Israel Glucose Monitoring Devices Market to Gain from Rising Prevalence of Diabetes
The increasing prevalence of diabetes
and rising awareness about glucose monitoring devices are expected to drive the
Israel glucose monitoring market during the forecast period.
According to the TechSci Research report, “Israel Glucose Monitoring Devices Market – By Region,
Forecast, and Opportunities, 2028,” the market is anticipated to grow at a
significantly high rate during the forecast period. The glucose monitoring
devices market in Israel is witnessing significant growth, driven by the rising
government initiatives in the country. With advancements in medical technologies
and increasing awareness about early diagnosis, the demand for glucose monitoring
devices has been on the rise among the population. Glucose monitoring devices play
a crucial role in the detection, diagnosis, and monitoring of Type 1 Diabetes,
Type 2 Diabetes, and Gestational Diabetes, which is creating a favorable
environment for the growth of the Israel glucose monitoring devices market.
One of the key drivers of the rising demand
for glucose monitoring devices in the elderly population is the increasing
prevalence of chronic diseases. With age, the risk of developing chronic
diseases, such as cancer, diabetes, and cardiovascular diseases increases, gets
higher, and requires regular monitoring and screening. Furthermore, Current
technological developments in the healthcare industry, particularly those
pertaining to diabetes, may make it easier to implement the initial five years
National Diabetes Program in Israel while maintaining cost-effectiveness is
likely to boost the Israel glucose monitoring devices Market
over the forecast period. However, glucose monitoring devices are expensive to
acquire, and this cost burden can be a deterrent for smaller healthcare
facilities, and their low accuracy may hamper the growth of the market in the
coming years.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on the “Israel Glucose Monitoring Devices Market”
Israel glucose monitoring devices market is
segmented by product, application, end user, and region
Based
on product, the market is divided into self-monitoring glucose devices and
continuous glucose monitoring devices. The self-monitoring glucose devices segment
is expected to witness a significant rise over the forecast period. This is
attributed to the rising healthcare expenditure and technological advancements
in healthcare devices, which are anticipated to support market growth in the
near future.
Based on application, the market is divided into
Type 1 Diabetes, Type 2 Diabetes, and Gestational Diabetes. The Type 2 Diabetes
segment is expected to witness a high rise over the forecast period. This is
attributed to the rising cases of Type 2 Diabetes among Israeli citizens due to
the changes in their lifestyle.
Based on end users, the market is divided into
home care settings, hospitals, and others. The hospital segment is expected to witness
a substantial rise over the forecast period. This can be ascribed to the large
pool of population visiting hospitals for getting their glucose levels checked.
Additionally, the availability of skilled professionals at hospitals for
checking glucose levels further leads to people visiting hospitals for getting
their glucose levels checked, thereby supporting the segmental growth.
Major companies operating in the Israel glucose monitoring devices
market are:
- Roche Israel
- Abbott Diagnostics
- MEDTRONIC ISRAEL
LLC.
- Johnson &
Johnson
- LifeScan Israel
- Ascensia Diabetes
Care
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“The growing number of hospitals in Israel is
likely to boost the Israel glucose monitoring devices Market over the next few
years. Technological advancements in medical devices, the increasing geriatric population,
and the rising prevalence of chronic diseases associated with them, such as Type
1 Diabetes, Type 2 Diabetes, and Gestational Diabetes, are also projected to
aid this market in the coming years,” said Mr. Karan Chechi, Research Director at
TechSci Research, a research-based global management consulting firm.
Israel Glucose Monitoring Devices Market, By Product Type (Self-Monitoring Glucose Devices, Continuous
Glucose Monitoring Devices), By Application (Type
1 Diabetes, Type 2 Diabetes, and Gestational Diabetes),
By End User (Home Care Settings, Hospital, and Others), By Region, Competition,
Forecast & Opportunities, 2028 has evaluated the future growth potential of the
Israel 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 the Israel glucose monitoring devices market.
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