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Glucose Monitoring Devices Market to Grow at 6.52% CAGR to 2021
March 21, 2016 | PRNewswireEstimated reading time: Less than a minute
The glucose monitoring devices market is rising with growth in the prevalence of diabetes among population coupled with growing focus on technology forecast for the next five years to 2021.
Global Glucose Monitoring Devices market is forecast to grow at a CAGR of 6.52% during 2016 - 2021F, driven by the increasing number of diabetic patients as a consequence of sedentary lifestyles. As per capita healthcare expenditure is rising along with the growth in the disposable income, it has resulted in increasing healthcare spending including expenditure on diabetes.
While blood glucose monitors are holding major market globally due to its prominence and affordability among the emerging nations, technological advancements have led to the growth of Continuous Glucose Monitoring devices which is expected to grow faster in the future. Among the regions, North America holds the major market due to the higher disposable income as well as insurance coverage. However, among emerging markets, Asia Pacific is expected to grow the highest due to the growth in aging population as well as per capita expenditure.
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