Research Overview
Emerging Glucose Monitoring Technologies Edge Closer to Market Realization
Constant innovations in glucose monitoring technologies are being driven by the need for more frequent testing to better understand individual patients' glucose level trends and enhance personal treatment protocols. New glucose monitoring technologies are working toward creating a system that is non-invasive as well as accurate, easy to use, portable, stylish, and low-cost. The emerging technology segments of the market is projected to contribute up to 6.5 percent of the overall revenues by 2011 and can pose a challenge to traditional technologies such as glucose strips. The increasing awareness of the burden of diabetes on the U.S. healthcare system is expected to spark further development of better glucose monitoring solutions.
This Frost & Sullivan research service analyzes the U.S. glucose monitoring market, segmenting it into glucose strips, glucose meters, and emerging glucose monitoring technologies. It discusses the various market trends and opportunities while providing in-depth analysis of market share, forecasts, drivers, restraints, and revenues. Strategic recommendations offered in the study enable companies to align their positioning strategies to benefit from the changing market and obtain maximum return on investment.
Rising Healthcare Costs Drive New Product Development Efforts in the Glucose Monitoring Market
Rapid expansions of the direct and indirect costs associated with diabetes are compelling Medicare and other healthcare insurance companies to take steps to control further growth in disease prevalence. The American Diabetes Association has reported that the diabetes treatment expenses on the U.S. healthcare system totaled $132 billion in 2002 of which, $91.8 billion made up the direct medical expenses. Such statistics only emphasize the need for more efforts to increase diagnosis of the undiagnosed diabetic population, and they are expected to consequently drive advancements in disease management tools, such as glucose monitors.
"Support for diabetes screening and education campaigns promote compliance with glucose testing, which is likely to provide continued market growth going forward," reiterates the analyst of this research service. Marketing investments targeted at high-frequency testing populations, such as insulin pump users, is likely to prove extremely effective for sustaining profitability while expanding into new markets.
Under-penetrated Market Segments Provide New Growth Opportunities
Despite the increasing maturity of the traditional U.S. glucose strips market, the emergence of niche application markets such as intensive care units (ICUs) and operating rooms provides new growth opportunities for meters and strips. "Since these markets are less concerned with aesthetics, they provide an ideal setting for the launch of first-generation emerging technologies that lack the appearance and functionalities required by consumers," explains the analyst.
Tight glycemic control (TGC) programs in the ICU, in particular represent a significant growth opportunity. Manufacturers need to focus on products that satisfy issues such as workflow and assistance with insulin delivery to attract ICU departments that are interested in implementing a TGC program.
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Benefits of this Service
This research service offers in-depth analysis of the evolution of markets for glucose monitoring products and provides valuable information regarding past, present, and future market conditions. Detailed quantitative and qualitative market breakdown for glucose strips in this study covers sub-segmentation of consumer and professional markets, including tight glycemic control programs in the ICU. Additionally, the company-by-company analysis of emerging technologies and year-by-year forecast of product releases and revenue generation provides an unprecedented analysis of a looming industry revolution.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Glucose strips
- Glucose meters
- Emerging glucose monitoring technologies
Technologies
The following technologies are covered in this research:
- Glucose Monitoring: Regular measurements of the glucose concentration in blood in order to manage diabetes
- Emerging Glucose Monitoring Technologies: Either continuous glucose monitoring technologies or non-invasive devices
- Glucose Strips: Chemically engineered strip that reacts with a drop of blood
- Glucose Meter: A strip that is inserted into a meter for the measurement of glucose
What's Included
- Detailed insights into the U.S. glucose monitoring market
- Drivers, restraints, challenges, and strategic recommendations
- Identification and analysis of top industry participants and competitive factors
- Market forecasts and opportunity analysis
- Aggregate industry revenues
Table Of Contents
1. Executive Summary
2. Total U.S. Glucose Monitoring Market
- 1. Total Market Overview
- 1. Overview of Diabetes
- 2. Brief History of Glucose Monitoring
- 3. Definitions and Segmentation
- 4. Market Drivers
- a. Increasing Public Awareness of Diabetes and the Need for Glucose Monitoring Drives Demand
- b. New Products and Technology Drive Premature Device Replacements and Higher Monitoring Compliance
- c. Increased Reimbursement for Diabetes Screening Grows the Consumer Diabetic Population
- d. Growing Diabetic Population Increases Market Size
- 5. Market Restraints
- a. High Market Penetration Limits Growth Potential
- b. Market Consolidation and Marketing Expense Creates High Barrier of Entry
- c. Increasing Number of Products Decreases Brand Loyalty
- d. Cost of Diabetes and Glucose Monitoring Education Increases Manufacturer Expenses
- e. Shifting of Burden of Cost for Free Meters from Retail to Manufacturers Decreases Manufacturers Profitability
- 2. Market and Competition Profile
- 1. Competitive Structure
- 2. Distribution Analysis
- 3. Company Discussion and Market Share Analysis
- 4. Market Updates
- 5. Reimbursement Update
- 3. Industry Challenges and Strategic Recommendations
- 1. Industry Challenges
- 2. Strategic Recommendations
- 4. Market Forecasts
- 1. Market Engineering Measurements and Methodology
- 2. Demand Analysis - Diabetic Population Forecast
- 3. Revenue Forecast and Methodology
- 4. Revenue Forecast by Product Segment
3. U.S. Glucose Monitoring Strips Market
- 1. Market Analysis
- 1. Competitive Structure
- 2. Product Overview
- 3. Company Market Share Analysis
- 4. Demand Analysis
- 2. Market Forecasts
- 1. Revenue and Unit Shipment Forecast and Methodology
- 2. Revenue and Unit Shipment Forecast by Market Segment
- 3. Revenue Forecast by Diabetic Population Market Segment
- 4. Revenue and Unit Shipment Forecast by Consumer Distribution Market Segment
- 5. Revenue Forecast by Professional Market Segment
- 6. Pricing Analysis and Forecast by Market Segment
4. U.S. Glucose Monitoring Meters Market
- 1. Market Analysis
- 1. Competitive Structure
- 2. Product Overview
- 3. Market and Technology Trends
- 2. Market Forecasts
- 1. Revenue and Unit Shipment Forecast and Methodology
- 2. Pricing Analysis
5. Emerging Glucose Monitoring Technologies Market
- 1. Market Analysis
- 1. Introduction
- 2. Competitive Structure
- 3. Market Drivers
- a. Potential Gain in Revenue and Market Share with Revolutionary Technology Drives Investment in Product Development
- b. Growth of Insulin-dependent Diabetic Populations Increases the Need for Continuous Monitoring to Create Artificial Pancreas Systems
- c. Poor Glucose Monitoring Compliance Drives Demand for More Appealing Technologies
- d. Demand for Less-painful Testing Drives Development of Non-invasive Technologies
- e. Emergence of Tight Glycemic Control Programs in Critical Care Medicine Drives Point of Care Continuous Glucose Monitor Development
- 4. Market Restraints
- a. Development Related
- b. Market Related
- 5. Emerging Technology Development Timeline
- 6. Emerging Non-invasive Technologies
- 7. Emerging Continuous and Invasive Technologies
- 8. Market and Technology Trends
- 9. Company Market Share Analysis
- 10. Market Size Analysis
- 11. Market Segment Analysis
- 12. Market Engineering Measurements
- 2. Market Forecasts
- 1. Revenue Forecast
- 2. Pricing Analysis
6. Frost & Sullivan Awards
- 1. Industry Innovation and Advancement Award
- 1. Award Criteria
- 2. Award Recipient
- 2. Brand Development Strategy Leadership Award
- 1. Award Criteria
- 2. Award Recipient
- 3. Product Line Strategy Award
- 1. Award Criteria
- 2. Award Recipient
- 4. Product Differentiation Innovation Award
- 1. Award Criteria
- 2. Award Recipient
- 5. Best Bang for the Buck Award Award
- 1. Award Criteria
- 2. Award Recipient
- 6. Product Innovation Award
- 1. Award Criteria
- 2. Award Recipient
7. Decision Support Database
- 1. Disease Demographics
- 1. Coronary Heart Disease Prevalence
- 2. Glaucoma Prevalence
- 3. Hypertension Prevalence
- 4. Renal Failure Prevalence
- 5. Stroke Incidence
- 6. Circulatory Disease Mortality
- 2. Population Demographics
- 1. Male Population over 65
- 2. Female Population Over 65
- 3. Number of Hospitals
- 4. Obesity Prevalence
List of Figures
Chapter 2
- Glucose Monitoring Market: Market Drivers Ranked in Order of Impact (U.S.), 2005-2011
- Glucose Monitoring Market: Market Restraints Ranked in Order of Impact (U.S.), 2005-2011
- Glucose Monitoring Market: Competitive Structure (U.S.), 2004
- Glucose Monitoring Market: Company Market Share by Revenues (U.S.), 2004
- Glucose Monitoring Market: Impact of Top Six Industry Challenges (U.S.), 2005-2011
- Glucose Monitoring Market: Strategic Recommendations (U.S.), 2005-2011
- Glucose Monitoring Market: Population Forecasts (U.S.), 2001-2011
- Glucose Monitoring Market: Revenue Forecasts (U.S.), 2001-2011
- Glucose Monitoring Market: Percent of Revenues by Product Segment (U.S.), 2001-2011
- Glucose Monitoring Market: Revenue Market Share Forecasts by Market Segment (U.S.), 2001-2011
Chapter 3
- Glucose Monitoring Strips Market: Competitive Structure (U.S.), 2004
- Glucose Monitoring Strips Market: Products Offered by Major Market Participants (U.S.), 2004
- Glucose Monitoring Strips Market: Company Market Share by Revenues (U.S.), 2004
- Glucose Monitoring Strips Market: Revenue Market Share by Diabetic Population (U.S.), 2004
- Glucose Monitoring Strips Market: Strips Consumption by Consumer Distribution Channel (U.S.), 2004
- Glucose Monitoring Strips Market: Unit Shipment and Revenue Forecasts (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Percent of Revenues by Market Segment (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Percent of Unit Shipments by Market Segment (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Consumer Market Segment Unit Shipment and Revenue Forecasts (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Percent of Revenues by Consumer Market Segment (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Percent of Revenues by Consumer Distribution Channel (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Percent of Unit Shipments by Consumer Distribution Channel (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Professional Market Segment Unit Shipment and Revenue Forecasts (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Professional Revenue Market Share by Market Segment (U.S.), 2001-2011
- Glucose Monitoring Strips Market: Pricing Forecasts by Market Segment (U.S.), 2001-2011
Chapter 4
- Glucose Monitoring Meters Market: Competitive Structure (U.S.), 2004
- Glucose Monitoring Meters Market: Products Offered by Major Market Participants (U.S.), 2004
- Glucose Monitoring Meters Market: Unit Shipment and Revenue Forecasts (U.S.), 2001-2011
Chapter 5
- Emerging Glucose Monitoring Technologies Market: Competitive Structure (U.S.), 2004
- Emerging Glucose Monitoring Technologies Market: Market Drivers Ranked in Order of Impact (U.S.), 2005-2011
- Emerging Glucose Monitoring Technologies Market: Market Restraints Ranked in Order of Impact (U.S.), 2005-2011
- Emerging Glucose Monitoring Technologies Market: Company Market Share by Revenues (U.S.), 2004
- Emerging Glucose Monitoring Technologies Market: Revenue Forecasts (U.S.), 2001-2011
