Self-Monitoring Blood Glucose Devices Market Outlook - Top Companies, Trends and Future Prospects Details for Business Development
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...