GLUCOSE SENSOR MARKET ANALYSIS

Regional Analysis

Global Glucose Sensor Market: Regional Analysis

On the basis of region, the global glucose sensor market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

North America is expected to witness significant growth in the glucose sensor market, owing to presence of major players and launch of new products in this region. For instance, in July 2018, Abbott Laboratories received the U.S. Food and Drug Administration (FDA) approval for its FreeStyle Libre 14 day Flash Glucose Monitoring System. The system allows a  diabetic patient to wear the sensor up to 14 days and offers results with high accuracy. It is the first continuous glucose monitoring system that can be used by diabetic patients to take diabetes treatment decisions without using a blood sample from the fingertip. The systems eliminates the need for fingerstick testing by using a small sensor wire inserted below the skin’s surface. This sensor continuously measures and monitors glucose levels.

Furthermore, Asia Pacific glucose sensor market is expected to witness significant growth over the forecast period, owing to increasing diabetes healthcare spending in the region. For instance, according to the International Diabetes Federation’ (IDF) estimates, in 2017, diabetic healthcare spending in Asia Pacific was US$ 241 million.