Canada Glucometer Market to be Dominated by Self Glucose Monitoring Glucometers Segment through 2028
The rising prevalence of diabetes is expected to drive the growth of Canada
glucometer market in the forecast period, 2024-2028.
According to
TechSci Research report, “Canada Glucometer
Market - By
Region, Competition, Forecast, and Opportunities, 2028”, the Canada glucometer market is anticipated to grow at an impressive rate
in the forecast period, 2024-2028. This can be ascribed to the growing
number of products launches due to technological advancements due to medical
device companies and growing research and development activities regarding the
diseases and devices. Similarly, growing prevalence of diabetes due to leading
unhealthy lifestyle, consuming alcohol and junk food and growing cases of
obesity are the major factors influencing the growth of the Canada glucometer
market during the forecast period. Additionally, growing geriatric population
and increase in the incidences of diabetes and rising funds, investments, and
grants for research on diabetes diseases will escalate the growth of Canada glucometer
market in coming years. Besides, rise in research and development activities
and the launch of innovative products and growing patient awareness about new
devices will further be expected to support the Canada glucometer market growth.
However, the cost of glucometer devices and test strips
can be a barrier for some people with diabetes, particularly those who are
uninsured or underinsured. thereby slowing down the growth of Canada glucometer
market in the forecast period. Similarly, while glucometer devices have come a
long way in terms of accuracy, there can still be variability in readings,
particularly when devices are not calibrated correctly which may hamper the Canada
glucometer market growth during the forecast period. Also, while some people
may find glucometer devices easy to use, others may struggle with the process
of testing their blood glucose levels. Some devices may require a significant
amount of blood to be drawn which can be a lengthy and costly process and can
further restrict the growth of Canada glucometer market.
Browse over XX
market data Figures spread through 70 Pages and an in-depth TOC on "Canada Glucometer Market.”
Canada glucometer market can be segmented by product type, technique,
type, distribution channel, end user, and region.
Based on product
type, Canada glucometer market can be segmented into self glucose monitoring glucometers and continuous glucose monitoring
glucometers. the self glucose monitoring glucometers segment dominated Canada
glucometer market in 2022 and is expected to continue maintaining its dominance
throughout the forecast period. This can be attributed to increasing awareness
of healthy life and growing demand for fewer hospital checkups due to the
pandemic and an easy way to check glucose levels independently.
Based on end
user, Canada glucometer market can be segmented into hospitals & clinics, diagnostic centers, home care, and others.
The hospital segment is expected to dominate Canada glucometer market during
the forecast period on account of the increasing advanced infrastructure and
growing usage of technically advanced devices in hospitals along with growing
usage of advanced glucometer devices in hospitals, clinics, and homes for easy
detection.
Major companies
operating in Canada glucometer market are:
·
Medtronic of Canada Ltd
·
Abbott Canada.
·
Johnson & Johnson Inc/Canada
·
B. Braun of Canada
·
Hoffmann-La Roche Limited.
·
Ascensia Diabetes Care.
·
Sanofi-Aventis Canada Inc.
·
Eli Lilly Canada Inc.
Recent
Developments
In
March 2022, DexCom announced the receipt of CE Mark for its G7 CGM system in
Europe, intended for people who have diabetes and are two years and older,
including pregnant women. With this approval, the highly popular and
best-selling real-time CGM in the world is now more powerful and easier to use
with a small, all-in-one wearable and completely redesigned mobile app.
In
Feb 2021, Roche announced the launch of the new Accu-Chek Instant system, a new
"connected" blood glucose monitoring (BGM) system, which supports and
enables Roche’s approach of integrated Personalised Diabetes Management (iPDM).
Accu-Chek Instant features Bluetooth-enabled connectivity to the mySugr app,
allowing wireless transfer of blood glucose results to the mySugr app.
Download Sample Report
Customers can also request for 10% free customization on this report.
“Canada glucometer
is expected to dominate the market during the forecast period on account due to
the growing prevalence of diabetes and the adoption of advanced technology
systems along with increasing expenditure in the healthcare industry and
awareness among the people regarding the management of diabetes across the
region. Furthermore, the growing awareness program have been conducted by
Canadian government about the symptoms of diabetes and taking steps to prevent
diabetes will further drive the growth of the Canada glucometer market during
the forecast period. Besides, increasing geriatric population and investment
expenditure in the healthcare industry is expected to create a lucrative growth
of the Canada glucometer market during the forecast period” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Canada
Glucometer
Market 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 Canada glucometer
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 Canada glucometer market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com