The
Indonesia glucometer market is anticipated to witness impressive growth during
the forecast period. This
can be ascribed due
to growing awareness among individuals about the importance of diabetes
management and the role of glucometers in monitoring blood glucose levels.
Health campaigns, educational initiatives, and the efforts of healthcare
professionals have contributed to increased awareness, driving the demand for
glucometers.
Indonesia was ranked seventh across the world for having 10.3
million diabetes cases. Technological advancements have improved the
accuracy, convenience, and user-friendliness of glucometers. Features such as
smaller sample sizes, faster testing times, wireless connectivity, integration
with mobile apps, and data storage capabilities have made glucometers more
appealing and effective for individuals managing diabetes. Continuous glucose
monitoring systems are gaining popularity due to their ability to provide
real-time glucose monitoring without the need for frequent finger pricking.
These systems offer convenience and continuous data tracking, allowing
individuals to make more informed decisions regarding their diabetes
management. The Indonesian government, along with healthcare institutions, is
taking initiatives to address the growing burden of diabetes. Efforts such as
subsidizing healthcare costs, providing access to affordable glucometers and
test strips, and implementing diabetes management programs contribute to the
growth of the glucometer market.
From 2022 to 2028, Indonesia will probably
increase its healthcare spending by USD 30.18 billion, in which spending
will value to a total of USD 69.3 billion in 2028. Also, expanding
distribution channels beyond traditional retail pharmacies to include online
platforms and e-commerce can increase the accessibility and reach of
glucometers to a wider consumer base. Collaboration with online retailers and
digital health platforms can open new avenues for product distribution.
Collaboration between glucometer manufacturers, healthcare organizations, and
government agencies can lead to public-private partnerships. These partnerships
can drive initiatives for diabetes management, awareness campaigns, and subsidized
or affordable access to glucometers for individuals in need.
Advancement in Glucometer
Technology
Advancements in glucometer
technology have played a significant role in improving the accuracy,
convenience, and functionality of these devices in Indonesia. Glucometers now
require smaller blood sample sizes for glucose testing, reducing the discomfort
associated with finger pricking. This advancement is particularly beneficial
for individuals who need to test their glucose levels frequently. Glucometers
have become faster in providing results, with some devices delivering readings
in as little as a few seconds. This allows for quick and convenient monitoring
of blood glucose levels, saving time for individuals managing diabetes.
Manufacturers are continually working to improve the accuracy of glucometers.
Advanced technologies and algorithms are employed to minimize errors and
provide more precise glucose measurements, helping individuals make more
informed decisions about their diabetes management. Manufacturers have
introduced glucometers with additional features, such as integrated insulin
dose calculators, medication reminders, and dietary guidance. These all-in-one
devices aim to simplify diabetes management by consolidating multiple
functionalities into a single device. Strip-free glucometers use innovative
technologies such as laser and infrared to measure glucose levels without the
need for test strips. These devices offer a more convenient and cost-effective
solution by eliminating the need to purchase and handle test strips. Many
modern glucometers come equipped with wireless connectivity options such as
Bluetooth. This allows users to effortlessly transfer glucose data to
smartphones, tablets, or other devices, enabling convenient data tracking and
analysis. Glucometers can now be seamlessly integrated with mobile apps
specifically designed for diabetes management. These apps enable users to store
and track their glucose readings, set reminders for testing, track medication
and food intake, and share data with healthcare professionals for better
management. Glucometers now offer improved data storage capacity, allowing
users to store a larger number of glucose readings. Some glucometers also
provide data analysis tools that help individuals track patterns, identify
trends, and adjust their diabetes management plan. Traditionally, glucose
testing involved pricking the fingertip. However, some glucometers now allow
for alternative site testing, such as testing on the forearm or palm. This
provides flexibility and convenience for individuals who prefer testing on less
sensitive areas. Non-invasive glucometers, which aim to measure glucose levels
without pricking the skin, are being developed and researched. These devices
utilize technologies such as optical sensors, transdermal patches, or
electromagnetic waves to measure glucose through the skin or other body fluids.
While still in the development stage, non-invasive glucometers hold the
potential to revolutionize glucose monitoring in the future. This factor will
help in the growth of Indonesia glucometer market.
Increasing Demand of
Continuous Glucose Monitoring System
Continuous glucose monitoring
(CGM) is a technology used to monitor glucose levels in real time throughout
the day and night. It involves wearing a small sensor under the skin that
measures glucose levels in the interstitial fluid. The sensor communicates
wirelessly with a receiver or a smartphone app, providing continuous glucose
readings and trends. The continuous glucose monitoring system consists of a
small sensor that is inserted under the skin, usually in the abdomen or arm.
The sensor measures glucose levels in the interstitial fluid, which closely
correlates with blood glucose levels. The continuous glucose monitoring system
provides real-time glucose readings at regular intervals, typically every few
minutes. This allows individuals to track their glucose levels continuously,
gaining insights into their glucose patterns and trends. Continuous glucose
monitoring systems often display trend arrows along with the glucose readings,
indicating the direction and rate of glucose change. Trend arrows can help
individuals understand how their glucose levels are changing and how quickly,
enabling them to make informed decisions regarding their diabetes management. Continuous
glucose monitoring systems can be programmed to provide alarms and alerts for
various glucose thresholds. These alarms can warn individuals when their
glucose levels are too high (hyperglycemia) or too low (hypoglycemia), helping
them take appropriate action to prevent extreme glucose fluctuations. Some continuous
glucose monitoring systems offer insulin dosing assistance, providing recommendations
for insulin doses based on the current glucose levels and trends. This feature
can help individuals fine-tune their insulin therapy and improve glucose
control. The continuous glucose monitoring market in Indonesia will probably
increase at a CAGR of 16.93% by 2028. Continuous glucose monitoring systems
offer several benefits, including improved glucose control, reduced
hypoglycemic events, and enhanced quality of life for individuals with
diabetes. This factor will accelerate the growth of Indonesia glucometer market.
Rise in Compact and Potable
Glucometer
Compact and portable
glucometers are designed to be lightweight and easy to carry, allowing
individuals to monitor their blood glucose levels conveniently, even while on
the go. These devices offer several benefits and features that cater to the
needs of individuals with diabetes who require mobility and flexibility in
their glucose monitoring. Compact glucometers are designed to be small and
lightweight, making them easy to carry in a pocket, purse, or bag. Their
compact size ensures that they take up minimal space and are highly portable.
Portable glucometers typically use replaceable batteries or have rechargeable
batteries. This eliminates the need for constant connection to a power source,
providing flexibility for individuals to use the device wherever they are.
Compact and portable glucometers are ideal for individuals who need to monitor
their blood glucose levels outside of their home or healthcare facility. They
enable on-the-go testing, allowing individuals to monitor their glucose levels
at work, while traveling, or during other activities. Portable glucometers are
designed with user-friendly features, such as simple interfaces, large and
easy-to-read displays, and straightforward navigation. These features make them
accessible and easy to operate, even for individuals with limited dexterity or
vision impairments. Compact glucometers provide rapid and accurate glucose
readings. They typically have quick test time, allowing individuals to obtain
their results within seconds or a few minutes. Accurate results are essential
for individuals to make informed decisions about their diabetes management.
Many portable glucometers have built-in memory to store previous glucose
readings. This factor will help in the increment of Indonesia glucometer market.
Recent Development
In 2023: Dexcom G6 CGM system
was introduced by Dexcom, Inc., which is a growing leader in continuous glucose
monitoring in Indonesia for diabetics.
In 2021: EOFlow said that it has agreed to export 45.3 billion won
worth of its EOPatch, i.e., wearable insulin pump, to PT. Prasati Nusantara
Sukses which is an Indonesian Medical Device Company.
In 2021: In Indonesia,
MiniMed 770G insulin device was launched by Medtronic.
Market
Segmentation
Indonesia glucometer market can be segmented into product type,
technique, type, distribution channel, end user, and region. By product
type, Indonesia glucometer
market can be segmented into
continuous glucose monitoring (CGM) systems and self-monitoring blood glucose
(SMBG) systems. By technique, Indonesia
glucometer market can be segmented into invasive and non-invasive. By type,
Indonesia glucometer market can be
segmented into wearable and non-wearable. By distribution channel, Indonesia glucometer
market can be segmented into retail
pharmacies, hospital pharmacies, and online sales. By end user, Indonesia glucometer market can be segmented into hospitals &
clinics, diagnostic centers, home care, and others. By region, Indonesia glucometer
market can be segmented into Java,
Sumatra, Kalimantan, and Bali.
Market Players
PT Standard Biosensor
Indonesia, PT PHC Indonesia, PT. B Braun Medical Indonesia, PT. Johnson &
Johnson Indonesia, PT. Bayer Indonesia, PT. Sinocare Healthcare Indonesia, and
PT GlucoDr Indonesia are some of the market players in Indonesia glucometer
market.
|
Attribute
|
Details
|
|
Base
Year
|
2023
|
|
Historic
Data
|
2018 – 2022
|
|
Estimated
Year
|
2024
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2024-2028
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
Product
Type
Technique
Type
Distribution
Channel
End
User
|
|
Regional
Scope
|
Java,
Sumatra, Kalimantan, Bali
|
|
Key
Companies Profiled
|
PT Standard
Biosensor Indonesia, PT PHC Indonesia, PT. B Braun Medical Indonesia, PT.
Johnson & Johnson Indonesia, PT. Bayer Indonesia, PT.Sinocare Healthcare Indonesia, PT GlucoDr Indonesia
|
|
Customization
Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|
Report
Scope:
In this
report, the Indonesia glucometer market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Indonesia Glucometer Market, By
Product Type:
o Continuous Glucose Monitoring (CGM) Systems
o Self-Monitoring Blood Glucose
(SMBG) Systems
- Indonesia Glucometer Market,
By Technique:
o Invasive
o Non-Invasive
• Indonesia Glucometer Market, By
Type:
o Wearable
o Non-Wearable
• Indonesia Glucometer Market, By Distribution
Channel:
o Retail Pharmacies
o Hospital Pharmacies
o Online Sales
- Indonesia Glucometer Market, By End
User:
o Hospitals & Clinics
o Diagnostic Centers
o Home Care
- Indonesia Glucometer Market,
By Region:
o
Java
o
Sumatra
o
Kalimantan
o
Bali
Competitive
Landscape
Company
Profiles: Detailed analysis of the major
companies present Indonesia glucometer market.
Available
Customizations:
With
the given market data, TechSci 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).
Indonesia
glucometer 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]