Blood Glucose Monitoring Devices Market Overview

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The blood glucose monitoring devices market is estimated to be worth $16 billion in 2020 and is expected to grow at CAGR of 8% during the forecast period. Diabetes is one of the seven leading causes of death and disability across the world. According to the World Health Organization (WHO), more than 1.6 million deaths are directly attributed to diabetes each year. In 2019, the global expenditure on diabetes treatment and disease management was estimated to be over USD 750 billion; this is indicative of the significant burden on patients and the global healthcare system.