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Date Submitted: 08/23/2016 02:07 AM
Glucose Biosensor Market Growth & Forecasts to 2022:
Radiant Insights
The global glucose biosensor market is expected to witness a healthy and rapid growth over the forecast period
(from 2015 to 2022). The increasing diabetes rates across the globe are anticipated to the key growth driving
factor for the market. The other market growth driving factors are the rising popularity of non-invasive products,
the increased needs for early diabetes detection & diabetes awareness levels amongst people, constantly evolving
and technically better-quality products etc. The advent of technical advancements is also projected to play an
important role in increasing the product usage rates. Moreover, many companies, including big and small, are
involved in extensive
Research & Development (R&D) initiatives to develop more accurate, cost-effective, reliable, and less painful
products.
However, on the contrary, the presence of a number of other diabetes management methods, for instance, lab
methods for monitoring the blood glucose levels, is said to hamper the market growth. The global market is
divided into end-uses, applications, and regions.
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Based on on-uses, the glucose biosensor market is segregated as hospitals, home care diagnostics, and others like
research institutes, diagnostic labs, & clinical. The home care diagnostics end-use sector dominated the global
market in 2015. This sector includes the use of point-of-care-test (POCT) equipment like hand-held glucose meters.
All these POCT equipment are cost-effective and user-friendly providing quick results. In contrast, the hospital enduse sector is also said to witness a rapid growth growing at a healthy compound annual growth rate (CAGR) in the
near future.
The regions analyzed here are the Middle East & Africa (MEA), Latin America, Europe, North America, and AsiaPacific (APAC). The North America...