Checking up: Demand from older individuals and the growing diabetic rate will spur revenue
IBISWorld’s Glucose Meter Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 06-11
Annual Growth 11-16
Industry Analysis & Industry Trends
Clean bill of health
The diabetes market is gaining increasing attention from medical device manufacturers. The aging population in the United States will continue to fuel the Glucose Meter Manufacturing industry's growth. Furthermore, the growing number of diabetics in the United States will boost demand. Nevertheless, competition will continue increasing and increased regulation will promote consolidation.
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Industry Report - Industry Key Buyers Chapter
The top four companies in the Glucose Meter Manufacturing industry are expected to generate 90.5% of revenue in 2011. The concentration is so high because insurance companies often only pay for products that have a long history of being certified by the FDA and because consumers continue to purchase testing strips from producers of their glucose meter, since the meter is calibrated for those strips only. This percentage of revenue is expected to decline in the next five years as a result of more products on the market. Cheaper products, like Walmart's line of glucose meters, are becoming popular for infrequent (e.g. pre-diabetics) or lower-income users... purchase to read more
What is the Glucose Meter Manufacturing Industry?
This industry develops and produces blood glucose meters and testing supplies that help users monitor blood glucose levels. Most manufacturers also develop other medical devices.
Meters that require 0.3 microliters of bloodMeters that require 0.5 microliters of bloodMeters that require 0.6 microliters of bloodMeters that require 0.7 microliters of bloodMeters that require 1.0 microliters of bloodMeters that require more than 1.0 microliter of blood
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