Global Glucose Meter Market is segmented on the basis of geographical location as North America, Asia Pacific, Europe, South America, and Middle East and Africa. A medical instrument that is deployed to verify the estimated concentration of glucose in the blood is known as glucose meter . The main function that the device performs is of determining and showing the quantity of sugar (glucose) present in the particular person’s blood.
In simple words, it can be defined as a band of glucose paper that is inclined into a substance and is generally measured to the glucose chart. It is also popularly known as glucometer. Initially, what actually is done, a tiny drop of blood that is attained by piercing the skin with the help of a lancet, is positioned on a disposable test belt that the meter further reads and deploys to determine the blood glucose level. It is considered as a vital element in the home blood glucose monitoring (HBGM) which is used for the people suffering with diabetes mellitus or hypoglycemia.
Factors like exercise, food, medications, and stress affect a person’s blood glucose level. With the help of a blood glucose meter, the person can keep a track of the variations that take place in the blood glucose level and control his or her diabetes much efficiently. It is said that there are various kinds of blood glucose meters that are available in the market ranging from basic models to more-advanced meters possessing special features and alternatives. The advanced features incorporate presence of large, easy-to-handle buttons, test strips, illuminated screens, and audio, that assists the people undergoing impaired vision.
Moreover, the device is quite easy to use and maintain. And as far as the accuracy level is concerned, they generally show precise measurements when employed and stored properly. The prominent factors that are raising the share of the market include rise in the diabetic population, lack of treatment facilities for the diabetes disease, increased awareness of the diabetes disease condition among the masses, changing lifestyle, rise in the standard of living, initiation of reimbursement policies by the insurers, technological advancements, innovation of non-invasive blood glucose testing techniques and availability of blood glucose meters at reasonable prices.
It has been anticipated that the Glucose Meter Market will display the highest CAGR in the next couple of years, the reason being widening scope and demand for the particular product.
As far as the geographical location is concerned, North America is lately been considered as the leader of the glucose meter market and it is simultaneously accounting for the largest share in the market, the reason being technological advancements, and augmented demand for the product across various sectors. On the contrary, Asia Pacific is also emerging as one of the promising regions in the market, owing to rising diabetic population, rise in the patient awareness via diabetes screening programs, and reduced penetration of the glucose monitoring systems.
The key participants operating in the Glucose Meter Market include Grace, Omron, Sannuo, Mendor, Beijing Yicheng, Roche, Johnson & Johnson, Arkray, Sens, Yuwell, Abbott, Lifescan, and Bayer.
Research Support Specialist, USA