North America Leads the Market for Blood Glucose Monitoring (BGM) Devices while Asia-Pacific is Expected to Grow Faster during 2024-2030

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Industry Experts, Inc introduced the latest version of the report on Blood Glucose Monitoring (BGM) Devices. According to this new report, Global Blood Glucose Monitoring (BGM) Devices market size is estimated at US$15.9 billion in 2024 and is projected to reach US$25.3 billion by 2030 at a CAGR of 8.1% between 2024 and 2030.

The global blood glucose monitoring (BGM) devices market is witnessing significant growth attributed to the increasing prevalence of diabetes, an aging demographic, and rising demand for preventive healthcare. As diabetes emerges as a serious public health concern, there is a growing need for accurate, real-time glucose monitoring to prevent complications and support effective disease management. Self-monitoring blood glucose (SMBG) devices and continuous blood glucose monitoring (CBGM) systems are pivotal to this trend, equipping patients and healthcare professionals with timely data and insights. Technological innovations such as smartphone connectivity, cloud-based data sharing, and analytics driven by artificial intelligence are improving user experience and clinical results.

The hospital end-user segment holds the largest share of the blood glucose monitoring devices market in 2024, accounting for 44%. This dominance is driven by the rising number of hospital admissions for diabetic patients and the need for real-time, accurate glucose data to guide treatment planning. Inpatient and outpatient settings in the hospitals utilize both self-monitoring and CGM devices, benefiting from systems that efficiently store and transfer patient data. Serving as primary centers for advanced diabetes care and patient education, hospitals play a significant role in the adoption of these devices.

The market for BGM Devices is analyzed in this report on a global basis and the major regions covered include North America (The United States, Canada and Mexico), Europe (Germany, France, the United Kingdom, Italy, Spain and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea and Rest of Asia-Pacific), South America (Brazil, Argentina and Rest of South America) and Rest of World.

The study analyzes the market for BGM Devices based on Products – Self-Monitoring Blood Glucose (SMBG) Devices [Test Strips, Glucometer Devices and Lancets] and Continuous Blood Glucose Monitoring (CBGM) Devices [Sensors, Transmitters & Receivers and Insulin Pumps]; and End-user Facility – Hospitals and Clinics, Home Care Settings and Diagnostic Centers.

About Industry Experts, Inc.
Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts.com/

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