London, UK (PRWEB) January 28, 2015
Self-monitoring of blood glucose (SMBG) is considered to be a profitable business with high potential to grow in the years to come. The market is primarily fuelled by the high diabetes incidence rate. The expansion of the disease prevalence, in its turn, is spurred by the continuous population growth, obesity epidemic and rapidly aging world’s population. Moreover, due to the rising health awareness, increased healthcare spending, lack of effective diabetes treatments and active reimbursement insurance policies, the market for SMBG is expected to demonstrate high growth in the years ahead. The technological developments, targeted at minimal and non-invasive methods of blood glucose testing, along with the widening availability of diabetes software programs are among the other market drivers today.
Still, there are some challenges, constraining the expansion of the global SMBG market, including data accuracy, reimbursement and affordability. Besides, the people’s unawareness about the importance of blood glucose testing and the unwillingness of diabetes patients to pay for disease treatment are also limiting the market growth.
Currently, the US holds the largest share of the total SMBG market. The top four companies together account for about a 50% share of the overall SMBG market.
New market research report “The Global Self-Monitoring of Blood Glucose Market to 2025” elaborated by GMR Data Ltd. has been recently published at MarketPublishers.com.
Title: The Global Self-Monitoring of Blood Glucose Market to 2025
Published: January, 2015
Price: US$ 2,500.00
The new insightful report provides an all-round examination of the global SMBG market and includes a thorough overview of the glucose meters and glucose test strips market segments. It offers a detailed SMBG market segmentation analysis on the basis of the main geographies, gives an extensive description of the key market drivers and investigates the factors limiting the market expansion. Furthermore, the comprehensive report enlists the main producers and companies, unveils unrivalled data on their latest developments and financial performance. Besides, the detailed SWOT analysis of the market is also contained in the topical study. Future prospects of the world SMBG market through 2025 are examined, too.
Reasons to buy:
- Gain an up-close look at the world SMBG market and obtain information on the market performance by geographical regions.
- See how the SMBG market will develop through 2025.
- Understand the key drivers and hindrances of the SMBG market.
- Support sales activities by gaining an access to the extensive investigation of the SMBG market.
- Get unique data on the competitive scenario and leading firms.
- Enhance business planning and identify investment opportunities.
More new research reports by the publisher can be found at GMR Data page.