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Increasing Prevalence of Diabetes Creates High Growth Potential for Self Monitoring Blood Glucose Devices in Asia Pacific - Frost & Sullivan finds that the Self Monitoring Blood Glucose Meters and Strips Market: China, India, Thailand, Malaysia, Pakistan, Philippines, Hong Kong, Singapore, Indonesia, South Korea, Taiwan earned revenues of up to $101 million in 2006
Increasing Prevalence of Diabetes Creates High Growth Potential for Self Monitoring Blood Glucose Devices in Asia Pacific

 

NewswireToday - /newswire/ - Singapore, Singapore, 2007/10/11 - Frost & Sullivan finds that the Self Monitoring Blood Glucose Meters and Strips Market: China, India, Thailand, Malaysia, Pakistan, Philippines, Hong Kong, Singapore, Indonesia, South Korea, Taiwan earned revenues of up to $101 million in 2006.

   
 
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The Asia Pacific region holds considerable potential for the expansion of self monitoring blood glucose (SMBG) devices markets. Increasing urbanization in this region has been accompanied by the rising incidence of diabetes. As efforts to promote effective management of diabetes continue and patients are encouraged to comply with management regimes, markets for SMBG devices appear promising.

Frost & Sullivan (medicaldevices.frost.com) finds that the Self Monitoring Blood Glucose Meters and Strips Market: China, India, Thailand, Malaysia, Pakistan, Philippines, Hong Kong, Singapore, Indonesia, South Korea, Taiwan earned revenues of up to $101 million in 2006.

“As the prevalence of diabetes rises in several countries, healthcare providers are actively encouraging regular monitoring of the disease in order to manage it effectively, thereby spurring the growth of SMBG markets,” notes Frost & Sullivan Consultant Marena Rajeevan. “Moreover, as patients increasingly turn to self monitoring, retail channels in several countries will grow in importance as a means of reaching SMBG devices to diabetic patients.”

Heightened emphasis on the need to effectively manage diabetes is being accompanied by greater patient awareness on the need for regular monitoring. Trends indicate that patients are increasingly turning to self monitoring for the convenience it offers and for the enhanced quality of life that is the outcome of better disease management. Such end-user benefits are poised to drive demand levels and promote market expansion.

Retail channels play a key role in the access that patients have to SMBG devices. As hospitals across the world attempt to manage patient loads and resources more effectively, the retail segment will play a progressively more important role in reaching SMBG devices to diabetic patients.

In several countries, however, low levels of patient awareness about the need to monitor blood glucose levels regularly will hamper the market for SMBG devices.

“SMBG markets in developing economies such as Indonesia are restrained by relatively low awareness and acceptance of self monitoring among populations with diabetes,” comments Rajeevan. “This is compounded by relatively low GDP per capita, which poses a challenge for the promotion and adoption of self monitoring devices for the management of diabetes.”

To expand the market for SMBG devices, manufacturers and healthcare providers will need to make sustained efforts to promote awareness of diabetes and the need for its regular monitoring.

Self Monitoring Blood Glucose Meters and Strips Market : China, India , Thailand, Malaysia, Pakistan, Philippines, Hong Kong, Singapore, Indonesia, South Korea, Taiwan is part of the Medical Devices Growth Partnership Services program. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

If you are interested in more information, which provides manufacturers, end users and other industry participants with an overview of the Self Monitoring Blood Glucose Meters and Strips Market: China, India, Thailand, Malaysia, Pakistan, Philippines, Hong Kong, Singapore, Indonesia, South Korea, Taiwan, then send an email to Jasminder Kaur, Corporate Communications, at jkaur[.]frost.com with your full name, company name, title, telephone number and email address. Upon receipt of the above information, an overview will be sent to you by email.

About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

Self Monitoring Blood Glucose Meters and Strips Market: China, India, Thailand, Malaysia, Pakistan, Philippines, Hong Kong, Singapore, Indonesia, South Korea, Taiwan
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Increasing Prevalence of Diabetes Creates High Growth Potential for Self Monitoring Blood Glucose Devices in Asia Pacific

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Frost & Sullivan |
Publisher Contact: Jasminder Kaur 
+65.6890.0937 jkaur[.]frost.com
 
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