(Health-NewsWire.Net, January 19, 2016 ) The global market is growing, due to increasing geriatric population and increasing prevalence of diabetes. In addition, the increase in obese population and increasing awareness about diabetes care is also contributing to the growth of the market. Furthermore, technological advancements in self-monitoring blood glucose devices and growing health insurance and reimbursements policies worldwide are also encouraging the growth of the self-monitoring blood glucose devices market.
Based on type, the strips segment had the largest market in the global SMBG devices market in 2014; and it is expected to witness the fastest growth with 5.7% CAGR during 2015 – 2022.
Browse Report Description with Detailed TOC on “SMBG Devices Market” at: https://www.psmarketresearch.com/market-analysis/self-monitoring-blood-glucose-market
The information and data in the publication “Global Self-Monitoring Blood Glucose Devices Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Type (Strips, Glucose Meters, Lancets and others)” represent the research and analysis of data from various primary and secondary sources. The bottom-up approach has been used to calculate the global market size by type. The market numbers for countries are obtained through top-down approach. P&S Market Research analysts and consultants interacted with the authorities from leading companies of the concerned domain, to substantiate every value of data presented in this report.
Browse Related Research at: https://www.psmarketresearch.com/industry-report/medical-devices
However, the product recall and availability of continuous glucose monitors to diagnose and monitor the glucose levels in diabetes patients hampers the growth of the global SMBG devices market. The Asian market is expected to witness fastest growth, with a CAGR of 6.2% during 2015 – 2022.
The key companies operating in the global self-monitoring blood glucose devices market include Medtronic Inc., Abbott Laboratories Inc., Hoffmann-La Roche Ltd., Bayer AG , Life Scan Inc.(J&J), B. Braun Melsungen AG, Nipro Diagnostics Inc., Arkray Devices, Nova Biomedical, and Bionime corporation.
GLOBAL SMBG DEVICES MARKET SEGMENTATION
By Type
Strips
Glucose Meter
Lancets
Others
By Geography
North America- The U.S., Canada, and Rest of North America
Europe- Germany, France, The U.K., Italy, Spain, Russia and Rest of Europe
Asia- China, Japan, India and Rest of Asia
Rest of the World (RoW)- Brazil and Australia
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