According to a new research report, “US Glucose Monitoring Market Analysis”, by RNCOS, the US has witnessed rapidly increasing need and demand for continuous glucose meter, owing to the ease of usage and better patient comfort. The demand for continuous glucose meter will be driven by the awareness on diabetes among the people as well as the government organizations and the integration of insulin pump with the monitoring devices. The continuous blood glucose meter market in the US is likely to grow by US$ 177.9 Million by 2015, growing at an impressive CAGR of around 14.2% during 2010-2015.
According to the latest report by RNCOS, glucose monitoring market in the US has witnessed a rapid growth rate in the recent years on the back of various factors. The US accounts for the largest share in the market with 90-95% of the diabetics in the country suffering from type-II diabetes. High prevalence of diabetes, rising aging population, and the increasing incidence of diabetes associated with Western diets have contributed to such surprising growth in the diabetes population in the US, further affecting the market for glucose monitoring devices in the country.
The report, “US Glucose Monitoring Market Analysis” by RNCOS spread over in 55 pages provides an in-depth research and rational analysis of the current status and future scenario of the glucose monitoring market in the US. It also provides the future forecasts for blood glucose meter, continuous blood glucose meter, glucose strips, and lancets for 2010-2015. Additionally, analysis of the regulatory environment along with recent industry developments has been included in the report to provide a balanced outlook on the potentials of the US glucose monitoring market.
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Article By: Shushmul Maheshwari