ROCKVILLE, MD — (Marketwire) — 03/26/12 — MarketResearch.com has announced the addition of the new report “Blood Glucose Monitoring Devices (Meters, Test Strips, Lancets) – Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017” to their collection of In Vitro Diagnostics market reports. For more information, visit
The global blood glucose monitoring market was estimated to be worth $8.9 billion in 2010. The market value has risen from $6.2 billion in 2003, at a Compound Annual Growth Rate (CAGR) of 5.2%. The blood glucose test strips market segment was the largest segment, valued at $7.9 billion in 2010, and has registered a CAGR of 5.3% since 2003.
The global blood glucose monitoring devices market is expected to reach a value of $12.2 billion in 2017, with a predicted CAGR of 4.5% between 2010 and 2017. The blood glucose test strips market segment is expected to be valued at $10.9 billion in 2017 and is forecast to exhibit a CAGR of 4.6% between 2010 and 2017.
The International Diabetes Federation (IDF) estimates that about 366 million people around the world were suffering from diabetes in 2011, representing 8.3% of the global population. This is expected to increase to 9.9% by 2030. Developed countries tend to have a high prevalence of diabetes. For example, 10.9% of people in the US suffer from diabetes, the highest rate in the world. China, however, has the largest total number of diabetics, with an estimated 90 million suffering from the disease. In India, diabetes affects over 61 million inhabitants.
In the US, the popularity of blood glucose monitoring devices is high. With the increase in the prevalence of diabetes, particularly amongst the younger generation, it is predicted that diabetes care will become a priority. Blood glucose monitoring is essential in determining the body-s need for insulin, and therefore the use of these devices is expected to increase.
The availability of glucose monitoring devices in India and China has increased but they are still expensive. For such countries, where affordability is an important consideration, the market potential of blood glucose monitoring devices is very high.
For more information, visit
MarketResearch.com is the leading provider of global market intelligence products and services. With research reports from more than 720 top consulting and advisory firms, MarketResearch.com offers instant online access to the world-s most extensive database of expert insights on global industries, companies, products, and trends. Moreover, MarketResearch.com-s Research Specialists have in-depth knowledge of the publishers and the various types of reports in their respective industries and are ready to provide research assistance. For more information, call Veronica Franco at 240-747-3016 or visit .
Contact:
Veronica Franco
MarketResearch.com
240.747.3016
You must be logged in to post a comment Login