NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/07/08 - The market for SMBG devices in China is expected to grow at a CAGR of around 14% during the forecast period 2012-2014, says a new research report from RNCOS.
Self-monitoring of blood glucose (SMBG) has emerged as an important component of modern therapy for diabetes mellitus. The goal of SMBG is to collect detailed information about blood glucose levels at many time points to enable maintenance of a more constant glucose level by more precise regimens. With innovations in technology, various research and clinical trials have enabled the development of newer and better SMBG devices that include several functions in one device, such as food calorie tracker, energy consumption calculator for various activities, alarm and blood pressure measurement. Such SMBG devices will be preferred more than strips. Thus, the demand for SMG devices has been surging in the country and the market is anticipated to grow at a CAGR of around 14% during 2012 - 2014, says our new research report “China Diabetes Market Analysis”.
Our team of experts has done an extensive research on the SMBG market and has found that one of the various factors, which have helped in surging the market for SMBG devices during the last few years, is the increasing awareness among patients regarding glucose meters. Both, private sector and public sector has played a vital role in spreading awareness among the patients.
Our report has carefully segmented the diabetes market into diabetic drug market, insulin delivery devices market, and glucose monitoring market. Further, diabetic drug market has been segmented into oral diabetic drugs and insulin market. Moreover, insulin pumps, insulin pens, and insulin syringes market has been included under insulin delivery devices market in our report. Detail description and analysis of all these segments and sub segments has been included in the report.
Our report “China Diabetes Market Analysis” provides thorough analysis and detail study of the investment opportunities in the country’s diabetes market. The report has thoroughly examined current market trends; industrial developments and competitive landscape to enable clients understand the market structure and its progress in coming years. Due consideration has been given to the possible after effects of recession on the industry. It will help clients to have a proper insight of the current and future outlook of the diabetes market in China.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.