USA, Russia & UK Dominate Global SMBG Market, States iGATE Research in Its Topical Report Available at MarketPublishers.com06 Apr 2017 • by Natalie Aster
LONDON – The major growth factors for the global self-monitoring of blood glucose (SMBG) market is the increase in people with diabetes globally, expanding government programmes to raise the awareness of diabetes care, rising expenditures on diabetes management and a hike in global per capita health spending, active reimbursement policies, and the technology advances targeted to minimal and noninvasive test methods. However, blood glucose meter accuracy problem as well as a low rate of compliance of glucose monitoring and poor reimbursement for SMBG supplies could challenge the market growth.
The USA, Russia and the UK are the top 3 countries in the global SMBG market, together grabbing more than 60% of the market as of 2016.
China and India are the key countries in terms of number of people suffering from diabetes worldwide. China has the largest number of SMGB users.
The diabetes test strips market is chiefly led by developed nations. Blood glucose meter is the 2nd leading product segment, whilst lancet accounts for the least share of the SMBG marketplace.
Topical report “Blood Glucose (SMBG) (Test Strips, Lancet, Meter) Market and Forecast - Global Analysis” elaborated by iGATE Research is devoted to giving a detailed, unbiased analysis of the SMBG market globally with a focus on the 18 leading country markets.
The publication sheds light on the diabetes population and the market scenario, provides SMBG market analysis plus forecasts country-wise as well as includes an analysis of SMBG users including detailed projections by country. The report presents reliable data on the SMBG industry revenues, size and shares; examines the major influencing factors and presents forecasts globally and by company. Furthermore, this study points out prevailing trends, emerging growth opportunities and key threats and challenges.
Companies discussed include: Roche Diagnostic, LifeScan, Bayer HealthCare and Abbott Laboratories.
More topical studies by our partner can be found at the iGATE Research page.