Global Blood Glucose Monitoring Devices Market is valued at approximately USD 13.43 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 8.25% over the forecast period 2024-2032. Blood glucose monitoring devices are tools used to measure the concentration of glucose (sugar) in the blood. These devices are essential for managing diabetes, a condition where blood glucose levels are abnormally high. By providing real-time feedback on glucose levels, these devices help individuals maintain their blood sugar within a target range, thereby reducing the risk of complications associated with diabetes. The key trend of the Global Blood Glucose Monitoring Devices market is the growing adoption of wearable devices. Major tech companies are incorporating glucose monitoring capabilities into wearables, making it more convenient for users to monitor their blood glucose levels continuously. Also, wearable devices equipped with advanced biosensors provide accurate and continuous glucose readings, facilitating proactive diabetes management. Thus, this trend is anticipated to support market growth across the globe.

In addition, the increasing prevalence of diabetes significantly supports the growth of the Global Blood Glucose Monitoring Devices Market. As the number of persons diagnosed with diabetes grows, there will be demand for regular monitoring of blood glucose levels. This demand drives sales of both traditional blood glucose meters and advanced continuous glucose monitoring (CGM) systems. Also, growing awareness about diabetes management and the importance of regular glucose monitoring, along with government and healthcare initiatives for early diagnosis, are acting as catalyzing factors for the growth of the market. Additionally, the rising shift towards home healthcare and patient self-management of diabetes increases the demand for portable and user-friendly blood glucose monitoring devices. However, the high cost of devices and fluctuating raw material prices are expected to hinder the market growth during the forecast period 2024-2032.

The key regions considered for the Global Blood Glucose Monitoring Devices market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. In 2023, North America was the largest regional market in terms of revenue. The region boasts an extensive base of target population with a high incidence of diabetes, which is driving the demand for innovative and advanced technological blood glucose monitoring devices. Furthermore, the region's well-established healthcare infrastructure, extensive awareness of diabetes management, and favorable reimbursement policies are contributing to the demand of glucose monitoring devices at a substantial rate. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period 2024-2032.

Major market players included in this report are:
Thermo Fisher Scientific, Inc.
Abbott Laboratories
Medtronic Plc
F. Hoffmann-La Roche Ltd
Ascensia Diabetes Care Holdings AG
Dexcom, Inc.
Novo Nordisk A/S
Insulet Corporation
Ypsomed AG
Glysens Incorporated
The detailed segments and sub-segment of the market are explained below:
By Product
Self-monitoring Devices
Continuous Blood Glucose Monitoring Devices
By End-use
Hospitals
Home Care
Diagnostic Centers
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market