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Glucose Meter Manufacturing - Industry Market Research Report

  • October 2016
  • -
  • Ibisworld
  • -
  • 33 pages

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Low levels: Stringent reimbursement rates will subdue growth in the short term



Abstract

Glucose Meter Manufacturing

Some mass merchandisers and chain retailers, including Target and Walmart, have introduced low-cost, private-label glucose meters, which has intensified price-based competition for operators. Nevertheless, during the five years to 2016, industry revenue is expected to grow slightly. During the five years to 2021, industry revenue is forecast to grow. In 2013, the International Organization for Standardization (ISO) implemented more stringent accuracy requirements for blood glucose meters, inciting the Food and Drug Administration (FDA) to update its standards in 2014. In response to more regulations, glucose meter manufacturers will contend with developing more accurate glucose meters, while also producing low-cost equipment that is accessible to many users.

The Glucose Meter Manufacturing industry develops and produces blood glucose meters and testing supplies that help users monitor blood glucose levels. Most manufacturers also develop other medical devices.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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