Increased Prevalence of Diabetes Will Drive the Global Self-Monitoring Blood Glucose Devices Market Through 2019: Technavio

LONDON--()--Technavio, a tech-focused research firm, has published a new report on the global self-monitoring blood glucose devices market, which is expected to grow at a CAGR of more than 10% from 2015-2019.

According to the latest market research report by Technavio, more than 382 million people across the world had diabetes in 2013, and the number is expected to reach 592 million by 2035. WHO has projected that diabetes will be the seventh leading cause of death in 2030.

“The growing prevalence of diabetes worldwide has increased the demand for SMBG devices significantly, and will propel the market growth in the forecast period,” says Faisal Ghaus, Vice President of Technavio.

The new report by Technavio also highlights the significance of SMBG devices, which is preferred by most people for monitoring blood glucose levels, as it is more convenient. Moreover, regular blood glucose testing is the cornerstone of effective diabetes management.

“The method of blood glucose test strips and meters at home can help patients obtain an accurate blood glucose level reading within few seconds. This trend is anticipated to have a significant impact on the SMBG devices market,” adds Ghaus.

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About Technavio

Technavio is a leading global technology research and advisory company.

Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com

Release Summary

Technavio, a tech-focused research firm, has published a new report on the global self-monitoring blood glucose devices market, which is expected to grow at a CAGR of more than 10% from 2015-2019.

Contacts

Technavio Research
Jesse Maida
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
media@technavio.com