Blood Glucose Monitoring Systems Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Blood Glucose Monitoring Systems Market?
The blood glucose monitoring systems market is anticipated to grow due to the increasing number of individuals suffering from diabetes. Sedentary living conditions, improper diet, age increase, and a predisposition to genetics are leading to a surge in diabetes cases worldwide. Individuals use blood glucose monitoring systems to manage and monitor their sugar levels, thereby controlling the disease and avoiding further health issues. For example, the Australian Bureau of Statistics reported in December 2023 that 5.3% of Australians, equaling 1.3 million individuals, were diagnosed with diabetes in 2022, with prevalence rates close between males (5.8%) and females (4.9%). There has been a steady incline in diabetes occurrence, especially among the older population, reaching 18.7% in those aged 75 and above. Type 2 diabetes happens to be the most frequently occurring form, making up 87.6% of cases. The propensity towards diabetes can be accredited to factors such as being born abroad, residing in impoverished areas, and existing disabilities. Hence, the growing number of diabetic individuals will undoubtedly boost the blood glucose monitoring systems market.
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#How Does the ProjectedBlood Glucose Monitoring Systems Market Growth Compare Over the Forecast Period?
The market size of blood glucose monitoring systems has seen significant growth in the past few years. The industry is forecasted to expand from a value of $16.48 billion in 2024 to about $17.8 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. The historic period growth can be traced back to factors like a global rise in diabetes cases, enhanced awareness prompting higher usage of these monitoring systems, favorable policies for managing diabetes, greater accessibility to healthcare facilities, and better accuracy of glucose meters.
Expectations for the blood glucose monitoring systems market size show a promising surge in the coming years. The market is projected to escalate to $23.99 billion by 2029, sustaining a compound annual growth rate (CAGR) of 7.7%. The rise during the forecast period can be associated with customized treatment procedures utilizing glucose data, an increase in diabetes cases, an expanding elderly population, larger acceptance in growing regions, better connectivity and data control. Key trends in the prediction period encompass integration with wearable technology and intelligent devices, sensor technology advancements, individualized medicine, telemedicine and distant monitoring, along with improved connectivity and data stewarding.
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What Are the Key Market Innovations in theBlood Glucose Monitoring Systems Market Over the Coming Years?
Leading firms in the glucose monitoring systems market are prioritizing the creation of innovative glucose monitoring systems, such as sophisticated hybrid closed-loop systems and smartphone applications for immediate data access and management. The term ‘advanced hybrid closed-loop systems’ pertains to glucose monitoring methods that automatically deliver insulin depending on real-time glucose levels, which enhance blood sugar management for those with diabetes. For example, DexCom Inc., an American company specialized in continuous glucose monitoring systems, rolled out Dexcom ONE+ across various European countries in February 2024. The Dexcom ONE+ embodies the company’s superior sensor technology and additional features intended to offer a user-friendly and highly efficient continuous glucose monitoring (CGM) experience for people with type 1 or type 2 diabetes who depend on insulin. The system integrates a water-resistant sensor, a transmitter for conveying CGM readings, and a Dexcom One app compatible with smartphones. Dexcom ONE+ facilitates the real-time tracking of blood glucose by the individual and up to ten others, thus, permitting cooperative monitoring.
Who Are the Top Companies Driving Innovation and Growth in theBlood Glucose Monitoring Systems Market?
Major companies operating in the blood glucose monitoring systems market are F. Hoffmann-La Roche Ltd., Sanofi S.A., Medtronic plc, Novo Nordisk A/S, B. Braun Melsungen AG, Terumo India Private Limited, Dexcom Inc., SD Biosensor Co. Ltd., Arkray Inc., Abbott India Limited, Ypsomed Holding AG, LifeScan IP Holdings LLC, Ascensia Diabetes Care Holdings AG, TaiDoc Technology Corporation, Nemaura Medical Inc., Bionime GmbH, Acon Laboratories Inc., Nipro India Corporation Private Limited., Rossmax International Ltd, AgaMatrix Inc., A. Menarini Diagnostics S.r.l., Medisana GmbH, Intuity Medical Inc.
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Which Key Market Segments Comprise the Blood Glucose Monitoring Systems Market and Drive Its Revenue Growth?
The blood glucose monitoring systems market covered in this report is segmented –
1) By Type: Non-Invasive, Invasive
2) By Device Type: Continuous Glucose Monitoring Systems, Self-Monitoring Blood Glucose Systems
3) By Testing Site: Fingertip Testing, Alternate Site Testing
4) By Distribution Channel: Institutional Sales, Retail Sales
5) By Application: Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes
Subsegments:
1) By Non-Invasive: Optical Sensors, Ultrasound-Based Sensors, Bioimpedance-Based Sensors, Electromagnetic Sensors, Tear Or Saliva-Based Sensors
2) By Invasive: Continuous Glucose Monitoring (CGM) Systems, Self-Monitoring Blood Glucose (SMBG) Systems, Implantable Glucose Monitoring Devices, Flash Glucose Monitoring Systems
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Which Regions Are Emerging as Leaders in the Blood Glucose Monitoring Systems Market?
North America was the largest region in the blood glucose monitoring systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blood glucose monitoring systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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