Research on Global Markets has announced the addition of a new report titled “Global Self-monitoring Blood Glucose Devices Market (2018-2023)”. The self-monitoring blood glucose devices market comprises mainly of glucometers, testing strips and other product segments such as lancets and lancing devices.

The report takes into account various factors that has been affecting the growth of the market like the increase in the geriatric population, high prevalence of diabetes due to sedentary and unhealthy lifestyle, poor diet of the people, lack of physical activity. According to the report published by Research on Global Markets, the self-monitoring blood glucose devices market is estimated to expand a CAGR of 4.8% till 2023.

The self-monitoring blood glucose devices market is segmented into testing strips, glucometer and other products based on product type. As mentioned in the report, the testing strip segment contributed to the highest market share of almost 78.8% in 2018 due to the growing awareness among diabetic patients and the economical price point of the glucometers. The glucometers segment contributed to the second largest share of about 16.1% owing to the kind of convenience and the quick results it provides.

The market is segmented into hospitals, home settings and diagnostic centres and clinics, based on end user type. The report mentions that the highest contributor to the market in 2018 is the home settings segment contributing to almost 86.7% of the market share.
Research on Global Markets track the performance of the Global Self-monitoring Blood Glucose Devices Market across the key geographies of North America, Asia-Pacific, Latin America, Europe and the Middle-East. As per the Self-monitoring Blood Glucose Devices Market Analysis, North America accounted for the highest market share in the market.

Additionally, the report tracks the performance of some of the key players in the market which includes companies like Roche Holding AG, LifeScan, Inc., Abbott Laboratories, Ypsomed AG, B. Braun Melsungen AG, Ascensia Diabetes Care, DiaMonTech, Nemaura Medical Inc., Noviosense BV.

Business Insights of the report:

• The report provides an overview of the self-monitoring blood glucose devices market all over the world.
• It also includes a proper analysis of the market and its segments (on the basis of product-type and on the basis of end user type.
• It additionally includes a detailed analysis of the global market drivers and the challenges that the self-monitoring glucose device market face.
• The report includes an analysis of the competitive landscape and profiles of the major players operating in the space.
• It also includes in detail the market share of the key players of the companies, which helps in determining the best-suited investments and strategic alliances for new business owners.

The report has been formulated to help businesses or individuals obtain a general idea about the growth of the self-monitoring glucose device market in the world and develop market strategies accordingly. Furthermore, it allows them to get a broader look at the challenges and prospects of the market and enables them to identify the competition and take calculated risks beneficial to the business.

For More Information On This Report, Please Visit @ https://www.researchonglobalmarkets.com/global-self-monitoring-blood-glucose-devices-market-2018-2023.html

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