Market Size of Spain Self-Monitoring Blood Glucose Devices Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 290 Million |
| Market Size (2029) | USD 381 Million |
| CAGR (2024 - 2029) | 6.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Spain Self-Monitoring Blood Glucose Devices Market Analysis
The Spain Self-Monitoring Blood Glucose Devices Market size is estimated at USD 290 million in 2024, and is expected to reach USD 381 million by 2029, growing at a CAGR of 6.70% during the forecast period (2024-2029).
Diabetes was quickly recognized as a risk factor for bad results during the COVID-19 pandemic. This risk was influenced by several variables frequently present in diabetes mellitus, such as advanced age, a proinflammatory and hypercoagulable condition, hyperglycemia, and underlying comorbidities (hypertension, cardiovascular disease, chronic kidney disease, and obesity). That's why managing or delaying cases of diabetes became more important. The use of telemedicine or self-monitoring blood glucose helped improve glycemic control during the COVID-19 pandemic.
Blood glucose monitoring increases patients' awareness of glucose values, which supports healthy lifestyle choices. Blood glucose monitoring values help provide feedback and guidance on making health behavior changes when needed. Continued elevation in blood glucose levels in diabetes patients can contribute to progressive complications such as renal, nerve, and ocular damage. Appropriate and timely monitoring of blood glucose allows the successful management of out-of-range blood glucose levels, minimizing diabetic-related health complications.
Innovative technologies, such as digital health apps that display and summarize individual blood glucose measurements and incorporate additional relevant data such as insulin doses, meals, and physical activity, can further support self-management while decreasing disease burden and benefiting overall diabetes care. Integration of blood glucose monitoring with insulin calculators, automated insulin titration software, and remote coaching are further developments that provide patients with poorly controlled diabetes with the additional support needed to improve critical outcomes, thereby enhancing market prospects in the years to come.
