Frost & Sullivan: SMBG Within As... ( KUALA LUMPUR Malaysia May 20 /PRNew...)

Frost & Sullivan: SMBG Within Asia Pacific

Date:5/19/2009

KUALA LUMPUR, Malaysia, May 20 /PRNewswire/ -- 2009 poses a challenging year for the global economy. Likewise for the SMBG within APAC, whereby several developing nations were experiencing challenges on devaluating currencies, which subsequently decreased the returns of the key SMBG players. On the positive end, the demand of self-monitoring device is still on the rise, in line with the growing popularity of personalized healthcare in the region.

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Frost & Sullivan Consultant Keith Lee says, "The changing lifestyle and rapid urbanization in most developing countries in APAC is gradually increasing the burden of chronic diseases. Diabetes is no exception. With the increasing popularity of personalized healthcare and patient awareness, the usage of OTC self-monitoring devices is also on the rise, which creates the market demand for SMBG products."

"According to the International Diabetes Federation (IDF), 246 million people in the global adult population in the seven regions of IDF were burdened with diabetes, up from 194 million in 2003. It is estimated that the figure will rise to 380 million by 2025," Lee further explains.

The strong rise of global diabetes prevalence is likely to expand the global SMBG market by more than 50 percent by 2025. Being the two most populous countries globally, China and India are expected to become the most strategic markets for SMBG system by accounting for more than 100 million diabetes patients in 2025.

Nonetheless, due to the silent nature of diabetes, the majority of the diabetes patients were unaware of the prevalence. Furthermore, while the usage of self-monitoring blood glucose system is a norm in most developed countries, the exposure of such system in most developing countries in AP
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