According to a recently published report by Research Nester on “Next Level IOT Blood Glucose Monitoring Device Market: Global Demand Analysis & Opportunity Outlook 2027” delivers a detailed overview of the global next level IOT blood glucose monitoring device market in terms of market segmentation by technology, by distribution channel, by end user, by usage and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global next level IOT blood glucose monitoring device market is segmented by technology, distribution channel, end user and usage. On the basis of technology, the market is segmented into Wi-Fi, Bluetooth low energy, Zigb Bee, near field communication (NFC), cellular and satellite.
On the basis of distribution channel, the market is segmented into online and offline. On the basis of end user, the market is segmented into clinical research organizations, hospitals and clinics, research and diagnostic laboratories, homecare and others. On the basis of usage, the market is segmented into professional and personal.
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The global next level IOT blood glucose monitoring device market is anticipated to record a significant growth over the forecast period i.e. 2019-2027 owing to rise in adoption of real time data for monitoring the blood glucose level. The cellular technology segment is anticipated to have leading shares on account of its ability of data transmission over long distances providing it a large patient monitoring application base. Satellite segment is anticipated to witness significant growth owing to possibility of medical data interconnectivity.
The hospitals segment is expected to have leading market shares owing to improved healthcare facilities and better treatment outcomes coupled with high investments by hospitals in the technological advancement of monitoring devices. The homecare segment is anticipated to witness significant growth owing possibility of self-monitoring, ease of application, report generation and data connectivity with concerned specialists.
North America is expected to have leading market shares owing to high adoption of IT integration in self-health care coupled with presence of key market players in the region. Additionally, the increasing cases of diabetes and improved home care facilities is expected to boost the market growth. Asia-Pacific is anticipated to witness significant market growth on the back of increasing disposable income level, investment in healthcare facilities coupled with public and private sector initiatives.
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The changing consumer lifestyle coupled with the recent developments in the IOT based blood glucose monitoring devices, for instance possibility to record data for long term, maintaining dosage and blood sugar level recoding is expected to drive the market growth. However, limitations of the data processing and data extraction coupled with issues of data privacy, security and accuracy is expected to hinder the market growth during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global next level IOT blood glucose monitoring device market which includes company profiling of F. Hoffmann-La Roche AG, Dexcom Inc., Medtronic plc., Abbott, LifeScan Inc., Ascensia Diabetes Care and other prominent players.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global next level IOT blood glucose monitoring device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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