PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534441
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1534441
India Blood Glucose Monitoring Devices Market, By Devices; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Blood Glucose Monitoring Devices Market Size Booming to Worth USD 582 Million by 2030
India Blood Glucose Monitoring Devices Market is flourishing due to a rising prevalence of diabetes, increasing adoption of technological advancements, and growing awareness and emphasis on early diagnosis, treatment, and management of diabetes.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Blood Glucose Monitoring Devices Market size by value at USD 335.76 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Blood Glucose Monitoring Devices Market size to expand at a CAGR of 7.32% reaching a value of USD 582.51 million by 2030. The Blood Glucose Monitoring Devices Market in India is propelled by the increasingly high prevalence of diabetes mellitus across the country, which has become aggravated due to its impact during the COVID-19 pandemic. The growing elderly population, a demographic more susceptible to diabetes, further fuels the market expansion. Growing awareness about preventive healthcare and sedentary lifestyles in urban areas are also major contributing factors to the growth of India Blood Glucose Monitoring Devices Market.
By volume, BlueWeave estimated India Blood Glucose Monitoring Devices Market size at 187.2 million strips in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Blood Glucose Monitoring Devices Market size by volume is projected to grow at a CAGR of 7.26% reaching the volume of 256.6 million strips by 2030. The growing population of in both Type 1 and Type 2 diabetes patients, particularly insulin-dependent cases, necessitates advanced monitoring systems, is boosting the growth of India Blood Glucose Monitoring Devices Market.
Opportunity -Supportive policy initiatives for diabetes management
With an estimated 74.2 million diabetic individuals, India prioritizes diabetes management. The National Health Mission aims to tackle the intensifying challenge through various initiatives. The National Programme for Non Communicable Diseases (NCDs) strengthens healthcare infrastructure and promotes early detection. Free NCD screenings are offered at 'Ayushman Bharat' centers. The Indian government subsidizes essential diabetes medication for the underprivileged and facilitates access to affordable generic medicines through Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP). Additionally, government hospitals provide subsidized or free treatment, and eligible families can receive in-patient care coverage under Pradhan Mantri Jan Arogya Yojana (PM-JAY). By supporting research, the government strives for advancements in diabetes management. This multi-pronged approach ensures prevention, diagnosis, and affordable treatment for the significantly expanding diabetic patient population in India.
Impact of Escalating Geopolitical Tensions on India Blood Glucose Monitoring Devices Market
Intensifying geopolitical tensions can have a multifaceted impact on India Blood Glucose Monitoring Devices Market. Device manufacturers heavily reliant on international components may face challenges in sourcing materials, leading to potential supply shortages and price fluctuations. Moreover, geopolitical instability can dampen investor confidence and hinder market growth initiatives. To mitigate these impacts, local manufacturing capabilities and diversified supply chains can offer resilience. Additionally, strategic partnerships and regulatory measures aimed at stabilizing trade relations can help mitigate risks and sustain market stability for blood glucose monitoring devices in India.
India Blood Glucose Monitoring Devices Market
Segmental Coverage
India Blood Glucose Monitoring Devices Market - By Region
The in-depth research report on India Blood Glucose Monitoring Devices Market covers the market in North India, South India, East India, and West India regions. Regionally, West India holds the highest share in India Blood Glucose Monitoring Devices Market and is expected to maintain its dominance during the period in analysis. The region's expanding healthcare facilities, increasing affluence among residents, and rising awareness regarding diabetes care. Major urban centers such as Mumbai and Pune play pivotal roles as centers for diagnosing, treating, and managing diabetes, bolstering continuous market expansion in the area.
Competitive Landscape
India Blood Glucose Monitoring Devices Market is fragmented, with numerous players serving the market. The key players dominating India Blood Glucose Monitoring Devices Market include Abbott Diabetes Care, Roche Diabetes Care, LifeScan, Dexcom Inc, Medtronic PLC, Arkray Inc, Ascensia Diabetes Care, Agamatrix Inc, and Trivida Health. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Blood Glucose Monitoring Devices Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Blood Glucose Monitoring Devices Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Blood Glucose Monitoring Devices Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising prevalence of diabetes
- 3.2.1.2. Technological advancements
- 3.2.1.3. Growing awareness and emphasis on early diabetes management
- 3.2.2. Restraints
- 3.2.2.1. High cost of glucose monitoring devices
- 3.2.2.2. Limited awareness and education
- 3.2.3. Opportunities
- 3.2.3.1. Increasing adoption of continuous glucose monitoring devices
- 3.2.3.2. Expansion of distribution channels
- 3.2.3.3. Government support for diabetes management
- 3.2.4. Challenges
- 3.2.4.1. Competition from low-cost alternatives
- 3.2.4.2. Regulatory barriers
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Blood Glucose Monitoring Devices Market: Marketing Strategies
5. India Blood Glucose Monitoring Devices Market Overview
- 5.1. Market Size & Forecast, 2019-2030
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Devices
- 5.2.1.1. Self-Monitoring Blood Glucose Devices
- 5.2.1.1.1. Glucometer Devices
- 5.2.1.1.2. Test Strips
- 5.2.1.1.3. Lancets
- 5.2.1.2. Continuous Blood Glucose Monitoring Devices
- 5.2.1.2.1. Sensors
- 5.2.1.2.2. Durables (Receivers and Transmitters)
- 5.2.2. By End User
- 5.2.2.1. Hospital/Clinical Usage
- 5.2.2.2. Home/Personal Usage
- 5.2.3. By Region
- 5.2.3.1. North India
- 5.2.3.2. South India
- 5.2.3.3. East India
- 5.2.3.4. West India
- 5.2.1. By Devices
6. North India Blood Glucose Monitoring Devices Market
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Devices
- 6.2.2. By End User
7. South India Blood Glucose Monitoring Devices Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Devices
- 7.2.2. By End User
8. East India Blood Glucose Monitoring Devices Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Devices
- 8.2.2. By End User
9. West India Blood Glucose Monitoring Devices Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Devices
- 9.2.2. By End User
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. India Blood Glucose Monitoring Devices Market Company Market Share Analysis, 2023
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Escalating Geopolitical Tensions on India Blood Glucose Monitoring Devices Market
12. Company Profiles
- 12.1. Abbott Diabetes Care
- 12.2. Roche Diabetes Care
- 12.3. LifeScan
- 12.4. Dexcom Inc.
- 12.5. Medtronic PLC
- 12.6. Arkray Inc.
- 12.7. Ascensia Diabetes Care
- 12.8. Agamatrix Inc.
- 12.9. Trivida Health
- 12.10. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 India Blood Glucose Monitoring Devices Segmentation
- Figure 2 India Blood Glucose Monitoring Devices Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Blood Glucose Monitoring Devices Market Share, By Devices , By Value, 2019-2030
- Figure 6 India Blood Glucose Monitoring Devices Market Share, By End User, By Value, 2019-2030
- Figure 7 India Blood Glucose Monitoring Devices Market Share, By Region, By Value, 2019-2030
- Figure 8 North India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Figure 9 North India Blood Glucose Monitoring Devices Market Share, By Devices , By Value, 2019-2030
- Figure 10 North India Blood Glucose Monitoring Devices Market Share, By End User, By Value, 2019-2030
- Figure 11 South India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Figure 12 South India Blood Glucose Monitoring Devices Market Share, By Devices , By Value, 2019-2030
- Figure 13 South India Blood Glucose Monitoring Devices Market Share, By End User, By Value, 2019-2030
- Figure 14 East India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Figure 15 East India Blood Glucose Monitoring Devices Market Share, By Devices , By Value, 2019-2030
- Figure 16 East India Blood Glucose Monitoring Devices Market Share, By End User, By Value, 2019-2030
- Figure 17 West India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Figure 18 West India Blood Glucose Monitoring Devices Market Share, By Devices , By Value, 2019-2030
- Figure 19 West India Blood Glucose Monitoring Devices Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Table 2 India Blood Glucose Monitoring Devices Market Size, By Devices , By Value, 2019-2030
- Table 3 India Blood Glucose Monitoring Devices Market Size, By End User, By Value, 2019-2030
- Table 4 India Blood Glucose Monitoring Devices Market Size, By Region, By Value, 2019-2030
- Table 5 North India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Table 6 North India Blood Glucose Monitoring Devices Market Size, By Devices , By Value, 2019-2030
- Table 7 North India Blood Glucose Monitoring Devices Market Size, By End User, By Value, 2019-2030
- Table 8 South India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Table 9 South India Blood Glucose Monitoring Devices Market Size, By Devices , By Value, 2019-2030
- Table 10 South India Blood Glucose Monitoring Devices Market Size, By End User, By Value, 2019-2030
- Table 11 East India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Table 12 East India Blood Glucose Monitoring Devices Market Size, By Devices , By Value, 2019-2030
- Table 13 East India Blood Glucose Monitoring Devices Market Size, By End User, By Value, 2019-2030
- Table 14 West India Blood Glucose Monitoring Devices Market Size, By Value (USD Million), 2019-2030
- Table 15 West India Blood Glucose Monitoring Devices Market Size, By Devices, By Value, 2019-2030
- Table 16 West India Blood Glucose Monitoring Devices Market Size, By End User, By Value, 2019-2030
- Table 17 Abbott Diabetes Care Company Overview
- Table 18 Abbott Diabetes Care Financial Overview
- Table 19 Roche Diabetes Care Company Overview
- Table 20 Roche Diabetes Care Financial Overview
- Table 21 LifeScan Company Overview
- Table 22 LifeScan Financial Overview
- Table 23 Dexcom Inc. Company Overview
- Table 24 Dexcom Inc. Financial Overview
- Table 25 Medtronic PLC Company Overview
- Table 26 Medtronic PLC Financial Overview
- Table 27 Arkray Inc. Company Overview
- Table 28 Arkray Inc. Financial Overview
- Table 29 Ascensia Diabetes Care Company Overview
- Table 30 Ascensia Diabetes Care Financial Overview
- Table 31 Agamatrix Inc. Company Overview
- Table 32 Agamatrix Inc. Financial Overview
- Table 33 Trivida Health Company Overview
- Table 34 Trivida Health Financial Overview
