Amid the growing prevalence of diabetes in India, the glucose monitoring market in the country is forecast to grow at a 2 per cent compound annual growth rate (CAGR) during 2024-33, according to a report on Monday.
The report by GlobalData, a data and analytics company, said that the growing prevalence of diabetes in India, combined with limited access to reliable monitoring tools, presents a significant public health challenge.
Effective glucose monitoring is crucial for disease management, yet affordability and accuracy remain key barriers.
In 2024, India’s glucose monitoring market accounted for about 10 per cent of the Asia-Pacific (APAC) market. The report said this reflects the growing focus on affordable and innovative solutions tailored to local needs.
“Despite the growing availability of glucose monitoring solutions in India, there remain significant gaps in affordability, user education, and accessibility, particularly in rural areas. Locally manufactured devices can help bridge these gaps, …