South Korea Self-Monitoring Blood Glucose Devices Market Report by Component (Glucometer Devices, Test Strips, Lancets), and Region 2024-2032

South Korea Self-Monitoring Blood Glucose Devices Market Report by Component (Glucometer Devices, Test Strips, Lancets), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A17661
Buy Now

Market Overview:

South Korea self-monitoring blood glucose devices market size is projected to exhibit a growth rate (CAGR) of 2.20% during 2024-2032. The rising diabetes prevalence, growing awareness about the importance of early detection and effective management of diabetes, significant advancements in technology, the adoption of telehealth and remote monitoring, favorable government initiatives, rapidly aging population represent some of the key factors driving the market.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032) 2.20%


Self-monitoring blood glucose devices, commonly known as glucometers, are essential tools for individuals with diabetes to manage their condition effectively. These devices enable users to measure their blood glucose levels conveniently and regularly, providing crucial insights into their diabetes management. A typical self-monitoring blood glucose device consists of a small handheld meter and disposable test strips. To use it, a person with diabetes pricks their finger to obtain a tiny drop of blood, which is then placed on the test strip. The meter then analyzes the blood sample and displays the current blood glucose level within seconds. These devices have become increasingly user-friendly, with many featuring easy-to-read screens and audio prompts, making them accessible to a wide range of users.

South Korea Self-Monitoring Blood Glucose Devices Market Trends:

South Korea has witnessed a steady increase in diabetes prevalence over the years. This rise in the number of individuals living with diabetes has created a substantial demand for self-monitoring blood glucose devices as essential tools for daily management. Additionally, there is an increasing awareness about the importance of early detection and effective management of diabetes among South Koreans. This heightened awareness has prompted more individuals to monitor their blood glucose levels regularly, accelerating the sales of monitoring devices. Other than this, the South Korean market benefits from continuous advancements in self-monitoring blood glucose device technology. These innovations include devices that are more accurate, user-friendly, and capable of seamless data integration with smartphones and other digital health platforms. Besides this, the COVID-19 pandemic accelerated the adoption of telehealth and remote monitoring solutions in South Korea. Self-monitoring blood glucose devices play a crucial role in remote patient monitoring programs, allowing healthcare providers to track patients' glucose levels remotely and provide timely interventions. In line with this, patients in South Korea are becoming more proactive in managing their health. Self-monitoring blood glucose devices empower individuals with diabetes to take control of their condition, resulting in improved self-care and overall well-being. Furthermore, a competitive market with multiple manufacturers and suppliers of self-monitoring blood glucose devices has led to product diversity, price competitiveness, and ongoing innovation. Moreover, the aging population is more susceptible to diabetes, leading to an increased demand for self-monitoring blood glucose devices across the country. The Government of South Korea has taken proactive steps to address the rising prevalence of diabetes. Various healthcare policies and initiatives aimed at diabetes management and prevention have been implemented. These initiatives often involve subsidies or reimbursement programs that encourage individuals to invest in self-monitoring blood glucose devices, further boosting market demand.

South Korea Self-Monitoring Blood Glucose Devices Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on component.

Component Insights:

South Korea Self-Monitoring Blood Glucose Devices Market

  • Glucometer Devices
  • Test Strips
  • Lancets
     

The report has provided a detailed breakup and analysis of the market based on the component. This includes glucometer devices, test strips, and lancets.

Regional Insights:

South Korea Self-Monitoring Blood Glucose Devices Market By Region

  • Seoul Capital Area
  • Yeongnam (Southeastern Region)
  • Honam (Southwestern Region)
  • Hoseo (Central Region)
  • Others
     

The report has also provided a comprehensive analysis of all the major regional markets, which include Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

  • Arkray Inc.
  • Abbott Korea Co. Ltd.
  • i-Sens Inc.


(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

South Korea Self-Monitoring Blood Glucose Devices Market Report Coverage:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: 
  • Component
  • Region  
Components Covered Glucometer Devices, Test Strips, Lancets
Regions Covered Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region), Others
Companies Covered Arkray Inc., Abbott Korea Co. Ltd., i-Sens Inc., etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

  • How has the South Korea self-monitoring blood glucose devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the South Korea self-monitoring blood glucose devices market?
  • What is the breakup of the South Korea self-monitoring blood glucose devices market on the basis of component?
  • What are the various stages in the value chain of the South Korea self-monitoring blood glucose devices market? 
  • What are the key driving factors and challenges in the South Korea self-monitoring blood glucose devices?
  • What is the structure of the South Korea self-monitoring blood glucose devices market and who are the key players?
  • What is the degree of competition in the South Korea self-monitoring blood glucose devices market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the South Korea self-monitoring blood glucose devices market from 2018-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the South Korea self-monitoring blood glucose devices market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the South Korea self-monitoring blood glucose devices industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
South Korea Self-Monitoring Blood Glucose Devices Market Report by Component (Glucometer Devices, Test Strips, Lancets), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More