Hello kellyclose:
I was able to find several sites that back up your $4.0 - $4.5 billion
market size estimate. Given what I've found, however, I think the
number is definitely closer to the $4.5 billion mark.
What I found:
SpectRx, Inc. Proceeding with Development of Continuous Glucose
Monitor
URL: http://www.spectrx.com/pressreldata.asp?PRID=96
Quote: "The estimated worldwide market for glucose testing is $4.5
billion with an annual growth rate of 12 to 18 percent."
Capillary Blood Glucose Testing at the Point of Care – Clinical
Applications and the Evolution of Diagnostic Technologies
URL: http://www.wmrc.com/businessbriefing/pdf/health3_2002/Publication/lewandrowski.pdf
Quote: "By one estimate, blood glucose testing is currently a US$3.5–4
billion market in the US, Europe and Japan."
Note: If you add the rest of the world, that brings it in line with
$4.5 billion.
Symphony Diabetes Management System - Continuous Glucose Monitoring
URL: http://www.sontra.com/productapplications/glucosemonitoring/
Quote: "As a result, the home blood glucose testing market is a large
rapidly growing market. Worldwide sales are currently $4 billion and
the market is expected to expand to almost $8 billion by 2007."
Note: This doesn't include the "non-home" market. Take special note of
the estimated increases in this market.
Advances in Minimally Invasive and Noninvasive Glucose Monitoring
Technologies
URL: http://www.dresources.com/dr/Reports.nsf/BrowseAbstracts/974A71071A95BC3486256B95004BA065?OpenDocument
Quote: "Blood glucose testing is the largest segment of the $20
billion in vitro diagnostics market in the United States, Germany,
France, the United Kingdom, Italy, Spain, and Japan—worth $3.5-4.0
billion."
Note: Again, add the market for the rest of the world.
There are many other pages listing similar figures as well. I think
you can count on around $4.5 billion.
I hope that this information has been of help to you.
If you need any clarification of the information I have provided,
please ask using the Clarification feature and provide me with
additional details as to what you are looking for. As well, please
allow me to provide you with clarification(s) *before* you rate this
answer.
Thank you.
websearcher-ga
Search Strategy:
"blood glucose" monitoring OR testing billion
://www.google.ca/search?q=%22blood+glucose%22+monitoring+OR+testing+billion&ie=ISO-8859-1&hl=en&meta= |
Request for Answer Clarification by
kellyclose-ga
on
24 Jan 2003 13:07 PST
Terrific. You say there are "many other" pages - do you mind listing
some more for me? I will be happy to increase the fee or I can
confirm here I'll give you a great tip. Thanks.
|
Clarification of Answer by
websearcher-ga
on
24 Jan 2003 16:49 PST
Hi kellyclose:
Thanks for the clarification request. I was able to find the following
six additional citations that back up the estimates I gave earlier. I
hope that satisfies your need for collaborating material.
NEW DATA PRESENTED AT AMERICAN DIABETES ASSOCIATION MEETING SUGGESTS
PROMISING ROLE FOR GLUCOWATCH® BIOGRAPHER IN PEDIATRIC CARE
URL: http://www.cygn.com/press/062301.html
Quote: "The current worldwide market for glucose measuring products is
estimated at between $3 and $4 billion, and it is expected to exceed
$4.7 billion by 2002. The U.S. is estimated to account for 50-60% of
all sales, while Western Europe accounts for approximately 30%."
Glucose Monitoring
URL: http://www.spectrx.com/cgms.asp
Quote: "The yearly worldwide market for glucose testing is estimated
at $3.7 billion and is growing at an annual rate of 12 to 18 percent."
Johnson & Johnson Agrees to Acquire Inverness Medical Technology's
Diabetes Care Products Business In $1.3 Billion Stock-for-Stock
Transaction
URL: http://www.jnj.com/news/jnj_news/20020604_165439.htm
Quote: "The worldwide market for self-testing, whole blood glucose
products was approximately $3.5 billion in 2000 and is forecasted to
more than double by 2010," said James T. Lenehan, vice chairman of
Johnson & Johnson and worldwide chairman, Medical Devices and
Diagnostics Group."
Note: This is *self* testing only.
Cygnus, Inc.
URL: http://www.advisorinsight.com/pub/indexes/600_mi/cygn_ir.htm
Quote: "Sixteen million Americans have diabetes, accounting for about
$100 billion in healthcare costs annually. Worldwide sales of blood
glucose self-monitoring products are expected to reach $4.7 billion in
the year 2002."
Overview of Non-Invasive Fluid Glucose Measurement Using Optical
Techniques to Maintain Glucose Control in Diabetes Mellitus
URL: http://www.ieee.org/organizations/pubs/newsletters/leos/apr98/overview.htm
Quote: "The worldwide market for glucose monitoring products is
expected to exceed 3 billion dollars by the year 2000."
Note: 3-year old estimate - would be higher now.
Metrika Gains FDA Clearance of First Single-Use In-Office Test for
HbA1c
URL: http://www.metrika.com/2company/pressrelease-fdaclear.html
Quote: "Diabetes, which affects about 6 percent of the world's
population, has a compounded annual growth rate of 15 percent, making
it the fastest growing disease segment in the in vitro diagnostic
(IVD) industry. It continues to reach epidemic proportions, with
nearly 150 million suffering worldwide (16 million Americans) with
direct and indirect costs in the United States alone of more than $100
billion annually. Indirect costs of $55 billion include disability,
work loss and premature mortality. At about $3 billion per year,
glucose-monitoring products represent a large percentage of direct
expenditures."
Note: U.S. Figures only.
Race Is on to Produce Better Diabetes Tests
URL: http://news.foot.com/news/476.html
Quote: "Johnson & Johnson is the number two supplier of diabetes
products through its Lifescan subsidiary. Roche Diagnostics is the
leader in the highly lucrative $4 billion glucose monitoring products
market, which is growing 15 percent a year. Fueling the sales growth
is a surprising number of newly diagnosed Type 2 diabetics, such as
overweight teenagers who don't exercise regulary and baby boomers with
sedentary lifestyles."
Note: 2001 figures.
Thanks again for your question!
websearcher-ga
|
Clarification of Answer by
websearcher-ga
on
24 Jan 2003 16:57 PST
Apparently my counting skills are a little rusty. There are *seven*
additional links in my clarification above. :-)
websearcher-ga
|
Request for Answer Clarification by
kellyclose-ga
on
25 Jan 2003 08:24 PST
I can't get this link to work?
Race Is on to Produce Better Diabetes Tests
URL: http://news.foot.com/news/476.html
Quote: "Johnson & Johnson is the number two supplier of diabetes
products through its Lifescan subsidiary. Roche Diagnostics is the
leader in the highly lucrative $4 billion glucose monitoring products
market, which is growing 15 percent a year. Fueling the sales growth
is a surprising number of newly diagnosed Type 2 diabetics, such as
overweight teenagers who don't exercise regulary and baby boomers with
sedentary lifestyles."
Note: 2001 figures.
|
Clarification of Answer by
websearcher-ga
on
25 Jan 2003 08:51 PST
Hi kellyclose:
Odd. The link worked yesterday...but it isn't working for me today
either.
However, you can have a look at the cached (saved) version that Google
has at:
://www.google.ca/search?q=cache:hW5t6QwPuvIC:news.foot.com/news/476.html+diabetes+Roche+lucrative+surprising&hl=en&ie=UTF-8
If you want this for future viewing, you might want to save the file
to your hard drive.
websearcher-ga
|
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