The global Glucometer Market was valued at USD 5.19 billion in 2016 and is projected to reach USD 12.52billion by 2025, growing at a CAGR of 10.28% from 2017 to 2025.
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Glucometer is an automated device and the demand for the machine is increasing due to advantages provided by the technology. The increasing cases of diabetes all over the globe amongst all age groups are a driving factor for the market growth.
1. Market Drivers
1.1 Increasing cases of diabetes in any group age
1.2 Less time consuming
1.3 User friendly
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2. Market Restraints
2.1 Error possibilities
1. Global Glucometer Market, by Product:
1.1 Glucometer Devices
1.1.1 Single Point Blood Glucose Meter,
1.1.2 Continuous Glucose Monitoring System
1.2 External Monitor
2. Global Glucometer Market, by Type:
3. Global Glucometer Market, by End User:
3.2 Ambulatory Centers
3.3 Home care settings
3.5 Diagnostic Centers
4. Global Glucometer Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Johnson & Johnson Services, Inc.
3. Bayer AG
4. F. Hoffmann-La Roche Ltd.
5. OMRON Corporation,
7. ARKRAY USA
10. B. Braun Melsungen AG
11. i-SENS. Inc.
12. TERUMO CORPORATION
13. Hainice Medical Inc.
14. Glucostratus Ltd.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Glucometer Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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