Market Highlights
A number of devices for testing the glucose level in the blood are available in the market such as invasive glucose monitoring devices, continuous glucose monitoring devices (CGM), and flash glucose monitoring devices. These devices are designed according to the type of diabetes, which help to identify the blood glucose level within the specified target range and hence help you to track your diet accordingly. Growing awareness regarding the devices in developing countries has fueled the demand for these devices in Asia Pacific region.
According to the American Diabetes Association, the blood glucose levels for an adult without diabetes is below 100 mg/dl before meals and fasting, and is less than 140 mg/dl two hours after a meal.
Diabetes is one of the leading causes of premature death and disability. It can be managed effectively if it diagnosed at early stage. However, if left untreated, it can lead to various complications such as heart disease, stroke, kidney damage, and nerve damage.
The Asia Pacific Blood Glucose Monitoring Market expected to grow at a CAGR of 10% during the forecast period 2017-2021.
Regional Analysis
China dominates the Asia Pacific blood glucose monitoring market owing to well-developed technology, increasing patient population with diabetes, high health care spending, and increasing government support for research development. According to WHO, 110 million people have with diabetes in China.
India is the second leading country having a large number of diabetic patient population in Asia Pacific. According to International Diabetes Federation, over 69.1 million people in 2015 had diabetes in India. Diabetes is one of the major diseases in India. Over 50 million people have diabetes in India.
Furthermore, countries such as Japan, Australia, and the Republic of Korea are showing a considerable growth in the blood glucose monitoring market.
However, increasing awareness, and development of the treatment technology is fuelling the demand for the blood glucose monitoring devices in countries like South Korea and India.
Key Players
Some of the key the players in the market are Abbott Laboratories, Arkay, Inc., Bayer Healthcare AG, F. Hoffmann-La Roche, Goldsite Diagnostics Inc., GlySure Ltd, Sphere Medical, Dexcom, Inc., and LifeScan.
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Segmentation
The blood glucose monitoring devices market is segmented on the basis of product type, application, and end user.
On the basis of the product type, it is segmented into invasive glucose monitoring devices, continuous glucose monitoring devices (CGM), flash glucose monitoring devices, and others.
On the basis of the application, it is segmented into type 1 diabetes, type 2 diabetes, and others.
On the basis of the end user, it is segmented into diagnostic centers, hospitals, clinics, research centers, and home care diagnostics.
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