Global Blood Glucose Monitoring Devices Market Blood Glucose Test Strips held the maximum share i | Page 2

Download Sample Brochure : https://www.gmiresearch.com/sample-research-
report.php?rid=140
Blood glucose test strip is expected to dominate the global blood glucose monitoring
devices market during the forecast period. In 2017, continuous blood glucose
monitoring system held more than one-third of the market share and is anticipated to
witness the fastest growth in the coming years on the back of growing adoption
among healthcare professionals and patients due to its characteristics of high
stability and advanced properties.
Technological advancement in diabetes device industry and increasing research &
developments are likely to steer the growth of global blood glucose monitoring
devices market in near future. Glucose meters and continuous glucose measuring
devices are emerging device technologies in the global blood glucose monitoring
devices market.
“To maintain their leadership in the competitive blood glucose monitoring devices
market, companies are consistently focussing on research & development. For
instance, in April, 2017, Abbott introduced next generation widely used Flash
Glucose Monitoring System for the diabetes patients around the globe. The blood
glucose monitoring devices market is witnessing significant growth in Asia-Pacific
due to the increase in diabetes prevalence in the region, specifically, in the
countries, such as China and India.”—-GMI Research
In 2017, Asia-Pacific dominated the market in terms of market share on account of
the large patient pool, high volume of homecare setting procedures and growth in
medical tourism. However, Europe is third largest market and the market is
expected to grow at a moderate rate. As the incidence of diabetes is on the rise,
governments across the world are spending more on prevention and care of
diabetes.