London, 01 September 2015 – Technavio, a tech-focused research firm, has published a new report on the global self-monitoring blood glucose devices market, which is expected to grow at a CAGR of more than 10% from 2015-2019.
According to the latest market research report by Technavio, more than 382 million people across the world had diabetes in 2013, and the number is expected to reach 592 million by 2035. WHO has projected that diabetes will be the seventh leading cause of death in 2030.
“The growing prevalence of diabetes worldwide has increased the demand for SMBG devices significantly, and will propel the market growth in the forecast period,” says Faisal Ghaus, Vice President of Technavio.
The new report by Technavio also highlights the significance of SMBG devices, which is preferred by most people for monitoring blood glucose levels, as it is more convenient. Moreover, regular blood glucose testing is the cornerstone of effective diabetes management.
“The method of blood glucose test strips and meters at home can help patients obtain an accurate blood glucose level reading within few seconds. This trend is anticipated to have a significant impact on the SMBG devices market,” adds Ghaus.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
