SAN FRANCISCO, Dec. 9, 2019 /PRNewswire/ -- The global
point-of-care glucose testing market recorded a revenue of
USD 6,017.83 million in 2018 and is
expected to reach USD 7,308.69
million by 2025 growing at a CAGR of 2.82%, according to a
new report by Grand View Research, Inc. An increase in the demand
for point-of-care testing (POCT) has been witnessed in recent
years. As compared to the conventional laboratory testing performed
central lab settings, glucose POCT aids in performing effective
diagnosis at the patient's bedside. Easy and convenient operation
of POCT has largely favored the growing usage of glucose meters
across medical settings.
Key suggestions from the report:
- Accu-Chek Inform II accounted for the largest revenue share
in 2018 and is anticipated to maintain this trend throughout the
forecast period
- Bayer CONTOUR blood glucose monitoring system is set to grow
with a CAGR of 5.5% from 2019-2025
- In terms of volume, the i-STAT ranked above all owing to its
multipurpose utility in the diagnostics industry
- North America is the
leading regional market due to the higher penetration of novel
diagnostic techniques
- Asia Pacific has registered
the fastest growth rate owing to numerous untapped growth
opportunities in diagnostics and ever-increasing prevalence of
diabetes
- A robust network of local manufacturers has significantly
contributed to the revenue generated in this region Some of the key
market participants are F. Hoffmann-La Roche Ltd., Abbott,
LifeScan, Inc., and Nova Biomedical among others
Read 145 page research report with ToC on "Point-of-Care
Glucose Testing Market Size, Share & Trends Analysis Report By
Product (Accu Check Aviva Meter, Onetouch Verio Flex, i-STAT,
Freestyle Lite, True Metrix), And Segment Forecasts, 2019 - 2025''
at:
https://www.grandviewresearch.com/industry-analysis/point-of-care-glucose-testing-market
The demand for performing bedside monitoring of blood sugar
levels efficiently in a capillary blood sample and the need to
ensure better management of carbohydrate metabolism has propelled
the point-of-care glucose testing market players to launch
innovative glucose meters in the market. Various companies are
investing in the development of needle-less blood glucose
monitoring devices to offer painless management of diabetes in
patients.
For instance, GlucoTrack - a product manufactured by Integrity
Applications (Israel) performs
quantification using electromagnetic, ultrasonic, and thermal waves
in combination. In addition, Eversense is another painless glucose
monitoring subcutaneous implant offered by Senseonics. This implant
is able to quantify glucose levels in interstitial fluid when
placed beneath the skin. This is followed by data transmission to
show the results in real time.
The latest no-code monitoring systems help in minimizing the
errors that occur due to incorrect entry of strip codes. Whereas,
others are incorporating noble metals such as silver, gold, and
platinum which effectively reduces the electrical noise further
improving accuracy.
Grand View Research has segmented the global point-of-care
glucose testing market on the basis of product and region:
- Point-of-Care Glucose Testing Product Outlook {Revenue (USD
Million) and Volume (Thousand Units), 2014 - 2025}
-
- Accu Check Aviva Meter
- Onetouch Verio Flex
- i-STAT
- Bayer CONTOUR blood glucose monitoring system
- Freestyle Lite
- True Metrix
- Accu-Chek Inform II
- StatStrip
- Point-of-Care Glucose Testing Regional Outlook {Revenue (USD
Million) and Volume (Thousand Units), 2014 - 2025}
-
- North America
-
- Europe
-
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Asia Pacific
-
- China
- Japan
- India
- Korea
- Australia
- Singapore
- Latin America
-
- Brazil
- Mexico
- MEA
- Saudi Arabia
- South Africa
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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