Health

Blood Glucose Monitoring Consumables Market – Global Outlook and Forecast 2021-2026: Increasing Vendor Focus on Recurring Revenue Through Consumables

DUBLIN, May 12, 2021 /PRNewswire/ — The “Blood Glucose Monitoring Consumables Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Blood Monitoring Consumables Market Report.



The global blood glucose monitoring consumables market by revenue is expected to grow at a CAGR of over 13% during the period 2020-2026.



The market has witnessed significant growth due to the growing prevalence of diabetes and the increasing awareness of self-management of diabetes. The prevalence of diabetes worldwide increases at an alarming rate due to changing lifestyles, growing alcohol consumption, and increasing smokers.

However, the outbreak of the COVID-19 pandemic and the introduction of advanced test strips and lancets influence the digital diabetes management market’s growth. The increased demand for self-care/homecare devices is also contributing to the usage of BGM consumables.

With an increase in the sale of blood glucose meters, test strips, and lancets, the market offers tremendous growth opportunities for global, regional, and local vendors. Therefore, many vendors strategically focus on the development and commercial launches for regular blood glucose monitoring, which increases the demand for consumables.

INSIGHTS BY GEOGRAPHY



In 2020, North America dominated the market due to its developed healthcare infrastructure and increased awareness of diabetics among patients. The usage of CGM sensors, test strips, lancets, and lancing devices is high among patients. The impact of COVID-19 has been increased in the region, with the US accounting for the highest infection rates.

INSIGHTS BY VENDORS



Medtronic, F. Hoffmann-La Roche, LifeScan, Abbott, and Ascensia are the major global players in the blood glucose consumables market.

New product approvals/launches coupled with increased R&D activities are the major strategies implemented by vendors to expand presence, enhance market growth, and sustain the market position. Vendors are actively launching innovative devices to penetrate and tap the high growth potential of the market. Vendors are aggressively engaged in R&D activities and plan to launch several innovative products in the coming years.

For instance, Abbott, F. Hoffmann-La Roche, Medtronic, Dexcom, LifeScan, and Ascensia Diabetes Care dominate the market due to continuous product innovations and launches. Several companies are developing or commercializing products such as CGM sensors with increased lifespan, advanced test strips, lancets, and lancing devices, respectively, for continuous and self-monitoring blood glucose devices in the market.



Prominent Vendors

  • Abbott
  • F. Hoffmann-La Roche
  • Dexcom
  • Medtronic
  • Ascensia Diabetes Care Holding
  • LifeScan

Other Prominent Vendors

  • 77 Elektronika Kft
  • ARKRAY
  • A. Menarini Diagnostics
  • AgaMatrix
  • Alliance International
  • B. Braun Melsungen
  • Bionime
  • Bioptik
  • BioTest Medical
  • BTNX
  • EASYMAX
  • i-SENS
  • iHealth Lab
  • MED TRUST
  • Medisana
  • Major BioSystem
  • Sanofi
  • TaiDoc Technology
  • Terumo
  • Trividia Health
  • HMD
  • Rossmax International
  • Bioland Technology
  • e-Linkcare Meditech
  • Diagnosis SA
  • Microlife
  • Ypsomed
  • National Diagnostics Products
  • Norditalia
  • IME-DC

Key Topics Covered:



1 Research Methodology



2 Research Objectives



3 Research Process



4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of The Study



5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation



6 Market at a Glance



7 Introduction

7.1 Overview



8 Market Opportunities & Trends

8.1 Increasing Demand for Test Strips & Lancets Due To COVID-19

8.2 Technological Advancements in Test Strips & Lancets

8.3 Availability of Large Number Of Generic Test Strips



9 Market Growth Enablers

9.1 Increasing Prevalence Of Diabetes

9.2 Increasing Vendor Focus On Recurring Revenue Through Consumables

9.3 Availability Of Wide Range Of Blood Glucose Monitoring Devices



10 Market Restraints

10.1 High Cost of Consumables & Lack Of Health Insurance

10.2 Presence of Large Undiagnosed Population

10.3 Increasing use Of Unauthorized & Counterfeit Test Strips



11 Market Landscape

11.1 Market Overview

11.2 Market Size & Forecast

11.3 Five Forces Analysis



12 Product

12.1 Market Snapshot & Growth Engine

12.2 Market Overview

12.3 Test Strips

12.4 Lancets & Lancing Devices

12.5 CGM Sensors



13 Distribution Channel

13.1 Market Snapshot & Growth Engine

13.2 Market Overview

13.3 Online

13.4 Offline



14 End-User

14.1 Market Snapshot & Growth Engine

14.2 Market Overview

14.3 Individuals

14.4 Hospitals &Clinics

14.5 Others



15 Geography

15.1 Market Snapshot & Growth Engine

15.2 Geographic Overview

For more information about this report visit https://www.researchandmarkets.com/r/4masph

Media Contact:

Research and Markets

Laura Wood, Senior Manager

press@researchandmarkets.com



For E.S.T Office Hours Call +1-917-300-0470

For U.S./CAN Toll Free Call +1-800-526-8630

For GMT Office Hours Call +353-1-416-8900



U.S. Fax: 646-607-1907

Fax (outside U.S.): +353-1-481-1716

Cision View original content:http://www.prnewswire.com/news-releases/blood-glucose-monitoring-consumables-market—global-outlook-and-forecast-2021-2026-increasing-vendor-focus-on-recurring-revenue-through-consumables-301289720.html

SOURCE Research and Markets

Related Posts

1 of 848