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Global Glucose Monitoring Market -------------------------------2012
View Report Details Executive Summary The worldwide market for blood glucose monitoring is mainly dependent on the number of diabetes patients in the world which is growing significantly and is expected to grow even further in the near future. As a result, the worldwide market for glucose monitoring devices should also grow. There is no cure for diabetes and it can only be controlled. In order to control it, blood glucose monitoring is mandatory. Diabetes can be of 2 types i.e. type I and type II. Type II diabetes is so far more prevalent compared to type I. The type I diabetes can be monitored with the help of regular glucose monitoring devices and self monitoring blood glucose monitoring devices. Regular glucose monitoring is done with the help of standard hand prick glucose monitors. This segment contributes the major share of total sales of blood glucose monitoring industry. The blood glucose test strips which are required for glucose tests are disposable which means there is a steady growth opportunity in the glucose test strip market. Continuous glucose monitoring is mainly required for type I diabetes patients or patients very high blood glucose level. A type I diabetes is less prevalent; the market for CGM (Continuous glucose monitoring) devices is smaller compared to Regular glucose monitoring market. CGM is a costlier procedure and is not covered automatically by medical insurances which also affect the sales of this particular segment. CGM is an invasive procedure and operation is required to place the sensor in the patient’s body. As soon as the reimbursement of CGM improves, the market should perform better. The global aging population, obese population, worldwide health expenditure and awareness about diabetes are the factors which are fuelling the growth of the glucose monitoring industry. The unwillingness of patients in frequent glucose test and increased competition in the developed market are the major challenges to the growth. The report provides an analysis of the glucose monitoring market. It also discusses the major trends, growth drivers and challenges in the market. The regular glucose monitoring market is mainly controlled by four major players namely Roche, J&J-Lifescan, Bayer and Abbott whereas the CGM market is controlled by Medtronic and Dexcom. By combining SPSS Inc.’s data integration and analysis capabilities with our relevant findings, we have predicted the future growth of the global glucose monitoring devices market. We employed various significant variables that have an impact on this industry and created regression models with SPSS Base to determine the future direction of the industry. Before deploying the regression model, the relationship between several independent or predictor variables and the dependent variable was analyzed using standard SPSS output, including charts, tables and tests.
Strong growth in glucose monitoring market chiefly due to significant growth in global diabetes market and specifically due to glucose strip market segment … Worldwide Market of Diabetes Devices
The global market for glucose monitoring devices reported a consistent growth during 2005 and 2010, at CAGR of …%. …………………………………....................................
Market Size
The self-monitoring blood glucose market recorded at CAGR of …% from US$... billion in 2008 to US$... billion ………………………………………………………………… ………………………………………………………………… ……………………………………..
2010
2009
2008
2007
2006
2005
%
US$ Billion
The worldwide market for diabetes devices has grown at the compound annual growth rate of …%....................... ………………………………………………………………… …………………..
Growth
Worldwide Market of Glucose Monitoring Devices
Market Size
Growth
2010
2009
2008
2007
2006
2005
US$ Billiom
%
US$ Billion
Worldwide Market of Self Monitoring Blood Glucose and Strip Market
2008
2009 SMBG Market
Strip Market
2010
Strong growth in continuous glucose monitoring combined with standard growth in regular glucose monitoring segment has contributed to the overall growth…
The worldwide blood glucose monitoring market can be divided into two segments; namely regular glucose monitoring devices and continuous glucose monitoring (CGM) devices…………………………………...……………. ………………………………………………………………… ……………………….
Market Size
Regular glucose monitoring market, which includes SMBG products, registered a compound annual growth rate of …% during 2005 to 2010. The market was estimated worth US$... billion in 2005, which reached US$... billion by the end of 2010. ……………………………………………………
2010
2009
2008
2007
2006
2005
%
US$ Billion
Worldwide Regular Glucose Monitoring Market
Growth
The CGM market recorded a CAGR of …% during 20052010. In 2005, the market size of CGM devices was US$... million, which increased to US$... million in 2010. In 2008, the CGM market recorded a Y-o-Y growth of …%....................................................................................... .............................................................................................. .....................................................
Market Size
Growth
2010
2009
2008
2007
2006
2005
%
US$ Million
Worldwide Continuous Glucose Monitoring Market
Worldwide glucose monitoring market is expected to grow in near future mainly on back of rising aging and obese population…
US$ Billion
Worldwide Glucose Monitoring Market Outlook
2010A
2011E
2012E
2013E
2014E
2015E
•
There has been a notable growth in the worldwide market for glucose monitoring products in the past few years, and this growth is projected to …………………………………………………………………………………………………………estimated to grow at a CAGR of …% during 2010-15…………………………………..
•
The major growth drivers of the market are…………………………………………………………………………………………………….. ………………………………………………………………………………………………………………………………….
Table of Contents 1. Glucose Monitoring 1.1 An Introduction 2. Glucose Monitoring - Market Size Global Market Value SMBG Market Value SMBG Market by Region 3. Glucose Monitoring Market by Segments 3.1 Regular Glucose Monitoring Market 3.2 Continuous Glucose Monitoring Market 4. Key Trends 4.1 Growing Number of Global Diabetic Patients 4.2 Prevalence of Diabetes in Aging Population 4.3 Diabetes Prevalence: Men Vs Women 4.4 Shifted Focus towards CGM from Hand-prick Glucose Meters 5. Market Drivers 5.1 Rising Ageing Population 5.2 Increasing Urbanization 5.3 Rising Obese Population 5.4 Awareness about Blood Glucose Monitoring 6. Challenges 6.1 Increased Competition 6.2 Unwillingness of Diabetes Patients 6.3 Non-invasive Blood Glucose Monitoring 7. Significant Developments 7.1 CGM in Interstitial Adipose Tissue, Cerebral Cortex & Muscle 7.2 Minimally Invasive Blood Glucose Monitoring 7.3 Needle Sensor System 8. Competitive Landscape Competitive Overview Market Share
List of Charts Worldwide Market Size of Diabetes Devices, 2005-2010 Diabetes Equipment Market Volume of Emerging Markets, 2009-2010 Worldwide Market Size of Glucose Monitoring Devices, 2005-2010 Worldwide Market Size of Self Monitoring Blood Glucose and Strip Market, 2008-2010 Outlook of the US Blood Glucose Monitor Market, 2008-2015 Worldwide Market Size of Regular Glucose Monitoring Market, 20052010 Worldwide Market Size of Continuous Glucose Monitoring Market, 2005-2010 Current Status and Outlook for Global Diabetic Patients, 2010-2030 Global Prevalence Rate of Diabetes by Age Group, 2010 Prevalence Rate of Diabetes, 1998-2009 CGM Market Outlook, 2010-2016 Growth of Global Aging Population, 2005-2012E Increasing Urban Population, 2005-2012E Growth in Worldwide Obese Population, 2004-2012F Diabetes Device Sales of Leading Companies, 2005-2010 Market Share of Top 4 Companies in SMBG Device Market, 2010 Market Share of Top 2 Companies in CGM Market, 2010 Average Price of Blood Glucose Test Strips, 2010 J&J’s Major Medical Devices and Diagnostics Franchise Sales, 2010 J&J’s Total and Medical Devices & Diagnostics segment Sales, 20082010 Abott - Share of Sales by Segments, 2010 Total Sales of Abbott, 2007-2010 Roche - Share of Sales by Segments, 2011 Total Sales of Roche, 2008-2011 Bayer - Share of Sales by Segments, 2011 Total Sales of Bayer, 2008-2011 Global Diabetic Population, 2010A-2015E
9. Company Profiles 9.1 Johnson & Johnson Business Description Key Financials Business Strategies Growth through Strategic Acquisitions New Product Introductions 9.2 Abbott Lab Business Description Key Financials Business Strategies Strengthening Global Position Leadership across Product Portfolio Late-Stage Pharmaceutical Pipeline
List of Tables Type I and Type II Diabetes Market in the US, 2008-2010 SMBG Market by Geographic Segment, 2008-2010 US Market for ICU Continuous Glucose Monitoring, 2010 US CGM Device Comparisons Dependent & Independent Variables (2005– 2010) Correlation Matrix Model Summary – Coefficient of Determination Regression Coefficients Output
9.3 Roche Business Description Key Financials Business Strategies Delivering Personalized Healthcare Creating Sustainable Value Fostering Innovation and Empowering People 9.4 Bayer AG Business Description Key Financials Business Strategies Diversification Strategy Advancing Leadership Skills 10. Market Outlook 10.1 Market Forecast 10.2 Forecast Methodology 10.2.1 Dependent and Independent Variables 10.2.2 Correlation Analysis 10.2.3 Regression Analysis
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