Blood Glucose Meters Market Analysis | United States | 2017-2023 | MedCore
- Year: 2017
- Scope: 2013-2023
- Region: United States
- Pages: 57
- Published Date: 11/1/2016
- Type: MedCore
The value of the total blood glucose meter market increased in 2016 and growth is expected to continue over the forecast period. Growth will be driven by increasing unit sales of personal meters and moderated by declining unit sales of professional meters and ASP erosion in both segments. Unit sales growth of personal meters will be driven by the increasing prevalence of diabetes in the United States, which increases the number of diabetics testing their blood glucose levels.
Blood glucose meters are electronic devices that analyze a small drop of blood drawn using a lancet and lancing device. The blood is placed on a small disposable test strip that is inserted into the blood glucose meter, which reads the level of glucose in the blood. The blood glucose meter is battery-powered and fits in the palm of the hand. When the blood is placed on the strip, it flows in through capillary action. The electrochemical reaction between the test strip and the blood determines the blood glucose concentration reported as milligrams per deciliter (mg/dL) or millimoles per liter (mmol/L).
Segments Covered in This Market
- Professional Blood Glucose Meter Market
- Personal Blood Glucose Meter Market
Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope (3 Year Historical + 7 Year Forecast Period)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares
- Product Portfolios
- Related Press Releases from Top Competitors
Companies Analyzed
Of the many companies in the U.S. Blood Glucose Meter market, LifeScan was the leader, follwoed by Abbott and Roche. LifeScan offers blood glucose meters through the OneTouch® line of products and is also the current second leading worldwide competitor in blood glucose monitoring. The company has recently announced that it will be optimizing its product portfolio by focusing on its most competitive platforms. Other companies analyzed in this segment include Ascensia Diabetes Care and Trividia Heath.
About Our In-Depth MedCore Research
Our analysts meticulously research for up to 3 to 4 months to put together one suite of reports (MedSuite), which is a comprehensive analysis on a group of healthcare markets. A MedCore is one portion of that analysis that focuses on one market segment, and provides further detailed segmentation to get a much more granular set of market data.
This MedCore is also found in the full report suite titled U.S. Market Report Suite for Diabetes Monitoring, Treatment and Drug Delivery – MedSuite
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