Blood Glucose Measurement Market is Expected to Reach US$ 12,443.4 Mn by 2025

Posted by venkatakiran on October 18th, 2019

Blood Glucose Measurement Market is Expected to Reach US$ 12,443.4 Mn by 2025, Due to Increase in Global Diabetes Population

Analyst Speak:

The Blood Glucose Measurement Market is increasing at prominent growth rate over the next seven years of forecast period to reach US$ 12,443.4 Mn by 2025, due to rise in incidence of diabetes in various countries around the world”

Precision Business Insights (PBI) in its report titled “Blood Glucose Measurement Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global blood glucose measurement market expected to reach US$ 12,443.4 Mn by 2025. The blood glucose measurement market burgeoning at significant CAGR over the forecast years due to surge in the prevalence of diabetes around the globe. For instance, according to International Diabetes Foundation 2017, approximately 425 Mn adults were living with diabetes and this will expected to reach 629 Mn by 2045. Moreover, rise in R&D for the development of technologically advanced devices such as point-of-care and digital devices, rise in adoption of glucose monitoring devices among the population, and increase in disposable income are anticipated to propel the blood glucose measurement market over the forecast years. However, high cost for the devices, low adoption of devices in underdeveloped economies, and stringent regulatory guidelines are the factors hinder the blood glucose measurement market over the forecast timeframe

Blood glucose measurement market segmented on the basis of product type, end user, and region.

For More Information:

 https://www.precisionbusinessinsights.com/market-reports/global-blood-glucose-measurement-market/

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venkatakiran
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