Traditional Blood Glucose Monitoring Market Analysis | Europe | 2016-2022 | MedCore
- Year: 2016
- Scope: 2012-2022
- Region: Europe
- Pages: 65
- Published Date: 9/1/2016
- Type: MedCore
The European traditional blood glucose monitoring market is comprised of the blood glucose meter segment, the blood glucose test strip segment, and the lancet and lancing device segment. In 2015, the largest segment in the traditional blood glucose monitoring market was the test strip market, which represented nearly 98% of the total market value. This large proportion of market can be attributed to the business model of traditional blood glucose monitoring; meters, lancets and lancing devices are given away for free to drive sales of the test strip segment. The growing patient population of glucose testing diabetics will drive unit sales growth of test strips over the forecast period. However, growth will be limited by ASPs declines due to competitive pricing pressure and the growing popularity of alternative methods of testing glucose levels, such as continuous glucose monitoring (CGM) and flash glucose monitoring (FGM).
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