Global Glucose Biosensor Market Size to hit $21.3 billion by 2031, growing at a CAGR of 7.7%, says Coherent Market Insights

BURLINGAME, Calif. , July 22, 2024 /PRNewswire/ -- The global Glucose Biosensor Market is projected to grow from USD 11.77 billion in 2023 to USD 21.

3 billion by 2031, with a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031, as per a recent report by Coherent Market Insights. Rising demand for self-monitoring blood glucose devices among diabetes patients in recent years owing to their ease of use and mobility.

These devices allow flexible glucose monitoring through the day and night without needing to visit hospitals or diagnostic centers every time. They provide real-time glucose readings along with trends that help patients and healthcare professionals better understand fluctuations and accordingly manage insulin therapy. Get Sample Pages: https://www.

coherentmarketinsights.com/insight/request-sample/6631 Market Dynamics : The Global Glucose biosensor market is witnessing high growth owing to growing prevalence of diabetes across the globe. According to WHO data, around 422 million people worldwide have diabetes and it is one of the major causes of death in developing and developed nations.

Furthermore, advancement in technology and growing demand for self-monitoring blood glucose devices are also fueling the market growth. Glucose biosensors offer constant monitoring of blood glucose levels which enable early detection as well as management of diabetes. Global Glucose Biosensor Market Report Coverage Market Trends : Non-invasive Glucose Monitoring Systems: Cont.