The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global glucose biosensors market size is expected to grow from $12.64 billion in 2022 to $14.07 billion in 2023 at a compound annual growth rate (CAGR) of 11.30%. The global glucose biosensors market size is expected to reach $21.56 billion in 2027 at a CAGR of 11.26%.

What will drive the glucose biosensors market?
The rising prevalence of diabetes is expected to propel the growth of the glucose biosensors market going forward.

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Who are the major players in the market?
Major Market Players in the glucose biosensors market include Abbott Laboratories, DexCom Inc, F. Hoffmann-La Roche AG, Sanofi S.A, GlySens Incorporated, Trividia Health, Bayer AG, LifeScan Inc, Medtronic.

Which trend is gaining popularity in the glucose biosensors marke
Wireless technology is a key trend gaining popularity in the glucose biosensors market. Major companies operating in the glucose biosensors market are focused on innovating technologically advanced products to strengthen their position in the market. For instance, in September 2020, Abbott Laboratories, a US-based medical devices and healthcare company, introduced Libre Sense, a glucose sport biosensor for continuous glucose monitoring in athletes. Libre Sense uses a small round biosensor worn on the back of the upper arm for up to 14 days to continually detect glucose levels in athletes aged 16 and up. Every minute, the user will receive streaming glucose data via Bluetooth® wireless technology, and these data are designed to operate with compatible mobile apps.

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How is the glucose biosensors market segmented?

Global Glucose Biosensors Market Segments Include:

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

The Glucose Biosensors Global Market Report 2023  provides an overview of the glucose biosensors market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The glucose biosensors market forecast analyzes glucose biosensors market size, glucose biosensors market share, leading competitor and their market positions.

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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