The article cited AMA's Global Blood Glucose Meter Market Study explored substantial growth with CAGR of 5.24%. According the report, Emergence of Digital Blood Glucose Meter is one of the primary growth factors for the market. Increasing Prevalence of Diabetes Diseases
is also expected to contribute significantly to the Blood Glucose Meter market. Overall, Hospital
applications of Blood Glucose Meter, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Blood Glucose Meter market identified that the demand is rising in many different parts of the world as "Heavy Investment in Ongoing Research Activities and Launch of New Products
". Furthermore, some recent industry insights like "In October 2018, United States company Abbott obtained necessary documentation requirement for its Freestyle Libre 2 device. The device is expected to be launched in 2019 after FDA approval. Using Bluetooth technology, the device provides customizable alarms for high glucose as well as for low glucose." is constantly making the industry dynamic. One of the challenges that industry facing is "Glucose meters can only analyze whole blood, and glucose is unstable in whole blood."
The End Users, such as Hospitals, is boosting the Blood Glucose Meter market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Indication, such as Type-I Diabetes, is boosting the Blood Glucose Meter market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Testing Site, such as Fingertip Testing, is boosting the Blood Glucose Meter market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Blood Glucose Meter market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Blood Glucose Meter market and other related sub-markets covered in the study.
o Key & emerging players in the Blood Glucose Meter market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Blood Glucose Meter market size is calculated using market estimation process, the Blood Glucose Meter market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Blood Glucose Meter market size has been validated using both top-down and bottom-up approaches.