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Asia Pacific self-monitoring blood glucose devices market size was valued at USD 2.7 billion in 2017
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Self-Monitoring Blood Glucose Devices Market in APAC is projected to surpass $4bn by 2024: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Key Insights from Asia Pacific Self-Monitoring Blood Glucose Devices Market: • Graphical Research says, Asia Pacific Self-Monitoring Blood Glucose Devices Market to reach USD 4 billion by 2024 • Rising prevalence of obesity in highly populated countries such as India and China will be a major factor that will drive the self-monitoring blood glucose devices market during the forecast period. • Several efforts undertaken by government and other organizations to increase awareness pertaining to diabetes management will accelerate SMBG devices market growth. • Advancements in technology to develop novel glucose monitoring devices coupled with availability of portable, user-friendly and accurate SMBG devices will increase the adoption of such advanced devices. • Continuous glucose monitors segment is estimated to witness lucrative growth of 6.8% during the forecast period. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Continued... • Hospitals segment accounted for USD 1.3 billion in 2017 and is anticipated to show significant growth over the analysis timeframe. • China self-monitoring blood glucose devices market accounted for USD 743.3 million revenue in 2017 and is estimated to witness robust growth over the forecast period. • Increasing prevalence of diabetes as well as growing elderly population will augment industry growth over the analysis timeframe. • Some of the notable players operating in Asia Pacific self-monitoring blood glucose devices market include Abbott Laboratories, All Medicus, Arkray, B. Braun Melsungen AG, Bayer Healthcare, Bionime Corporation, Dexcom, F. Hoffmann-La Roche, Johnson & Johnson, LifeScan, Medtronic, Nipro Diagnostics, Nova Biomedical, Sinocare and Trividia Health. • Market players are focusing on new product development, acquisitions and mergers to broaden product portfolio as well as widen company’s customer base. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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