U.S Self-Monitoring Blood Glucose Devices Market Size To Exceed USD 7.1 Billion By 2033 | CAGR of 6.5% Read it later

According to a research report published by DPI Research, the U.S. Self-Monitoring Blood Glucose Devices market size was accounted for USD 4,045 million in 2023 and it is expected to reach around USD 7,138 million by 2032 poised to grow at a noteworthy CAGR of 6.5% during the forecast period from 2024 to 2032.

Market  Trends:

Increased Diabetes Prevalence: The global rise in diabetes, fueled by factors such as an aging population, sedentary lifestyles and unhealthy diets, is a key driver of demand for SMBG devices.

Technological Advancements: Continuous glucose monitoring (CGM) systems are becoming increasingly popular compared to traditional blood glucose meters as they provide real-time insight into glucose levels without the need to take blood samples from the finger. Smart, connected devices that can be synchronized with mobile apps for better data management and analysis are also on the rise.

Patient Empowerment and Home Care: There is an increasing trend towards patients taking responsibility for their own health and trying to manage it from the comfort of their own home. This has been accelerated by the COVID-19 pandemic, which underlined the importance of remote monitoring and telemedicine.

Insurance and Reimbursement Policies: In many regions, favourable insurance and reimbursement policies for SMBG devices and supplies have supported market growth. However, the extent of coverage varies significantly across different countries and insurance plans.

Future Outlook:

The future of the SMBG market appears promising, with several key trends expected to shape its evolution:

 Integration with Digital Health Platforms: Increased integration with digital health platforms and medical recording systems for comprehensive health management.

Wearable Technology: The development of a non-invasive, wearable technology for continuous glucose monitoring is a potential game changer, even if there are still significant scientific and regulatory hurdles.

Personalized Diabetes Management: Advances in data analytics and artificial intelligence (AI) are expected to enable personalized, predictive insights into diabetes management.

Given the fast pace of technological innovation and the changing regulatory environment, the market for SMBG devices is likely to continue to evolve rapidly. Manufacturers that focus on improving accuracy, affordability and ease of use while navigating the complex regulatory environment will thrive in this growing market.

This Latest and Comprehensive the United States Self-Monitoring Blood Glucose Devices Market Research Report 2024 provides:

• Comprehensive research methodology of the United States self-monitoring blood glucose devices market
• Detailed and comprehensive market overview with important analyst insights
• Insights into the market determinants stimulating the United States self-monitoring blood glucose devices market
• Analysis of the historical growth of the market size of the United States self-monitoring blood glucose devices market from 2018 to 2023
• The United States self-monitoring blood glucose devices market size estimation and forecast from 2024 to 2032 and growth rate up to 2032
• An Insightful Study of the United States Diabetes Population and Forecast to 2032
• Evaluate a Complete Overview of the United States Insulin Users and Forecast to 2032
• The Market Size of the United States Blood Glucose Meter Market with Eight Years Forecast
• The Market Size of the United States Blood Glucose Test Strips Market with Eight Years Forecast
• The Market Size of the United States Blood Sugar Lancets Market with Eight Years Forecast
• Get Facts and Insights of the United States Blood Glucose Meter Users Volume and Forecast to 2032
• Get Facts and Insights of the United States Blood Glucose Test Strips Users Volume and Forecast to 2032
• Get Facts and Insights of the United States Blood Glucose Lancets Users Volume and Forecast to 2032
• Scrutinize the Key Growth Drivers and Challenges of the United States Self-Monitoring Blood Glucose Devices Market
• Provides Key Trends with Respect to Collaboration Deals, Mergers & Acquisitions, Distribution Agreement, Exclusive Agreement, Partnership Deals, and Licensing Agreement
• Detailed Insights into the Regulatory Framework of the United States Self-Monitoring Blood Glucose Devices Market
• Features Reimbursement Patterns of the United States Self-Monitoring Blood Glucose Devices Market
• A Comprehensive List of Key Market Players Along with the Analysis of their Current Blood Glucose Meter Portfolios, Business Overview, and Current Development
• Each of the Major Players has been Profiled Based on Parameters such as Business Overview, Key Marketed Products, and Recent Developments

The Key Companies Dominating this Market for their Products, Services, and Continuous Product Developments are:

• Roche
• LifeScan, Inc
• Arkray, Inc
• ForaCare, Inc
• Fifty50 Medical
• iHealth Labs
• Oak Tree Health
• Livongo Health
• Dario Health
• One Drop
• Sanofi
• BioTel Care
• Walgreens
• i-SENS, Inc
• Medtronic
• S. Diagnostics
• Omnis Health
• Nova Diabetes Care
• Trividia Health, Inc
• Simple Diagnostics
• Smart Meter LLC
• Ascensia Diabetes Care
• Abbott Diabetes Care
• Genesis Health Technologies
• Prodigy Diabetes Care, LLC
• Omron Healthcare
• Ypsomed Holding AG
• Osang Healthcare Co., Ltd
• Braun Holding GmbH & Co. KG.
• Entra Health (Acquired by CRF Health)
• Waveform Diabetes (Formerly AgaMatrix Holdings, LLC)

Key Questions Addressed by the Report:

• How many people in the United States have diabetes?
• How many people in the United States use insulin?
• How has the United States self-monitoring blood glucose devices market performed so far?
• How is the United States self-monitoring blood glucose devices market anticipated to evolve during the forecast period 2024 – 2032?
• How is each segment of the United States self-monitoring blood glucose devices market expected to grow during the forecast period, and what is the revenue expected to be generated by each of the segments by the end of 2032?
• What are the main drivers and restraints in the United States self-monitoring blood glucose devices market?
• What are the major deals happenings in the United States self-monitoring blood glucose devices market?
• What are the various SMBG devices available in the United States?
• What is the reimbursement scenario of the products offered in the United States self-monitoring blood glucose devices market?
• What is the regulatory system of the self-monitoring blood glucose devices market in the United States?
• Who are the top market players and what are their happenings, products, current developments, and scenarios?

Learn More About The Market Report: https://dpiresearch.com/report/us-self-monitoring-blood-glucose-devices-market/

The report is readily available and can be dispatched immediately after payment confirmation.

Would like to place an order or any question, please feel free to contact at sales@dpiresearch.com

Customization of the Report:

DPI Research provides customization of the report as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Contact

Maria Rai

Head of Business Development

DPI Research | Web: https://dpiresearch.com

Direct Line: +91-766-764-8693

E-mail: sales@dpiresearch.com

New Delhi, India – 110030

About the DPI Research:

DPI Research is a leading market research publisher which offer bespoke market research reports, custom research and consulting services across multi geographies and industry verticals. We deliver a wide range of cutting-edge research solutions that help organizations in making better decisions of the business to business needs.

DPI Research provides a high standard of business research reports to the clients across industry verticals comprising Life Sciences, Information Technology, Telecom & Internet, Food Beverages & Agriculture, Travel & Tourism, Consumer Goods & Retail, Education and Social Sciences. We are committed to using advanced analytical tools and methodologies to help clients with crucial industry information for decision making. DPI Research approaches for business research led by a team of dynamic industry experts. DPI Research provides real insight for effective decisions to help business with the help of current source and accurate data available in the market.

DPI Research reaches across the globe with global standards from established markets in North America and Europe to emerging markets in South America, Asia-Pacific, Middle East, and Africa to provide the best business solutions.