Market Dynamics:
One of the key drivers for growth of the blood glucose monitoring market is increasing adoption of personal blood glucose monitors. Personal or home use blood glucose monitors enable diabetic patients to easily check their blood glucose level at any time and provide real time information about hyperglycemia or hypoglycemia. These affordable and easy-to-use personal glucose monitors are driving the market growth. Additionally, rising prevalence of diabetes worldwide is another factor fueling demand for blood glucose monitors. According to International Diabetes Federation, approximately 537 million adults are living with diabetes and the number is expected to rise to 643 million by 2030. Growing diabetic population is anticipated to boost the blood glucose monitoring market size over the forecast period.

Key Takeaways

The Global Blood Glucose Monitoring Market Size is expected to witness high growth, exhibiting CAGR of 9.4% over the forecast period, due to increasing prevalence of diabetes globally. As per estimates, around 537 million people suffered from diabetes in 2021 worldwide. Rapid urbanization and sedentary lifestyles have contributed to the diabetes burden.

Read More: https://newsinsights123.blogspot.com/2023/12/telehealth-is-fastest-growing-segment.html