Market Size of India Self-Monitoring Blood Glucose Devices Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 140 Million |
| Market Size (2029) | USD 163 Million |
| CAGR (2024 - 2029) | 2.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Self-Monitoring Blood Glucose Devices Market Analysis
The India Self-Monitoring Blood Glucose Devices Market size is estimated at USD 140 million in 2024, and is expected to reach USD 163 million by 2029, growing at a CAGR of 2.9% during the forecast period (2024-2029).
Technological advancements in blood glucose meters, including cellular-connected devices that automatically upload SMBG data to secure cloud-based databases, allow for improved sharing and monitoring of SMBG data.
Real-time monitoring of SMBG data presents opportunities to provide timely support to patients who are responsive to abnormal SMBG recordings. Such advantages can provide patients with poorly controlled T2D with the additional support needed to improve critical outcomes, thereby enhancing the market's prospects in the years to come.
Continued elevation in blood glucose levels in diabetes patients can contribute to progressive complications such as renal, nerve, and ocular damage. The measurement of blood glucose helps in determining the effectiveness of blood glucose metabolism and guides in achieving optimal glucose control within the body.
Over time, the readings provide the patient and their health professionals with the information required to determine the best management strategy for diabetes. Appropriate and timely monitoring of blood glucose allows the successful management of out-of-range blood glucose levels, minimizing diabetic-related health complications.
Therefore, the studied market is anticipated to witness growth over the analysis period due to rising prevalence and the aforementioned factors.
India Self-Monitoring Blood Glucose Devices Industry Segmentation
Self-monitoring of blood glucose is an approach used by diabetic patients to measure their blood sugar level themselves using a glucometer, test strips, and lancets. Based on the readings, patients can adjust or check the effect of their treatment. The India self-monitoring blood glucose device market is segmented by components. The report offers the value (in USD) and volume (in units) for the above segments.
| Component | |
| Glucometer Devices | |
| Test Strips | |
| Lancets |
India Self-Monitoring Blood Glucose Devices Market Size Summary
The Indian self-monitoring blood glucose devices market is poised for growth, driven by technological advancements and the increasing prevalence of diabetes. Innovations such as cellular-connected devices that upload data to secure cloud-based databases enhance the monitoring and sharing of blood glucose information, offering timely support to patients with poorly controlled diabetes. This real-time monitoring capability is crucial for managing out-of-range blood glucose levels, thereby reducing the risk of complications like renal, nerve, and ocular damage. The market's expansion is further supported by the rising diabetes population in India, influenced by factors such as obesity, sedentary lifestyles, and dietary habits. The glucometers segment, in particular, is expected to experience significant growth due to the growing preference for home-based self-monitoring and recent product launches.
The market landscape is characterized by a mix of significant players and generic manufacturers, with companies like Abbott, LifeScan, and Roche Diabetes Care holding substantial market shares. Initiatives such as the National Program for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases, and Stroke (NPCDCS) aim to address the high incidence of non-communicable diseases in India, further driving the demand for self-monitoring devices. Collaborations and product launches, such as Roche Diabetes Care's partnership for local manufacturing and Zyla Health's integrated diabetes care offering, highlight the dynamic nature of the market. These developments underscore the potential for improved diabetes management and the overall growth prospects of the self-monitoring blood glucose devices market in India.
India Self-Monitoring Blood Glucose Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Component
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2.1.1 Glucometer Devices
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2.1.2 Test Strips
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2.1.3 Lancets
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India Self-Monitoring Blood Glucose Devices Market Size FAQs
How big is the India Self-Monitoring Blood Glucose Devices Market?
The India Self-Monitoring Blood Glucose Devices Market size is expected to reach USD 140 million in 2024 and grow at a CAGR of 2.9% to reach USD 163 million by 2029.
What is the current India Self-Monitoring Blood Glucose Devices Market size?
In 2024, the India Self-Monitoring Blood Glucose Devices Market size is expected to reach USD 140 million.
