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Blood Glucose Monitoring System, Global Market and Forecast To 2027

The global blood glucose monitoring system market is growing at 9.7% CAGR owing to the increased adoption of monitoring devices by the type-2 diabetic population. The rising diabetic population, obesity, technological innovations, and advancement will propel the growth of the global blood glucose monitoring system market. There will be continuous monitoring and help in detecting hypo and hyperglycemic conditions resulting in the growth of the blood glucose monitoring system market.<br>

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Blood Glucose Monitoring System, Global Market and Forecast To 2027

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  1. Blood Glucose Monitoring System Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Blood Glucose Monitoring System Market The global blood glucose monitoring system market is growing at 9.7% CAGR owing to the increased adoption of monitoring devices by the type-2 diabetic population. The rising diabetic population, obesity, technological innovations, and advancement will propel the growth of the global blood glucose monitoring system market. There will be continuous monitoring and help in detecting hypo and hyperglycemic conditions resulting in the growth of the blood glucose monitoring system market. According to International Diabetes Federation (IDF) in 2020, approximately 463 million adults were having diabetes and out of it 10% of diabetic patients are suffering from type 1 diabetes and 90% are suffering from type 2 diabetes. Furthermore, the favorable reimbursement policies to have self-monitor blood glucose (SMBG) and continuous glucose monitor systems (CGM) will lead to the adoption of these devices and bolster the growth in the blood glucose monitoring system market.

  4. Blood Glucose Monitoring System Market The COVID-19 pandemic has a positive impact on the blood glucose monitoring system market as there is a raising need for home use monitoring devices to manage the blood glucose levels of diabetic patients. For instance, Abbott's revenue has increased by 59.3% during the first quarter of 2020 owing to the people purchasing glucose monitoring device FreeStyleLibre. Based on the product, the continuous blood glucose monitoring system is anticipated to have a significant growth owing to the frequent blood sugar reading. The continuous blood glucose monitoring system is sub-divided into sensors, insulin pumps, and transmitter and receiver. Based on end-user, the home care setting is anticipated to have substantial growth it has revolutionized self-monitoring of blood glucose and is a widely adopted method for short-term glucose monitoring globally.

  5. Blood Glucose Monitoring System Market North America dominates the blood glucose monitoring system market owing to the rising prominence of obesity, technological development, and novel product launch in the region. The favorable reimbursement policies and raising awareness of developed diabetic care solutions among individuals and healthcare providers will propel the growth in the region. F. Hoffmann-La Roche has launched Accu-Chek Instant System and connect directly with the app mySugr and provides real-time data of blood glucose level. Ascensia Diabetes Care took a distribution in Germany, Switzerland, Italy, Spain, Netherlands, and Poland of EVERSENSE XL of Senseonics, Inc. and further expand it in the European market. The prominent players in the blood glucose monitoring system industry are Abbott Laboratories, B. Braun Melsungen, F. Hoffmann-La Roche, Ypsomed, Lifescan, Medtronic, Ascensia Diabetes Care, Dexcom, Nipro, and Sanofi.

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