According to TechSci Research report, “India Glucose Monitoring Devices Market By Product, By Application, By End User, By Region, Competition, Forecast & Opportunities, FY2026”, India glucose monitoring devices market stood at $209million in FY2020 and is projected to grow at a CAGR of 10% during FY 2020 – FY 2026 on account of increasing geriatric population prone to diabetes. Furthermore, growing trend of homecare settings is expected to create lucrative opportunities for major players operating in the market. Besides, technological advancements and new product launches by the major players operating in the market is further expected to boosting market growth through FY2026. However, high cost associated with the application of CGM systems and associated complications such as glucose monitoring devices offering readings in a range rather than the exact number, may hamper the marketgrowth during forecast period.
India glucose monitoring devices market is segmented based on product, application, end user, and region. Based on application, the market can be fragmented into type 1 diabetes, type 2 diabetes, and gestational diabetes.Type 2 diabetes dominated the market until FY2020 and the segment is expected to maintain its dominance during forecast period as well. Based on end user segmentation, the market can be categorized into home care settings, hospital, and others. Out of these, the home care settingssegment is forecast to hold thelargest market share in the coming years since self-monitoring solutions and devices are most widely used method of short-term glucose monitoring.
“India Glucose Monitoring Devices Market By Product, By Application, By End User, By Region, Competition, Forecast & Opportunities, FY2026” has evaluated the future growth potential of India glucose monitoring devices market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions.