United Kingdom Glucometers Market to be dominated by Wearable Devices till 2027

The growing geriatric population and rise in popularity of non-invasive devices are expected to drive the demand for the United Kingdom glucometers market throughout the forecast period.

According to TechSci Research report, “United Kingdom Glucometers Market By Region, Competition Forecast & Opportunities, 2027”, the United Kingdom glucometers market is expected to witness robust growth in the forecast period. A glucometer is a small and portable device that allows the patient to check his blood sugars in the comfort of their home. Glucometers are also known as glucose meters that can tell in seconds if blood sugar is too low, too high, or on target. Rapidly changing lifestyles and growing requirements for a faster and safer diagnosis of diabetes are driving the demand for the United Kingdom glucometers market. Also, the early detection of hypo and hyperglycemic diabetes and technological advancements and product launches further support the market demand over the next five years.

However, the high cost of research and development activities and stringent regulatory approvals may restrain the growth of the United Kingdom glucometers market in the forecast period.

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United Kingdom glucometers market is segmented into product type, technique, type, distribution channel, end user, regional distribution, and competitive landscape.

Based on product type, the market is divided into self glucose monitoring glucometers and continuous glucose monitoring glucometers. Self glucose monitoring glucometers are expected to hold the largest market share in the forecast period. The use of monitoring devices is based on diabetes, which varies from patient to patient. Type 1 diabetic patients need to check their blood glucose at regular intervals and adjust the insulin levels that they need to take accordingly. If the patients use test strips every time to test blood glucose, the average expenditure is very high, hindering the segment growth in the forecast period.

Based on technique, the market is bifurcated into invasive and non-invasive. The invasive segment is expected to capture the highest market share over the next five years as these devices are readily available and the most common diabetes monitoring device. Insulin pens are the most used devices to administer insulin in the human body. Insulin syringes can administer precise insulin doses, which is also one of the major reasons for their high demand among the patients.

Based on type, the market is bifurcated into wearable and non-wearable. Wearable devices are expected to witness the fastest incremental growth over the next five years. They are easy to carry, allowing the patients to check their blood glucose levels. Wearable devices are light in weight and are highly accurate, which further fuels their high demand.

Based on distribution channel, the market is divided into hospital pharmacies, retail outlet, online, and others. Hospital pharmacies are expected to account for significant market share in the next five years as the growing diabetic population and increased awareness about regular monitoring of blood glucose levels among patients.

Based on end user, the market is divided into hospitals & clinics, diagnostic centers, home care, and others. Hospitals & clinics dominate the market and are expected to maintain their dominance over the forecast period. The majority of patients prefer to visit hospitals & clinics for their health-check up owing to the presence of skilled healthcare professionals and advanced equipment in hospitals & clinics. Availability of immediate test results at affordable rates attracts the patients to avail the services of hospitals & clinics.

Major market players operating in the United Kingdom glucometers market are:

·         Abbott Laboratories Limited

·         Medtronic United Kingdom

·         Roche Diagnostics Limited

·         Dexcom United Kingdom

·         Dr.Morpen

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“Online sales channels are gaining popularity due to the huge tech-savvy population and the presence of high-speed internet connections in the country. Amazon, Accu-Check, LifeScan, and other e-commerce companies sell glucometers over the online platforms at competitive prices. Customers easily scroll and find the products and make an informed decision while buying the glucometers. Market players are also offering quick doorstep delivery facilities, exchange options, and online payment gateways to increase the traffic of customers buying through their platforms. The rise in the number of online channel market players, the introduction of novel glucometers, and the availability of glucometers at prices below the market prices are expected to propel the growth of the United Kingdom glucometers market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.

“United Kingdom Glucometers Market By Product Type (Self Glucose Monitoring Glucometers v/s Continuous Glucose Monitoring Glucometers), By Technique (Invasive v/s Non-Invasive), By Type (Wearable v/s Non-Wearable), By Distribution Channel (Hospital Pharmacies, Retail Outlet, Online, Others), By End User (Hospitals & Clinics, Diagnostic Centers, Home Care, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of United Kingdom glucometers market and provided statistics & information on market size, shares, 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 the of United Kingdom glucometers market.

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