Allied Market Research

Increasing prevalence of diabetes, growing awareness and education and shift towards personalized medicine are the major factors which drive the global market growth

WILMINGTON, Del., Aug. 7, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Glucose Monitoring Devices Market by Device (Blood Glucose Meters, Continuous Glucose Monitoring Systems, Flash Glucose Monitoring Systems and Smartphone Apps and Wearables), Patient Type (Type 1 Diabetes and Type 2 Diabetes), and End User (Hospitals and Clinics, Home Care Settings and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the glucose monitoring devices market was valued at $14.7 billion in 2023, and is estimated to reach $38.9 billion by 2033, growing at a CAGR of 10.2% from 2024 to 2033.

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Prime determinants of growth 

Rise in incidences of diabetes, favorable regulatory scenario, and growing awareness regarding the availability of various glucose monitoring devices are the major factors that drive the growth of the market. However, high costs of devices hinder the market growth. Moreover, technological advancements and untapped markets in developing economies offer remunerative opportunities for the expansion of the global glucose monitoring devices market. 

Report coverage & details 

Report Coverage	Details
Forecast Period	2024–2033
Base Year	2023
Market Size in 2023	$14.7billion
Market Size in 2033	$38.9 billion
CAGR	10.2 %
No. of Pages in Report