Research Reports

Market Overview

• The USA Glucose Monitoring Devices Market is expected to grow at a CAGR of 9.6% during the forecasting period (2020-2027).
• Glucose monitoring devices are used for measuring the blood glucose levels in the body with significant applications for the diabetic’s patients.
• Growing smart-watch based apps to view their glucose data, the emergence of needle-free devices, increasing promoting of glucose monitoring devices and developing online marketing, increasing adoption for bundled promotional marketing strategies by combining two or more products are some of the significant trends in the United States.

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Drivers and Restraints

• Changes in the consumer lifestyle such as increasing consumption of alcohol, smoking, and unhealthy food habits are leading to people with diabetes who are increasing the demand for the glucose monitoring devices.
• Growing advancements in technologies, FDA approvals for the devices are increasing the product launches by the companies which will also boost the sales of the market.
• High costs of the products
• Intense competition among the competitors
• Large inaccuracies in the devices
• Large undiagnosed population

USA Glucose Monitoring Devices Market

• The glucose monitoring devices market is segmented by Home care settings, Hospitals and diagnostic centers, and Physician Office Laboratory.
• The end user, hospital, and diagnostic centers account for the most significant market share closely followed by home care settings. The physician office laboratory is growing at a higher rate in the forecasted period due to easy access, and favorable reimbursement policies.
• Centers for Disease Control and Prevention estimates that there were around 990.8 million visits to physicians while 125.7 million visits to hospitals in 2016 with the visits to physicians growing at a faster rate.
• Medicare, the National health insurance of the United States, provides reimbursements to the patients visiting Physicians and hence the market is projected to grow at a higher rate.

USA Glucose Monitoring Devices Market

• The United States market is a highly competitive market with Roche, Lifescan, and Abbott leading the market share. There is also a large number of small companies in the market with less market share competing among themselves.
• Investments in technology, strategic collaborations to develop new products, and new product launches are some of the strategies adopted by the major players in the industry.

The scope of the report

By Product Type

• Self-Monitoring Glucose Devices
• Blood Glucose Meter
• Lancets
• Blood Glucose Testing Strips
• Others
• Continuous Glucose Monitoring Devices
• Sensors
• Insulin Pumps
• Transmitters and Receivers
• Others

Segmentation by Application

• Type 1 Diabetics
• Type 2 Diabetics
• Others

Segmentation by End User

• Home care settings
• Hospitals and diagnostic centers
• Physician Office Laboratory

The report also covers the key factors impacting the market, Porter 5 Forces, Market share analysis, Price trend analysis, Product Benchmarking, and company profiles

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