Low levels: Stringent reimbursement rates will subdue growth in the short term

Some mass merchandisers and chain retailers, including Target and Walmart, have introduced low-cost, private-label glucose meters, which has intensified price-based competition for operators. Nevertheless, during the five years to 2016, industry revenue is expected to grow slightly. During the five years to 2021, industry revenue is forecast to grow. In 2013, the International Organization for Standardization (ISO) implemented more stringent accuracy requirements for blood glucose meters, inciting the Food and Drug Administration (FDA) to update its standards in 2014. In response to more regulations, glucose meter manufacturers will contend with developing more accurate glucose meters, while also producing low-cost equipment that is accessible to many users...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
0.4%
Forecast Growth 16-21
Profit
Employment
11,531
Businesses
111
Market Share of Companies

Industry Threats & Opportunities

  • Demand from a growing number of diabetics has sustained growth in recent years
  • Legislative uncertainty regarding CGMs has hampered growth rates
  • As disposable income rises, more diabetics will be able to afford glucose meters
  • Industry Report - Industry Key Buyers Chapter

    The Glucose Meter Manufacturing industry is characterized by a low-to-moderate level of market share concentration. In 2016, the top four companies are expected to account for 37.7% of total revenue. The industry was more concentrated in previous years, due to a few large-scale, diversified healthcare companies expanding to include glucose meters in their product portfolio. However, the regulatory landscape has caused the industry to become less concentrated. In 2013, Medicare slashed its reimbursements for test strips significantly, a key input commodity for diabetic patients to use glucoses meters. Since most glucose meter manufacturers also produce test strips, they have contended with significant constraints to their revenue growth over the period. In ...purchase to read more.

    Additional Insights for the Glucose Meter Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Glucose Meter Manufacturing Industry are

  • Access to highly skilled workforce
  • Ability to quickly adopt new technology
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Per capita disposable income in the Glucose Meter Manufacturing industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Glucose Meter Manufacturing Industry?

    The Glucose Meter Manufacturing industry develops and produces blood glucose meters and testing supplies that help users monitor blood glucose levels. Most manufacturers also develop other medical devices.

    Industry Products
  • Continuous glucose monitoring (CGM) systems and meters
  • Insulin delivery
  • Oral antidiabetic
  • Industry Activities
  • Diabetes market research
  • Glucose meter monitoring research and development
  • Glucose meter
  • Glucose meter accessory
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Per capita disposable income
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older
  • Regulation
  • Trade-weighted index
  • Healthy eating index

  • Current Performance
  • Industry landscape
  • Regulatory framework and trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology
  • International trade
  • Table: Glucose Meter Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Glucose Meter Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Specialist Doctors
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Manufacturing
  • Scientific Research & Development

  • Products & Services
  • Oral antidiabetic
  • Insulin delivery
  • Continuous glucose monitoring (CGM) systems and meters
  • Chart: Glucose Meter Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 40 to 54
  • Individuals aged 55 to 64
  • Individuals aged 65 and older
  • Individuals aged 39 and younger
  • Chart: Major Market Segmentation for the Glucose Meter Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Glucose Meter Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Glucose Meter Manufacturing Industry

  • Industry Globalization
    Johnson & Johnson, Roche,
  • Table: Johnson & Johnson - financial performance
  • Table: Roche - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Glucose Meter Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Glucose Meter Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of adults aged 65 and older (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    510(K)
  • Premarket notification for most devices, named for the section of the law that requires these submissions.
  • Commoditized
  • A situation where there is a lack of meaningful differentiation in the manufactured goods.
  • Lifestyle Diseases
  • Diseases that appear to increase in frequently as countries become more industrialized and people live longer. Examples include obesity, heart disease and type 2 diabetes.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Glucose Meter Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Glucose Meter Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Glucose Meter Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Glucose Meter Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear