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(Medical-NewsWire.com, May 26, 2017 ) As per the syndicated report published by Market Data Forecast Europe Glucose Monitoring Devices Market which is estimated to be USD 552.02 million in 2016 is poised to reach USD 413.52 million by 2021, at a CAGR of 5.95% from 2016 to 2021. It can attributed to the factors such as Rising number of diagnostic imaging techniques, Increasing prevalence of diseases like diabetes and glycaemia, Rising demand for continuous glucose monitoring devices and Improving healthcare infrastructure in developing markets. However High cost of glucose monitoring devices, Expiration of patent, certain challenges like stringent government laws, improper facilities and lack in skilled personnel must be dealt with to attain the full potential.
To give a brief idea, Glucose monitoring Market devices are used for patients who are suffering from diabetes or hyperglycaemia to keep a track of glucose levels in the body otherwise, the body tracks every day and night the amount of glucose levels and also the amount of insulin to be released.
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The most commonly used glucose monitoring devices are continuous glucose monitoring devices and blood glucose meters. These devices work with a glucose sensor which is a tiny electrode and is inserted under the skin for measuring the glucose levels in the tissue fluid. This is connected to transmitter which sends the data through a wireless radio frequency to a displaying device and monitor. This device detects and notifies on reaching high or low limits of glucose. Internationally, most of the industrialized nations are spending a huge part of their GDP on healthcare necessities.
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Europe Glucose Monitoring Devices Market is segmented based on Device type and application as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Device Type:
Continuous Wearable Devices
Sensors
Transmitters and Activators
Self-Monitoring Devices
Blood Glucose Meters
Blood Glucose Strips
Lancets
Haemoglobin A1C testing Kits
Based on Application:
Hospitals
Clinics and Diagnostic Centers
Home Setting
Ambulatory Settings
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). As per the study Europe is poised to hold the second largest share in this Global Market.
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Roche Diagnostics, LifeScan, Bayer Health care, Abbott Diabetes care Inc, AgaMatrix Inc, Arkray Inc, Medtronic, DexCom Inc, Nova Biomedical Corporation and Teruma Europe NV are the major players operating in the Europe Glucose Monitoring Devices Market. Therefore, the competition among the key players is rising globally because of technological advancements and end-user preferences.
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The Europe Glucose Monitoring Devices market report offers wide-range of scope:
Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
Know more about key areas of industry growth via detailed Segment-level analysis on basis of type, application, along with market size forecasts and y-o-y estimations
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market.
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The publisher of this report Market Data Forecast is well known for the services they render in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering Europe among other regions of the global market as well, that too with competitive pricing options.
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