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RANDOX LABORATORIES

POC Glucose Monitoring Devices Market to Reach USD 2 Billion in 2022

By Labmedica International staff writers
Posted on 04 Apr 2018
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Image: The global POC blood glucose monitoring devices market is expected to reach USD 2 billion in 2022, driven mainly by public and private initiatives to reduce diabetic cases (Photo courtesy of iStock).
Image: The global POC blood glucose monitoring devices market is expected to reach USD 2 billion in 2022, driven mainly by public and private initiatives to reduce diabetic cases (Photo courtesy of iStock).
The global POC blood glucose monitoring devices market is expected to reach USD 2.03 billion in 2022, driven mainly by public and private initiatives to reduce diabetic cases. However, the high cost associated with diabetes management is one of the major factors hindering the market growth.

These are the latest findings of Research and Markets, (Dublin, Ireland), a global market research company.

Most POC blood glucose monitoring devices manufactured by global and local players are cost-efficient. However, the cost associated with diabetes management in high, resulting in out-of-pocket expenditure for consumables used in POC blood glucose monitoring devices. These consumables, including blood glucose test strips, reagents, and cassettes are expensive and are required on a daily basis. Moreover, an invasive device such as lancet needs to be purchased separately along with the POC blood monitoring devices, resulting in additional cost being incurred.

Of late, there has been a paradigm shift to non-invasive products in the POC blood glucose monitoring devices market. Non-invasive POC blood glucose monitoring devices are hand-held units that offer a number of benefits over finger prick glucose test, such as helping to avoid finger prick and providing a convenient, easy to read large number display. Non-invasive POC blood glucose monitoring devices can also track patient compliance and allow multiple tests to be run in order to allow healthcare providers to provide adequate therapeutic decisions.

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