Published Date : Jul 16, 2014
Blood Glucose Monitoring Devices
With the rise in the number of diabetics around the world, the blood glucose monitoring devices market [http://www.marketresearchreports.biz/analysis/78458] has grown by leaps and bounds. Glucose meters help diabetics to monitor their blood glucose level which helps in better diabetes management. Self Monitoring of Blood Glucose (SMBG) is a fairly new development in diabetes management. The first monitor was produced during the early 1970s. However, it wasn’t until the 1980s that the medical and diabetic organizations started realizing the importance of this technology.
Before, SMBG devices a patient was to undergo a urine test to diagnose their blood glucose level. This was rather an inaccurate test. But, the blood glucose monitoring device has allowed patients around the world to monitor their blood glucose levels with precision. This helps to prevent any complications of the condition. The advent of blood glucose monitoring devices has helped to increase life expectancy of diabetics by helping them manage their condition better. Using a glucose meter to control diabetes has also helped to improve overall patient health.
Blood Glucose Test
The blood glucose test can be performed when a patient hasn’t eaten anything for at least 8 hours (fasting) or randomly. Such testing kits are available at a pharmacy without any prescription. A doctor or nurse can help the patient find a suitable glucose meter. They can also assist the patient in setting up the meter and teach how to use it.
A test strip is inserted in the meter, and then the patient is supposed to prick their finger. A lancet attached to the meter helps to draw blood from the finger. The blood is placed on the strip to calculate the glucose level. The meter will show a reading. Usually, patients are asked to maintain a record by writing the readings in a logbook. Some glucose meters available in the market are able to log the readings in the meter automatically. Blood sugar meters can help to store hundreds of reading, and most meters save reading to the patient’s smartphone or computer.
For fasting blood glucose test the normal level is between 70 to 100 milligrams per deciliter (mg/dL). For a random test the normal results are dependent on when the patient had food last. Mostly, the blood glucose level in a random test should be below 125 mg/dL.
Global Market Overview
The key geographies in the blood glucose monitoring device market are Canada, U.S., France, Germany, Spain, Italy, China, Japan, Australia, India, and Brazil. The key segment of this market is blood glucose test trips, lancet, and meters. During the year 2013, the SMBG meter users grew by more than 50% from the total number of users in 2007. China is the country with the highest number of self-monitoring blood glucose meter users. However, U.S. has the highest market share when it comes to the total number of test strips.
According to the market analysts, the SMBG devices market is projected to grow at a single digit CAGR, however, the market will grow in double digit billion U.S. dollars. The key players in this market are LifeScan Inc., Roche Diagnostic, Abbott Laboratories, and Bayer HealthCare. These companies together control half of the market share of blood glucose self monitoring devices.
Blood glucose monitoring devices market is a booming business and has enormous future prospects. Since, it is primarily dependent on the number of diabetic patients. Figures show that by the end of 2013 there were around 382 million people affected with diabetes and this figure is supposed to rise till 592 million in 2035. With the rise in number of diabetic patients around the world, this market is expected to grow by leaps and bounds.
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