Unlocking Opportunities in the Self-Monitoring Blood Glucose (SMBG) Devices Market: Key Trends, Market Growth, and Forecast Insights
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Self-Monitoring Blood Glucose (SMBG) Devices Market?
The rising prevalence of diabetes is expected to boost the growth of the self-monitoring blood glucose device market. Self-monitoring allows diabetes patients to track their blood sugar levels and adjust their treatment. The UK government reported in March 2024 that more people with diabetes are receiving recommended care and achieving target blood sugar levels. As the prevalence of diabetes rises, the demand for self-monitoring blood glucose devices is expected to grow.
Get Your Free Sample Report Now – Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6969&type=smp
#What is the Anticipated CAGR of theSelf-Monitoring Blood Glucose (SMBG) Devices Market, and What Factors Will Drive It?
The self-monitoring blood glucose (SMBG) devices market has grown strongly in recent years. It will grow from $15.23 billion in 2024 to $16.28 billion in 2025, with a compound annual growth rate (CAGR) of 6.9%. The growth is linked to the rising prevalence of diabetes, increasing healthcare awareness, the aging population, and growing healthcare spending, along with government initiatives and regulations.
The self-monitoring blood glucose (SMBG) devices market is projected to grow to $22.75 billion by 2029, with a CAGR of 8.7%. Growth is driven by the rise of home healthcare, telehealth, and e-commerce. Trends include continuous glucose monitoring (CGM), wearable devices, and AI integration for remote monitoring and mobile app connectivity.
You can Directly Purchase the Report Here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6969
What Are the Most Significant Market Trends Transforming theSelf-Monitoring Blood Glucose (SMBG) Devices Market?
In the self-monitoring blood glucose devices market, technological innovation is a significant trend. Companies in this market are focused on developing advanced products to improve their competitive position. For example, Know Labs Inc., a U.S.-based company, launched KnowU, a portable, non-invasive medical-grade glucose monitoring device that uses Bio-RFID technology. This device allows users to check their blood sugar levels on the go with a user-friendly, affordable, and convenient solution, providing an alternative to traditional, expensive blood glucose monitoring methods.
What Are the Top Market Players Propelling the Growth of theSelf-Monitoring Blood Glucose (SMBG) Devices Industry?
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.
Order Your Report Now For A Swift Delivery:
Which Primary Segments of the Self-Monitoring Blood Glucose (SMBG) Devices Market Are Driving Growth and Industry Transformations?
The self-monitoring blood glucose (SMBG) devices market 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
Gain Exclusive Market Insights—Customize Your Research Report Today for Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=6969&type=smp
Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Self-Monitoring Blood Glucose (SMBG) Devices Market?# 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.
Browse Through More Reports Similar to the Gobal Self-Monitoring Blood Glucose (SMBG) Devices Maret 2025, By The Business Research Company:
Peripheral Vascular Devices And Equipment Global Market Report 2024
Anemia And Other Blood Disorder Drugs Global Market Report 2024
Stem Cell/Cord Blood Banking Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/stem-cell-cord-blood-banking-global-market-report
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
