Emerging Glucose Monitoring Technologies Challenges Traditional Markets

The long-heralded introduction of emerging technologies is beginning to alter the dynamics of the glucose monitoring market. Traditional technologies such as glucose strips may soon face stiff competition from these advanced solutions that promise to be non- invasive as well as accurate, easy to use, portable, stylish, and inexpensive.

New analysis from Frost & Sullivan, (http://www.healthcare.frost.com ), U.S. Glucose Monitoring Markets and Emerging Technologies, reveals that revenues in this market totaled 2.83 billion in 2004 and projects to reach $5.36 billion by 2011.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the U.S.

Glucose Monitoring Markets and Emerging Technologies then send an e-mail to Melina Trevino - Corporate Communications at melina.trevino@frost.com with the following information: your full name,company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above
information.

"For the first time in decades, the composition of the glucose monitoring market is projected to change with the development of emerging technologies into the U.S. market," observes Frost & Sullivan Research Analyst Nathan Cohen. "As a multi-billion dollar market in the United States, the growth opportunity for new market entrants with advanced technology is immense."

The vast majority of revenue in the U.S. glucose monitoring market is derived from the sale of glucose strips, which accounts for 87.9 percent of the overall market in 2004. Following the growth in emerging technologies, such traditional segments are expected to decrease proportionately.

With its contribution to overall revenues pegged at $4.8 million in 2004, emerging technologies is set to become the second largest market segment and
generate $349.0 million by 2011.

The enormous diabetic population and the growing recognition of the importance of diabetes management only justify the need for such advanced glucose monitoring technologies. Adjustments in Medicare reimbursements also point toward the need for more efforts to increase diagnosis of the undiagnosed diabetic population.

"A primary driver for technological development is the need to improve glucose monitoring compliance," explains Cohen. "The aim has been to move toward smaller blood samples, less pain, faster responses, and other improvements with the user interface that consequently increase the frequency of testing."

However, if such a system was introduced at a price comparable to the cost of meters and strips, there is a possibility that traditional glucose monitoring markets could take a major hit as consumers shift to other technologies.

"Meters and strips manufacturers cannot afford to ignore the threat from emerging technologies," says Cohen. "Active monitoring of product developments and investments in competitive information gathering must be coupled with in- house technology developments and searches for effective strategic partners."

Marketing investments targeted at high frequency testing populations, such as insulin pump users, is also likely to prove effective for maintaining market share and maximizing return on investment.

U.S. Glucose Monitoring Markets and Emerging Technologies, part of the patient monitoring subscription, analyzes the aforementioned market, segmenting it into glucose strips, glucose meters, and emerging glucose monitoring technologies. The study discusses the various market trends and opportunities while providing in-depth analysis of market share, revenue forecasts, and market drivers and restraints. Analyst interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies,
econometrics, and demographics.



www.prnewswire.com