Global Glucose Monitoring Device Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Device Type;

Continuous Wearable Devices and Self-Monitoring Device.

By Indication;

Diabetes Type I, Diabetes Type II, and Gestational Diabetes.

By Application;

Hospitals, Clinics and Diagnostic Centers, Home Setting, and Ambulatory Setting.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn153407516 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Glucose Monitoring Device Market (USD Million), 2021 - 2031

In the year 2024, the Global Glucose Monitoring Device Market was valued at USD 9,728.66 million. The size of this market is expected to increase to USD 24,795.72 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.3%.

The global glucose monitoring device market is experiencing significant growth driven by various factors. Glucose monitoring devices, essential for managing diabetes, have become increasingly crucial as the prevalence of diabetes rises worldwide. The burgeoning elderly population, which is more susceptible to chronic conditions like diabetes, is further propelling market demand. Technological advancements are playing a pivotal role in enhancing the accuracy and convenience of these devices, making them more user-friendly and effective. Innovations such as continuous glucose monitoring systems, wearable devices, and integration with digital health platforms are transforming diabetes management by providing real-time data and insights, thus improving patient outcomes.

The market is also benefitting from growing patient awareness regarding diabetes management and the importance of regular monitoring. Government initiatives and policies aimed at controlling diabetes and supporting healthcare infrastructure are providing a favorable environment for market expansion. Furthermore, the increasing adoption of homecare settings for chronic disease management is contributing to the market growth as patients seek convenient and less intrusive monitoring solutions.

Despite these positive trends, the market faces several challenges. High costs associated with glucose monitoring devices and the lack of comprehensive reimbursement policies in many regions are significant barriers. Additionally, the accuracy of some devices and the need for proper user training can limit their widespread adoption. Invasive methods of glucose monitoring and concerns over data privacy also pose challenges to market growth.

Nevertheless, the market presents numerous opportunities. The expansion into emerging markets, integration with telehealth services, and advancements in wearable technology are areas ripe for growth. The development of AI-based predictive analytics, personalized health solutions, and continuous monitoring systems can significantly enhance diabetes management. Improvements in wireless connectivity and digital health platforms, along with the rise of remote patient monitoring and subscription-based models, are set to revolutionize the glucose monitoring landscape.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Device Type
    2. Market Snapshot, By Indication
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Glucose Monitoring Device Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing diabetes prevalence
        2. Advancing technology adoption
        3. Rising healthcare expenditure
        4. Growing elderly population
        5. Improving device accuracy
      2. Restraints
        1. High device costs
        2. Limited reimbursement policies
        3. Device accuracy issues
        4. User training requirement
        5. Invasive monitoring methods
      3. Opportunities
        1. Emerging market expansion
        2. Telehealth service integration
        3. Wearable technology advancements
        4. AI-based predictive analytics
        5. Personalized health solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Glucose Monitoring Device Market, By Device Type, 2021 - 2031 (USD Million)
      1. Continuous Wearable Devices
      2. Self-Monitoring Device
    2. Global Glucose Monitoring Device Market, By Indication, 2021 - 2031 (USD Million)
      1. Diabetes Type I
      2. Diabetes Type II
      3. Gestational Diabetes
    3. Global Glucose Monitoring Device Market, By Application, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Clinics & Diagnostic Centers
      3. Home Setting & Ambulatory Setting
    4. Global Glucose Monitoring Device Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa

        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Abbott Laboratories
      2. Dexcom, Inc.
      3. F. Hoffmann-La Roche Ltd
      4. Medtronic
      5. LifeScan IP Holdings, LLC
      6. Ascensia Diabetes Care Holdings AG.
      7. ARKRAY, Inc.
      8. ACON Laboratories, Inc.
      9. NIPRO
      10. Nova Biomedical
      11. Ypsomed
      12. Prodigy Diabetes Care, LLC.
      13. ForaCare, Inc.
      14. Trividia Health, Inc.
      15. AgaMatrix
  7. Analyst Views
  8. Future Outlook of the Market