India Glucose Monitoring System Market 2019-2025
Added: (Tue Jul 23 2019)
Market Reports on India Provides the Trending Market Research Report on “India Glucose Monitoring System Market 2019-2025” under Healthcare category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
MARKET OUTLOOK
After a detailed analysis, Our Market Research has concluded that the India market for continuous Glucose Monitoring System comprising (CGMS) and self-monitoring of blood glucose (SMBG) is expected to display an upward trend and is estimated to grow at a CAGR of 28.29% and 11.68% respectively, over the forecast period of 2019 to 2025.
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India is the second-most populated nation in the world, both in terms of total and diabetic population, after China. According to the Indian Institute of Public Health (IIPH), the number of diabetes patients in the country is likely to go up to 120 million in the next 20 years as against the current 70 million. Diabetes, due to its growing prevalence, is now considered a high-risk disease. Thus, it is now easier to receive proper medical insurance for the disease. Along with this, several pharmaceutical giants engaging in the R&D of drugs to meet the rising demand from people suffering from diabetes in the country acts as a major driving factor for India’s glucose monitoring system market. India is a huge market for people with diabetes, providing immense scope for the GMS market. However, the current regulations and laws make it difficult for the companies operating in this market to function. This significantly hampers the growth of India’s glucose monitoring system market.
COMPETITIVE OUTLOOK
Some of the companies present in the market are Medtronic, Abbott, Dr. Morepen, Pulsatom Healthcare, B Braun Melsungen AG, Johnson & Johnson, Becton Dickinson and Company, ARKRAY, Inc. and Roche Diagnostics
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Submitted by:Sophia Jones