The global self-monitoring blood glucose (SMBG) device market is expected to grow significantly over the next few years, driven by the increasing prevalence of diabetes and the need for effective diabetes management. Renub Research provides a comprehensive analysis of the SMBG device market, covering key aspects such as market size, growth drivers, and future outlook.
Market Size and Growth
The global SMBG device market was valued at US$ 36.64 Billion in 2021 and is expected to reach US$ 46.69 Billion by 2027, growing at a compound annual growth rate (CAGR) of 4.12% from 2021 to 2027. This growth is primarily driven by the increasing prevalence of diabetes, lifestyle changes, and the importance of regular diabetes treatment to lower the risk of hyperglycemia.
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Market Segmentation
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