India Blood Glucose Monitoring Devices Market Size Booming to Worth USD 582 Million by 2030

Published | 10 July 2024

India Blood Glucose Monitoring Devices Market is flourishing due to a rising prevalence of diabetes, increasing adoption of technological advancements, and growing awareness and emphasis on early diagnosis, treatment, and management of diabetes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Blood Glucose Monitoring Devices Market size by value at USD 335.76 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Blood Glucose Monitoring Devices Market size to expand at a CAGR of 7.32% reaching a value of USD 582.51 million by 2030. The Blood Glucose Monitoring Devices Market in India is propelled by the increasingly high prevalence of diabetes mellitus across the country, which has become aggravated due to its impact during the COVID-19 pandemic. The growing elderly population, a demographic more susceptible to diabetes, further fuels the market expansion. Growing awareness about preventive healthcare and sedentary lifestyles in urban areas are also major contributing factors to the growth of India Blood Glucose Monitoring Devices Market.

By volume, BlueWeave estimated India Blood Glucose Monitoring Devices Market size at 187.2 million strips in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Blood Glucose Monitoring Devices Market size by volume is projected to grow at a CAGR of 7.26% reaching the volume of 256.6 million strips by 2030. The growing population of in both Type 1 and Type 2 diabetes patients, particularly insulin-dependent cases, necessitates advanced monitoring systems, is boosting the growth of India Blood Glucose Monitoring Devices Market.

Sample Request @ https://www.blueweaveconsulting.com/report/india-blood-glucose-monitoring-devices-market/report-sample

Opportunity –Supportive policy initiatives for diabetes management

With an estimated 74.2 million diabetic individuals, India prioritizes diabetes management. The National Health Mission aims to tackle the intensifying challenge through various initiatives. The National Programme for Non Communicable Diseases (NCDs) strengthens healthcare infrastructure and promotes early detection. Free NCD screenings are offered at ‘Ayushman Bharat’ centers. The Indian government subsidizes essential diabetes medication for the underprivileged and facilitates access to affordable generic medicines through Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP). Additionally, government hospitals provide subsidized or free treatment, and eligible families can receive in-patient care coverage under Pradhan Mantri Jan Arogya Yojana (PM-JAY). By supporting research, the government strives for advancements in diabetes management. This multi-pronged approach ensures prevention, diagnosis, and affordable treatment for the significantly expanding diabetic patient population in India.

Impact of Escalating Geopolitical Tensions on India Blood Glucose Monitoring Devices Market

Intensifying geopolitical tensions can have a multifaceted impact on India Blood Glucose Monitoring Devices Market. Device manufacturers heavily reliant on international components may face challenges in sourcing materials, leading to potential supply shortages and price fluctuations. Moreover, geopolitical instability can dampen investor confidence and hinder market growth initiatives. To mitigate these impacts, local manufacturing capabilities and diversified supply chains can offer resilience. Additionally, strategic partnerships and regulatory measures aimed at stabilizing trade relations can help mitigate risks and sustain market stability for blood glucose monitoring devices in India.

India Blood Glucose Monitoring Devices Market

Segmental Coverage

India Blood Glucose Monitoring Devices Market – By Region

The in-depth research report on India Blood Glucose Monitoring Devices Market covers the market in North India, South India, East India, and West India regions. Regionally, West India holds the highest share in India Blood Glucose Monitoring Devices Market and is expected to maintain its dominance during the period in analysis. The region's expanding healthcare facilities, increasing affluence among residents, and rising awareness regarding diabetes care. Major urban centers such as Mumbai and Pune play pivotal roles as centers for diagnosing, treating, and managing diabetes, bolstering continuous market expansion in the area.

Competitive Landscape

India Blood Glucose Monitoring Devices Market is fragmented, with numerous players serving the market. The key players dominating India Blood Glucose Monitoring Devices Market include Abbott Diabetes Care, Roche Diabetes Care, LifeScan, Dexcom Inc, Medtronic PLC, Arkray Inc, Ascensia Diabetes Care, Agamatrix Inc, and Trivida Health. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of India Blood Glucose Monitoring Devices Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and India Blood Glucose Monitoring Devices Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Blood Glucose Monitoring Devices Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

About Us

BlueWeave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.

Contact Us:

BlueWeave Consulting & Research Pvt Ltd

+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662

info@blueweaveconsulting.com