Market Analysis: Asia-Pacific Glucose Monitoring Devices Market
Asia-Pacific Glucose Monitoring Devices Market By Product (Self-Monitoring Blood Glucose Devices, Continuous Glucose Monitoring Devices), End-users (Hospital and Clinics, Diagnostic Centers, Home Healthcare), Distribution Channels (Retail, Online), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) - Industry Trends and Forecast to 2026
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Market Definition: Asia-Pacific Glucose Monitoring Devices Market
The glucose monitoring keeps the track of the blood glucose levels and helps to make balance between the food and exercise. It tracks and measures the glucose levels and the readings are derived into the data for keeping the track and take decisions regarding dosage, diet and exercise. Due to changing blood sugar levels it has become necessary to track it regularly. The glucose monitoring devices are available at the pharmacy sores and online stores. The device consist lancet to prick the figure a machine and bandages to stop the blood. It is widely being used in the hospitals a well as people use it at homes.
· Growing occurrence of diabetes is driving the growth of the market
· Increasing awareness about the self-management of diabetes is contributing to the growth of the market
· Quickly fluctuating regulatory policies and beneficial investment policies is boosting the growth of the market
· The level of accuracy of the test result, medication and consultation is guiding the development of the business
· Strict regulation of glucose monitoring devices by regulatory organizations, like FDA, is restricting the growth of the market
· High cost associated with the frequent blood glucose tests is hindering the growth of the market
· Rapid technological advancement in Glucose Monitoring devices is hampering the growth of the market
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Key Market Competitors:
Few of the major market competitors currently working in the Asia-Pacific glucose monitoring devices market are diamontech GmbH, 77 Elektronika Kft., Abbott. , OrSense - non-invasive technologies, GlySens Incorporated, Novo Nordisk A/S, Nemaura., PHC Holdings Corporation, TaiDoc Technology Corporation, Beurer, National Diagnostic Products, AgaMatrix, Dexcom, Inc., BIOPTIK LTD., ACON Laboratories, Inc., HemoCue AB, Integrity Applications., among others.
Research Methodology: Asia-Pacific Glucose Monitoring Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Key Developments in the Market:
In Febuary 2019, Senseonics has expanded and improved its distribution contract with Roche Diabetes Care for upcoming two years, giving Big Biotech exclusive access to distribute its implantable glucose monitoring system to 17 new markets, including Russia, Brazil, China and India. Roche will also continue to be the exclusive distributor of Senseonics in Europe, the Middle East and Africa, outside of Scandinavia and Israel, adding additional regions in Asia-Pacific and Latin America.
In January 2019, Eris Lifesciences and Medtronic Pvt. Ltd. revealed its partnership on the Diabetes Monitoring Project in India. Both corporations will use their corresponding talents to help patients properly monitor their diabetes. Medtronic will take its recent authorized Guardian Connect tool to India to evaluate glucose variation in clients with diabetes in real-time.
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