New Analysis from Global Industry Analysts Reveals Robust Growth for Glucose Monitoring Devices, with the Market to Reach $15.4 Billion Worldwide by 2026

SAN FRANCISCO, Sept. 28, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Glucose Monitoring Devices - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 16; Released: April 2021
Executive Pool: 7791
Companies: 30 - Players covered include Abbott Diabetes Care, Inc.; ACON Laboratories, Inc.; AgaMatrix, Inc.; Alive Technologies Pty. Ltd.; ARKRAY, Inc.; Ascensia Diabetes Care Holdings AG; B. Braun Melsungen AG; Beurer GmbH; Dexcom, Inc.; GlySens Inc.; LifeScan, Inc.; Medtronic plc; Nova Biomedical Corporation; Omron Healthcare Co., Ltd.; Roche Diagnostics; Senseonics Holdings, Inc.; Terumo Corporation; Trividia Health, Inc.; Ypsomed Holding AG and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Testing Strips, Lancets, Blood Glucose Meters, Transmitters & Receivers, Sensors, Lancets); End-Use (Hospitals, Home Care, Diagnostic Centers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Glucose Monitoring Devices Market to Reach $15.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Glucose Monitoring Devices estimated at US$10.8 Billion in the year 2020, is projected to reach a revised size of US$15.4 Billion by 2026, growing at a CAGR of 5.9% over the analysis period. Testing Strips, one of the segments analyzed in the report, is projected to record a 5.3% CAGR and reach US$4.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Lancets segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.1 Billion in 2021, While China is Forecast to Reach $3.2 Billion by 2026
The Glucose Monitoring Devices market in the U.S. is estimated at US$3.1 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.2 Billion by the year 2026 trailing a CAGR of 8.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.

Blood Glucose Meters Segment to Reach US$2.7 Billion by the year 2026
In the global Blood Glucose Meters segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.