India Glucose Monitoring Devices Market, By Product, By Application, By End User, By Region, Competition, Forecast & Opportunities, FY 2026
NEW YORK, Aug. 24, 2020 /PRNewswire/ -- India Glucose Monitoring Devices Market, By Product (Self-Monitoring Glucose Devices and Continuous Glucose Monitoring Devices), By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital, Others), By Region, Competition, Forecast & Opportunities, FY 2026
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India glucose monitoring devices market was valued at around USD 209 million in FY2020 and is forecast to grow at a CAGR of more than 10% until FY 2026.India glucose monitoring devices market is driven by growing prevalence of diabetes in the country, predominantly Type 2 diabetes.
Additionally, increasing requirement for faster and safer diagnosis of diabetes is further expected to propel the market during forecast period.Besides, rising awareness among the population regarding the treatment of diabetes is further expected to propel the market growth.
The sudden outbreak of COVID-19 pandemic has drastically increased the demand for glucose monitoring devices in the country.
India glucose monitoring devices market is segmented based on product, application, end user, and region.Based on product segmentation, the market can be fragmented into self-monitoring glucose devices and continuous glucose monitoring devices, out of which, the self-monitoring glucose devices segment dominated the market until FY 2020 and the segment is expected to maintain its leading position over the next five years as well.
This can be attributed to certain benefits it offers such as ease of use and low cost.
Major players operating in India glucose monitoring devices market include Roche Diagnostics India Pvt Ltd, Abbott India Limited, Becton Dickinson Private Limited, ARKRAY Healthcare Pvt Ltd., B Braun Medical India Pvt Ltd., Dr Morepen, Johnson & Johnson Private Limited, India Medtronic Pvt Ltd, Pulsatom Health Care Pvt Ltd, Bio-Rad laboratories India Pvt Ltd and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market.
Years considered for this report:
Historical Years: FY2016 - FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022 - FY2026
Objective of the Study:
• To analyze and estimate the market size of India glucose monitoring devices market from FY2016 to FY2020.
• To estimate and forecast the market size of India glucose monitoring devices market from FY2020 to FY2026.
• To classify and forecast India glucose monitoring devices market based on product, application, end user, and regional distribution.
• To identify dominant region or segment in the India glucose monitoring devices market.
• To identify drivers and challenges for India glucose monitoring devices market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India glucose monitoring devices market.
• To conduct pricing analysis in the India glucose monitoring devices market.
• To identify and analyze the profile of leading players operating in India glucose monitoring devices market.
• To identify key sustainable strategies adopted by market players in India glucose monitoring devices market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of glucose monitoring device manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers which could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of India glucose monitoring devices market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Glucose monitoring devices manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to glucose monitoring devices
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India glucose monitoring devices market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Market, By Product Type:
o Self-Monitoring Glucose Devices
o Continuous Glucose Monitoring Devices
• Market, By Application:
o Type 1 Diabetes
o Type 2 Diabetes
o Gestational Diabetes
• Market, By End User:
o Home Care Settings
o Hospital
o Others
• Market, By Region:
o North
o South
o East
o West
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in India glucose monitoring devices market.
Available Customizations:
With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p05953173/?utm_source=PRN
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