United States Blood Glucose Monitoring Devices Market to Grow at a Steady CAGR of 7.53% During the Forecast Period | TechSci Research

Increasing prevalence of diabetes is driving the growth in the United States blood glucose monitoring devices market in the forecast period, 2022-2026.

According to TechSci Research report, “United States Blood Glucose Monitoring Devices Market By Product (Self Blood Glucose Monitoring Devices v/s Continuous Glucose Monitoring Devices), By Application (Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital & Clinics, Others), By Region, Competition Forecast & Opportunities, 2026”, the United States blood glucose monitoring devices market stood at USD3088.16 million in 2020 and is expected to grow at a steady CAGR of 7.53% during the forecast period during the forecast period on account of growing prevalence of diabetes.

The growing prevalence of obesity and sedentary lifestyle among the population in the United States has led to an increase in the prevalence of various chronic diseases such as diabetes, cardiovascular diseases, among others in the country. This in turn has increased the demand for blood glucose monitoring devices market also. Besides, growing awareness among the population pertaining to preventive healthcare has further increased the demand for blood glucose monitoring devices.

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However, stringent regulatory policies for regulatory approvals can restrict the market growth through 2026. Also, frequent product recalls can further slowdown the market growth during the forecast period. Also, unfavorable reimbursement scenario also negatively impacts the market growth.

The United States blood glucose monitoring devices market is segmented based on product, application, end user, company, and regional distribution. Based on product, the market can be split into self blood glucose monitoring devices and continuous blood glucose monitoring devices. Self blood glucose monitoring devices segment dominated the market in 2020 with an overall market share of around 59.45% on account of their ease of use and low cost. Self blood glucose monitoring devices market can be further categorized into test strips, lancets, and glucometers. The test strips segment is expected to dominate the market during the forecast period on account of their widespread use, affordability, etc.

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Key market players in the United States Blood Glucose Monitoring Devices market include:

• Abbott Laboratories, Inc.
• Medtronic USA Inc.
• Roche Diagnostics Corporation
• Dexcom, Inc.
• B. Braun Medical Inc.
• Becton, Dickinson, and Company
• Sanofi-Aventis U.S. LLC
• Insulet Corporation
• Nipro Medical Corporation
• Terumo Medical Corporation

Major companies operating in the market are following strategies such as mergers & acquisitions, product launches, among others in order to stay competitive in the market and having an edge over other players operating in the market.

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“The United States Blood Glucose Monitoring Devices Market is expected to witness growth in the coming years on account of growing prevalence of obesity, diabetes, among others among the population across the country. Furthermore, increasing penetration of retail clinics and growing awareness related to point of care testing services will further drive the market growth through 2026.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Blood Glucose Monitoring Devices Market By Product (Self Blood Glucose Monitoring Devices v/s Continuous Glucose Monitoring Devices), By Application (Type 2 Diabetes, Type 1 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital & Clinics, Others), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of the United States blood glucose monitoring devices market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States blood glucose monitoring devices market.

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United States Blood Glucose Monitoring Devices Market to Grow at a Significant Rate through 2026 | TechSci Research

Favourable reimbursement policies and high healthcare expenditure is expected to drive the United States blood glucose monitoring devices market for the forecast period.

According to TechSci Research report, “United States Blood Glucose Monitoring Devices Market By Product Type (Self Blood Glucose Monitoring Devices v/s Continuous Glucose Monitoring Devices) By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes) By End User (Home Care Settings, Hospital, Others) By Company, By Region, Forecast & Opportunities, 2026”, The United States blood glucose monitoring devices market is expected to witness significant growth for the next five years. Diabetes is a clinical condition in which the patient has higher level of glucose in the body due to inability of pancreas to produce insulin. Blood glucose monitoring devices are necessary for proper diagnosis and treatment as these devices measure the glucose level in the body. Excess of sugar in human body is called hyperglycemia and it can cause damage the vessels which supply the blood to various part of body can increase the risk of stroke and heart disease, vision and nerve problems and kidney diseases. Hypoglycemia is a condition in which the glucose level is lower than the normal level and it cause problems within central nervous systems. Blood glucose monitoring devices can help preventing these conditions and aids in taking necessary steps for maintaining the health condition of patients. Patients can measure the glucose levels in the comfort of their homes with the help of self blood glucose monitoring devices and check the effects of the treatment of diabetes and plan accordingly the diet, exercise stress management without facing any hassle. Also, the increasing United States government initiatives to increase the awareness among consumers the benefits of diabetes preventive care are boosting the blood glucose monitoring devices market growth.

The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. Lockdown restrictions impacted the daily routine of diabetic patients such as eating patterns, physical conditions and patients indulged in adoption of sedentary lifestyle. These factors caused fluctuations in blood glucose level of patients which surged the demand for blood glucose monitoring devices.

Browse XX Figures spread through XX Pages and an in-depth TOC on "United States Blood Glucose Monitoring Devices Market”.

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United States blood glucose monitoring devices market is segmented into product type, application, end user, regional distribution, and company. Based on product type, market is further divided into self blood glucose monitoring devices and continuous glucose monitoring devices. The self blood glucose motoring devices segment is expected to dominate the market for the forecast period, 2022-2026. People measure their blood glucose levels with the help of self blood monitoring devices. This market is again fragmented into testing strips, lancets, and blood glucose meter. The testing strips segment is expected to maintain the significant share for the predicted period due to its cost-effectiveness and easy procedure for testing of blood glucose level in patient body.

Abbott Laboratories, Inc., Roche Diagnostics Corporation, Johnson & Johnson, Medtronic USA Inc., Becton, Dickinson, and Company, B. Braun Medical Inc., Nipro Medical Corporation, Dexcom, Inc., Sanofi-Aventis U.S. LLC, Eli Lilly and Company are the leading players operating in United States blood glucose monitoring devices market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several blood glucose monitoring devices manufacturers are coming up with their technologically advanced offerings.

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“High prevalence of diabetes and changing lifestyle of people in United States is a major driver for the growth of the market. High-end investments by market players for technological advancements of blood glucose monitoring devices is contributing significantly to the market growth. Consumer preference towards wireless blood glucose monitoring devices which can be connected with smart phones using Wi-Fi protocols adds to the convenience and more user-friendly interface for consumers is expected to propel the growth of the market until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Blood Glucose Monitoring Devices Market By Product Type (Self Blood Glucose Monitoring Devices v/s Continuous Glucose Monitoring Devices) By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes) By End User (Home Care Settings, Hospital, Others) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States blood glucose monitoring devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of United States blood glucose monitoring devices market.

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Global Blood Glucose Monitoring Devices Market, By Product Type (Self-Monitoring Glucose Devices and Continuous Glucose Monitoring Devices), Self-Monitoring Glucose Devices (Glucometers, Test Strips, Lancets), Continuous Glucose Monitoring Devices (Sensors, Transmitters & receivers, Integrated Insulin Pumps), By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital, Others), Forecast & Opportunities, 2026

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Blood Glucose Monitoring Devices Market to grow at 6.58% CAGR during the Forecast Period – TechSci Research

 Growing awareness towards significance of maintaining blood sugar levels is expected to drive the market growth.

According to TechSci Research report, “Global Blood Glucose Monitoring Devices Market, By Product Type (Self-Monitoring Glucose Devices and Continuous Glucose Monitoring Devices), Self-Monitoring Glucose Devices (Glucometers, Test Strips, Lancets), Continuous Glucose Monitoring Devices (Sensors, Transmitters & receivers, Integrated Insulin Pumps), By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital, Others), Forecast & Opportunities, 2026”, the global blood glucose monitoring devices market stood at USD15.93 billion in 2020 and is expected to grow at a steady CAGR of 6.58% during the forecast period. This can be ascribed to growing awareness pertaining to self-management of diabetes. Additionally, rapidly changing regulatory policies and lucrative investment policies are enabling the global players such as Abbott Laboratories, Inc., Medtronic Plc., among others to invest in the development of glucose monitoring devices. This in turn is expected to positively influence the market growth through 2026.

Browse over 122 market data Figures spread through 110 Pages and an in-depth TOC on " Global Blood Glucose Monitoring Devices Market”.

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Global blood glucose monitoring devices market has been segmented into product type, application, end user, region, and company. Based on product type, the market is bifurcated into self-monitoring glucose devices and continuous glucose monitoring devices. Glucometers, test strips, lancets fall under the category of self-monitoring glucose devices. Continuous glucose monitoring devices consists of sensors, transmitters & receivers, integrated insulin pumps. Self-monitoring glucose devices dominated the market in 2020 with a share of around 64.85% owing to their affordability and ease of use over its counterpart. However, the inconvenience caused due to sharp pain associated because of finger pricking and real-time analysis facility is expected to drive the consumer preference towards continuous glucose monitoring system in developed countries over the forecast period.

Regionally, North America is holding its dominance and is anticipated to play dominant role during the forecast period over the global blood glucose monitoring devices market. This can be ascribed to the large patient pool of diabetic population in the region. According to the Centers for Disease Control and Prevention (CDC), 10.5% of the US population suffered from diabetes in 2018.

Some of the leading players in global blood glucose monitoring devices market are Abbott Laboratories, Inc., F. Hoffmann-La Roche AG, Sanofi S.A., Dexcom Inc., Medtronic PLC, Ascensia Diabetes Care Holdings AG, Agamatrix Inc., B. Braun Melsungen AG, LifeScan, Inc., Arkay, Inc., Nipro Diagnostics, Inc., Terumo Corporation, DiamonTech GmbH, Prodigy Diabetes Care, LLC, Becton, Dickinson and Company and Insulet Corporation. In order to expand their market share, the companies adopt new product launches, collaborations, conduction of periodic sales and many more strategies. The surging requirement of the blood glucose monitoring devices due to the huge number of people suffering from chronic diseases have led the companies to introduce more advanced and user-friendly interface products which eventually increase the competition amongst themselves and give out more positive patient outcomes.

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“Global blood glucose monitoring devices market is anticipated to witness substantial growth in the next five years owing to the government initiatives such as reimbursement facility available for self-monitoring and continuous blood glucose monitoring systems in developed countries like U.S. Moreover, increasing proliferation of wireless monitoring services which provides real time analysis and continuous monitoring of blood glucose levels are further pushing the sales of blood glucose monitoring devices market.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Blood Glucose Monitoring Devices Market, By Product Type (Self-Monitoring Glucose Devices and Continuous Glucose Monitoring Devices), Self-Monitoring Glucose Devices (Glucometers, Test Strips, Lancets), Continuous Glucose Monitoring Devices (Sensors, Transmitters & receivers, Integrated Insulin Pumps), By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital, Others), Forecast & Opportunities, 2026”, has evaluated the future growth potential of global blood glucose monitoring devices market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global blood glucose monitoring devices market.

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