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Market Research Report

Flash Glucose Monitoring Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-427 Category: Healthcare

Flash Glucose Monitoring Market Overview

Flash glucose monitoring system consists of two major components; a sensor which is wore just underneath the skin and a reader which is when waved over the sensor, it displays glucose level of the body. Flash glucose monitoring is able to store data of individual’s blood sugar or blood glucose level and can be seen any time just by scanning the scanner with reader device. Further, this flash glucose monitoring is a very efficient tool to maintain proper blood sugar level on a daily basis. Furthermore, flash glucose monitoring is very helpful to maintain glucose level of the body of those individuals who are suffering from diabetic related diseases.

Market Size & Forecast

Global flash glucose monitoring market is expected to flourish at a robust compound annual growth rate (CAGR) over the forecast period i.e. 2017-2024. Rising adoption of wearable healthcare devices across the globe and rising per capita health care spending among consumers are anticipated to be the dynamic factor behind the growth of global flash glucose monitoring market.

Flash Glucose monitoring

In terms of region, global flash glucose monitoring market is segmented into five major regions which are North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, North America is expected to witness satisfactory growth during the forecast period owing to the factors such as early adoption of wearable medical devices. Further, rising adoption of home monitoring medical devices due to rise in number of patient suffering from chronic diseases and diabetic related diseases in North America region is expected to drive the growth of flash glucose monitoring market in this region.

Additionally, Asia Pacific region is anticipated to flourish at remarkable pace during the forecast period. This can be attributed to various factors such as early approval of flash glucose monitoring technology, rising awareness towards wellness & fitness coupled with increasing aging population in this region.

Moreover, Europe region is expected to witness satisfactory growth over the forecast period due to increasing prevalence of diseases and increasing investment for the enhancement of healthcare sector in this region.

Market Segmentation

Our-in depth analysis of the global flash glucose monitoring market includes the following segments:

By End User

  • Hospitals
  • Clinics
  • Others

By Region

Global flash glucose monitoring market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Global flash glucose monitoring market is expected to be primarily driven by rising popularity of smart medical devices coupled with increasing awareness towards fitness & wellness among people. Flash glucose monitoring technology is very useful in those situations where continuous tracking of glucose level is one of the major concerns. Such applications of flash glucose monitoring are likely to drive the growth of global market during the forecast period.

Additionally, flash glucose monitoring devices are designed to be water resistant. They can be worn either during swimming, running, bathing, exercising and other daily activities and produce precise data of glucose levels at any instant. Further, high compatibility of flash glucose monitoring with daily routine is a major factor which is projected to drive the growth of global flash glucose monitoring market during forecast period.

Furthermore, rapid technological advancement in healthcare sector is also envisioned to drive the growth of flash glucose monitoring market. In addition to this rising incidences of chronic diseases coupled with growing number of diabetic patients all over the globe are anticipated to be dynamic factor which are likely to drive the growth of global flash glucose monitoring market during forecast period.

However, various problems associated with flash glucose monitoring such as overloaded data are believed to dampen the growth of global flash glucose monitoring market. Additionally, flash glucose monitoring devices are when worn, may cause irritation. Further, such issues with flash glucose monitoring devices are likely to hamper the growth of global flash monitoring market in near future.

Key Players

The major players for flash glucose monitoring market are as follows:

  • Abbott laboratories
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials

Key potential companies that may enter into manufacturing of flash glucose monitoring are mentioned below:

  • Senseonics
  • Animas
  • Dexcom
  • Glysens
  • Medtronic
  • Omnipod
  • Roche
  • Ypsomed

Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The global flash glucose monitoring market is segmented as follows:

  • By End User Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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