India Glucometer Market Size By Product (Self-Monitoring Blood Glucose System, Continuous Glucose Monitoring Devices), By Technique (Invasive accounted), By End-User (Homecare, Hospitals/Institutional/Diagnostics), Scope And Forecast

India Glucometer Market Size And Forecast

India Glucometer Market size was valued at USD 176.14 Million in 2023 and is projected to reach USD 367.31 Million by 2030, at a CAGR of 9.94% from 2023 to 2030.

Rising prevalence of diabetes in India and growth of the aging population in India are the factors driving market growth. The India Glucometer Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

India Glucometer Market Definition

So, what are glucometers? Well, they're those handy little devices, also called blood glucose meters or glucose monitors, that let you check your blood sugar levels. They're super important, especially if you have diabetes, because they help you keep tabs on things and manage your condition well. Usually, you'll get a small gadget with a screen and a lancet thingy to prick your finger for a tiny bit of blood. You put a drop on a test strip, pop it into the glucometer, and bam! It gives you a number showing your blood glucose, usually in mg/dL or mmol/L. Keeping an eye on your blood sugar regularly with a glucometer is key for folks with diabetes so they can make smart choices about what they eat, their meds, and how they live their lives to stay healthy and in control. You can read more about diabetes here.

Glucometers, or glucose monitoring devices, can be categorized based on various factors such as the product type, technique, and end users. Continuous Glucose Monitoring (CGM) Devices are devices that continuously monitor blood glucose levels throughout the day and night, providing real-time data. CGMs consist of a sensor that is inserted under the skin, a transmitter, and a receiver or smartphone app to display and analyze the data. CGMs are useful for individuals who need frequent and continuous monitoring, such as those with type 1 diabetes or those looking for a comprehensive understanding of their blood glucose trends.

Self-Monitoring Blood Glucose (SMBG) devices, commonly known as traditional glucometers, are portable devices that allow individuals to manually measure their blood glucose levels at specific times throughout the day. Users typically prick their finger to obtain a blood sample, which is then placed on a test strip and analyzed by the meter. Self-Monitoring Blood Glucose systems is commonly used by people with diabetes for routine blood glucose monitoring.

The choice of glucometer product, technique, and end user can vary depending on the individual’s needs, the healthcare setting, and the specific requirements of diabetes management. Continuous advancements in glucometer technology continue to improve the accuracy and convenience of blood glucose monitoring for individuals with diabetes and healthcare professionals.

India Glucometer Market Overview

The escalating prevalence of diabetes in India is unquestionably driving a surge in demand for glucometers within the country. Diabetes has reached alarming levels in India, with millions of individuals grappling with this condition. This health trend has led to a substantial increase in the demand for tools designed to manage and monitor blood glucose levels. India is often characterized as the “diabetes capital of the world” due to the sheer magnitude of people affected by this disease.

The recent study published in Lancet highlights the concerning prevalence of diabetes in India, impacting a staggering 101 million individuals, representing 11.4% of the nation’s population. This study draws attention to the significant and growing burden of diabetes on India’s healthcare landscape. Several factors converge to contribute to the heightened vulnerability of adults to diabetes in recent times. Sedentary lifestyles, unhealthy dietary habits, obesity, elevated stress levels, and genetic predispositions all play pivotal roles in the escalating diabetes epidemic in the country.

The growth of the aging population in India is significantly increasing the demand for glucometers. India, like many other countries, is undergoing a demographic shift marked by a larger proportion of elderly individuals. According to the National Diabetes and Diabetic Retinopathy Survey report released by the health and family welfare ministry, the highest prevalence of diabetes was observed in the 70-79 years age group, with a rate of 13.2%. This finding underscores the age-related nature of diabetes prevalence and the importance of tailored healthcare and diabetes management strategies for different age groups.

The financial constraints experienced by healthcare providers, including hospitals and clinics, exacerbate the problem. The high cost of glucometers can dissuade these healthcare facilities from investing in the necessary equipment, ultimately constricting access to comprehensive diabetes care for their patients. In rural and underserved areas of India, where access to healthcare services and resources is already limited, the situation is even more challenging. High-cost glucometers are less likely to be available or affordable in these regions, leaving individuals with fewer options for effectively managing their diabetes.

Thanks to stronger healthcare systems in India, it's easier for folks to get the medical help they need. This includes getting diagnosed and learning how to manage ongoing conditions like diabetes. Because it's easier to see a doctor, more people are seeking medical care, which means we're seeing a bigger need for glucose monitoring devices. Better healthcare also means people are more aware and educated about chronic diseases, especially diabetes. Doctors and public health campaigns are working hard to teach everyone why checking your blood sugar regularly is so important for spotting diabetes early and managing it well. All this awareness has really boosted the demand for glucose monitoring devices!

India Glucometer MarketSegmentation Analysis

The India Glucometer Market is segmented on the basis of Product, Technique, and End-User.

India Glucometer Market, By Product

• Self-Monitoring Blood Glucose System
• Continuous Glucose Monitoring Devices

To Get a Summarized Market Report By Product-

When we look at the type of product, the diabetes care market breaks down into two main categoriesSelf-Monitoring Blood Glucose Systems and Continuous Glucose Monitoring Devices. It turns out that Self-Monitoring Blood Glucose Systems were the most popular choice back in 2022, and experts predict they'll keep growing at a rate of about 9.84% each year. So, what exactly are these SMBG systems? Well, they're all about testing your blood sugar yourself, wherever you are, using a handy little gadget called a glucometer. For people with diabetes, SMBG is a lifesaver because it lets them keep tabs on their blood sugar and make smart choices about what they eat, how they exercise, and what meds they need. Plus, it's great for spotting and preventing those scary low (hypoglycemia) or high (hyperglycemia) blood sugar situations, which can seriously cut down on the chances of diabetes complications. Now, these systems mostly come down to two partsglucose meters and glucose test strips. Glucose meters are the portable devices that read your blood sugar from a tiny drop of blood, usually from a finger prick. And glucose test strips are those one-use strips with special chemicals that react with the glucose, creating a change the meter can understand.

India Glucometer Market, By Technique

• Invasive accounted
• Non-Invasive accounted

When we look at the different ways to check blood sugar, like by Technique, you'll see that invasive methods (drawing blood) were the most common in 2022. Experts think they'll keep growing in popularity, with a growth rate of around 9.80% each year. "Invasive" means you're taking a blood sample, usually by using a little needle (a lancet) to prick your finger. This blood goes on a special strip that reacts to the sugar in your blood. This reaction causes a color change or creates an electrical signal, which a glucose meter then reads. The meter shows your blood sugar level right on the screen or sends the data to your phone or online. In places like India and really, all over the world, this way of checking blood sugar is super common. It’s often called the "gold standard" because it's known for being accurate and trustworthy. Top organizations like the American Diabetic Association, the International Diabetes Federation, the Indian Council of Medical Research, and the Research Society for the Study of Diabetes in India recommend it too for keeping diabetes in check.

India Glucometer Market, By End-User

• Homecare
• Hospitals/Institutional/Diagnostics

To Get a Summarized Market Report By End-User-

When we look at who's actually using glucometers (that's the "End-User"), we see a split between Homecare and Hospitals/Institutional/Diagnostics. Right now, Homecare is the biggest slice of the pie, and we expect it to keep growing by about 9.37% each year for the foreseeable future! Think about itHomecare is where people with diabetes are managing their blood sugar at home, using glucometers and all the stuff that goes with them. It's a really important and expanding part of the Indian glucometer market, because people want easy and cheap ways to check their glucose. Plus, more patients and doctors are realizing how helpful it is to monitor blood sugar themselves. Better technology, new glucometer designs, and government programs that support diabetes care are all playing a part too.

Key Players

The “India Glucometer Market” study report will provide valuable insight with an emphasis on the global market including some of the major players are Roche India Pvt Ltd, Morepen Laboratories Ltd, Lifescan India, Ascensia Diabetes Care, SD Biosensor Healthcare Pvt Ltd, MicroGene Diagnostic Systems (P) Ltd, Abbott India, Arkray Healthcare Pvt Ltd, Q-Line Biotech Pvt Ltd, Neureca Limited (Dr. Trust), Vertech HealthSolutions India Pvt. Ltd.(Diabascan), Control D Home Healthcare., I- Sens Biosensors India Pvt. Ltd, Sensacore Medical Instrumentation.This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with Coating Type benchmarking and SWOT analysis.

Key Developments

• In May 2023, Accu Roche Diabetes Care India (Roche) announced that its top-selling blood glucose monitoring device ‘Accu-Chek Active’ is now made in India, as part of company’s strategy to improve access to diabetes care and meet the growing needs of the Indian market.

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