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What is the Future CAGR of the Glucose Biosensors Market, and How Will It Impact Industry Expansion?

The size of the glucose biosensors market has been expanding rapidly in the past few years. The market, which is set to rise from $15.26 billion in 2024 to $16.85 billion in 2025, will grow at a compound annual growth rate (CAGR) of 10.4%. This growth in the historical period is a result of advancements in research and development, cost-effectiveness, user-friendly designs, a rise in diabetes cases, compatibility with smart devices, and non-invasive monitoring methods.

In the years to come, the market size of glucose biosensors is anticipated to experience substantial growth, escalating to “$27.54 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 13.1%. The predicted growth over the forecast period can be tied back to a number of factors such as the rise in personalized healthcare services, increased incidence of diabetes, the expansion of continuous glucose monitoring, integration with wearable technology, and the advancement of non-invasive monitoring. Notable trends predicted to impact the market during the forecast period include the development of eco-friendly biosensor models, enhanced interconnectivity and data exchange, the rise of home healthcare, advancements in non-invasive monitoring methods, and the proliferation of implantable biosensors.

What Industry-Specific Factors Are Fueling the Growth of the glucose biosensors Market?

The escalating incidence of diabetes is anticipated to drive the expansion of the glucose biosensors market. Diabetes, a life-long condition, surfaces when the pancreas lacks the ability to manufacture sufficient insulin or when the body struggles to use the produced insulin effectively. To manage their blood glucose levels, individuals with diabetes employ glucose biosensors; this permits them to routinely scrutinise their blood glucose levels at their desired timing and effectively adjust their medication. In particular, the NHS England, a UK health regulatory body, pointed out in June 2024 that the number of individuals enlisted with a GP diagnosed with non-diabetic hyperglycemia, or pre-diabetes, had surged from 3,065,825 in 2022 to 3,615,330 in 2023, an approximate upsurge of 18%. As a result of this rising incidence of diabetes, the glucose biosensors market is experiencing a boost in growth.

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What Are the Top Market Players Propelling the Growth of the Glucose Biosensors Industry?

Major companies operating in the glucose biosensors market include:

• Abbott Laboratories_x000D_

• DexCom Inc._x000D_

• F. Hoffmann-La Roche AG_x000D_

• GlySens Incorporated_x000D_

• Trividia Health_x000D_

What Are the Key Trends to Watch in the Glucose Biosensors Market Over the Coming Years?

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How Are the Key Segments of the Glucose Biosensors Market Impacting Its Expansion and Revenue Streams?

The glucose biosensors market covered in this report is segmented –

1) By Product Type: Continuous Glucose Monitoring, Self-monitoring Blood Glucose, Non-invasive Glucose Monitoring

2) By Technology: Electrochemical Biosensors, Optical Biosensors, Piezoelectric Biosensors, Others Technologies

3) By End Users: Hospitals, Home Care, Diagnostic Centers and Clinics, Other End Users

Subsegments:

1) By Continuous Glucose Monitoring (CGM): Real-time CGM systems, Professional CGM systems, Integration with insulin pumps, Sensor types

2) By Self-monitoring Blood Glucose (SMBG): Glucometers, Test strips, Blood sample types

3) By Non-invasive Glucose Monitoring: Optical glucose sensors, Transdermal sensors, Wearable devices

What Regions Are Dominating the Glucose Biosensors Market Growth?

North America was the largest region in the glucose biosensors market in 2024. The regions covered in the glucose biosensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Are the Defining Aspects of the Glucose Biosensors Market Landscape?

A glucose biosensor is a device that is designed to measure glucose levels in various samples, typically in biological fluids such as blood or interstitial fluid. It is widely used in healthcare, particularly for diabetes management, as they enable convenient and frequent monitoring of blood glucose levels.

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