Glucose Sensor Market

Report Description
Diabetes mellitus is one of the most widely prevalent endocrine disorder of carbohydrate
metabolism. Over the last couple of years, there has been a significant rise in diabetes
mellitus cases worldwide. Sedentary lifestyle coupled with unhealthy dietaries leads to
obesity which in turn is fueling diabetic cases. Glucose sensors is a compact analytical
device or a unit incorporating a biological or biologically derived sensitive recognition
element integrated with physiochemical transducer. Self-monitoring blood glucose
investigated in diabetes mellitus is essential for insulin treatment or oral glucose lowering
medication to provide information of glucose concentrations in our body. These sensors
has proved quite efficient in monitoring the glucose level in human body, thus gaining
wide popularity among healthcare practitioners for assessment purpose.
Glucose Sensor Market: Drivers and restraints
As per the World Health Organization (WHO) diabetes is the seventh leading cause for
death. Incidence rate is quite high when compared to other chronic disorder. In 2014,
around 382 million were diagnosed with diabetes. Changing lifestyle is expected to
further extrapolate the diabetic cases globally. Increasing cases of diabetes is expected to
drive the overall demand of glucose sensors devices. Accurate and precise data offered
by glucose monitoring sensors than that of conventional devices is another leading driver
for this market. Diabetic patients are inclined towards noninvasive techniques such as
sensors. More number of people becoming health conscious and use of sensors are
increasing gradually. Macroeconomic factors such as increasing healthcare expenditure is
expected to further driver the market over the forecast period. Though the market is
expected to generate significant revenue throughout the forecast period, high cost of