Technological Advancements In Self-Monitoring Blood Glucose Devices And Growing Health Insurance And Reimbursements Policies Worldwide

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The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
Based on type, the strips segment had the largest market in the global SMBG devices market in 2014; and it is expected to witness the fastest growth with 5.7% CAGR during 2015 – 2022.
Browse Report Description with Detailed TOC on “SMBG Devices Market” at: https://www.psmarketresearch.com/market-analysis/self-monitoring-blood-glucose-market
Aging population acts as a major growth driver for the global SMBG devices market, as old age is associated with loss of mobility, low fluid intake, poor food intake, and sleep disturbances. In addition, with aging the body of a person becomes weak and susceptible to various other illnesses, thus leading to consumption of drugs affecting the digesting system resulting in diabetes. This fuels the demand for self-monitoring blood glucose devices market.
However, the product recall and availability of continuous glucose monitors to diagnose and monitor the glucose levels in diabetes patients hampers the growth of the global SMBG devices market. The Asian market is expected to witness fastest growth, with a CAGR of 6.2% during 2015 – 2022.
The key companies operating in the global self-monitoring blood glucose devices market include Medtronic Inc., Abbott Laboratories Inc., Hoffmann-La Roche Ltd., Bayer AG , Life Scan Inc.(J&J), B. Braun Melsungen AG, Nipro Diagnostics Inc., Arkray Devices, Nova Biomedical, and Bionime corporation.
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