Description
Growing
geriatric population and high prevalence of diabetes is anticipated to drive
the demand for POC blood glucose monitoring devices. For diabetic patients, it
is essential to monitor glucose molecules in the blood on a frequent basis.
Regular glucose monitoring helps in keeping sugar levels under control. Data
obtained from monitoring is essential for taking decisions related to insulin
dosage, diet, and exercise routine. POC blood glucose monitoring devices are
mostly used in clinics, hospitals, homecare settings, and diagnostic centers
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Sensor Monitoring Devices to Replace
Invasive Devices
Major
product variants of POC blood glucose monitoring devices are wearable and
non-wearable devices. In case of wearable monitoring devices, users can
actually wear these devices on their body to measure glucose level. Such
devices are usually quite compact in size and are highly advanced in nature.
DIA-VIT, SugarBeat, GlucoTrack, and Glucosense Diagnostics are few examples of
wearable blood glucose monitoring devices. Most of these devices are
non-invasive, which does not require users to prick their finger before use.
Generally, non-invasive monitoring devices are equipped with advanced sensors
or lasers to generate real-time measurements.
Non-wearable
blood glucose monitoring devices, as the name suggests, do not require users to
wear them. Selection of wearable and non-wearable devices depends on a
patient’s health. If a patient requires continuous blood glucose monitoring,
then wearable blood glucose monitoring devices are the best choice. High
prevalence of type 2 diabetes is likely to increase the demand for superior
monitoring devices. To cater to this demand, a number of manufacturing
companies are investing significantly in R&D to design advanced
products.
For
instance, a German company named DiaMonTech has designed an advanced
non-invasive medical device to measure glucose level in the blood. The device
is equipped with an advanced infrared laser, which can read blood glucose
levels within 15 seconds. Users will not be needed to prick their fingers to
get required readings. All they need to do is place their finger on a sensor
present on the device and their blood glucose readings will be displayed in
real-time.
Market Insights
Growing
number of diabetic patients across the globe is expected to drive the global
POC blood glucose monitoring devices during the forecast period (2017-2022),
according to a report on Radiant Insights Inc. In addition, increasing adoption
of compact non-invasive and innovative products for monitoring glucose levels
on a routine basis can augment the growth. Moreover, easy availability of
Continuous Glucose Monitoring for Diabetes (CGMS) and Self-Monitoring of Blood
Glucose (SMBG) systems in the market is likely to contribute well for the
market in coming years
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Some
of the prominent players in the market are Johnson & Johnson; F.
Hoffmann-La Roche Ltd; Abbott Laboratories; ARKRAY, Inc.; and Bayer AG; Dexcom,
Inc
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