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.
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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). 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.
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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