Brazil Blood Glucose Monitoring Market Size (2024 - 2029)

Brazil Blood Glucose Monitoring Market Analysis

The Brazil Blood Glucose Monitoring Market size is estimated at USD 629.61 million in 2024, and is expected to reach USD 916.57 million by 2029, growing at a CAGR of 7.80% during the forecast period (2024-2029).

One of the most significant risk factors for a severe course of COVID-19 is diabetes mellitus. This risk is believed to be influenced by several variables that are frequently present in diabetes mellitus, such as advanced age, a proinflammatory and hypercoagulable condition, hyperglycemia, and underlying comorbidities (hypertension, cardiovascular disease, chronic kidney disease, and obesity). Diabetes was quickly recognized as a risk factor for bad results during the COVID-19 pandemic. That's why managing or delaying diabetes became more important than ever before. Several studies have confirmed that chronic diseases like diabetes are associated with adverse outcomes in COVID-19 patients.

Diabetes is associated with many health complications. Comparing the population with and without diabetes, those with diabetes have a 300% increased risk of being hospitalized and, thus, incur more healthcare expenses compared to non-diabetic people. People with diabetes face a higher chance of experiencing serious complications from COVID-19. In general, people with diabetes are more likely to experience severe symptoms and complications when infected with a virus. Diabetes and high glucose levels are associated with increased complications, respiratory failure, and mortality in hospitalized patients with coronavirus.

Brazil has implemented a set of reforms over the past to improve the distribution of doctors, develop new forms of the service organization, introduce new financing models, and implement a range of quality improvement initiatives and policy frameworks to overcome risk factors such as obesity and emerging pandemic threats. The pandemic also highlighted opportunities for continuing and expanding innovations in the delivery of diabetes care, through virtual consultations between healthcare providers and people with diabetes, and the use of diabetes technology. Crisis management has created unprecedented interest in remote care from both patients and providers and removed many long-standing regulatory barriers. Thus, the COVID-19 outbreak increased the blood glucose monitoring market's growth.

Brazil Blood Glucose Monitoring Industry Segmentation

Blood Glucose Monitoring devices are used to diagnose both hyperglycemic and hypoglycemic conditions in diabetic patients. The Brazil Blood Glucose Monitoring Market is segmented into types (self-monitoring blood glucose devices (glucometer devices, test strips, and lancets) and continuous glucose monitoring devices (sensors and durables (receivers and transmitters))). The report offers the value (in USD million) and volume (in units million) for the above segments.