Thursday, December 8 2022

Global Blood Glucose Meters Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

The Business Research Company Global Blood Glucose Meters Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026

LONDON, GREATER LONDON, UK, March 31, 2022 /EINPresswire.com/ — The increasing prevalence of diabetes is driving the market and shaping the marketing strategy of blood glucose meters. Lifestyle changes, increased alcohol consumption, physical inactivity and unhealthy eating habits are leading to an increase in obesity worldwide. Such exponential growth in obese people leads to a sharp increase in the purchase of blood glucose meters. Due to obesity, fatty tissue releases more fat molecules into the blood, affecting insulin-reactive cells, which leads to reduced insulin sensitivity, in turn causing diabetes. According to the International Diabetes Federation (IDF) study, there will be a 48% increase in diabetes worldwide by 2045.

The Global Blood Glucose Meter Market Size is expected to grow from $14.04 billion in 2021 to $15.56 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The global blood glucose meter market share is expected to reach $22.31 billion in 2026 at a CAGR of 9.4%.

Learn more about the Global Blood Glucose Meters Market report
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North America was the largest region in the blood glucose meter market in 2021. Western Europe was the second largest region in the global blood glucose meter market. Regions covered in the Global Blood Glucose Meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The major players covered in the global blood glucose meter industry are Abbott, Roche, Medtronics, Ascensia, Dexcom, Johnson & Johnson, Arkray, Acon, LifeScan and Agamatrix Inc.

In September 2021, B. Braun Melsungen AG, a German medical device and pharmaceutical company acquired Sterinova Inc for an undisclosed amount. This acquisition of Sterinova will continue to operate as a separate subsidiary of B. Braun Melsungen AG. Sterinova Inc is a Canadian company that develops, manufactures and distributes ready-to-use sterile injectable products in syringes and premix bags.

TBRC World Blood Glucose Meters Market Segmentation is split by product type into Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter, by End User in Hospitals, Home Care, by Application in Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes.

Global Blood Glucose Meter Market Report 2022 – By Product Type (Electrode Type Blood Glucose Meter, Photoelectric Blood Glucose Meter), By End User (Hospitals, Home Care), By Application (Type 1 Diabetes, Diabetes type 2, gestational diabetes) – Market Size, Trends and Global Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides an overview of the blood glucose meter market, forecasts market size and growth Global Blood Glucose Meters Market, Blood Glucose Meters Market Segments, Geographies, Blood Glucose Meters Market Trends, Blood Glucose Meters Market Drivers, Constraints, Revenues, Profiles and Market Shares of major competitors.

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