India Self-Monitoring Blood Glucose Devices Market Size

Statistics for the 2023 & 2024 India Self-Monitoring Blood Glucose Devices market size, created by Mordor Intelligence™ Industry Reports. India Self-Monitoring Blood Glucose Devices size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of India Self-Monitoring Blood Glucose Devices Industry

India Self-Monitoring Blood Glucose Devices Market Summary
Study Period 2018 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 140 Million
Market Size (2029) USD 163 Million
CAGR (2024 - 2029) 2.90 %

Major Players

India Self-Monitoring Blood Glucose Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Self-Monitoring Blood Glucose Devices Market Analysis

The India Self-Monitoring Blood Glucose Devices Market size is estimated at USD 140 million in 2024, and is expected to reach USD 163 million by 2029, growing at a CAGR of 2.9% during the forecast period (2024-2029).

Technological advancements in blood glucose meters, including cellular-connected devices that automatically upload SMBG data to secure cloud-based databases, allow for improved sharing and monitoring of SMBG data. 

Real-time monitoring of SMBG data presents opportunities to provide timely support to patients who are responsive to abnormal SMBG recordings. Such advantages can provide patients with poorly controlled T2D with the additional support needed to improve critical outcomes, thereby enhancing the market's prospects in the years to come.

Continued elevation in blood glucose levels in diabetes patients can contribute to progressive complications such as renal, nerve, and ocular damage. The measurement of blood glucose helps in determining the effectiveness of blood glucose metabolism and guides in achieving optimal glucose control within the body. 

Over time, the readings provide the patient and their health professionals with the information required to determine the best management strategy for diabetes. Appropriate and timely monitoring of blood glucose allows the successful management of out-of-range blood glucose levels, minimizing diabetic-related health complications.

Therefore, the studied market is anticipated to witness growth over the analysis period due to rising prevalence and the aforementioned factors.

India Self-Monitoring Blood Glucose Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2024 - 2029)