share, Industry

Analysis, Competitive Intelligence, Growth, Opportunities and Forecasts to

2006 – 2020

The glucose monitoring devices market is one of the fastest-growing markets. The global market

for glucose monitoring devices is projected to reach $ 14 billion over the forecast period,

growing at a healthy compound annual growth rate (CAGR) of 6 percent. The key aspects

driving the global glucose monitoring devices market include the increasing occurrences of

diabetes across the globe, progressively improving understanding about the advantages of regular

glucose monitoring and the availability of highly developed solutions for regular glucose

monitoring, based on various technologies like Continuous Glucose Monitoring (CGM), that

boost the effectiveness of the glucose monitoring testing procedures. However, due to the lack of

knowledge about using highly developed glucose monitoring technologies, as well as the higher

costs, the global glucose monitoring devices market could face a challenge. The market is further

categorized by applications and regions.

Based on the end-use industries, the global market for glucose monitoring devices is divided into

three application segments namely private clinics, hospitals, and self-based glucose testing. The

hospitals segment accounted for the maximum market share in 2014 and it is expected that the

self-based glucose testing segment will acquire the maximum market share in the near future

eventually generating maximum revenue. On the basis of analysis, the global glucose monitoring

devices market is divided into quantitative & qualitative tests. One of the most regular qualitative

tests used for testing blood glucose levels is the Benedict test. Some other such quantitative &

qualitative tests include Osazone test, Barfoed’s test, and others.

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