Medical Devices Industry News

The value of the worldwide self-monitoring blood glucose devices market was calculated to be $13.2 billion in terms of revenue in 2017, and it is expected to progress at a 5.9% CAGR during the forecast period (2018–2023). The factors driving the market growth are surge in the geriatric population, increasing prevalence of diabetes, technological advancements, rise in obese population, increase in awareness about diabetic care, and favorable health insurance and reimbursement scenario. Self-monitoring blood glucose (SMBG) devices are portable systems that enable people to measure their glucose concentration using a blood sample obtained via a finger prick. For proper understanding of the growth of the self-monitoring blood glucose devices market , P&S Intelligence has segment it by type, application, and region. On the basis of type, the SMBG market is further categorized into glucose meters, lancets, strips, and others. Among all, strips were preferred by consumers in 2017, contr...

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...