The glucose monitoring devices market is expected to increase to more than $16bn worldwide by 2014, according to a report by Renub Research.
The report forecasts that the European glucose monitoring devices market will more than double the US market, which exceeded $2.5bn sales in 2009.
The glucose monitoring devices market in Japan is expected to grow at a compound annual growth rate of 28.6%.
The increased number of diabetes patients in India is expected to help the country's glucose monitoring devices market grow to more than $100m by 2014, the report adds.
