The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Glucometer Global Market Report 2024, the glucometer market is expected to show promising growth in the forecast period.

Introduction: The Rapid Expansion of the Glucometer Market

• Market size surged from $13.15 billion in 2023 to $14.52 billion in 2024.
• Compound Annual Growth Rate (CAGR) of 10.4% attributed to various factors.

Anticipated Expansion: Projections for the Future

• Estimated growth to $21.98 billion in 2028 at a CAGR of 10.9%.
• Forecast drivers: rising diabetes prevalence, healthcare infrastructure expenditure, growing geriatric population.

Trends Shaping the Future

• Artificial intelligence in healthcare.
• Remote monitoring and telehealth.
• Advancements in technology.
• Increasing collaboration.

Rising Diabetes Prevalence Drives Growth In The Glucometer Market

• Diabetes prevalence is increasing globally.
• Glucometers are essential for monitoring blood glucose levels in diabetic individuals.
• International Diabetes Federation reports a significant rise in diabetes cases, driving demand for glucometers.

View More On The Glucometer Market Report 2024 – https://www.thebusinessresearchcompany.com/report/glucometer-global-market-report

Product Innovations Drive Advancements In The Glucometer Market

• Major companies introduce innovative glucometer products.
• Roche introduces a portable Cobas pulse device with unique features like touchscreen and automated test strip reader.
• Product innovation sustains market competitiveness and enhances user experience.

Sorrento Strengthens Portfolio With Acquisition Of Virex Health In The Glucometer Market

• Sorrento acquires Virex Health, enhancing its glucometer technology portfolio.
• Virex Health’s patented technology detects biological analytes with high sensitivity, including SARS-CoV-2 and liver cancer indicators.
• Acquisition expands Sorrento’s capabilities in developing advanced glucometer solutions.

Market Segmentation

• By Product: Continuous Glucose Monitoring Devices, Self-Monitoring Blood Glucose System.
• By Technique: Invasive, Non-Invasive.
• By Distribution Channel: Institutional Sales, Hospitals, Clinics, Retail Sales, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.

Regional Analysis: North America Leading the Charge

• North America emerged as the largest region in the glucometer market in 2023.

Conclusion: Revolutionizing Diabetes Management

• The glucometer market plays a crucial role in diabetes management and healthcare.
• With rising diabetes prevalence and technological advancements, glucometers are becoming more accessible and efficient.
• Continued innovation and strategic partnerships are driving market growth, paving the way for better diabetes care and improved patient outcomes.

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