Medical Equipment

Self-Monitoring Blood Glucose (SMBG) Devices Market Expansion to $22.35 Billion by 2029: Key Drivers and Trends

December 4, 2025 by Marketing Posting

Uncover key drivers, emerging technologies, and competitive movements shaping the self-monitoring blood glucose (smbg) devices market from 2025–2034 with trusted insights from The Business Research Company

What Is The Base Market Size For The Self-Monitoring Blood Glucose (SMBG) Devices Market Today And What Will It Reach By 2029?

The self-monitoring blood glucose (smbg) devices market has experienced robust expansion in recent years. It is projected to increase from $15.23 billion in 2024 to $16.19 billion in 2025, achieving a compound annual growth rate (CAGR) of 6.3%. The market’s growth in previous periods stemmed from factors such as a rise in the prevalence of diabetes, heightened healthcare awareness, an aging population, governmental initiatives and regulations, and an increase in healthcare spending.

The market for self-monitoring blood glucose (smbg) devices is projected to experience substantial expansion over the upcoming years. This market is anticipated to reach a valuation of $22.35 billion by 2029, expanding at a compound annual growth rate (CAGR) of 8.4%. Several factors are contributing to this growth during the forecast period, including the increasing prevalence of home healthcare, the expansion of telehealth services, an uptick in disposable income, a growing need for remote monitoring solutions, and the surge in e-commerce. Key trends expected during this period involve the integration of continuous glucose monitoring (CGM), advancements in artificial intelligence (AI) and machine learning, the development of wearable smbg devices, non-invasive monitoring techniques, and enhanced mobile app functionality with greater connectivity.

Access A Free Sample Of The Report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=6969&type=smp

What Factors Are Boosting The Self-Monitoring Blood Glucose (SMBG) Devices Market?

The increasing incidence of diabetes is anticipated to fuel the expansion of the self-monitoring blood glucose device market in the future. Self-monitoring of blood glucose involves individuals with diabetes utilizing a glycemic reading device, commonly known as a glucose meter, to check their blood sugar levels. This enables them to adjust or oversee the efficacy of their treatment regimens, such as diet, exercise, insulin, or antidiabetics, or consult their doctor based on the test outcomes. As an illustration, data from March 2024, released by the Office for Health Improvement & Disparities, a UK-based government body, indicated significant improvements. Between March 2022 and March 2023, there was a 22% increase in the proportion of people with type 1 diabetes receiving all eight recommended care processes, and a 21% increase for those with type 2 diabetes. Furthermore, the proportion reaching target HbA1c levels climbed to 37.9%, marking the highest figure ever recorded by the National Diabetes Audit (NDA). Consequently, the growing occurrence of diabetes is propelling the expansion of the self-monitoring blood glucose devices market.

How Is The Self-Monitoring Blood Glucose (SMBG) Devices Market Categorized By Application, Type, And Region?

The self-monitoring blood glucose (smbg) devicesmarket covered in this report is segmented –

1) By Product: Self-Monitoring Blood Glucose Meters, Continuous Glucose Monitors, Testing Strips, Lancets

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales, Diabetes Clinics & Centers

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

Subsegments:

1) By Self-Monitoring Blood Glucose Meters: Traditional Glucose Meters, Smart Glucose Meters

2) By Continuous Glucose Monitors (CGMs): Real-Time CGMs, Flash Glucose Monitoring Systems

3) By Testing Strips: Standard Testing Strips, Test Strips for Specific Meters

4) By Lancets: Standard Lancets, Safety Lancets

How Are Technological Trends Affecting The Self-Monitoring Blood Glucose (SMBG) Devices Market Growth?

The self-monitoring blood glucose devices market is experiencing a significant rise in the adoption of technological advancements. Leading firms within this market are prioritizing the creation of innovative, high-tech products to enhance their competitive standing. For instance, Know Labs Inc., a US company specializing in glucose monitoring device manufacturing, introduced KnowU, a new portable, medical-grade glucose monitoring device employing Bio-RFID technology. This non-invasive glucose monitoring machine features a base unit for power and display of readings, alongside a battery-powered monitor equipped with Bio-RFID sensors, enabling users to conveniently check their sugar levels while mobile. KnowU offers an economical and practical alternative to existing blood glucose monitoring devices that are often costly and cause discomfort.

Who Are The Global Leaders Steering The Self-Monitoring Blood Glucose (SMBG) Devices Market Forward?

Major companies operating in the self-monitoring blood glucose (SMBG) devices market include Abbott Laboratories, Bionime Corporation, B. Braun Melsungen AG, F. Hoffmann-La Roche Ltd, LifeScan Inc, PHC Holdings Corporation, Home Diagnostics Inc, Terumo Pharmaceutical Solutions, ARKRAY Inc, Ypsomed Holding AG, Dexcom Inc, Medtronic plc, Novo Nordisk A/S, Glysens Incorporated, Senseonics Holdings Inc., AgaMatrix Inc., All Medicus Co. Ltd., Ascensia Diabetes Care Holdings AG, Bayer AG, Becton Dickinson and Company, Bio-Rad Laboratories Inc., Bioptik Technology Inc., Cnoga Medical Ltd., ForaCare Inc., Glucovation Inc., Hainice Medical Inc., Infopia Co. Ltd., Insulet Corporation, Integrity Applications, Johnson & Johnson, Menarini Diagnostics, Nemaura Medical Inc., Nipro Corporation, Nova Biomedical Corporation, Omron Healthcare Inc., Optiscan Biomedical Corporation, OrSense Ltd., Pinnacle Technology Inc., Prodigy Diabetes Care LLC, PTS Diagnostics, TaiDoc Technology Corporation, Trividia Health Inc., WaveForm Technologies Inc.

Download The Full Report Here:

https://www.thebusinessresearchcompany.com/report/self-monitoring-blood-glucose-smbg-devices-global-market-report

Which Region Is Projected To Achieve The Fastest Growth In The Self-Monitoring Blood Glucose (SMBG) Devices Market?

North America was the largest region in the self-monitoring blood glucose (SMBG) devices market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the self-monitoring blood glucose (SMBG) devices market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Get A Report Customized For You Here:

https://www.thebusinessresearchcompany.com/customise?id=6969&type=smp

Browse Through More Reports Similar to the Global Self-Monitoring Blood Glucose (SMBG) Devices Market 2025, By The Business Research Company

Hematology Drug Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/hematology-drug-global-market-report

Peripheral Vascular Devices And Equipment Global Market Report 2025

https://www.thebusinessresearchcompany.com/report/peripheral-vascular-devices-and-equipment-global-market-report

Dialysis Devices And Equipment Market 2025

https://www.thebusinessresearchcompany.com/report/dialysis-devices-and-equipment-market

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 310-496-7795