Global Smartphone Operated/Next-Generation Glucose Monitor Market

Report ID : 1196 | Published : 2022-03-25 | Pages: | Format:

Daily monitoring of glucose is an essential part of diabetes management. The Next-generation glucose monitors can reduce manual glucose monitoring errors and provide the best diabetes care to patients. The Global Smartphone Operated/Next-Generation Glucose Monitor Market is valued at US$ 3.50 Bn in 2021, and it is projected to value US$ 14.91 Bn by 2030, with a CAGR of 17.8 % during a forecast period of 2022-2030.

The high prevalence of diabetes, rising demand for cost-effective equipment, growing geriatric population, unhealthy diet, fast adoption of advanced technologies, increasing government funding for healthcare services, and the surging R&D activities to innovate smartphone medical applications are driving the growth of this market. The increasing outbreak of current COVID-19 forces the biopharma companies to develop rapid and efficient disease monitoring tools. Thus, boosting the opportunities for this market. However, the data accuracy issues related to the glucose monitor devices and the lack of awareness among the public about the advanced medical smartphone applications may restrain the growth of this market over the forecast period.

The smartphone-operated/next-generation glucose monitor market is classified based on components, applications, end-users, and region. The market is grouped into diabetes monitoring devices, tracking & diagnosis apps (ios and android based), and kit accessories by components. The diabetes monitoring device segment is anticipated to dominate this market over the forecast period owing to the high prevalence of diabetes worldwide. By applications, the market is divided into single-use and dual-use. Based on the end-users, the market is classified into home settings, hospitals & other healthcare settings, and other end users. Regionally, the market is catagorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

North America dominated the market in 2021 and is projected to dominate during the forecast period due to the growing incidence of diabetics, increasing demand for smartphone medical applications, and the rising government initiatives to advance healthcare services.

Some of the key players operating in the smartphone-operated/next-generation glucose monitor market are Health Arx Technologies Pvt. Ltd (India), myDario (US), iHealth Labs, Inc (US), KETO-MOJO (US), LifeScan IP Holdings, LLC (US), Ascensia Diabetes Care (Switzerland), Glooko, Inc (US), Dexcom, Inc (US), Roche Diabetes Care (US), ForeCare, Inc (US), Informed Data Sytems Inc (US), One Drop (US), Amanda Health Inc (US, Big Foot Medical Inc (US), Pops Diabetes Care Inc (US), HealthifyMe (Bengaluru), Intruity Medical, Inc (US), Health25ync (Taiwan), myDiabby Healthcare (France), Symbiome (US), Senseonics Holdings, Inc. (US), Diabnext (France), Diabeto Medtech India Pvt (India), Biosense Technology Pvt Ltd (India), and others.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Smartphone Operated/Next-Generation Glucose Monitor Market Snapshot

Chapter 4. Global Smartphone Operated/Next-Generation Glucose Monitor Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. COVID 19 Impact Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Major Investment, Partnerships and Collaborations in Smartphone Operated/Next-Generation Glucose Monitor Research

Chapter 5. Market Segmentation 1: By Component, Estimates & Trend Analysis

5.1. By Component, & Market Share, 2020 & 2028

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following By Component:

5.2.1. Diabetes Monitoring Devices

5.2.2. Tracking & Diagnosis Apps

5.2.2.1.  iOS

5.2.2.2.  Android Based

5.2.3. Kit Accessories

Chapter 6. Market Segmentation 2: By Applications Estimates & Trend Analysis

6.1. By Applications & Market Share, 2020 & 2028

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following By Applications:

6.2.1. Single Use

6.2.2. Dual-Use

Chapter 7. Market Segmentation 3: By End-Users Estimates & Trend Analysis

7.1. By End-Users & Market Share, 2020& 2028

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2028 for the following By End-Users:

7.2.1. Home Settings

7.2.2. Hospital & Other Healthcare Settings

7.2.3. Other End Users

Chapter 8. Smartphone Operated/Next-Generation Glucose Monitor Market Segmentation 3: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) estimates and forecasts By Component, 2020-2028

8.1.2. North America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) estimates and forecasts By Applications, 2020-2028

8.1.3. North America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) estimates and forecasts By End-Users, 2020-2028

8.1.4. North America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) estimates and forecasts by country, 2020-2028

8.2. Europe

8.2.1. Europe Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Component, 2020-2028

8.2.2. Europe Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Applications, 2020-2028

8.2.3. Europe Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By End-Users, 2020-2028

8.2.4. Europe Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) by country, 2020-2028

8.3. Asia Pacific

8.3.1. Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Component, 2020-2028

8.3.2. Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Applications, 2020-2028

8.3.3. Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By End-Users, 2020-2028

8.3.4. Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) by country, 2020-2028

8.4. Latin America

8.4.1. Latin America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Component, (US$ Million)

8.4.2. Latin America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Applications, (US$ Million)

8.4.3. Latin America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By End-Users, (US$ Million)

8.4.4. Latin America Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) by country, (US$ Million) 2020-2028

8.5. Middle East & Africa

8.5.1. Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Component, (US$ Million)

8.5.2. Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By Applications, (US$ Million)

8.5.3. Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) By End-Users, (US$ Million)

8.5.4. Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market revenue (US$ Million) by country, (US$ Million) 2020-2028

Chapter 9. Competitive Landscape

9.1. Company Profiles

9.1.1. Arx Technologies Pvt. Ltd

9.1.2. myDario

9.1.3. iHealth Labs, Inc

9.1.4. KETO-MOJO

9.1.5. LifeScan IP Holdings, LLC

9.1.6. Ascensia Diabetes Care

9.1.7. Glooko, Inc

9.1.8. Dexcom, Inc

9.1.9. Roche Diabetes Care

9.1.10. ForeCare, Inc

9.1.11. Apollo Sugar Diabetes Store

9.1.12. Informed Data Sytems Inc

9.1.13. One Drop

9.1.14. Amanda Health Inc

9.1.15. Big Foot Medical Inc

9.1.16. Pops Diabetes Care Inc

9.1.17. HealthifyMe

9.1.18. Intruity Medical, Inc

9.1.19. Health25ync

9.1.20. myDiabby Healthcare

9.1.21. Symbiome

9.1.22. Diabnext

9.1.23. Diabeto Medtech India Pvt

9.1.24. Biosense Technology Pvt Ltd

9.1.25. Other Prominent Player

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Components, 2019-2030 (Value US$ Bn)

  • Diabetes Monitoring Devices
  • Tracking & Diagnosis Apps
  • iOS
  • Android Based
  • Kit Accessories

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Applications, 2019-2030 (Value US$ Bn)

  • Single-Use
  • Dual-Use

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by End-Users, 2019-2030 (Value US$ Bn)

  • Home Settings
  • Hospital & Other Healthcare Settings
  • Other End Users

Global Smartphone Operated/Next-Generation Glucose Monitor Market, by Region, 2019-2030 (Value US$ Bn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)

  • U.S.
  • Canada

Europe Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Smartphone Operated/Next-Generation Glucose Monitor Market, by Country, 2019-2030 (Value US$ Bn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa 

Competitive Landscape

  • Company Overview
  • Financial Performance
  • Key Development
  • Latest Strategic Developments

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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The Smartphone Operated/Next-Generation Glucose Monitor Market worth $ 14.9 Billion by 2030

CAGR of 17.8% during the forecast period of 2022-2030.

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