London business wire technavio has been monitoring the blood glucose monitoring devices market and it is poised to grow by usd 15 60 billion during 2020 2024 progressing at a cagr of almost.
Blood glucose monitoring devices market.
Based on the product the blood glucose meter market segments include continuous glucose monitoring devices and self monitoring blood glucose systems.
The global blood glucose monitoring devices market size was valued at usd 10 4 billion in 2018 and is projected to exhibit a cagr of 7 1 during the forecast period.
The blood glucose monitoring device market is anticipated to reach over usd 2 61 billion by 2026 according to a new research published by the market research report.
Blood glucose monitroing system market size to cross usd 25 billion by 2024 growing at a cagr of over 9 during the forecast period.
The global self monitoring blood glucose devices market size is expected to gain market growth in the forecast period of 2020 to 2025 with a cagr of 3 2 in the forecast period of 2020 to 2025.
Key factors driving this market are rising incidence of diabetes coupled with increasing geriatric population prone to diabetes.