Global BGM Device Market 2014-2018 is the latest addition to Sandlerresearch.org
industry research reports collection.
Diabetes is a
disease that occurs when the body is unable to produce insulin, or when the
glucose rises above the required levels. Insulin, a hormone produced by the
pancreas, is used to process glucose, which acts as a fuel for the tissues. BGM
is the process of testing the concentration of insulin or glucose in the blood.
A blood glucose meter is a small electronic device used to measure and display
the blood glucose level. To measure the level of blood glucose, a small drop of
blood is taken by pricking a finger with an instrument called a lancet. The blood
is then placed on a disposable blood glucose test strip and this is inserted
into a blood glucose meter.
Analysts forecast
the Global Blood Glucose Monitoring Device market to grow at a CAGR of
5.26 percent over the period 2013-2018.
Complete Report is
Available @ http://www.sandlerresearch.org/global-bgm-device-market-2014-2018.html
.
The report
recognizes the following companies as the key players in the Global Blood
Glucose Monitoring Device Market: Abbott Laboratories Ltd., Arkray Inc., Bayer
HealthCare AG, F. Hoffmann-La Roche Ltd. and LifeScan Inc.
Other Prominent
Vendors in the market are: B. Braun Melsungen, Bionime, DexCom, GlySens,
Medtronic, Nipro Diagnostics, Nova Biomedical and Terumo Europe.
One key trend
emerging in the market is the change in the preference of patients to take
advantage of home healthcare rather than going to hospitals. The move toward
proactive monitoring rather than waiting for treatment is opening up new
opportunities for the Global BGM Device market.
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Covered in this Report
The Global Blood
Glucose Monitoring market can be divided into three segments: Blood Glucose
Strips, Blood Glucose Meters, and Lancets. This report covers the present
scenario and the growth prospects of the Global Blood Glucose Monitoring Device
market for the period 2013-2018. To calculate the market size, the report
considers the revenue generated from the sales of the three segments as
mentioned below.
- Blood Glucose Strips
- Blood Glucose Meters
- Lancets
Global Blood Glucose
Monitoring Device Market 2014-2018, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the Americas,
and the EMEA and APAC regions; it also covers the Global Blood Glucose
Monitoring Device market landscape and its growth prospects in the coming
years. The report also includes a discussion of the key vendors operating in
this market.
According to the
report, one of the main drivers in this market is the increasing incidence of
diabetic patients. The increase in the prevalence of diabetes and the high
market potential of diabetes products has encouraged various companies to
explore the Global BGM Device market.
Further, the report
states that one of the main challenges in the market is the high cost of BGM
devices. Despite the numerous benefits, the high cost of BGM devices hinders
their acceptability among patients. Many patients do not have the required
funds to invest in a device.
