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The blood glucose meters market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 6%, as per The Business Research Company’s market report!

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The Blood Glucose Meters Market Size In 2022 And Forecast
The global blood glucose meters market grew from $14.04 billion in 2021 to $15.57 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The blood glucose meters market is expected to grow to $20.2 billion in 2026 at a CAGR of 6.7%.

The blood glucose meters market consists of sales of blood glucose meters that are used to measure and display the amount of sugar (glucose) in the blood.

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Rise In The Prevalence Of Diabetes Is Driving The Growth Of The Blood Glucose Meters Market
According to the study by the International Diabetes Federation (IDF), there will be a 48% increase in diabetes around the world by 2045. According to the International Diabetes Federation (IDF) in 2019, nearly 4.2 million deaths were caused by diabetes.

Competitive Landscape And The Regional Analysis Of The Blood Glucose Meters Market
Major players in the blood glucose meters market are Abbott, Roche, Medtronics, Ascensia, Dexcom, Johnson & Johnson, Arkray, Acon, LifeScan, and Agamatrix Inc.

Additionally, as per TBRC’s research – North America was the largest region in the blood glucose meters market in 2021 holding the largest market share.

The Blood Glucose Meters Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the blood glucose meters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the blood glucose meters market.

Blood Glucose Meters Market Segmentation By The Business Research Company

1) By Product type: Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter

2) By End User: Hospitals, Home Care

3) By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes

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