Diabetes is one of the most commonly occurring diseases worldwide. It is expected to be one of the leading causes of mortality all over the world. Rising prevalence of diabetes globally is a major factor attributing towards the growth of this market. Blood glucose monitoring is being used as a necessary tool in diabetes management. As maintenance of normal blood glucose levels is important for the patients suffering from diabetes, a series of apt glucose biosensors have been developed to meet the needs of the patients suffering from this highly prevalent disorder.
Seattle, WA -- (SBWIRE) -- 10/23/2019 -- The biosensor is a sensing device, which consists of a combination of a specific biological element and a transducer. Biosensors are defined as analytical devices that convert a biological response into electrical signal and assist in measuring a wide spectrum of analytes including organic compounds, gases, bacteria and others.
Scope of the Report:
At present, in developed countries, the glucose biosensors industry is generally at a more advanced level. The world's large enterprises are mainly concentrated in USA and Europe. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, and leading technical level. However, foreign companies' manufacturing cost is relatively higher, compared with Chinese companies. With the development of Chinese glucose biosensors production technology, their share in the international market is increasing, and competitiveness in the international market gradually increases.
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The worldwide market for Glucose Biosensors is expected to grow at a CAGR of roughly 1.6% over the next five years, will reach 3440 million US$ in 2024, from 3120 million US$ in 2019.
Although glucose biosensors brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
This report focuses on the Glucose Biosensors in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
This report includs Roche,LifeScan,Bayer,Abbott,ARKRAY,Omron,I-SENS,B. Braun,Dexcom,AgaMatrix,SANNUO,YICHENG,Yuwell,Andon Health,Yingke as a Main Key Players among others.
Market Segment by Type:
- Self-monitoring of blood glucose (SMBG)
- Continuous Glucose Monitoring Systems
Market Segment by Applications:
- Homecare diagnostics
- Hospitals
- Diagnostic Centers, Clinics
- Other
The Main Points in the Global Glucose Biosensor Market Report will improve your Decision-Making power:
– The report checks out the global Glucose Biosensor Market and acquaints readers with data related to revenue updates, volume and predicted extension percentage of the global Glucose Biosensor Market (2019 -2024).
– The report gives a large-scale exploration of market dynamics and factors manipulate the growth of the global Glucose Biosensor Market.
– The competitive analysis of the top market players will give a competitive edge to clients in respective business.
– The report checks high growth segments in the market and analyzes the best invest areas for stakeholders in the global Glucose Biosensor Market.
– A report is an essential tool for studying the market potential, drivers, ongoing market trends, challenges and opportunities, threats/risks.
– The report also includes demand/supply prospects of the Glucose Biosensor Market across the globe.
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