India Blood Glucose Monitoring Market Size (2024 - 2029)

India Blood Glucose Monitoring Market Analysis

The India Blood Glucose Monitoring Market size is estimated at USD 375.84 million in 2024, and is expected to reach USD 559.19 million by 2029, growing at a CAGR of 8.27% during the forecast period (2024-2029).

Factors such as the increasing prevalence of diabetes, rising awareness and diagnosis rates, and technological advancements in diabetes management are expected to bolster demand for blood glucose monitoring, thereby driving market growth.

The increasing prevalence of diabetes, combined with rising awareness and higher rates of diagnosis, is significantly boosting the demand for blood glucose monitoring devices. For instance, as per the Indian Council of Medical Research – India Diabetes (ICMR INDIAB) study published in August 2023, the prevalence of diabetes in India was recorded at 10.1 crores, and the number of individuals with diabetes continues to increase in the country. Furthermore, according to the International Diabetes Federation Report published in 2022, the number of people diagnosed with diabetes in India is expected to rise to 92.97 million by 2030 and 124.2 million by 2045. Hence, the rising prevalence of diabetes is expected to increase demand for blood glucose monitoring devices, thus enhancing market growth over the forecast period.

Awareness initiatives for diabetes in India are expected to drive demand for blood glucose monitoring devices. As awareness grows about diabetes and its risks, more individuals are likely to seek diagnosis and management, leading to a higher demand for monitoring tools. For instance, in November 2023, Roche Diabetes Care India (Roche) partnered with public and private entities within India's healthcare system. This move underscored Roche's dedication to enhancing diabetes care access, coinciding with the annual World Diabetes Day. The collaboration focused on boosting diabetes education, raising awareness regarding the health condition, and streamlining early diagnosis and ongoing care initiatives through strategic partnerships.

Additionally, the growing technological advancements in blood glucose monitoring devices, which address the growing need for effective diabetes management in India, are expected to increase their adoption and contribute to the market's growth over the forecast period. According to the article published in Scientific Reports in March 2024, researchers developed IoT-enabled wearable devices that use red and near-infrared spectroscopy for the Indian market. These devices can help measure blood glucose levels non-invasively. These devices, like the iGM system, aim to provide continuous monitoring with improved comfort and reduced risk of infection compared to traditional fingerstick testing. Thus, advancements in non-invasive blood glucose monitoring devices are expected to increase its adoption, thereby boosting market growth.

Moreover, manufacturers are focusing on manufacturing and launching blood glucose monitoring devices in India. For instance, in May 2023, Roche Diabetes Care India (RDC India) revealed that its blood glucose monitoring device, the 'Accu-Chek Active,' was being produced in India. The manufacturing is a collaborative effort with Sanmina-SCI India Pvt. Ltd, while assembly and distribution are handled by Parekh Integrated Services Pvt. Ltd (PISPL). Accu-Chek offers Bluetooth-connected glucometers that allow users to track their blood sugar readings on their smartphones easily. This integration with mobile devices makes it more convenient to monitor and manage diabetes.

Therefore, owing to the factors mentioned above, including the rising prevalence of diabetes, growing awareness and diagnosis rates, technological advancements in diabetes management, and initiatives taken by manufacturers such as developing and launching blood glucose monitoring devices in India, the market is anticipated to witness growth over the forecast period. However, the high cost of advanced blood glucose monitoring may impede the market's growth.

India Blood Glucose Monitoring Industry Segmentation

As per the scope of the report, blood glucose monitoring comprises a variety of monitoring tools tailored for diabetes management. They empower patients to regulate their blood glucose levels, ensuring effective diabetes management. Monitoring blood sugar stands as a pivotal pillar in diabetes management, particularly for individuals with type 1 diabetes or those reliant on insulin. Blood sugar levels can be tracked through a glucose meter paired with test strips or a CGM system. 

The Indian blood glucose monitoring market is segmented by device and end user. By device, the market is segmented into self-monitoring blood glucose devices and continuous blood glucose monitoring devices. By end user, the market is segmented into hospital/clinical usage and home/personal usage. For each segment, the market size and forecast are provided in terms of value (USD).