Increasing prevalence ofdiabetic and obesity patients is expected to drive the wearable glucometers market.
According to Future Market Insights, the Wearable Glucometers Market is expected to reach a value pool of US$ 125 million by the end of 2023. Wearable glucometer demand is predicted to grow at a 7.2% CAGR to US$ 250 million by 2033.
The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market. The report also uncovers critical trends accelerating the sales across various market segments.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Wearable Glucometers Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Wearable Glucometers market.
Key Wearable Glucometers Market Takeaways and Projections
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Report Benefits & Key Questions Answered
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Wearable Glucometers market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Wearable Glucometers market.
Some of the prominent market players are profiled by FMI are:
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Wearable Glucometers Market: Segmentation
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 30, 2023