PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1658664
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1658664
India Blood Glucose Monitor Device Market, By Product; By End Use; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
India Blood Glucose Monitor Device Market Booming to Touch USD 890 Million by 2031
India Blood Glucose Monitor Device Market is flourishing primarily due to a spurring demand for the device from the growing diabetic population across the country, and heightened public awareness about the management of diabetes, early detection initiatives, and an increasing emphasis on effective diabetes management strategies.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Blood Glucose Monitor Device Market size by value at USD 446.8 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects India Blood Glucose Monitor Device Market size to boom at a robust CAGR of 10.2% reaching a value of USD 889.3 million by 2031. The growth of Blood Glucose Monitor Device Market in India is propelled by the surging prevalence of diabetes, heightened public awareness, improved diagnostic rates, and rapid advancements in diabetes management technologies. The ICMR INDIAB study (2023) underscored the gravity of the situation, revealing 10.1 crore diabetes cases in India. This figure is projected to escalate dramatically, reaching 124.2 million by 2045, according to the International Diabetes Federation (2022). Initiatives like Roche Diabetes Care India's 2023 World Diabetes Day campaign are instrumental in promoting early detection and effective management, thereby fueling market demand. Furthermore, the emergence of innovative technologies, such as IoT-enabled wearables for non-invasive glucose monitoring, is revolutionizing the landscape. Domestic manufacturing efforts, exemplified by Roche's Accu-Chek Active with Bluetooth connectivity, are further enhancing market accessibility and convenience. These synergistic factors collectively position the India Blood Glucose Monitor Device Market for robust expansion throughout the forecast period.
Opportunity - Growing Adoption of Technological Advancements
Technological innovations are significantly driving the demand for glucose monitoring devices in India, transforming diabetes management by enhancing convenience, accuracy, and accessibility. Continuous Glucose Monitoring (CGM) systems, for instance, have revolutionized the field by providing real-time data on blood glucose levels around the clock. This allows individuals to adjust their insulin intake, diet, and exercise accordingly. In September 2023, Indian startup Bonatra launched the Smart Ring X1, a wearable device that tracks health metrics like heart rate, blood oxygen levels, and sleep quality, while syncing with CGMs to generate a metabolic score. The rising availability and adoption of CGM technology are helping improve glycemic control in India. Additionally, modern glucose monitoring devices that sync with smartphones and wearable tech enable users to easily monitor and share their data with healthcare providers. These advancements have also led to the creation of smaller, portable devices, increasing accessibility and encouraging consistent monitoring, even in public spaces. Enhanced sensor technology and algorithms have further improved device accuracy, ensuring reliable readings for better diabetes management.
West India Leads India Blood Glucose Monitor Device Market
West India, particularly driven by states like Maharashtra and Gujarat, benefits from a confluence of factors, including a high prevalence of diabetes, advanced healthcare infrastructure, and a growing emphasis on proactive self-management. It has led to increased adoption of glucose monitoring devices, bolstering market expansion. Furthermore, prominent healthcare hubs like Mumbai and Ahmedabad are at the forefront of introducing cutting-edge glucose monitoring technologies. Government initiatives aimed at improving diabetes management, such as awareness campaigns and subsidized services, further support market growth. With a rising demand for proactive healthcare solutions, West India presents significant opportunities for manufacturers and suppliers of blood glucose monitoring devices.
Impact of Escalating Geopolitical Tensions on India Blood Glucose Monitor Device Market
Intensifying geopolitical tensions could have a multifaceted impact on India Blood Glucose Monitor Device Market. Supply chain disruptions, driven by conflicts or trade restrictions, can lead to component shortages and inflated costs. This, coupled with currency fluctuations and tariffs, may limit accessibility for a significant portion of the population. Furthermore, geopolitical tensions can hinder innovation by deterring international collaborations and investments in advanced technologies. Addressing these challenges requires proactive policy measures, such as diversifying supply chains and fostering domestic manufacturing, to ensure market stability and continued growth.
Competitive Landscape
India Blood Glucose Monitor Device Market is highly fragmented, with numerous players serving the market. Major companies dominating the market include Abbott Laboratories, Roche Diagnostics, Johnson & Johnson, Medtronic, Dexcom, Ascensia Diabetes Care, Nipro Corporation, Becton, Dickinson and Company (BD), Terumo Corporation, and Arkray Inc. 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 over their competitors in India Blood Glucose Monitor Device Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Blood Glucose Monitor Device 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 Monitor Device 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 Monitor Device 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. Growing Awareness and Early Diagnosis
- 3.2.1.3. Focus on Diabetes Management
- 3.2.2. Restraints
- 3.2.2.1. High Cost
- 3.2.2.2. Reimbursement Challenges
- 3.2.3. Opportunities
- 3.2.3.1. Expanding Geriatric Population
- 3.2.3.2. Advancement in Technology
- 3.2.4. Challenges
- 3.2.4.1. Skin Irritation and Discomfort
- 3.2.4.2. Data Privacy and Security Concerns
- 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 Monitor Device Market: Marketing Strategies
5. India Blood Glucose Monitor Device Market: Pricing Analysis
6. India Blood Glucose Monitor Device Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.1.1. Self-monitoring Devices
- 6.2.1.2. Continuous Blood Glucose Monitoring Devices
- 6.2.2. By End Use
- 6.2.2.1. Hospitals
- 6.2.2.2. Home Care
- 6.2.2.3. Diagnostic Centers
- 6.2.3. By Region
- 6.2.3.1. North India
- 6.2.3.2. South India
- 6.2.3.3. East India
- 6.2.3.4. West India
- 6.2.1. By Product
7. North India Blood Glucose Monitor Device Market
- 7.1. Market Size & Forecast, 2019-2031
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By End Use
8. South India Blood Glucose Monitor Device Market
- 8.1. Market Size & Forecast, 2019-2031
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By End Use
9. East India Blood Glucose Monitor Device Market
- 9.1. Market Size & Forecast, 2019-2031
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By End Use
10. West India Blood Glucose Monitor Device Market
- 10.1. Market Size & Forecast, 2019-2031
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Product
- 10.2.2. By End Use
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Blood Glucose Monitor Device Market Company Market Share Analysis, 2024
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Blood Glucose Monitor Device Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Abbott Laboratories
- 13.2. Roche Diagnostics
- 13.3. Johnson & Johnson
- 13.4. Medtronic
- 13.5. Dexcom
- 13.6. Ascensia Diabetes Care
- 13.7. Nipro Corporation
- 13.8. Becton, Dickinson and Company (BD
- 13.9. Terumo Corporation
- 13.10. Arkray Inc
- 13.11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Country
- 15.5. 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 Monitor Device Market Segmentation
- Figure 2 India Blood Glucose Monitor Device Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Figure 5 India Blood Glucose Monitor Device Market Share, By Product, By Value, 2019-2031
- Figure 6 India Blood Glucose Monitor Device Market Share, By End Use, By Value, 2019-2031
- Figure 7 India Blood Glucose Monitor Device Market Share, By Region, By Value, 2019-2031
- Figure 8 North India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Figure 9 North India Blood Glucose Monitor Device Market Share, By Product, By Value, 2019-2031
- Figure 10 North India Blood Glucose Monitor Device Market Share, By End Use, By Value, 2019-2031
- Figure 11 South India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Figure 12 South India Blood Glucose Monitor Device Market Share, By Product, By Value, 2019-2031
- Figure 13 South India Blood Glucose Monitor Device Market Share, By End Use, By Value, 2019-2031
- Figure 14 East India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Figure 15 East India Blood Glucose Monitor Device Market Share, By Product, By Value, 2019-2031
- Figure 16 East India Blood Glucose Monitor Device Market Share, By End Use, By Value, 2019-2031
- Figure 17 West India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Figure 18 West India Blood Glucose Monitor Device Market Share, By Product, By Value, 2019-2031
- Figure 19 West India Blood Glucose Monitor Device Market Share, By End Use, By Value, 2019-2031
List of Tables
- Table 1 India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Table 2 India Blood Glucose Monitor Device Market Size, By Product, By Value, 2019-2031
- Table 3 India Blood Glucose Monitor Device Market Size, By End Use, By Value, 2019-2031
- Table 4 India Blood Glucose Monitor Device Market Size, By Region, By Value, 2019-2031
- Table 5 North India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Table 6 North India Blood Glucose Monitor Device Market Size, By Product, By Value, 2019-2031
- Table 7 North India Blood Glucose Monitor Device Market Size, By End Use, By Value, 2019-2031
- Table 8 South India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Table 9 South India Blood Glucose Monitor Device Market Size, By Product, By Value, 2019-2031
- Table 10 South India Blood Glucose Monitor Device Market Size, By End Use, By Value, 2019-2031
- Table 11 East India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Table 12 East India Blood Glucose Monitor Device Market Size, By Product, By Value, 2019-2031
- Table 13 East India Blood Glucose Monitor Device Market Size, By End Use, By Value, 2019-2031
- Table 14 West India Blood Glucose Monitor Device Market Size, By Value (USD Million), 2019-2031
- Table 15 West India Blood Glucose Monitor Device Market Size, By Product, By Value, 2019-2031
- Table 16 West India Blood Glucose Monitor Device Market Size, By End Use, By Value, 2019-2031
- Table 17 Abbott Laboratories Company Overview
- Table 18 Abbott Laboratories Financial Overview
- Table 19 Roche Diagnostics Company Overview
- Table 20 Roche Diagnostics Financial Overview
- Table 21 Johnson & Johnson Company Overview
- Table 22 Johnson & Johnson Financial Overview
- Table 23 Medtronic Company Overview
- Table 24 Medtronic Financial Overview
- Table 25 Dexcom Company Overview
- Table 26 Dexcom Financial Overview
- Table 27 Ascensia Diabetes Care Company Overview
- Table 28 Ascensia Diabetes Care Financial Overview
- Table 29 Nipro Corporation Company Overview
- Table 30 Nipro Corporation Financial Overview
- Table 31 Becton, Dickinson and Company (BD Company Overview
- Table 32 Becton, Dickinson and Company (BD Financial Overview
- Table 33 Terumo Corporation Company Overview
- Table 34 Terumo Corporation Financial Overview
- Table 35 Arkray Inc Company Overview
- Table 36 Arkray Inc Financial Overview
