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US Self-monitoring Blood Glucose Market : Reimbursement Cutback, Along with the Competitive Bidding Program for Mail Order Supplies, will Restrain the SMBG Market Until 2016

  • December 2014
  • 66 pages
  • Frost & Sullivan
Report ID: 2577021

Summary

Table of Contents

Executive Summary

•The US SMBG market was valued at $ x billion in 2013 and is expected to increase to $ x billion by 2016. About x % of the revenue is contributed by the SMBG strip market, and x % of the demand arises from the sale of meters.
•The market is currently dominated by Roche Diagnostics (brand Accu Chek), LifeScan (J&J) (brand OneTouch), and Bayer Healthcare (CONTOUR).
•Online sales of meters and strips is increasing. Popular eCommerce vendors (e.g., Amazon) are the leaders in online supplies. Developing eCommerce channels could be an important step for any Tier II vendor fighting against mature market competitors.
•Smart phone connectivity and exploring non-invasive methods are some key areas that manufacturers are focussing on, to offer product differentiation from the competition. Thus, blood glucose meters are now increasingly becoming a part of the mhealth market.
•Within the United States, the mail order supply program has created a downside effect for small, independent retail clinics. This is also expected to make the diabetic scenario more adverse in the United States, thereby increasing the prevalence of the disease in the coming years, owing to the deficit in supply channels.
•The generic test strip market is creating stiff competition for Tier I manufacturers, forcing price pressures, thereby, shrinking the market. Currently, UniStrip Technologies has taken the forefront in the generic market. A 50-count box of its strips costs about $ x . These strips will be seen flooding the shelves of retail stores for as low as $ x .

iHealth Labs
The iHealth Align represents the next-generation glucose meter that enables wireless smartphone connectivity with the iHealth Smart Gluco App. This meter was cleared by the FDA in 2014 and fits into the headphone jack; thereby, enabling powerful diabetes management.

Philosys
In 2013, the Gmate® VOICE Blood Glucose Meter received the x K clearance The meter works in sync with the Gmate® SMART app that will deliver blood glucose test results. Philosys is also an interesting one to watch because it holds x % of the market share within the top x suppliers that made it onto the CMS preferred brand list.

LabStyle
Dario™ is a platform that combines an all-in-one, blood glucose meter, smart phone application (iOS & Android). The product is currently under review by the FDA and is expected to enter the market in US in 2015 June. The product gained CE mark in 2013 and is widely used in countries such as UK, the Netherlands, and other European countries.

Prodigy Diabetes Care
Prodigy Diabetes Care (AutoCode) ranks first out of the top x suppliers that made it onto the CMS preferred brand list. The company has sold over x million meters worldwide. Prodigy Voice model is also inbuilt with x languages—English, French, Spanish, and Arabic—and enables diabetic testing for blind people through its audio capability.

Key Questions This Study Will Attempt to Answer

Is the market growing? How long will it continue to grow, and at what rate?
What is the current state of the competitive landscape?
What are the current industry and technology trends?
What’s the next big thing in the diabetes SMBG market landscape? Who are the new participants? What are the opportunities that a participant can capitalize on?
How is the distribution landscape currently spread out in the United States?
What are the effects of Medicare reimbursement and the national mail order program?

Market Segmentation

•The market is segmented by meters, strips, and lancets.
•In this research service, Frost & Sullivan will cover only the meter and strip segments.
•Unless otherwise stated, the meter segment in this research service will cover only the retail segment because, in some cases, physicians in hospitals distribute meters for free.

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