Self-Monitoring Blood Glucose Devices Market Will Grow CAGR Of 6.94% During The Forecast Period
The Asia-Pacific self-monitoring blood glucose devices market is expected to expand at a CAGR of 6.34% during the 2019-2024 period, owing to technological breakthroughs, rising obesity, and the increasing prevalence of diabetes.
Product Segment Insights: The testing strips segment is expected to hold the highest market share (81.64%) in 2019. Owing to the development of innovative testing strips, and a massive increase in the incidence of diabetes, this segment is expected to witness a high CAGR of 6.94% during the forecast period. The glucometers segment is expected to remain steady while generating 12% of the revenue in the Asia-Pacific market in 2019. Factors like the advantages of glucometers over regular monitoring methodologies and the production of a wide range of devices will drive this segment. However, variations in results due to external and physiological factors will lead to a comparatively low CAGR (4.95%) during the 2019-2024 period.
End User Segment Insights: The shift of medical services to decentralized surroundings like patients’ homes and the development of portable and user-friendly blood glucose monitoring devices will enable the home settings segment to expand at a CAGR of 6.82% during the 2019-2024 period. The hospitals sector will generate almost 7% of the total market revenue by 2019, and is anticipated to expand at a CAGR of 4.78% during the forecast period.
Country-wise Insights: China and India account for half of the total diabetic population in the Asia-Pacific region. Advanced medical facilities, awareness programs, and cost-effective treatments to tackle diabetes will transform this region into the fastest-growing SMBG devices market in the world. China is expected to expand at a CAGR of 6.62% during the forecast period, while healthcare initiatives and government programs in India will enable the market in the country to expand at a CAGR of 6.46%.
Companies covered: • Wockhardt • Roche Holding • Abbott Laboratories • i-SENS • Terumo Medical Request a Free Sample Copy of Self-Monitoring Blood Glucose Devices Market Report @ https://www.radiantinsights.com/research/asia-pacific-self-monitoring-blood-glucose-devices-market/request-sample
Table of Contents
Chapter 1. Executive summary 1.1. Market scope and segmentation 1.2. Key questions answered in this study 1.3. Executive summary
Chapter 2: Asia-Pacific self-monitoring blood glucose devices market - overview 2.1. Market definitions 2.2. Market overview - Historical market revenue (USD Bn) - Forecasted market revenue (USD Bn) - Country-wise market revenue (USD Bn) 2.3. Market trends 2.4. Market drivers 2.5. Market challenges 2.6. Value chain analysis 2.7. Porter’s five forces analysis
Chapter 3: Asia-Pacific self-monitoring blood glucose devices market - based on products 3.1. Testing strips - Market overview - Forecasted market segment revenue (USD Bn) 3.2. Glucometers - Market overview - Forecasted market segment revenue (USD Bn) 3.3. ‘Others’ - Market overview - Forecasted market segment revenue (USD Bn) The report “Self-Monitoring Blood Glucose Devices Market” is available now at https://www.radiantinsights.com/research/asia-pacific-self-monitoring-blood-glucose-devices-market
Chapter 4: Asia-Pacific self-monitoring blood glucose devices market - based on end users 4.1. Hospitals - Market overview - Forecasted market segment revenue (USD Bn) 4.2. Diagnostic centers and clinics - Market overview - Forecasted market segment revenue (USD Bn) 4.3. Home settings - Market overview - Forecasted market segment revenue (USD Bn)
Chapter 5: India self-monitoring blood glucose devices market 5.1. Overview - Revenue (USD Bn) - Forecasted market revenue (USD Bn) 5.2. Trends 5.3. Drivers 5.4. Challenges 5.5. Market observations based on products - Key market observations - Forecasted market revenue (USD Bn) 5.6. Market observations based on end users - Key market observations - Forecasted market revenue (USD Bn)
Chapter 6: China self-monitoring blood glucose devices market 6.1. Overview - Revenue (USD Bn) - Forecasted market revenue (USD Bn) 6.2. Trends 6.3. Drivers 6.4. Challenges 6.5. Market observations based on products - Key market observations - Forecasted market revenue (USD Bn) 6.6. Market observations based on end users - Key market observations - Forecasted market revenue (USD Bn)