(Australia-NewsWire.Com, February 27, 2017 ) According to the report Asia-Pacific Glucose Monitoring Device Market published by Market Data Forecast, the Asia-Pacific market is projected to reach $443.59 million by 2021 from $310.14 million in 2016 with CAGR of 7.42% from 2016 to 2021.
Glucose monitoring devices are used to keep a tab on sugar level in blood. These devices are of different types such as gluco-meter testing strips and lancets. Availability of these devices which allows patients to test their blood sugar by themselves is a great convenience. The glucose meter offers the functionality of testing sugar with multiple numbers of strips through a single device.
The portability of these devices, easiness to carry and ability to give results instantaneously is the reason for their growing popularity. It offers the services of monitoring glucose level in our blood as it tests quantitatively. The glucose monitoring strip devices lead the market with maximum share and also have the highest growth rate.
The rise in number of people having diabetes is the reason for growth in demand of these devices in the market. The increase in diabetic population is due to lack of exercise, poor diet, unhealthy fast food and excess alcohol consumption. Also the increase in healthcare expenditure is increasing due to high paid jobs increasing which leads to increase in spending on glucose monitoring devices.
Segmentation By Type Wearable Sensors Transmitter Activator Self-Monitoring Blood glucose meter Blood glucose strips Lancets By Application Hospitals Clinics Diagnostic Centers By Geography The major competitors dominating the market for their products, services, and continuous product developments are Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc., AgaMatrix Inc, Arkray Inc, Medtronic, DexCom Inc, Nova Biomedical Corporation and Teruma Europe NV.
The Asia-Pacific Glucose Monitoring Device Market study offers following deliverables: Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped. Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis. Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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