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Glucose Monitoring Devices Market in India, Competition,

Posted on by darion

Dublin, July 04, 2024 (GLOBE NEWSWIRE) — The report “India Glucose Monitoring Devices Market by Region, Competition, Forecast and Opportunity, 2020-2030F” has been added to Research & Marketing.com offering.

The glucose monitoring devices market in India was valued at USD 366.53 million in 2024 and is projected to register impressive growth at a CAGR of 7.08% during the forecast period till 2030.

The glucose monitoring device market encompasses an entire ecosystem revolving around the development, manufacturing, distribution, and sale of devices that are used to precisely measure and continuously monitor blood glucose levels. These devices play a key role in the effective management of diabetes, catering to a wide range of needs and preferences. From traditional blood glucose meters that require a finger prick to obtain readings to advanced continuous glucose monitoring systems that provide real-time data on glucose levels, the market offers a variety of options for people with diabetes.

The market is primarily driven by several factors, including the rising prevalence of diabetes on a global scale. With the increasing number of people diagnosed with diabetes, the demand for reliable and accurate glucose monitoring devices has increased significantly. Moreover, technological innovations have revolutionized the landscape of glucose monitoring by introducing advanced features and functionalities that enhance the convenience and comfort of use. Moreover, there has been an increased awareness and emphasis on early management of diabetes as it is widely recognized that proactive monitoring and control of blood glucose levels can significantly improve the quality of life of people living with diabetes.

This shift in attitude has further fueled the demand for glucose monitoring devices as more and more people are recognizing the importance of timely interventions and proactive measures in effectively managing their condition. The glucose monitoring device market is a dynamic and rapidly evolving industry that is constantly striving to meet the ever-changing needs and expectations of people with diabetes. Continuous technological advancements coupled with increasing awareness and understanding of diabetes management are expected to drive further growth and innovation in this crucial sector.

Increased use of non-invasive glucose monitoring devices

The rise in the use of non-invasive blood glucose monitoring devices is playing a significant role in driving the demand for blood glucose monitoring devices in India. These non-invasive devices, which measure blood glucose levels without the need for skin pricking, have gained attention for their convenience and reduced discomfort.

Noninvasive glucose monitoring devices offer a less invasive and painless alternative to traditional finger prick methods. This increased comfort encourages people with diabetes to monitor their blood glucose levels more regularly and consistently, leading to better disease management. Noninvasive devices are often user-friendly and require minimal training. This simplicity makes them accessible to a wider population, including those who may have difficulty with traditional finger prick methods.

The growing emphasis on preventive healthcare in India has stimulated interest in non-invasive monitoring. People are using these devices not only for diabetes management but also for early detection and lifestyle changes to prevent the onset of diabetes. Non-invasive monitoring devices allow people to take control of their health.

They provide valuable information on glycemic patterns and trends, enabling users to make proactive decisions about their diabetes management. As the use of non-invasive glycemic monitoring devices continues to grow, it is likely to further increase the overall demand for glycemic monitoring devices in India. These devices offer an attractive alternative for people with diabetes, contributing to better disease management and better health outcomes.

Increased use of smart blood glucose meters

Smart blood glucose meters allow users to easily and wirelessly transfer blood glucose data to smartphones or other devices. This connectivity provides a seamless way to track and manage glucose levels over time, facilitating more proactive diabetes management. Users can access real-time glucose readings and trend data through dedicated mobile apps, providing a comprehensive picture of their condition. This immediate access to key information allows people with diabetes to make timely adjustments to their treatment plans.

Smart blood glucose meters allow you to share data with healthcare providers, caregivers, and family members, facilitating remote monitoring and timely interventions when needed. This feature is especially valuable in a country as vast as India, where access to healthcare facilities can be limited in remote areas. Many smart blood glucose meter apps include features for tracking medication schedules, diet, and exercise routines. Users can set medication reminders and monitor the impact of lifestyle changes on blood glucose levels.

The user-friendly interfaces of smart blood glucose meters and their accompanying apps make them accessible to a wide range of users, including those who may not be tech-savvy. This ease of use is encouraging more people to adopt these devices for regular monitoring. Continued technological advances in smart blood glucose meters, including improved accuracy, smaller size, and longer battery life, are making them increasingly attractive to those seeking effective and convenient diabetes management solutions.

Segmental observations

Product information

Based on the product, continuous glucose monitoring (CGM) devices are expected to dominate over self-monitoring glucose (SMBG) devices. CGM devices provide real-time glucose readings, allowing users to take immediate action based on accurate data. This eliminates the need for frequent finger pricking, a disadvantage of SMBG devices, making CGM a more convenient and user-friendly option for people managing diabetes.

In addition, the continuous tracking feature of CGM devices enables better glycemic management by providing valuable information on glycemic patterns and trends. This comprehensive data enables users to make informed decisions about dietary choices, exercise routines and medication adjustments, ultimately leading to more effective diabetes management and prevention of potential complications related to the disease. By using the valuable information provided by CGM devices, individuals can take proactive steps to achieve optimal glycemic control and maintain overall health and well-being.

App insight

Based on the application, the prevalence of type 2 diabetes is expected to have a significant impact on the demand for glucose monitoring devices in India. This particular form of the disease, which is often linked to lifestyle factors like diet and physical activity, is witnessing a rapid increase in cases due to the changing lifestyle and dietary habits of the population. This change in health patterns has created an urgent need for effective management and monitoring of type 2 diabetes, thereby fueling the growth of the glucose monitoring device market in India. As healthcare providers and individuals strive to address this health challenge, the demand for advanced and reliable glucose monitoring devices is expected to grow accordingly, contributing to the overall improvement in diabetes care in the country.

Regional observations

The western region of India, especially led by states like Maharashtra and Gujarat, is expected to have a significant impact on the glucose monitoring device market. This can be attributed to several factors, including higher prevalence of diabetes, more developed healthcare infrastructure, and growing awareness of the importance of self-monitoring devices among the population in these states. As a result, these states are likely to witness higher adoption of glucose monitoring devices, leading to significant market growth in the region.

Moreover, the western region of India is at the forefront of technological advancements in healthcare, with major cities like Mumbai and Ahmedabad serving as hubs for medical research and innovation. This has paved the way for the introduction of state-of-the-art glucose monitoring devices that offer enhanced accuracy, convenience, and ease of use. Moreover, initiatives taken by state governments to promote diabetes management and control have further contributed to the growth of the glucose monitoring device market in this region.

These initiatives include awareness campaigns, subsidized healthcare services, and setting up of specialized diabetes care centers. With the rising prevalence of diabetes and the increasing emphasis on proactive healthcare management, the demand for glucose monitoring devices is expected to increase in the western region of India. This presents a lucrative opportunity for manufacturers and suppliers to cater to a large and growing consumer base.

Key Features:

Report Attribute Details
number of pages 85
Forecast period 2025 – 2030
Estimated Market Value (USD) 2025 366.53 million dollars
Projected Market Value (USD) to 2030 $550.2 million
Compound Annual Growth Rate 7.0%
Regions covered India

Competitive environment

Company Profiles: Detailed analysis of the major companies present in the Indian Glucose Monitoring Devices Market.

  • Roche Diagnostics India Pvt. Ltd.
  • Abbott India Ltd
  • Becton Dickinson Pvt.
  • ARKRAY Healthcare Pvt. Ltd
  • B. Braun Medical (India) Pvt. Ltd.
  • Johnson & Johnson Ltd
  • India Medtronic Private Ltd
  • Pulsatom Health Care Pvt. Ltd.
  • Bio-Rad laboratories India Pvt.Ltd.

Scope of the report:

Glucose Monitoring Devices Market in India by Product:

  • Devices for self-measurement of glucose levels
  • Continuous glucose monitoring devices

India Glucose Monitoring Devices Market by Application:

  • Type 1 diabetes
  • Type 2 diabetes
  • Gestational diabetes

India Glucose Monitoring Devices Market by End User:

  • Home Care Settings
  • Hospital
  • Others

India Glucose Monitoring Devices Market by Region:

For more information on this report, please visit https://www.researchandmarkets.com/r/ecfdvr

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  • Indian Glucose Monitoring Devices Market