|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 366.53 Million
|
|
Market Size (2030)
|
USD 550.20 Million
|
|
CAGR (2025-2030)
|
7.08%
|
|
Fastest Growing Segment
|
Continuous Glucose Monitoring Devices
|
|
Largest Market
|
West India
|
Market Overview
India Glucose Monitoring Devices Market was valued at USD 366.53 Million in 2024 and is anticipated to reach USD 550.20 Million by 2030, with a CAGR of 7.08% during 2025-2030. The Glucose
Monitoring Devices market encompasses the entire ecosystem revolving around the
development, manufacturing, distribution, and sale of devices used for the
precise measurement and continuous monitoring of blood glucose levels. These
devices play a pivotal role in effectively managing diabetes, catering to a
wide range of needs and preferences. From traditional blood glucose meters that
require a finger prick to obtain readings, to advanced continuous glucose
monitoring systems that provide real-time data on glucose levels, the market
offers diverse options for individuals with diabetes.
The market is primarily driven by
several factors, including the increasing prevalence of diabetes on a global
scale. With the rising number of individuals diagnosed with diabetes, the
demand for reliable and accurate glucose monitoring devices has witnessed a
significant surge. Moreover, technological innovations have revolutionized the
landscape of glucose monitoring, introducing advanced features and functionalities
that enhance user experience and convenience. Additionally, there has been a
growing awareness and emphasis on early diabetes management, as it is widely
acknowledged that proactive monitoring and control of blood glucose levels can
significantly improve the quality of life for individuals living with diabetes.
This shift in mindset has further fueled the demand for glucose monitoring
devices, as more people recognize the importance of timely interventions and
proactive measures in managing their condition effectively. The Glucose
Monitoring Devices market is a dynamic and rapidly evolving industry,
constantly striving to meet the ever-changing needs and expectations of
individuals with diabetes. The continuous advancements in technology, coupled
with the growing awareness and understanding of diabetes management, are
expected to drive further growth and innovation in this crucial sector.
Key Market Drivers
Rising
Prevalence of Diabetes
The rising prevalence of diabetes in
India is undeniably increasing the demand for glucose monitoring devices in the
country. Diabetes has reached epidemic proportions in India, with millions of
individuals living with the condition, and this growing health concern has led
to a significant uptick in the demand for tools to manage and monitor blood
glucose levels. India is often referred to as the diabetes capital of the world
due to the sheer number of individuals affected by the disease. In India, it is estimated that 77 million individuals over the age of 18 are affected by type 2 diabetes, with nearly 25 million at risk of developing the condition (pre-diabetics). Over 50% of these individuals are unaware of their diabetic status, which can result in severe health complications if not diagnosed and treated promptly. As lifestyles
change, including dietary habits and physical activity levels, the prevalence
of both type 1 and type 2 diabetes has surged. People with diabetes require
regular monitoring of their blood glucose levels to manage their condition
effectively.
With the increasing awareness about
diabetes and the importance of early detection and effective management, there
is a growing emphasis on self-monitoring of blood glucose levels. Patients and
healthcare providers recognize the value of real-time data to make informed
decisions about medication, diet, and lifestyle changes. The proactive approach
to health and wellness is on the rise in India. Regular blood glucose
monitoring is seen not only as a way to manage diabetes but also as a
preventive measure to detect pre-diabetes and make lifestyle adjustments to
avoid progression to diabetes.
Growth
in The Aging Population
The growth of the aging population in
India is significantly increasing the demand for glucose monitoring devices.
India, like many other countries, is experiencing a demographic shift
characterized by a larger proportion of elderly individuals. The current senior population, aged 60 and above, is 153 million and is projected to increase to 347 million by 2050. This aging
population is more susceptible to chronic health conditions, including
diabetes, which has led to a surge in demand for tools that can help manage and
monitor blood glucose levels effectively. Aging is a significant risk factor
for developing type 2 diabetes. As individuals grow older, their bodies may
become less insulin-sensitive, increasing their susceptibility to diabetes.
This heightened risk necessitates regular monitoring of blood glucose levels to
manage the condition. Elderly individuals often have multiple health issues,
including diabetes. Managing diabetes alongside other chronic conditions
requires precise and consistent blood glucose monitoring to prevent
complications and ensure optimal health.
Improved healthcare and living
conditions have led to increased life expectancy in India. Longer life spans
mean that individuals are more likely to develop chronic health conditions like
diabetes, making the need for glucose monitoring devices more pronounced. Many
elderly individuals wish to maintain their independence and live at home for as
long as possible. Glucose monitoring devices empower them to self-manage their
diabetes, reducing the need for frequent hospital visits and enabling them to
lead more active and autonomous lives. There is a growing awareness among both
healthcare providers and the elderly population about the importance of regular
blood glucose monitoring for diabetes management. This awareness has
contributed to increased demand for glucose monitoring devices. The aging
population in India is driving up the demand for glucose monitoring devices due
to the increased risk of diabetes and the desire for better management of
chronic conditions among elderly individuals. These devices play a vital role
in helping older adults maintain their health, independence, and overall
quality of life as they age.
Technological
Advancements
Technological advancements are playing a
pivotal role in increasing the demand for glucose monitoring devices in India.
These innovations are reshaping the landscape of diabetes management by making
blood glucose monitoring more convenient, accurate, and accessible. Continuous
Glucose Monitoring (CGM) systems have revolutionized diabetes management by
providing real-time data on blood glucose levels 24/7. These systems offer a
comprehensive view of glucose fluctuations, allowing individuals to make
immediate adjustments to their insulin doses, diet, and physical activity. For example, in September 2023, India-based startup Bonatra has introduced the Smart Ring X1, a wearable device that monitors various health parameters such as heart rate, blood oxygen levels (SpO₂), and sleep quality. The Smart Ring X1 integrates with the Bonatra app to report these metrics and syncs with continuous glucose monitors (CGMs) to generate a metabolic score. The
availability and adoption of CGM technology in India have significantly
increased, driven by the desire for better glycemic control.
Many modern glucose monitoring devices
can sync with smartphones and wearable devices, allowing users to conveniently
track and share their glucose data with healthcare providers and caregivers.
The integration of mobile apps and cloud-based platforms has made it easier to
manage diabetes and receive timely support and guidance. Technological
advancements have led to the development of smaller, more portable glucose
monitoring devices. These devices are discrete and can be carried easily,
encouraging regular monitoring, even in public settings. Improved sensor
technology and algorithms have enhanced the accuracy and precision of glucose
monitoring devices, reducing the risk of false readings. This reliability is
crucial for informed decision-making and better diabetes management.
Improvements
in Healthcare Infrastructure
Improvements in healthcare
infrastructure in India are significantly increasing the demand for glucose
monitoring devices. Better healthcare infrastructure means that more
individuals in India have improved access to healthcare services, including
diabetes diagnosis and management. With an increasing number of people seeking
medical care, the demand for glucose monitoring devices has risen.
Improved healthcare infrastructure often
goes hand in hand with increased awareness and education about chronic diseases
like diabetes. Healthcare providers and public health campaigns are educating
the population about the importance of regular blood glucose monitoring for
early detection and effective management of diabetes. This awareness has led to
greater demand for glucose monitoring devices. The development of specialized
diabetes centers and clinics has expanded across India. These centers offer
comprehensive diabetes care, including the provision of advanced glucose
monitoring devices. Patients are more likely to receive regular monitoring and
personalized treatment plans, leading to increased demand for these devices.
The Indian government has launched
several initiatives to address the rising burden of diabetes. For example, the Ministry of Health and Family Welfare has initiated an ambitious program to screen and provide standard care to 75 million individuals with hypertension or diabetes by 2025. These initiatives
often include the provision of glucose monitoring devices to underserved
populations, further boosting demand. Healthcare infrastructure improvements
have facilitated the integration of technology into healthcare delivery. This
includes the use of electronic health records (EHRs) and telemedicine
platforms, making it easier for healthcare providers to remotely monitor
patients' glucose levels and adjust treatment plans as needed. The adoption of
more urbanized and sedentary lifestyles has contributed to an increase in
lifestyle-related diseases, including diabetes. As a result, more people are
seeking medical attention and monitoring their glucose levels, leading to
higher demand for monitoring devices.
Key Market Challenges
High
Cost of Glucose Monitoring Devices
Many individuals in India, particularly
those from low-income backgrounds, find it challenging to afford the upfront
costs associated with purchasing glucose monitoring devices. The recurring
expenses for test strips and sensors can also strain their finances over time. Health
insurance coverage for glucose monitoring devices and related supplies remains
limited in India. This means that individuals often have to bear the full cost
of these devices out of pocket, making them less accessible to a significant
portion of the population.
Healthcare providers, including
hospitals and clinics, often face budget constraints. The high cost of glucose
monitoring devices can deter these facilities from investing in the necessary
equipment, limiting access to comprehensive diabetes care for their patients. Rural
and underserved areas in India may have limited access to healthcare services
and resources. High-cost glucose monitoring devices are less likely to be
available or affordable in these regions, leaving individuals with fewer
options for diabetes management. High device costs can discourage individuals
from monitoring their blood glucose regularly, leading to poor adherence to
diabetes management plans. This, in turn, can result in suboptimal disease
control and increased healthcare costs due to complications.
Limited
Availability of These Devices in Remote and Rural Areas
Remote and rural areas often have
limited access to healthcare facilities and medical supplies. Glucose
monitoring devices, including glucometers and test strips, may not be readily
available in these regions. This geographical disparity leads to reduced demand
for these devices due to their scarcity. Even when glucose monitoring devices
are available in urban centers, transportation barriers can hinder their
distribution to remote and rural areas. The cost and logistical challenges
associated with transporting these devices to distant locations further limit
their availability.
Individuals in remote and rural areas
may have limited awareness about the importance of blood glucose monitoring in
diabetes management. Without proper education and awareness campaigns, there
may be a lack of demand for these devices, as people may not fully understand
their significance. In many rural areas, where income levels are lower, the
affordability of glucose monitoring devices can be a major hurdle. Even if
these devices were more widely available, the cost could still be prohibitive
for many individuals, decreasing the demand. Remote and rural areas often have
underdeveloped healthcare infrastructure, including a shortage of trained
healthcare professionals. Without the necessary support and guidance from
healthcare providers, individuals may be less inclined to seek out glucose
monitoring devices.
Key Market Trends
Growth
in the Use of Non-Invasive Glucose Monitoring Devices
The growth in the use of non-invasive
glucose monitoring devices is playing a significant role in increasing the
demand for glucose monitoring devices in India. These non-invasive devices,
which measure blood glucose levels without the need for pricking the skin, have
garnered attention for their convenience and reduced discomfort. Non-invasive
glucose monitoring devices offer a less invasive and painless alternative to
traditional finger-stick methods. This improved comfort encourages individuals
with diabetes to monitor their blood glucose levels more regularly and
consistently, leading to better disease management. Non-invasive devices are
often user-friendly and require minimal training. This simplicity makes them
accessible to a broader population, including those who may have difficulty
with traditional fingerstick methods.
The increasing emphasis on preventive
healthcare in India has spurred interest in non-invasive monitoring.
Individuals are using these devices not only for diabetes management but also
for early detection and lifestyle adjustments to prevent the onset of diabetes.
Non-invasive monitoring devices empower individuals to take control of their
health. They provide valuable insights into glucose patterns and trends,
enabling users to make proactive decisions about their diabetes care. As the
use of non-invasive glucose monitoring devices continues to grow, it is likely
to further boost the overall demand for glucose monitoring devices in India.
These devices offer an attractive alternative for individuals with diabetes,
contributing to improved disease management and better health outcomes.
Increased
Use of Smart Glucometers
Smart glucometers allow users to easily
and wirelessly transfer their blood glucose data to smartphones or other
devices. This connectivity provides a seamless way to track and manage glucose
levels over time, facilitating more proactive diabetes management. Users can
access real-time glucose readings and trend data through dedicated mobile apps,
offering a comprehensive view of their condition. This instant access to
critical information empowers individuals with diabetes to make timely
adjustments to their treatment plans.
Smart glucometers enable data sharing
with healthcare providers, caregivers, and family members, facilitating remote
monitoring and timely interventions when necessary. This feature is especially
valuable in a country as vast as India, where access to healthcare facilities
may be limited in remote areas. Many smart glucometer apps include features for
tracking medication schedules, diet, and exercise routines. Users can set
reminders for medications and monitor the impact of lifestyle changes on their
blood glucose levels.
The user-friendly interfaces of smart
glucometers and accompanying apps make them accessible to a wide range of
users, including those who may not be tech-savvy. This ease of use encourages
more individuals to adopt these devices for regular monitoring. Continuous
technological advancements in smart glucometers, including enhanced accuracy,
smaller form factors, and longer battery life, make them increasingly
attractive to individuals seeking effective and convenient diabetes management
solutions.
Segmental Insights
Product Insights
Based on
the product, continuous glucose monitoring (CGM) devices are anticipated to
dominate over Self-Monitoring Glucose Devices (SMBG). The CGM devices provide
real-time glucose level readings, enabling users to take immediate action based
on accurate data. This eliminates the need for frequent finger pricking, a
downside of SMBG devices, making CGM a more convenient and user-friendly option
for individuals managing diabetes.
Moreover,
the continuous tracking feature of CGM devices allows for better glucose
management by providing valuable insights into glucose patterns and trends.
This comprehensive data empowers users to make informed decisions about their
dietary choices, exercise routines, and medication adjustments, ultimately
leading to more effective diabetes management and the prevention of potential
complications associated with the condition. By leveraging the valuable
information provided by CGM devices, individuals can take proactive steps
towards achieving optimal glucose control and maintaining overall health and
well-being.
Application Insights
Based on application,
the prevalence of Type 2 Diabetes is anticipated to have a substantial impact
on the demand for glucose monitoring devices in India. This particular
variation of the disease, which is frequently linked to lifestyle factors such
as diet and physical activity, is witnessing a rapid surge in cases due to the
changing lifestyles and eating habits of the population. This shift in health
patterns has created a pressing need for effective management and monitoring of
Type 2 Diabetes, thereby fueling the growth of the glucose monitoring device
market in India. As healthcare providers and individuals strive to tackle this
health challenge, the demand for advanced and reliable glucose monitoring devices
is expected to grow correspondingly, contributing to the overall improvement of
diabetes care in the country.
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Regional Insights
The
Western region of India, particularly spearheaded by states like Maharashtra
and Gujarat, is expected to exert a significant influence over the Glucose
Monitoring Devices Market. This can be attributed to several factors including
a higher prevalence of diabetes, a more developed healthcare infrastructure,
and an increasing awareness of the importance of self-monitoring glucose
devices among the population in these states. As a result, these states are
likely to witness a greater adoption of glucose monitoring devices, leading to
a substantial growth in the market within the region.
Also,
the Western region of India has been at the forefront of technological
advancements in healthcare, with major cities like Mumbai and Ahmedabad serving
as hubs for medical research and innovation. This has paved the way for the
introduction of cutting-edge glucose monitoring devices that offer improved
accuracy, convenience, and ease of use. Moreover, initiatives taken by the
state governments to promote diabetes management and control have further
contributed to the growth of the glucose monitoring devices market in this
region. These initiatives include awareness campaigns, subsidized healthcare
services, and the establishment of specialized diabetes care centers. With the
rising prevalence of diabetes and the increasing focus on proactive healthcare
management, the demand for glucose monitoring devices is expected to soar in
the Western region of India. This presents a lucrative opportunity for
manufacturers and suppliers to cater to the needs of a large and growing
consumer base.
Recent Developments
- In March 2022, Medtronic India unveiled the MiniMed 780G, a cutting-edge
closed-loop insulin pump system. This advanced system is designed for the
treatment of type-1 diabetes in individuals aged 7 to 80 years.
- In February 2022, Eyva, a Hyderabad-based startup, introduced BlueSemi,
a non-invasive glucose monitor proudly designed and manufactured in India.
Key Market Players
- 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.
|
By Product
|
By Application
|
By End User
|
By Region
|
|
- Self-Monitoring
Glucose Devices
- Continuous Glucose Monitoring
Devices
|
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
|
- Home Care Settings
- Hospital
- Others
|
|
|
|
|
|
|
Report
Scope:
In this
report, the India Glucose Monitoring Devices Market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- India Glucose Monitoring Devices
Market,
By Product:
o
Self-Monitoring
Glucose Devices
o
Continuous Glucose
Monitoring Devices
- India Glucose Monitoring Devices
Market,
By Application:
o
Type 1 Diabetes
o
Type 2 Diabetes
o
Gestational Diabetes
- India Glucose Monitoring Devices
Market,
By End User:
o
Home Care Settings
o
Hospital
o
Others
- India Glucose Monitoring Devices
Market,
By Region:
o
North
o
South
o
West
o
East
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present in the India Glucose Monitoring Devices Market.
Available
Customizations:
India Glucose
Monitoring Devices Market report with the given market data, Tech Sci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
India Glucose Monitoring Devices Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]