subject: Glucose Monitoring Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016 [print this page] Glucose Monitoring Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
Report Reserve announces inclusion of a new market research report to its premium store.
GlobalData's new report, "Glucose Monitoring Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016" provides key data, information and analysis on the global glucose monitoring systems market. The report provides market landscape, competitive landscape and market trends information on the glucose monitoring systems market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.
The Global Glucose Monitoring Devices Market is Forecast to Exceed $11 billion in 2016, After Growing at a CAGR of 5 % During 20092016
Source: GlobalData, Secondary Research and Interviews with Industry Experts and Key Opinion Leaders
The global glucose monitoring devices market is expected to grow at a CAGR of 5% from 20092016, to exceed $11 billion in 2016. The increasing diabetic population is expected to drive the diabetes care devices market in the future. According to the IDF (International Diabetes Federation), the global prevalence of diabetes in 2010 among adults aged 2079 is 6.6%, and will increase to 7.8% by 2030. About 220 million people worldwide have diabetes and it will reach 336 million by 2030. The market opportunity is high in emerging countries, with 80% of all new cases expected to be reported in these countries by 2025.
Also, increasing demand for non-invasive devices is leading to the development of new technologies, which in turn will increase the patient adoption of newer devices.
Technological Advances to Drive Glucose Monitoring Devices Market in the Future
The increasing demand for non-invasive devices is leading to the development of new technologies. The devices currently in development use sweat, exhaled breath or a fluorescence signal to measure a patient's blood glucose level, eliminating the painful process of blood glucose measurement experienced with the current devices. With the application of new technologies, these devices are expected to be more efficacious and reduce errors compared to the currently marketed products. GlucoTrack (Integrity Applications), LighTouch Monitor (LighTouch Medical), and noninvasive glucose measurement system (InLight Solutions), all currently in clinical trials, are the key products currently in pipeline. These products offer pain free testing resulting in higher patient compliance rates. If approved, these products will lead to an intensely competitive glucose monitoring systems market.
As patients, especially in the developed economies, continue to be aware of the latest technological developments, the current pipeline products should attain acceptance and market penetration.
LifeScan, Roche, Bayer and Abbott, with a Combined Market Share of About 78%, Dominate the Global Glucose Monitoring Devices Market
Glucose Monitoring Devices Market, Global, Key Company Share (%), 2009
Source: GlobalData, Secondary Research and Interviews with Industry Experts and Key Opinion Leaders For more details, please vist http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=13214
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