DUBLIN, March 25, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/2vndzv/blood_glucose) has announced the addition of the "Blood Glucose Device (SMBG) (Test Strips, Lancet, Meter) Market & Forecast - Worldwide" report to their offering.
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Blood glucose monitoring devices market is very lucrative business with enormous future potential. Self-monitoring blood glucose market is primarily dependent on number of diabetic patients. So with the growth in diabetic patients blood glucose monitoring devices market is set to grow many folds. By the end of 2013 there was 382 Million people suffering from diabetes and this figure is expect to rise further to 592 Million by 2035.
For the year 2013 Self-monitoring blood glucose (SMBG) users has grown more than 50% from the number of users in 2007. China has the highest number of self-monitoring blood glucose device users but United States has highest number of test strips market share. Although self-monitoring blood glucose devices market is expected to grow with single digit CAGR, but its market is in double digit Billion US$. United States controls the highest market share in the self-monitoring blood glucose (SMBG) market worldwide. 4 companies Roche Diagnostic, LifeScan Inc., Bayer HealthCare and Abbott Laboratories together controls nearly 50% market share of self-monitoring blood glucose devices.
The research study titled 'Blood Glucose Device (SMBG) (Test Strips, Lancet, Meter) Market & Forecast - Worldwide' analyzes the worldwide markets for blood glucose test strips market, blood glucose lancet market and blood glucose meter market. This report studies separate comprehensive analytics for the 15 countries: United States, European Countries (United Kingdom, Germany, Spain, Italy, Netherlands, Norway, Sweden and Switzerland), BRIC countries (Brazil, Russia, India, China), Australia and Kuwait. Annual estimates and forecast are provided for the period of 2014 through 2020. A six year historic analysis is also provided for these markets.
Key Topics Covered:
1. Executive Summary
2. Worldwide Self-Monitoring of Blood Glucose (SMBG) Users and Forecast
3. Worldwide Self-Monitoring of Blood Glucose (SMBG) Market and Forecast
4. Worldwide Self-Monitoring of Blood Glucose (SMBG) Market Share and Forecast
5. United States
6. United Kingdom
20. SMBG Market Growth Drivers
21. SMBG Market Challenges
22. Key Players Analysis
- Abbott Laboratories
- Bayer HealthCare
- LifeScan Inc.,
- Roche Diagnostic
For more information visit http://www.researchandmarkets.com/research/2vndzv/blood_glucose
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SOURCE Research and Markets