Israel Glucometer Market to be Dominated by Self Glucose Monitoring Glucometers through 2028
Increase in mortality rate
and growth in funding provided by the government to improve healthcare
infrastructure of country are the major drivers for the Israel glucometer market.
According to TechSciResearch report,
“Israel Glucometer Market –Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F”, the Israel glucometer market stood
is expected to grow at a significant CAGR during the forecast period. The growing focus on
preventive healthcare is driving the Israel glucometer market in several ways.
Glucometers are medical devices used to measure blood glucose levels, which is
an essential metric for individuals with diabetes. With rising focus on
preventive healthcare, individuals are becoming more aware of the need to
monitor their health regularly and take measures to prevent chronic conditions
like diabetes. Moreover, the Israeli government has launched several
initiatives to promote preventive healthcare, including increasing awareness
about diabetes and other chronic conditions. This has led to a surge in demand
for glucometers in Israel. Genetic disorders can also impact glucose metabolism
of a person which can develop the condition of diabetes in them. Individuals
with genetic disorders that affect glucose metabolism may require frequent
monitoring of their blood glucose levels to manage their condition.
Increasing
demand for devices like glucometer by people which can give the accurate blood
sugar level inside a human body is further expected to drive Israel glucometer
market in the forecast period. Development of habits like consumption of
alcohol or smoking cigarettes can also increase the chances of type 2 diabetes
mellitus in a human body. Insulin helps blood sugar enter cells, but nicotine
changes cells so that they become less responsive to insulin, which raises
blood sugar levels inside the human body. Chemicals in cigarettes harm cells in
your body and cause inflammation. This also makes cells stop responding to insulin.
According to The Minister of Health's Report on Smoking in Israel for 2020
published by Ministry of Health, it was found that 20.1% of the adult
population over the age of 21 years were identified as smokers. 25.6% of men
smoke cigarettes every day in Israel which is higher than Israeli women that
accounts for 14.8% of total women population. Arab men smoke more than Jewish
men, 38.2% and 22.6% respectively, while Jewish women smoke more than Arab
women, 15.8% and 10.2% respectively. Growing number of smokers across all the regions of the country is
leading to increase in cases of diabetes among Israelis. Therefore, growing
demand for glucometer among people to monitor their blood sugar level regularly
for management of their health is further expected to drive Israel glucometer
market in the forecast period. Moreover, growing mortality rate of the country
due to rise in instances of chronic diseases such as cancer, diabetes, and
others is also expected to propel the growth of glucometer market in Israel
during the futuristic period. People
with diabetes are at higher risk for developing cardiovascular disease, such as
heart attacks and strokes which can lead to death of a person if not managed
properly. Thus, growing need of people to monitor blood sugar level in their
bodies using various diabetic care devices is further expected to drive Israel
glucometer market in the forecast period.
However, the high cost
of devices such as glucometer which are required for management of diabetes by
patients of the country is expected to slow down the growth of the market in
the coming years.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on "Israel Glucometer Market”
The Israel glucometer
market segmentation is based on product type, technique, type, distribution
channel, end user, company, and region.
Based on type, the
market is further divided into wearable and non-wearable. Non- Wearable segment
is likely to dominate the market in the forecast period. This can be ascribed to presence
of many key market players with robust portfolios of non-wearable systems and
the accurate readings of blood sugar level provided by the product.
Some of the major
companies operating in the Israel glucometer market include:
- Cnoga Medical
Ltd.
- F. Hoffmann-La
Roche AG
- Medtronic, Inc.
- Dexcom, Inc.
- DarioHealth Crop
- Tandem Diabetes
Care, Inc.
- Abbott
Laboratories
- Dreamed Diabetes
Ltd
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“Certain regions are expected
to dominate the demand for glucometer in Israel. Developing healthcare system
of the country and introduction of various health insurance along with several
healthcare policies imposed by the government of Israel for benefit of people
is further expected to fuel Israel glucometer market in upcoming years.
Moreover, the developing economy of the country is allowing people to invest
their money in purchasing diabetic care devices, which is further expected to
boost the growth of glucometer market in the country," said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Israel Glucometer Market Segmented By Product Type (Self
Glucose Monitoring Glucometers, Continuous Glucose Monitoring Glucometers), By Technique
(Invasive, Non-Invasive), By Type (Wearable,
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, and
Opportunities, 2028”, has
evaluated the future growth potential of Israel glucometer market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative 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 Israel glucometer market.
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