United Kingdom Blood Glucose Monitoring Devices Market Might Be Dominated By Type 2 Diabetes
United
Kingdom Blood Glucose Monitoring Devices Market may register growth due to
increasing concern for severe diabetic conditions.
According to TechSci report on, “United Kingdom Blood Glucose Monitoring Devices Market - By
Region, Competition Forecast & Opportunities, 2027” United
Kingdom blood glucose monitoring devices market might register an impressive
CAGR during the forecast period, 2023-2027, to establish growth due to factors
like increasing instances of diabetes. Rapidly growing population that suffers
from the type 2 diabetes is a major factor that drives the growth of the United
Kingdom blood glucose monitoring devices market in the upcoming five years. Increasing
instances of diabetes among the population is actively facilitating the growth
of the market. Also, demand for non-invasive medical equipment that can
calculate and monitor blood glucose levels also supports the growth of the United
Kingdom blood glucose monitoring devices market in the next five years.
Consistent research and technological advancements in the product and its
development further aids market growth. Advancements like non-invasive,
minimally invasive nature of the products, higher accuracy of the devices, battery
powered products, mobile application based analysis and data keeping, etc.
further fuel the growth of the United Kingdom blood glucose monitoring devices
market in the future five years.
Rising
concern among the population regarding diabetes’ ill effects and anticipated
risks toward other infectious diseases, majorly among the geriatric population
who are highly susceptible to both type 1 as well as type 2 diabetes would aid
the growth of the United Kingdom blood glucose monitoring devices market in the
forecast period. Also, consumers demand to keep a regular check on their sugar
level, family histories of diabetes and general awareness toward lower
consumption of sugar would upsurge the growth of the United Kingdom blood
glucose monitoring devices market in the upcoming five years.
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The
United Kingdom blood glucose monitoring devices market is segmented by product
type, application, end user, competitional landscape, and regional
distribution. Based on product type, the market is bifurcated into self-blood
glucose monitoring devices and continuous glucose monitoring devices.
Self-blood glucose monitoring devices includes glucometers, test strips, and
lancets. Self-blood glucose monitoring devices are anticipated to hold the
largest revenue shares of the market and dominate the market segment in the
upcoming five years due to increasing demands for glucometers. Among the
sub-segments glucometers are anticipated to hold largest revenue shares due to
technological advancements. Smartphone based applications that record the data,
acts as display screen for the glucometer, and record keeping and sharing with
online platforms such that regular reports could be made to the doctors, all
aid the growth of the United Kingdom blood glucose monitoring devices market in
the next five years. Continuous glucose monitoring devices include sensors,
transmitters & receivers, and integrated insulin pumps. Continuous glucose
monitoring devices may register significant growth due to increasing demand for
the wearable monitoring devices among the population. Sensors would hold the
largest revenue among the sub-segment since the equipment requires periodic
changes and thus increasing the demand for the same.
By
application, the market is further segmented into type 1 diabetes, type 2
diabetes, and gestational diabetes. Based on end user, the market is fragmented
into home care settings, hospital, and others. The market analysis also studies
the regional segmentation to devise regional market segmentation, divided among
London, East Anglia, Southwest, Southeast, Scotland, East Midlands, and Yorkshire
& Humberside.
A
partial list of major market players of the United Kingdom blood glucose
monitoring devices market includes
·
Abbott Laboratories SA
·
Roche Diagnostics Middle East FZCO
·
Johnson & Johnson Middle East FZ-LLC
·
Medtronic Meta FZ-LLC
·
Becton, Dickinson, and Company United Kingdom
·
Nipro Middle East FZE
·
B. Braun Medical Gulf FZ-LLC
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“United Kingdom holds one of the largest healthcare industries in the
world. With rising investments and technological advancements, the market is
anticipated to grow in the future years. The consumers are well aware about
their health as well as the healthcare equipment and services available for
them. Moreover, diabetes requires lifelong supplies of pharmaceutical &
therapeutics along with the related medical devices. These factors would
support the growth of the United Kingdom blood glucose monitoring devices
market in the upcoming five years. Home care settings would generate highest
demands since regular hospital visits are not required and advanced technology
has aided the devices with easier graphic user interface such that patients can
themselves monitor their sugar levels and maintain records for future reference,”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“United
Kingdom Blood Glucose Monitoring Devices Market By Product Type (Self Blood
Glucose Monitoring Devices {Glucometers, Test Strips, Lancets} v/s Continuous
Glucose Monitoring Devices {Sensors, Transmitters & Receivers, Integrated
Insulin Pumps}), By Application (Type 1 Diabetes, Type 2 Diabetes, Gestational
Diabetes), By End User (Home Care Settings, Hospital, Others), By Region,
Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United
Kingdom blood glucose monitoring devices market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in United Kingdom blood glucose monitoring devices market.
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