Surge in number of diabetic population around the world, increase in adoption of data-based patient analysis, and growing need for remote patient monitoring are some of the important facets that are projected to boost the sales opportunities in the global network point-of-care glucose testing market.
In the recent years, there is notable surge in the demand for technologically advanced devices in several sectors including the healthcare sector. Considering this demand, many new companies are entering into the network point-of-care glucose testing market. This situation is resulting into intensifying the competition levels in the market. Major companies in the market for network point-of-care glucose testing are growing participation in R&D projects, which are focused on fulfilling the current market needs.
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Some of the key players in the global network point-of-care glucose testing market are Bayer AG/Ascensia diabetes care holdings AG, Danaher, Abbott, F. Hoffmann-La Roche Ltd, and Nova Biomedical.
Technological Advancements Play key Role in Expansion of Network Point-of-Care Glucose Testing Market
Many manufacturers in the network point-of-care glucose testing market are incorporating advanced data transfer technologies including BLE and Infrared while developing new products. Moreover, several enterprises are increasing efforts to incorporate technologically advanced features in their existing products. These efforts are helping them in sustaining in the fierce market competition. Besides, a rise in the integration of telemedicine is projected to bode well with the growth of the network point-of-care glucose testing market.
Advanced Healthcare Infrastructure in North America Makes It Leading Region of Network Point-of-Care Glucose Testing Market
North America is dominant region offering lucrative prospects for players in the network point-of-care glucose testing market. Some of the key factors making this region dominant include presence of sturdy healthcare infrastructure, swift adoption of technologically advanced products, and existence of many important players in the region. The implementation of several favorable reimbursement policies by regional governments is playing prime role in the expansion of the North America network point-of-care glucose testing market.
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