Blood Glucose Monitoring System Market to grow by USD 5.62 Bn by 2026, Rising demand for continuous blood glucose monitoring (CGM) devices to boost the growth between 2021-2026 - Technavio

120 Pages report segments the blood glucose monitoring system market by Product (Self-monitoring and Continuous glucose monitoring devices) and Geography (North America, Europe, Asia, and the Rest of World (ROW))

NEW YORK, Oct. 31, 2022 /PRNewswire/ -- The blood glucose monitoring system market size is expected to increase by USD 5.62 billion, at an accelerating CAGR of 9.06 % from 2021 to 2026.

The blood glucose monitoring system market witnessed maximum growth in the Product in 2020 owing to the growth of the self-monitoring of blood glucose (SMBG) segment. Similarly, North America occupied about 39% of the market share in 2020. The market growth in North America can be attributed to factors such as increased technological advances and increasing approvals by the US Food and Drug Administration (FDA) for new products. Request Free Sample Report.

The blood glucose monitoring system market growth is expected to be driven by the following factors:

• Availability of reimbursement for BGM devices
• Growing prevalence of diabetes
• An increasing number of product launches

In addition, the major trend boosting the blood glucose monitoring system market is the rising demand for continuous blood glucose monitoring (CGM) devices. By utilizing cutting-edge technologies like CGM systems, vendors in the blood glucose monitoring market have offered real-time monitoring for insulin-dependent patients. CG systems offer a number of advantages, such as reduced intrusiveness, less discomfort, real-time monitoring, and quick and precise findings.

According to Abbott figures, FreeStyle Libre users increased from 3.0 million in 2020 to 4.0 million in 2021. Only a few businesses are concentrating on noninvasive CGM research and development, and there aren't many products available in the European market yet. The growing use of CGMs and the shift in focus of industry players toward noninvasive blood monitoring systems will boost the market growth during the forecasted period. Download Free Sample Report.

The market is driven by the introduction of novel products and highly sophisticated, rapidly evolving technologies, such as insulin pumps and SMBG and CGM systems by vendors operating in the market. The market is characterized by the presence of prominent vendors such as Abbott Laboratories, ACON Laboratories Inc., ARKRAY Inc., B. Braun SE, Dexcom Inc., DiaMonTech AG, F. Hoffmann La Roche Ltd., GlySens Inc., i-SENS Inc., Indigo Diabetes NV, Intuity Medical Inc., Koninklijke Philips NV, LifeScan IP Holdings LLC, Medtronic Plc, Nipro Corp., OK Biotech Co. Ltd., which hold significant market shares. 

Additionally, vendors are also looking to expand their reach to emerging markets where there are ample growth opportunities and thereby capture the entire market. The vendors are focusing on introducing devices that are less invasive, less painful, wearable, and user-friendly to meet the unmet needs of people with diabetes.

• Abbott Laboratories: The company offers blood glucose monitoring devices under the brand name Freestyle, offering a range of features to meet the specific needs of people with diabetes. 
• Ypsomed Holding AG: The company offers blood glucose monitoring devices under the brand name Freestyle, that offer a range of features to meet the specific needs of people living with diabetes.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Sample Report.

• CAGR of the market during the forecast period
• Detailed information on factors that will assist blood glucose monitoring system market growth during the next five years
• Estimation of the blood glucose monitoring system market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the blood glucose monitoring system market across North America, Europe, Asia, and the Rest of World (ROW)
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of blood glucose monitoring system market vendors

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1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 24: Chart on Product - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 26: Chart on Comparison by Product
• Exhibit 27: Data Table on Comparison by Product

• 5.3 Self-monitoring - Market size and forecast 2021-2026
• Exhibit 28: Chart on Self-monitoring - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Self-monitoring - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Self-monitoring - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Self-monitoring - Year-over-year growth 2021-2026 (%)

• 5.4 Continuous glucose monitoring devices - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Continuous glucose monitoring devices - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Continuous glucose monitoring devices - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Continuous glucose monitoring devices - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Continuous glucose monitoring devices - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Product 
• Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 Asia - Market size and forecast 2021-2026
• Exhibit 50: Chart on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Asia - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Asia - Year-over-year growth 2021-2026 (%)

• 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
• Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)

• 7.7 US - Market size and forecast 2021-2026
• Exhibit 58: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.8 Finland - Market size and forecast 2021-2026
• Exhibit 62: Chart on Finland - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Finland - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Finland - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Finland - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Sweden - Market size and forecast 2021-2026
• Exhibit 70: Chart on Sweden - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Sweden - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Sweden - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Sweden - Year-over-year growth 2021-2026 (%)

• 7.11 India - Market size and forecast 2021-2026
• Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.12 Market opportunity by geography 
• Exhibit 78: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 79: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 80: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 81: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 82: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 83: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 84: Matrix on vendor position and classification

• 10.3 Abbott Laboratories 
• Exhibit 85: Abbott Laboratories - Overview
• Exhibit 86: Abbott Laboratories - Business segments
• Exhibit 87: Abbott Laboratories - Key news
• Exhibit 88: Abbott Laboratories - Key offerings
• Exhibit 89: Abbott Laboratories - Segment focus

• 10.4 B. Braun SE 
• Exhibit 90: B. Braun SE - Overview
• Exhibit 91: B. Braun SE - Business segments
• Exhibit 92: B. Braun SE - Key news
• Exhibit 93: B. Braun SE - Key offerings
• Exhibit 94: B. Braun SE - Segment focus

• 10.5 Dexcom Inc. 
• Exhibit 95: Dexcom Inc. - Overview
• Exhibit 96: Dexcom Inc. - Product / Service
• Exhibit 97: Dexcom Inc. - Key news
• Exhibit 98: Dexcom Inc. - Key offerings

• 10.6 F. Hoffmann La Roche Ltd. 
• Exhibit 99: F. Hoffmann La Roche Ltd. - Overview
• Exhibit 100: F. Hoffmann La Roche Ltd. - Business segments
• Exhibit 101: F. Hoffmann La Roche Ltd. - Key news
• Exhibit 102: F. Hoffmann La Roche Ltd. - Key offerings
• Exhibit 103: F. Hoffmann La Roche Ltd. - Segment focus

• 10.7 LifeScan IP Holdings LLC 
• Exhibit 104: LifeScan IP Holdings LLC - Overview
• Exhibit 105: LifeScan IP Holdings LLC - Product / Service
• Exhibit 106: LifeScan IP Holdings LLC - Key offerings

• 10.8 Medtronic Plc 
• Exhibit 107: Medtronic Plc - Overview
• Exhibit 108: Medtronic Plc - Business segments
• Exhibit 109: Medtronic Plc - Key news
• Exhibit 110: Medtronic Plc - Key offerings
• Exhibit 111: Medtronic Plc - Segment focus

• 10.9 Nipro Corp. 
• Exhibit 112: Nipro Corp. - Overview
• Exhibit 113: Nipro Corp. - Business segments
• Exhibit 114: Nipro Corp. - Key news
• Exhibit 115: Nipro Corp. - Key offerings
• Exhibit 116: Nipro Corp. - Segment focus

• 10.10 PHC Holdings Corp. 
• Exhibit 117: PHC Holdings Corp. - Overview
• Exhibit 118: PHC Holdings Corp. - Business segments
• Exhibit 119: PHC Holdings Corp. - Key offerings
• Exhibit 120: PHC Holdings Corp. - Segment focus

• 10.11 Prodigy Diabetes Care LLC 
• Exhibit 121: Prodigy Diabetes Care LLC - Overview
• Exhibit 122: Prodigy Diabetes Care LLC - Product / Service
• Exhibit 123: Prodigy Diabetes Care LLC - Key offerings

• 10.12 Ypsomed Holding AG 
• Exhibit 124: Ypsomed Holding AG - Overview
• Exhibit 125: Ypsomed Holding AG - Business segments
• Exhibit 126: Ypsomed Holding AG - Key offerings
• Exhibit 127: Ypsomed Holding AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 128: Inclusions checklist
• Exhibit 129: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 130: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 131: Research methodology
• Exhibit 132: Validation techniques employed for market sizing
• Exhibit 133: Information sources

• 11.5 List of abbreviations 
• Exhibit 134: List of abbreviations

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