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Category: Business and Industry
Date Submitted: 04/05/2016 11:12 PM
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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