Glucose Sensor Market 2018 Leading Growth Drivers, Emerging Audience, Segments, Sales, Profits & Analysis

Glucose sensors are
inserted under skin to measure glucose (sugar) levels. These sensors
are connected wirelessly to the continuous glucose monitoring system.
They offer data to the monitoring system or smart compatible devices
that aid to track the level of blood glucose in a patient at regular
intervals.

Global
Glucose Sensor Market: Drivers

Increasing number of
pipeline studies to develop new glucose sensors is expected to boost
the glucose sensor market growth. For instance, in April 2018,
University of California San Diego, in collaboration with National
Institutes of Health (NIH), initiated the clinical study for adhesive
glucose sensor to measure sweat glucose of patients with diabetes.
The main aim of this clinical study is to explore the accuracy and
acceptability of a non-invasive, wearable glucose sensor in
patients living with Diabetes Mellitus. The study is estimated
to be completed by June 2019.

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Moreover, new
product launches for measuring blood glucose levels is also expected
to contribute to growth of the glucose sensor market size. For
instance, in December 2018, Nemaura Medical Inc., a medical
technology company developing sugarBEAT, signed licensing and
distribution agreement with Doha-based Al-Danah Medical Co. to
commercially launch sugarBEAT in Qatar by 2019. sugarBEAT is the
first painless, non-invasive continuous glucose monitor (CGM) for use
by diabetic and pre-diabetic patients.

Global
Glucose Sensor Market: Regional Analysis

On the basis of
region, the global glucose sensor market is segmented into North
America, Latin America, Europe, Asia Pacific, Middle East, and
Africa.

North America is
expected to witness significant growth in the glucose sensor market,
owing to presence of major players and launch of new products in this
region. For instance, in July 2018, Abbott Laboratories received the
U.S. Food and Drug Administration (FDA) approval for its
FreeStyle Libre 14 day Flash Glucose Monitoring System. The
system allows a  diabetic patient to wear the sensor up to 14
days and offers results with high accuracy. It is the first
continuous glucose monitoring system that can be used by diabetic
patients to take diabetes treatment decisions without using a blood
sample from the fingertip. The systems eliminates the need for
fingerstick testing by using a small sensor wire inserted below the
skin’s surface. This sensor continuously measures and monitors
glucose levels.

Key players
operating in the global glucose sensor market include, Abbott
Diagnostics, Pinnacle Technologies, Inc., 77 Elektronika KFT,
Sanofi-Deutschland GmbH, Life Scan (Johnson and Johnson Company),
Universal Biosensors, Diamontech GmbH, Medical Wireless Sensing Ltd,
Medtronic MiniMed, Inc. Bayer Healthcare, DexCom Inc., Nova
Biomedical Corporation, Terumo Europe NV, Arkay, Inc., and Roche
Diagnostics.

Global
Glucose Sensor Market: Taxonomy

By Product
Type

By Technique

By End User

By Region

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Sensor Market

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