United Kingdom
glucometers market is anticipated to witness a growth of steady CAGR in the
forecast period, 2023-2027. The market is driven by the rise in the prevalence
of diabetes, unhealthy eating habits, obesity, and increased level of physical
inactivity. Also, the high disposable income and surge in awareness about the
preventive healthcare benefits are the other factors that are expected to play
a major role in accelerating the growth of the United Kingdom glucometer
market.
Increased Prevalence of Diabetes
Drives the Market Growth
There are more than a million
people diagnosed with Diabetes in the United Kingdom, and this number is
growing at a rapid rate. Currently, Diabetes is considered one of the major
challenges faced by the United Kingdom healthcare sector. It has been found
that more than 4.9 million people have Diabetes, and 13.6 million people are at
increased risk of type 2 diabetes in the United Kingdom. Diabetes is adversely
affecting the current lifestyle and health conditions of the patients. Diabetes
is among the leading causes of preventable sight loss in the country, and more
than 1,700 people's sight gets seriously affected by Diabetes every year. And
more than 700 people who have Diabetes die prematurely every week. Patients are
becoming more aware and are actively buying devices that can instantly tell the
sugar level to take preventive measures.
The rise in the awareness
among the patients about the side-effects of Diabetes and the high prevalence
of Diabetes is expected to accelerate the growth of the United Kingdom
glucometers market in the next five years.
Increased Government Funding
on Healthcare Infrastructure Fuels Market Growth
The government is allocating
massive funds for the development of the healthcare sector of the country. The
National Health Service spends at least £10 billion every year, accounting for
10% of the entire budget. They also support research and development activities
and new product and drug development to lower the number of patients who have
various diabetes across the United Kingdom. The government of the United
Kingdom has taken the initiative and formed the ‘National Service Framework for
Diabetes’ to set standards for diabetes care. It aims to improve care for
people who are suffering from diabetes and improve the quality of services
offered to patients in England. It supports the development of diabetes clinics
to bring together a set of specialist expertise and services, including eye
screening and foot care. The forum also aims to help the patients to manage
their insulin levels around their lifestyle.
Furthermore, if the patient
is using insulin or medicine to manage diabetes, he/she is entitled to free
prescriptions. If the patient is below 60 and a resident of England, he/she
must have a medical exemption certificate before claiming the money. And the
prescriptions are free for patients in Wales, Scotland, and Northern Ireland.
Click here to download the sample
Market Segmentation
The 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. Based on technique,
the market is bifurcated into invasive and non-invasive. Based on type, the
market is bifurcated into wearable and non-wearable. Based on distribution
channel, the market is divided into hospital pharmacies, retail outlet, online,
and others. Based on end user, the market is divided into hospitals
& clinics, diagnostic centers, home care, others. The United Kingdom
glucometers market is studied in major regions namely London, Southeast, East
Anglia, Scotland, Southwest, East Midlands, Yorkshire & Humberside, and Rest
of United Kingdom.
Market Players
Abbott Laboratories Limited,
Medtronic United Kingdom, Roche Diagnostics Limited, Dexcom United Kingdom,
Dr.Morpen, are the major market players operating in the United Kingdom glucometers
market.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historic Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue forecast, company share, competitive landscape, growth
factors, and trends
|
|
Segments covered
|
·
Product Type
·
Technique
·
Type
·
Distribution
Channel
·
End User
|
|
Regional scope
|
London, Southeast, East Anglia, Scotland, Southwest, East Midlands,
Yorkshire & Humberside, Rest of United Kingdom
|
|
Key companies profiled
|
Abbott Laboratories Limited, Medtronic
United Kingdom, Roche Diagnostics Limited, Dexcom United Kingdom, Dr.Morpen
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United Kingdom glucometers
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
United Kingdom Glucometers Market,
By Product Type:
- Self Glucose Monitoring Glucometers
- Continuous Glucose Monitoring
Glucometers
- United Kingdom Glucometers Market, By Technique:
- United Kingdom Glucometers Market, By Type:
- United Kingdom Glucometers Market, By Distribution
Channel:
- Hospital
Pharmacies
- Retail
Outlet
- Online
- Others
- United Kingdom Glucometers Market, By End User:
- Hospitals
& Clinics
- Diagnostic
Centers
- Home
Care
- Others
- United Kingdom Glucometers
Market, By Region:
o London
o Southeast
o East Anglia
o Scotland
o Southwest
o East Midlands
o Yorkshire & Humberside
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in United Kingdom glucometers market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United Kingdom glucometers
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]