India Glucose Monitoring Devices Market to Grow with a CAGR of 7.08% through 2030
Rising prevalence of diabetes and growth in the use of
non-invasive glucose monitoring devices is expected to drive the India Glucose
Monitoring Devices Market growth in the forecast period, 2026-2029.
According to
TechSci Research report, “India Glucose Monitoring Devices Market -Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the India Glucose Monitoring Devices Market stood at USD 366.53 Million in
2024 and is anticipated to grow with a CAGR of 7.08% in the forecast period through 2030. The Glucose Monitoring Devices Market in India is growing rapidly
due to factors such as increased diabetes prevalence, aging population,
technological advancements, and the popularity of self-monitoring devices.
Also,
government initiatives to spread awareness about diabetes management and the
availability of affordable and user-friendly monitoring devices are playing a
significant role in market expansion. These factors contribute to the rising
demand for user-friendly and affordable monitoring devices, enabling effective
diabetes management.
India's market
for glucose monitoring devices is experiencing remarkable growth, driven by the
increasing cases of diabetes and a rising awareness of the disease's
management. This growth is fueled by the country's vast population, which is
escalating the demand for glucose monitoring devices, especially given the high
prevalence of diabetes in the region. Additionally, the market's expansion is
further stimulated by the advent of advanced technologies that have made
glucose monitoring more accessible, convenient, and accurate. Continuous
Glucose Monitoring (CGM) systems and Self-Monitoring Blood Glucose (SMBG)
devices dominate the market. CGM systems, though costlier, provide real-time
glucose readings around the clock, allowing for more precise diabetes
management. On the other hand, SMBG devices are more affordable and widely
used, particularly in remote and rural areas.
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However, despite
the robust growth, the market faces challenges, including the high cost of
advanced devices and lack of access to these medical technologies in remote
areas of the country. Moreover, a significant part of the population remains
unaware of their diabetes condition, indicating that the potential of the
market is yet to be fully realized.
Yet, the
government's initiatives to combat diabetes and promote healthier lifestyles,
coupled with the increasing penetration of health insurance, are likely to fuel
the market's growth in the future. Furthermore, the growing adoption of
telemedicine and digital health platforms will play a crucial role in extending
the reach of glucose monitoring devices to India's vast populace.
The glucose
monitoring devices market in India is poised for substantial growth, propelled
by the rising prevalence of diabetes and the advent of advanced, user-friendly
technologies. With increased government initiatives and the expansion of
digital health platforms, the market is set to overcome its challenges and tap
into its immense potential, benefiting both the healthcare industry and
individuals managing diabetes in the country.
The India Glucose
Monitoring Devices Market is segmented into product, application, end user, regional
distribution, and company.
Based on end
user, Home Care Settings sector will experience remarkable growth
and emerge as the dominant player. This growth can be attributed to several
factors. There is a rising preference among patients for self-monitoring
devices in the comfort of their own homes. These devices provide convenience
and empower individuals to take charge of their own health. The ability to
monitor blood glucose levels regularly and easily enables patients to make
informed decisions about their diet, exercise, and medication, leading to
better management of their condition.
Advancements in technology have made these devices more user-friendly. With
intuitive interfaces and seamless connectivity to smartphones and other
devices, patients of all ages and backgrounds can effortlessly use these
monitoring devices. The availability of real-time data and personalized
insights further enhances patient engagement and adherence to treatment plans. Likewise,
the ongoing COVID-19 pandemic has further accelerated the adoption of remote
patient monitoring. With the need to minimize hospital visits and maintain
social distancing, home care settings have become even more crucial in ensuring
continuous and effective healthcare delivery. Glucose monitoring devices in
home care settings enable healthcare professionals to remotely monitor patients'
glucose levels, provide timely interventions, and make necessary adjustments to
their treatment plans. This remote monitoring not only ensures the safety of
patients but also reduces the burden on healthcare facilities, allowing them to
focus on critical cases. With these factors combined, the Home Care Settings
segment is poised to witness substantial growth and play a pivotal role in
shaping the India Glucose Monitoring Devices Market. The convenience,
user-friendliness, and effectiveness of self-monitoring devices, along with the
increased focus on remote patient monitoring, are driving the demand for
glucose monitoring devices in home care settings, making it a key driver of
market growth.
Based on region,
the western region of India, encompassing states like Maharashtra and Gujarat,
is currently dominating the Indian Glucose Monitoring Devices Market. This can
be attributed to several factors, including the region's advancing healthcare
infrastructure and growing awareness about diabetes management among the
population. One of the key drivers for
the surge in demand for glucose monitoring devices in this region is the
presence of major cities like Mumbai and Pune. Renowned for their medical
facilities and healthcare services, these cities act as hubs for the diagnosis,
treatment, and management of diabetes. With a significant number of hospitals,
clinics, and specialized diabetes centers, patients have easy access to quality
healthcare and are more inclined to adopt glucose monitoring devices for effective
diabetes management.
Another
contributing factor is the higher disposable income of individuals in the
western region. As economic growth continues to rise, people have more
financial resources to allocate towards their health and wellness. This,
coupled with increased health consciousness, has led to a greater emphasis on
preventive healthcare measures, including regular glucose monitoring. The
western region of India stands out in the Indian Glucose Monitoring Devices
Market due to its advancing healthcare infrastructure, growing awareness about
diabetes management, the presence of major cities with top-notch medical
facilities, and the higher disposable income of the population. These factors
collectively contribute to the region's sustained growth and dominance in the
market.
Major companies
operating in India Glucose Monitoring Devices Market are:
- Roche
Diagnostics India Pvt. Ltd.
- Abbott India Ltd.
- Becton Dickinson Pvt. Ltd.
- ARKRAY Healthcare Pvt. Ltd.
- B. Braun Medical (India) Pvt. Ltd.
- Johnson & Johnson Ltd.
- India Medtronic Private Ltd.
- Pulsatom Health Care Pvt. Ltd.
- Bio-Rad laboratories India Pvt.Ltd.
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“The future of
the Glucose Monitoring Devices Market in India looks promising. With the
growing prevalence of diabetes and an increasing awareness of proactive health
management, demand for these devices is expected to rise substantially.
Innovations in technology, such as the development of Continuous Glucose
Monitoring (CGM) systems, are likely to add further impetus to the market.
Additionally, government initiatives to improve healthcare infrastructure and
the rise of healthcare startups are also contributing to a positive market
outlook”, said Mr. Karan Chechi, Research Director, TechSci Research, a
research-based management consulting firm.
“India Glucose
Monitoring Devices Market By Product (Self-Monitoring Glucose Devices and
Continuous Glucose Monitoring Devices), By Application (Type 1 Diabetes, Type 2
Diabetes, Gestational Diabetes), By End User (Home Care Settings, Hospital,
Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth
potential of India Glucose Monitoring Devices Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in India Glucose Monitoring Devices Market.
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