Discover trends, market shifts, and competitive outlooks for the blood glucose meters industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Are the Projected Market Size and Growth Rates for the Blood Glucose Meters Market From 2025 To 2029?

The market size for blood glucose meters has seen a robust expansion in the past few years. The market, which will be worth $14.64 billion in 2024, is expected to increase to $16.5 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.7%. The notable growth during the historic period can be credited to factors such as an increase in the number of diabetes patients, heightened awareness about diabetes control, rise in the number of elderly people, trends in home healthcare, policies regarding insurance coverage and reimbursement, and empowerment of patients.

In the ensuing years, the market size for blood glucose meters is projected to experience swift expansion, ballooning to $25.86 billion by 2029 with an 11.9% Compound Annual Growth Rate (CAGR). This upward trend during the forecast period can be ascribed to factors such as the incorporation of continuous glucose monitoring (CGM), smartphone interoperability, application of artificial intelligence (AI), emphasis on wearable technology, and remote patient supervision. Predominant trends for the anticipated period consist of technological upgrades in monitoring gadgets, amalgamation of continuous glucose monitoring (CGM), compatibility with smartphones, miniaturization for easy portability, data analytics for precise insights, and remote healthcare monitoring through telehealth.

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What Are the Primary Drivers Supporting the Market Growth of the Blood Glucose Meters Market?

The escalating numbers of diabetes cases are propelling the blood glucose meters market. Factors such as a shift in lifestyle habits, enhanced intake of alcohol, sedentary behaviors, and poor eating patterns contribute significantly towards global obesity rates. This drastic surge in obesity in turn directly influences the sales of blood glucose meters. Obesity causes fat cells to release excess fat molecules into the bloodstream, impacting insulin-sensitive cells, thus reducing insulin sensitivity and producing diabetes. In a pertinent example, the National Health Service (NHS), an American public health department, made great strides in improving access to sophisticated blood glucose monitoring technology in December 2022. By the conclusion of the year, about 200,000 diabetic patients had obtained continuous glucose monitoring (CGM) devices. This progress symbolized a substantial increase, providing much-needed benefits to type 1 diabetes patients, who gained improved instruments for handling their illness effectively.

Which Primary Segments of the Blood Glucose Meters Market Are Driving Growth and Industry Transformations?

The blood glucose meters market covered in this report is segmented –

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

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

3) By End User: Hospitals, Home Care

Subsegments:

1) By Electrode Type Blood Glucose Meter: Strip-based Meters, Continuous Glucose Monitors (CGMs)

2) By Photoelectric Blood Glucose Meter: Reflectance Meters, Fluorescence Meters

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Which Regions Are Key Players in the Growth of the #What Are the Primary Drivers Supporting the Market Growth of the Blood Glucose Meters Market?# Market?

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

What Are the Most Significant Market Trends in the Blood Glucose Meters Market?

One significant trend emerging in the blood glucose meters market is the introduction of new products. Companies in this domain are aiming to enhance their product range and consolidate their position within the market by launching innovative items. For instance, Roche, a healthcare corporation based in Switzerland, introduced a novel point-of-care blood glucose monitor specifically designed for healthcare professionals in hospitals in January 2022. The device comes with a companion gadget resembling a touchscreen smartphone, equipped with proprietary apps. Glytec, a US insulin management software firm, provided the software for this device, with the Glucommander insulin dosage program focused on facilitating the intricate process of maintaining a patient’s blood sugar levels during their stay in the hospital.

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What Parameters Are Used to Define the Blood Glucose Meters Market?

Blood glucose meters are devices that are used to measure and display the amount of sugar (glucose) in the blood.

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