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How has the glucometer market grown in recent years?

In the past few years, the glucometer market has seen significant growth. It is projected to expand from $14.15 billion in 2024 to $15.51 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.6%. The growth observed in the historic period can be associated with factors such as insurance coverage, consumer education, the integration of the healthcare industry, and healthcare awareness initiatives.

How is the glucometer market size expected to evolve during the forecast period?

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Which key drivers are propelling the glucometer market’s growth?

The surging incidence of diabetes is propelling the glucometer market’s expansion. Diabetes is a chronic metabolic disorder marked by elevated blood glucose, or blood sugar, levels, which gradually inflict significant damage on the heart, blood vessels, eyes, kidneys, and nerves. Individuals afflicted with diabetes use glucometers to keep an eye on their blood glucose concentrations. Consequently, as diabetes rates increase among the population, so does the need for glucometers. For instance, the International Diabetes Federation, a US-based umbrella organization comprising over 230 national diabetes organizations in 170 nations, reported that around 537 million adults (20-79 years) globally had diabetes. This figure is anticipated to rise to 643 million by 2030 and 783 million by 2045. Thus, the rising prevalence of diabetes propels the glucometer market’s growth.

What are the market segments in the glucometer industry?

The glucometer market covered in this report is segmented –

1) By Product: Continuous Glucose Monitoring Devices, Self-Monitoring Blood Glucose System

2) By Technique: Invasive, Non-Invasive

3) By Distribution Channel: Institutional Sales, Hospitals, Clinics, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

Subsegments:

1) By Continuous Glucose Monitoring Devices: Real-Time CGM Systems, Flash Glucose Monitoring Systems

2) By Self-Monitoring Blood Glucose System: Blood Glucose Meters, Test Strips, Lancets

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Which leading companies are shaping the growth of the glucometer market?

Major companies operating in the glucometer market include Johnson & Johnson Services Inc., Bayer AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Medtronic plc., Arkray Inc., B Braun Melsungen AG, Omron Corporation, Terumo Corporation, Nipro Corporation, Dexcom Inc., Bionime Corporation, LifeScan Inc., NOVA Biomedical, Sinocare Inc., TaiDoc Technology Corporation, i-SENS Inc., EKF Diagnostics Holdings plc, ForaCare Inc., LabStyle Innovations Corp., Acon Laboratories Inc., Ascensia Diabetes Care Holdings AG, Omnis Health LLC, Entra Health Systems LLC, Hainice Medical Inc., PTS Diagnostics, Ypsomed AG, WaveForm Technologies Inc., Medtrum Health Inc., Cellnovo Group

What key trends are currently impacting the glucometer market’s development?

Prominent companies in the glucometer market encompass Johnson & Johnson Services Inc., Bayer AG, Abbott Laboratories, F. Hoffmann-La Roche Ltd., Medtronic plc., Arkray Inc., B Braun Melsungen AG, Omron Corporation, Terumo Corporation, Nipro Corporation, Dexcom Inc., Bionime Corporation, LifeScan Inc., NOVA Biomedical, Sinocare Inc., TaiDoc Technology Corporation, i-SENS Inc., EKF Diagnostics Holdings plc, ForaCare Inc., LabStyle Innovations Corp., Acon Laboratories Inc., Ascensia Diabetes Care Holdings AG, Omnis Health LLC, Entra Health Systems LLC, Hainice Medical Inc., PTS Diagnostics, Ypsomed AG, WaveForm Technologies Inc., Medtrum Health Inc., Cellnovo Group

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Which geographic areas are influencing the growth of the glucometer market?

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

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