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Blood Glucose Meter Market Growth 2032: Sales
Through Digital Pharmacies
The blood glucose meter market is witnessing consistent growth due to the rising global prevalence of
diabetes and the increasing emphasis on home-based health monitoring. These devices play a crucial role in
helping patients manage blood sugar levels effectively, providing quick and reliable results through simple
finger-prick testing. The market includes a wide range of traditional glucometers, smart glucose meters, and
Bluetooth-enabled devices integrated with mobile health apps. With advancements in sensor accuracy,
digital connectivity, and user-friendly interfaces, the demand for self-monitoring tools is growing rapidly.
North America leads the market due to high awareness and access to advanced healthcare, while Asia-
Pacific is emerging as a key growth region driven by urbanization, healthcare reforms, and increasing
diabetic population.
According to Fortune Business Insights, the global blood glucose meter market size was valued at USD
7,419.0 million in 2018 and is projected to reach USD 15,415.6 million by 2026, exhibiting a CAGR of 9.6%
during the forecast period. North America dominated the blood glucose meters market with a market share
of 40.61% in 2018.
Top Companies in the Market
Hoffmann-La Roche Ltd
Dexcom, Inc.
Braun Melsungen AG
Medtronic
Lifespan Inc.
Ascensia Diabetes Care Holdings AG
Terumo Medical Corporation
Abbott
Sanofi
DiaMonTech GmbH
Other players
Key Industry Development
In June 2018, BioTel Care™ unveiled the first FDA-cleared wireless blood glucose meter. This pioneering
device features cellular connectivity and cloud-based data consolidation, enabling real-time monitoring for
diabetes management.
Market Drivers & Restraints
Market Drivers
Growing Diabetes Population: With approximately 425 million diabetic patients worldwide in
2017, rising to a projected 629 million by 2045, the demand for glucose-monitoring devices
continues to surge.
Continuous Glucose Monitoring (CGM): Continuous systems are gaining traction due to
improved control and convenience, especially for insulin-dependent patients.
Innovation in Non-Invasive Technologies: Companies like DiaMonTech are developing infrared
and wearable CGM devices that eliminate the need for finger pricks.
Pain-Free Monitoring Demand: The quest for painless glucose measurement is driving innovation
in non-invasive CGM platforms.
Market Restraints
Cost of Advanced Tech: Hybrid and CGM systems, especially non-invasive variants, often carry
higher price tags, limiting adoption in price-sensitive regions.
Regulatory Complexity: Medical-grade accuracy and compliance with ISO standards (±15%)
create hurdles in development and market approval.
Data Privacy Challenges: Cloud-based monitoring platforms invite concerns over user data
security and compliance with healthcare regulations.
Market Report Coverage
The Fortune Business Insights report delivers a thorough analysis of market size, trends, competitive
strategies, and forecasts from 2019–2026. Coverage includes:
Product segmentation: Continuous Glucose Monitoring (CGM) vs. Self-Monitoring Blood Glucose
(SMBG) Systems
Technique classification: Invasive vs. Non-Invasive
Device types: Wearable vs. Non-Wearable
Distribution channels: Institutional, Retail (Hospital, Pharmacy, Online)
Regional breakdown: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa
Market Competitive Landscape
The market is led by industry giants—Dexcom, Roche, Abbott, and Medtronic—who have strong CGM
portfolios and global distribution networks. Emerging innovators like DiaMonTech, Lifespan Inc., and Terumo
Medical are advancing niche segments such as non-invasive and wearable meters, tapping into increasing
demand for painless diabetes monitoring.
Market Segments
By Product
Continuous Glucose Monitoring Devices: Rapidly expanding due to benefits in glycemic control
and insulin therapy.
Self-Monitoring Blood Glucose (SMBG): Dominant as users continue to rely on finger-prick
meters for cost-effective diabetes care.
By Technique
Invasive: Traditional finger stick and under-skin sensor systems remain widespread.
Non-Invasive: Set to grow fastest, led by infrared and wearable technologies like DiaMonTech's
and BioTel Care's platforms.
By Type
Wearable: Includes CGM patches and smart bands, rapidly expanding due to user convenience.
Non-Wearable: Traditional handheld glucometers still maintain solid market share.
By Distribution Channel
Institutional Sales: Hospitals and clinics leverage meters for patient monitoring and in-home care.
Retail Sales: Phased across hospital pharmacies, retail pharmacies, and online pharmacies—which
are growing rapidly in emerging markets.
Market Regional Insights
North America
North America led with ~40.61% market share in 2018, generating US$ 3,012.6 million. High diabetes
prevalence, better reimbursement, and adoption of CGM technologies drive this leadership.
Europe
Europe holds significant market share after North America. Adoption is bolstered by reimbursement policies
and increased use of CGM systems by both clinicians and patients.
Asia Pacific
Expected to exhibit highest CAGR through 2026 due to growing healthcare infrastructure, higher disease
awareness, and improved incomes .
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100770
Future Market Scope
Going forward, the blood glucose meter market is set to transform through:
Advances in Non-Invasive CGM: Increases in blood glucose meters with infrared and wearable
tech mean painless and continuous monitoring will become widely accessible.
Integration with Digital Health Platforms: Devices like BioTel Care facilitate cloud-based data
sharing, real-time tracking, and telehealth integration for better patient outcomes.
Online Distribution Channels: Expansion of online pharmacies, especially in Asia-Pacific and Latin
America, will improve access in rural areas.
Regulatory Stringency: ISO and FDA requirements will ensure enhanced device accuracy,
improving trust but requiring significant investment.
Personalized Diabetes Care: Data-driven insights from CGM devices will pave the way for tailored
treatment and real-world analytics.
Conclusion
The blood glucose meter market is poised for sustained growth, with continuous and non-invasive
technologies disrupting the status quo. Fueled by a rising global diabetes population and demand for
patient-friendly solutions, the market is projected to reach USD 15,415.6 million by 2026. Leaders in
innovation and distribution will shape the future of diabetes care, improving quality of life and health
outcomes worldwide.
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