Wearable Glucometers Market

Wearable Glucometers Market: Global Industry Analysis 2015-2019 and Opportunity Assessment 2020-2030

Market Overview

Modern lifestyle and obesity are triggering a rise in the number of diabetic cases which has led to the growth of the wearable glucometers market. The complex process of diabetes supervision often needs an effective approach to help control blood sugar level.

The diabetes epidemic is creating many opportunities to develop devices that can automatically monitor blood glucose and deliver insulin doses. The major trend is developing wearable glucometers.

The continuous glucose monitoring device has been the most popular type of wearable devices in the market uptill now. Wearable glucometers not only measure the blood glucose level, but also detect the condition ahead of time.

Wearable glucometershas eased the management of blood sugar level testing. Patients can easily know their blood glucose levels. It sticks to the skin to continuously monitor blood sugar level 24/7.

Pandemic coronavirus has caused a disturbance in almost all the industries. The novel coronavirus has also affected the wearable glucometers market.

It has been observed that people with diabetes are more vulnerable to coronavirus disease, it has led to an increase in the demand to manage diabetes disorder which in turn is developing opportunities for wearable glucometers market.

Wearable Glucometers Market: Drivers and Restraints-

Increasing prevalence ofdiabetic and obesity patients is expected to drive the wearable glucometers market.The rise in the number of diabetic cases is due to an unhealthy lifestyle, excess alcohol consumption, poor diet and also lack of physical exercise. 

Increasing awareness about glucose monitoring among the people is expected to drive the growth of the wearable glucometers market.The increasing number of wearable glucometers device users is expected to drive the wearable glucometers market.

However, wearable glucometers market also face loses due to the manufacturing defect in the devices. Poor access and quality and low levels of digitalization have negative impact on wearable glucometers market.

Wearable glucometersMarket: Overview

Based on the product type,Smart watches segment is growing and is expected to be the most popular device in the wearable glucometers market followed by wristbands. Based on the application, diabetes treatment is expected to have the largest share of wearable glucometers market.

Based on the end user, home care settings are expected to be the most profitable segment in the global wearable glucometers market.Over the last several decades, the management of diabetes has improved.

The market for wearable glucometers is getting more crowded as technologies advance and gain wider acceptance. Researchers are putting efforts to lower the risks of proven diabetic diseases such as blindness, kidney failure, strokes and heart attacks.

This would help to bring out the incidence as well as the mortality associated with diabetes. Many companies are focusing to make contact lenses embedded with a small chip that can monitor blood glucose level in tears.

Wearable Glucometers Market: Region-wise Outlook

North America and Europe are expected to dominate the global wearable glucometers market, owing to the prominent technological advancements, innovations. High prevalence rates of diabetic and obese patients diagnosing and treatment is expected to increase the growth of the wearable glucometers marketin these regions.

Increase in healthcare expenditure and also increasing prevalence of obesity in the developing region like Asia-Pacific is expected to further push the global wearable glucometers market growth for over the forecast period.

Wearable Glucometers Market: Key Market Participants

Some of the market participants in the global wearable glucometers market identified across the value chain include:

  • Dexcom, Inc. 
  • Abbott Laboratories
  • Bayer AG
  • Johnson and Johnson
  • Medtronic plc. 
  • DiaMon Tech GmbH
  • F.Hoffman-La Roche AG
  • Terumo Corporation
  • Sanofi S.A, Ascensia Diabetes Care 

The report covers exhaust analysis on:

  • Wearable glucometers Market Segments
  • Wearable glucometers Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (India, ASEAN, Australia & New Zealand)
  • China
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Pandemic coronavirus has caused a disturbance in almost all the industries.The novel coronavirus has also affected the wearable glucometers market.

It has been observed that people with diabetes are more vulnerable to coronavirus disease, it has led to an increase in the demand to manage diabetes disorder which in turn is developing opportunities for wearable glucometers market.

Report Highlights:

  • Detailed overview of parent market
  • Changing Intestinal pseudo-obstruction market dynamics in the industry
  • Wearable glucometers-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Wearable glucometersrecent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Wearable Glucometers Market: Segmentation

By Product type:

  • Smartwatches
  • Wristbands
  • Skin Patches
  • Smart Shoes And Socks
  • Contact Lenses

By Application:

  • Diabetes and Blood Glucose Tracking
  • Obesity and Diet Management

By theend user:

  • Hospitals
  • Specialty Clinics
  • Long-term Care Centers
  • Home Care Settings
  • Others

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