Diabetes Monitors Market Overview



Diabetes monitors automatically track blood glucose levels, also called blood sugar, any time a patient needs. One can easily see glucose level anytime at a glance. The users can also review how their glucose level in the body changes over a few days or even a few hours to see the patterns. Diabetes monitoring in real time can help people make more informed decisions about their diet and other things throughout the day, week, or month and can balance physical activity, food, and medicines without having to rely on costly lab tests.

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The blood sugar levels of everyone change during the day, and particularly after eating, but these changes are important to monitor for diabetic people, as their bodies do not control blood sugar on their own. However, the pancreas normally produces insulin for individuals without diabetes to keep conditions in check. Diabetes devices take up to five minutes to calculate and individuals can set alerts to warn them if their blood sugar levels are alarmingly high or low.



The increasing occurrence of diabetes in low and middle class families residing in different countries seems to be driven by a dietary change, urbanisation, and rapidly unhealthy lifestyles. Many other factors including rising technical advances, research support for diabetes diagnosis and care, growing government approval, and increased global diabetes rate also drive growth in the future. It is projected that the demand for diabetes monitoring solutions is expected to expand at an 8.3 per cent CAGR from 2017 to 2023.



Diabetes Monitors Market Segmentation



The worldwide diabetes monitoring market is bifurcated by type, sample, component and end-users. The market is subdivided, depending on the sample, into urine samples, sweat samples, blood samples, and others. The global diabetes monitoring is categorized by type into continuous glucose monitors, point-sample test-based glucose monitors, and enzyme-free glucose-based sensor monitoring systems. the former is further subdivided into, and CGM based on reusable sensors and disposable sensor based CGM. The market is categorized as per the components as glucose check strips, lancet, and sensors. Based on end users, the global market for diabetes monitoring is segmented into diagnostic clinics, hospitals, and homes.



Diabetes Monitors Market Regional Overview



Due to the size of the patient group, a very well-developed infrastructure, higher healthcare spending, and the existence of major players, the Americas dominates the diabetes monitoring market. Europe is in second place in the market for diabetes monitors. It is anticipated that the funding provided for research & development by public authorities together with an excellently-developed tech environment would drive the demand for diabetes monitors in the European region. During the forecast period, the Asia Pacific region is expected to become the fastest growing market. However, due to the presence of weak and underdeveloped countries, particularly in the African market, the Middle East and Africa holds the smallest share in the global market.



Industry News
So far, the NHS Long Term Program has delivered diabetes monitors to thousands of people around the world, helping about 30 000 people with a type I diabetes. The sensors, that are the size of a £2 coin and made to wear on the chest, ensure that people with type I don't have to conduct several uncomfortable finger-prick tests to track their blood sugar.



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