Glucose Biosensor Market Insights, Review and Outlook to 2022: Hexa Reports

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Glucose Biosensor Market Share, Size, Market Insights,

Trends, Market Review and Outlook, Overview And

Segment Forecasts To 2022

Global Glucose Biosensor Market is expected to reach USD 31.0 billion by 2022, according to a new

report by Grand View Research Inc. The global Glucose Biosensor Market is anticipated to witness

lucrative growth during the period of 2015 to 2022.

Some key factors attributing to the growth of this market include the increasing incidence of diabetes

across the globe, development of technologically advanced products, growing demand for minimally

and non-invasive products, patient awareness levels, and the need for early diabetes detection.

However, presence of other alternatives for management of the diabetes, such as laboratory methods is

expected to restrict market growth.

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The glucose biosensors industry by end-use is segmented on the basis of its use in hospitals, homecare

diagnostics, and others including research institutes, diagnostics, and clinical laboratories. The homecare

diagnostics Glucose Biosensor Market is projected to flourish over the forecast period. Ease-of-use,

quick results, and low costs of the tests are some aspects supporting market growth. On the other hand,

the hospital-based Glucose Biosensor Market is projected to grow at a significant CAGR of 10.3% during

the period 2015 to 2022.

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Further key findings from the study suggest:

North America led the market, in terms of value, with a share of about 37% in 2015. High disease burden

and the subsequent need to curb associated healthcare expenditure in the U.S., has resulted in this

country account for a large revenue share of the North American market in 2014. According to the

Centers of Disease Control (CDC), around 22.3 million...