Blood Glucose Meters Industry Is Estimated To Expand Further At A CAGR Of 7.30% From 2023 To 2030
The global blood glucose meters industry size was valued at USD 15.80 billion in 2022 and will register a robust CAGR of around 7.3% from 2023 to 2030, according to the “ Blood Glucose Meters Industry Data Book, 2023-2030 ,” published by Grand View Research. An unprecedented rise in the diabetic population has furthered the demand for technologies monitoring blood glucose. In November 2022, the Pan American Health Organization (PAHO) report claimed that around 62 million people live with diabetes in the Americas, which is forecast to reach 109 million by 2040. The trend for glucose monitoring devices and boosting the capacity for the early diagnosis of diabetes will encourage leading players to foster their penetration. Blood glucose monitoring devices have witnessed increased traction across developing and developed countries, mainly due to the need to stay on track with blood sugar goals. The growth trajectory is primarily attributed to the trend for continuous gluc...