Global Personal-Use Self-Monitoring Blood Glucose (SMBG) Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Glucometer Devices, Test Strips, and Lancets.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn891988682 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Personal-Use Self-Monitoring Blood Glucose (SMBG) Market (USD Million), 2021 - 2031

In the year 2024, the Global Personal-Use Self-Monitoring Blood Glucose (SMBG) Market was valued at USD 15983.27 million. The size of this market is expected to increase to USD 24032.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The Global Personal-Use Self-Monitoring Blood Glucose (SMBG) Market encompasses a range of devices and technologies designed to empower individuals with diabetes to monitor their blood glucose levels conveniently and effectively. This market is driven by the increasing prevalence of diabetes worldwide, coupled with growing awareness about the importance of regular blood glucose monitoring in managing the condition. SMBG devices enable patients to track their glucose levels at home or on the go, providing real-time feedback to guide dietary choices, medication dosages, and lifestyle modifications.

Key players in the Global SMBG Market include established medical device companies, innovative startups, and research institutions continuously striving to enhance the accuracy, usability, and connectivity of blood glucose monitoring devices. Technological advancements such as wireless connectivity, smartphone integration, and cloud-based data management have transformed the landscape, offering users greater convenience, data accessibility, and insights into their glucose trends over time. Additionally, the emergence of continuous glucose monitoring (CGM) systems, which provide real-time glucose readings and trend analysis, represents a significant trend shaping the SMBG market's future trajectory.

As the demand for personalized healthcare solutions continues to rise, the Global SMBG Market is expected to witness further growth and innovation. Factors such as the aging population, increasing prevalence of diabetes, and rising adoption of digital health technologies contribute to market expansion. Moreover, ongoing research efforts aimed at developing advanced sensor technologies, artificial intelligence algorithms, and integrated healthcare platforms hold promise for revolutionizing blood glucose monitoring and diabetes management, ultimately improving patient outcomes and quality of life.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Region
  4. Global Personal-Use Self-Monitoring Blood Glucose (SMBG) Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Prevalence of Diabetes
        3. Growing Awareness and Health Consciousness
      2. Restraints
        1. Calibration and Accuracy Issues
        2. User Compliance
        3. Privacy Concerns
      3. Opportunities
        1. Integration with Mobile Health Applications
        2. Development of Non-Invasive Monitoring Technologies
        3. Expansion in Emerging Markets
    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 Personal-Use Self-Monitoring Blood Glucose (SMBG) Market, By Component, 2021 - 2031 (USD Million)
      1. Glucometer Devices
      2. Test Strips
      3. Lancets
    2. Global Personal-Use Self-Monitoring Blood Glucose (SMBG) 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 Diabetes Care
      2. Roche
      3. Johnson & Johnson
      4. Arkray
      5. Ascensia Diabetes Care
      6. Agamatrix Inc.
      7. Bionime Corporation
  7. Analyst Views
  8. Future Outlook of the Market