Latin America Blood Glucose Monitor Market
Latin America Blood Glucose Monitor Market by Product (Blood Glucose Monitoring, Professional Point of Care), Application (Diabetes Management, Health & Wellness Monitoring), Test Site (Fingertip, Upper Arm), End User (Self/Homecare) - Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The Latin America blood glucose monitor market is projected to reach USD 1.79 billion in 2030 from USD 1.14 billion in 2025, at a CAGR of 9.5% during the forecast period. The market is set for steady growth, supported by advancements in continuous glucose monitoring (CGM) technologies and smart self-monitoring devices that enhance accuracy, enable real-time glucose data access, and improve ease of use. In addition, the rising prevalence of diabetes, increasing health awareness, and the growing adoption of digital and mobile health solutions augment the demand for blood glucose monitoring devices across hospital, clinic, and homecare settings in Latin America.
KEY TAKEAWAYS
-
BY COUNTRYBy country, Brazil is expected to record the highest CAGR of 9.9% in the Latin America blood glucose monitor market during the forecast period.
-
BY PRODUCT TYPEBased on product type, the self monitoring blood glucose systems segment held the maximum share of 42.8% in the Latin America blood glucose monitor market in 2024.
-
BY APPLICATIONBased on application, the diabetes management segment is expected to grow at the highest CAGR of 9.6% during the forecast period.
-
BY TEST SITEBased on the test site, the fingertip segment contributed the largest share due to its convenience, fast results, and extensive usage among patients and healthcare professionals.
-
BY END USERBased on end user, the self/home care segment accounted for the largest share in the market.
-
COMPETITIVE LANDSCAPE- KEY PLAYERSAbbott Laboratories (US), Ascensia Diabetes Care Holdings AG (Switzerland), and Medtronic (Ireland) were identified as some of the key players in the Latin America blood glucose monitor market, given their substantial market share and product/service footprint.
-
COMPETITIVE LANDSCAPE- STARTUPSCompanies such as MicroTech Medical, among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.
The Latin America blood glucose monitor market is witnessing steady growth, supported by the rising prevalence of diabetes driven by increasing urbanization, sedentary lifestyles, and changing dietary patterns across key countries. Growing adoption of advanced continuous glucose monitoring and emerging non-invasive technologies, along with improvements in device connectivity, mobile health integration, and smart data analytics, is expanding usage across hospitals, clinics, and home-care settings in Latin America.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The Latin America blood glucose monitor market is experiencing a shift from traditional glucose meters and strip-based testing toward advanced, technology-driven solutions. Emerging trends include the adoption of continuous glucose monitoring (CGM) systems, non-invasive and minimally invasive sensors, smart connected devices, and AI-powered analytics. These innovations are creating high-growth opportunities, driven by demand for real-time monitoring, improved accuracy, and enhanced diabetes management. End users such as hospitals, clinics, and home-care patients are increasingly adopting these disruptive technologies, reshaping the future of diabetes care.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Level
-
Increasing incidence of diabetes

-
Rising elderly population
Level
-
Short sensor lifespan and frequent replacements
-
High cost and socioeconomic disparities in access to blood glucose sensors
Level
-
Integration with digital health platforms and smart devices
-
Expansion of coverage and reimbursement policies for CGMs
Level
-
Regulatory compliance challenges for non-invasive glucose monitoring technologies
-
Data overload and alarm fatigue
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Increasing incidence of diabetes
The Latin America blood glucose monitor market is mostly driven by the increased prevalence of diabetes in the region, with Brazil being the major contributor to the overall disease burden. According to the IDF Diabetes Atlas 2025, Brazil had around 16. 6 million people with diabetes in 2024, making it the country with the sixth, largest diabetic population worldwide, and this figure is expected to reach 24. 0 million by 2030. Furthermore, the rise in Type 2 diabetes cases, the increase in diagnosis among the working age population, and the continuously growing elderly population are leading to a higher demand for regular and accurate glucose monitoring. Since diabetes is still one of the biggest public health problems in Latin America, healthcare systems are increasingly concentrating on the long-term management of the disease, they are taking up reliable, user-friendly blood glucose monitoring devices in clinical and in home care settings.
Restraint: Short sensor lifespan and frequent replacements
The short lifespan of blood glucose monitoring sensors and the need for frequent replacements have been identified as a major limitation of the Latin America blood glucose monitor market. Most continuous glucose monitoring (CGM) sensors are only meant to be worn for a short time, such as days or weeks, which leads to increased costs for the patient and the payer over time. Due to repeated sensor replacements, the out-of-pocket expenses of users of these monitoring devices constitute an issue for concern for diabetic populations. Besides, frequent sensor changes can cause inconvenience and challenge adherence to the treatment plan for users, particularly for elderly patients and those with long, term diabetes. In addition, supply continuity, prescription renewals, and reimbursement limitations related to the frequency of replacements can also hinder the consistent use of the device. Altogether, these factors have a limiting influence on the wide, ranging market penetration and hamper the overall growth potential of blood glucose monitoring systems in Latin American region.
Opportunity: Integration with digital health platforms and smart devices
The integration of blood glucose monitors with digital health platforms and smart devices is emerging as a transformative opportunity in diabetes management. Advancements in Bluetooth and cloud connectivity allow real-time glucose data to be synchronized with smartphones, wearables, and electronic health records, enabling continuous monitoring and data-driven decision-making. Patients benefit from personalized alerts, automated insulin dose recommendations, and trend analytics that improve self-management and clinical outcomes. For healthcare providers, integrated platforms facilitate remote monitoring, teleconsultations, and population-level analytics, enhancing care coordination and reducing hospital visits. As governments and insurers increasingly support digital health adoption, this trend is expected to accelerate, positioning connected glucose monitoring as a cornerstone of next-generation diabetes care.
Challenge: Regulatory compliance challenges for non-invasive glucose monitoring technologies
Non-invasive glucose monitoring technologies in Latin America are currently constrained by notable regulatory and reimbursement challenges. Approval pathways vary significantly across key countries, such as Brazil, Mexico, Argentina, Colombia, and Chile, with national regulatory authorities requiring robust clinical evidence to demonstrate device safety, accuracy, and performance across diverse patient populations. Unlike conventional blood-based glucose monitoring systems that directly measure glucose levels, non-invasive technologies relying on optical or electromagnetic sensing can be affected by variables such as skin pigmentation, hydration levels, and environmental conditions common in the region, increasing the complexity of clinical validation. Furthermore, the lack of harmonized regulatory frameworks and standardized evaluation protocols across Latin America introduces uncertainty for manufacturers, often resulting in prolonged approval timelines and elevated clinical validation costs. As a result, despite growing technological innovation and interest in non-invasive solutions, stringent regulatory requirements combined with limited reimbursement coverage continue to restrain the large-scale commercialization and adoption of non-invasive glucose monitoring devices in the Latin American market.
LATIN AMERICA BLOOD GLUCOSE MONITOR MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
|
|
FreeStyle Libre 3 continuous glucose monitoring (CGM) system designed for real-time glucose tracking without routine fingersticks; transmits minute-by-minute readings to a connected smartphone app | Eliminates fingerstick calibration | Enhances patient comfort, enables proactive glucose management | Supports better glycemic control through trend-based insights |
|
|
Dexcom G7 all-in-one CGM sensor providing real-time glucose readings, customizable alerts, and integration with smartphones and insulin pumps for seamless diabetes management | Offers superior accuracy and fast warm-up | Provides predictive alerts to prevent hypo- and hyperglycemia | Improves adherence through connectivity and data visualization |
|
|
Guardian 3 Sensor used with Medtronic insulin pumps to deliver continuous glucose data every five minutes, supporting automated insulin delivery and trend-based therapy adjustments | Enables hybrid closed-loop insulin management | Improves time-in-range | Reduces glycemic variability | Enhances safety for insulin-dependent users |
|
|
Omnitest self-monitoring blood glucose (SMBG) device designed for capillary blood testing, offering reliable and quick results for daily home or point-of-care glucose monitoring | Provides affordable, accurate, and easy-to-use glucose testing | Supports frequent monitoring and improved patient engagement in self-managed care |
|
|
Accu-Chek range of SMBG systems designed for fast and dependable glucose measurement with connectivity to digital platforms for progress tracking and data sharing | Ensures consistent accuracy | Simplifies diabetes management | Enables remote data access | Strengthens patient–clinician communication for improved outcomes |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The Latin America blood glucose monitor market operates within a complex ecosystem comprising multiple stakeholders that collectively drive innovation, distribution, and adoption. Device manufacturers develop accurate and reliable blood glucose monitoring systems, while distributors ensure these products reach hospitals, clinics, pharmacies, and retail channels. Healthcare providers, including hospitals and specialized diabetes care centers, integrate these devices into patient management, supported by doctors, nurses, and other professionals who guide usage and monitor outcomes. Patients and caregivers form the end user base, relying on these devices for daily diabetes management. Health advocacy organizations promote awareness, best practices, and policy support, while government and regulatory bodies ensure safety, efficacy, and compliance, shaping market access and product standards. Together, this interconnected network defines the operational and innovation landscape of the global blood glucose monitor market.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Latin America Blood Glucose Monitor Market, By Product type
Based on product type, the Latin America blood glucose monitor market is segmented into self-monitoring blood glucose (SMBG) systems, continuous glucose monitoring (CGM) systems, professional point-of-care devices, and non-invasive products. SMBG systems hold the maximum market share due to the availability of a large number of products in the market, cost effectiveness over CGM systems, and good market penetration within retail pharmacies, public healthcare programs, and homecare settings. Heavy dependence on fingerstick-based testing within public healthcare schemes, lack of adequate reimbursements for CGM technology in many countries, and a large base of price-sensitive diabetic patients also contribute to the market dominance of SMBG systems within Latin America.
Latin America Blood Glucose Monitor Market, By Application
Based on application, the Latin America blood glucose monitor market is segmented into diabetes management, health & wellness monitoring, and other applications, with diabetes management representing the dominant and fastest-growing segment. The market is primarily driven by the high burden of Type 2 diabetes in Brazil and Mexico, which account for a significant share of the diabetic population, as well as rising incidence across Argentina, Colombia, and Chile. Demand for glucose monitoring is strongly concentrated within public healthcare systems and urban outpatient settings, where regular SMBG testing remains a cornerstone of diabetes care. While CGM adoption is increasing in private hospitals and among insured patient groups, particularly in Brazil and Mexico, affordability constraints and limited public reimbursement continue to shape usage patterns. Expanding penetration of pharmacy-based distribution, gradual integration of digital health tools in private care networks, and growing physician focus on long-term glycemic control are supporting sustained growth of the diabetes management application segment across Latin America.
Latin America Blood Glucose Monitor Market, By End User
Based on end user, the Latin America blood glucose monitor market is segmented into self/home care, hospitals and clinics, and other end users. The self/home care segment holds the largest share, driven by the high prevalence of diabetes in Brazil, Mexico, Argentina, and Colombia, rising out-of-pocket healthcare spending, and a strong preference for home-based disease management. Growing patient awareness of regular glucose monitoring, especially in urban centers, has increased the demand for home-use devices. Widespread availability through retail and hospital pharmacies, along with expanding e-commerce channels, supports adoption. Technological advancements, such as connected meters, continuous glucose monitoring (CGM) systems, and smartphone-based tracking, enhance ease of use and engagement, while telemedicine and digital health programs in key countries further reinforce the dominance of the self/home care segment across Latin America.
REGION
Brazil to be fastest-growing country in Latin America blood glucose monitor market during forecast period
The blood glucose monitor market in Brazil is expected to register one of the highest growth rate in Latin America during the forecast period. The market is driven by the large and growing diabetic population, the increasing awareness of the importance of regular glucose monitoring, and the rising adoption of continuous and digitally connected monitoring technologies, particularly in urban areas. The aging population and high prevalence of lifestyle-related conditions such as obesity are increasing the demand for accurate, convenient, and patient-friendly monitoring solutions across home-care and outpatient settings. In addition, expanding access to healthcare through the public system, rising penetration of digital health tools, and growing use of telemedicine and remote monitoring services are supporting broader uptake of advanced glucose monitoring systems, positioning the country as a key growth market.

LATIN AMERICA BLOOD GLUCOSE MONITOR MARKET: COMPANY EVALUATION MATRIX
In the Latin America blood glucose monitor market matrix, Abbott Laboratories (Star) leads the market, supported by its strong regional presence and broad portfolio of CGM and SMBG systems. Its leadership is driven by proven accuracy, continuous innovation, and widespread adoption of the FreeStyle Libre platform across home-care and clinical settings in major markets, such as Brazil and Mexico. i-SENS, Inc. (Emerging Leader) is gradually expanding its presence in the region through its cost-effective SMBG products and early-stage CGM offering with the CareSens Air system. The company’s local office in Chile further supports regional operations and distributor relationships. While Abbott continues to benefit from scale and brand strength across hospital and pharmacy channels, i-SENS shows potential to move toward the leaders’ quadrant by expanding distribution and offering connected, value-focused glucose monitoring solutions suited to price-sensitive Latin American markets.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Abbott Laboratories (US)
- Medtronic (Ireland)
- Dexcom (US)
- Ascensia Diabetes Care Holdings AG (Switzerland)
- Sinocare (China)
- F. Hoffmann-La Roche Ltd (Switzerland)
- B Braun SE (Germany)
- Nipro (Japan)
- Senseonics (US)
- i-Sens, Inc (South Korea)
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size Value in 2024 (Value) | USD 1.04 Billion |
| Market Forecast in 2030 (Value) | USD 1.79 Billion |
| Growth Rate | CAGR of 9.5% from 2025–2030 |
| Years Considered | 2023–2030 |
| Base Year | 2024 |
| Forecast Period | 2025-2030 |
| Units Considered | Value (USD Million/Billion), Volume (Thousands Units) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type: Self Monitoring Blood Glucose Systems, Continuous Glucose Monitoring Systems, Professional Point of Care Devices, Non-invasive Products I Test Site: Fingertip, Upper Arm, Alternate Sites I By Application: Diabetes Management, Health & Wellness Monitoring, Other Applications I End User: Self/Home Care, Hospitals & Clinics, Other End Users |
| Countries Covered | Brazil, Mexico, and Rest of Latin America |
WHAT IS IN IT FOR YOU: LATIN AMERICA BLOOD GLUCOSE MONITOR MARKET REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Volume Analysis | Market assessment by volume (units) for products such as self-monitoring blood glucose monitoring systems and continuous glucose monitoring systems |
|
| Company Information | Key players: Abbott Laboratories (US), DexCom, Inc. (US), Medtronic (Ireland), F. Hoffmann-La Roche Ltd. (Switzerland), B. Braun SE (Germany), and Ascensia Diabetes Care Holdings AG (Switzerland) Top 3-5 players market share analysis at APAC and the North American country level | Insights on revenue shifts toward emerging innovations |
| Disease Prevalence |
|
|
RECENT DEVELOPMENTS
- November 2024 : DexCom, Inc. (US) announced a strategic partnership with smart-ring company OURA, enabling two-way integration between DexCom glucose biosensors and the OURA Ring and app, enriching users’ metabolic health insights by combining glucose data with vital signs, sleep, stress, and activity metrics. As part of the collaboration, DexCom has also invested USD 75 million in OURA’s Series?D funding round.
- August 2024 : Abbott (US) and Medtronic (Ireland) formed a global partnership to integrate Abbott’s FreeStyle Libre continuous glucose monitors (CGMs) with Medtronic’s insulin delivery systems, including the MiniMed 780G and InPen smart insulin pen.
Table of Contents
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Methodology
The study comprised four key activities to estimate the current size of the Latin America a name blood glucose monitor market. First, extensive secondary research was conducted to gather information on the market, including related and parent markets. The next step involved validating these findings, assumptions, and market size estimates through primary research with industry experts across the value chain. Top-down and bottom-up approaches were used to arrive at a comprehensive estimate of the overall market size. Finally, market breakdown and data triangulation techniques were utilized to determine the sizes of segments and subsegments within the market.
Secondary Research
The secondary research process involved extensive use of various secondary sources, including directories, databases like Bloomberg Business, Factiva, and D&B Hoovers, as well as white papers, annual reports, company house documents, investor presentations, and SEC filings. This research was conducted to gather information valuable for a comprehensive, technical, market-oriented, and commercial study of the Latin America blood glucose monitor market. It also helped obtain critical insights about key players in the industry, market classification, and segmentation based on current industry trends, down to the finest details. Additionally, a database of leading industry players was created through this secondary research.
Primary Research
In the primary research process, interviews were conducted with various sources from the supply and demand sides to gather qualitative and quantitative information for this report. On the supply side, industry experts were interviewed, including CEOs, vice presidents, marketing & sales directors, technology & innovation directors, and other key executives from prominent companies and organizations involved in the Latin America blood glucose monitor market. For the demand side, interviews were conducted with industry experts, purchase and sales managers, doctors, and personnel from research organizations. This primary research was essential to validate market segmentation, identify key players in the industry, and gather insights on important industry trends and market dynamics.
A breakdown of the primary respondents for the Latin America blood glucose monitor market is provided below:

Note 1: C-level executives include CEOs, COOs, CTOs, and VPs.
Note 2: Other designations include sales, marketing, and product managers.
Note 3: Companies are classified into tiers based on their total revenue. As of 2024: Tier 1=>USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The research methodology used to estimate the size of the Latin America blood glucose monitor market includes the following details. The market sizing was undertaken from the global side.
Country-level Analysis: The size of the blood glucose monitor market was obtained from the annual presentations of leading players and secondary data available in the public domain. The share of products in the blood glucose monitor market was obtained from secondary data and validated by primary participants to arrive at the total blood glucose monitor market. Primary participants further validated the numbers.
Geographic Market Assessment (By Region and Country): The geographic assessment was done using the following approaches:
Approach 1: Geographic revenue contributions/splits of leading players in the market (wherever available) and respective growth trends
Approach 2: Geographic adoption trends for individual product segments by end users and growth prospects for each of the segments (assumptions and indicative estimates validated from primary interviews)
At each point, the assumptions and approaches were validated by industry experts who were contacted during primary research. Considering the limitations of data available from secondary research, revenue estimates for individual companies (for the overall blood glucose monitor market and geographic market assessment) were ascertained based on a detailed analysis of their respective product offerings, geographic reach/strength (direct or through distributors or suppliers), and the shares of the leading players in a particular region or country.
Latin America Blood Glucose Monitor Market Size: Bottom-up Approach and Top-down Approach

Data Triangulation
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
Blood glucose monitors are medical devices used to measure and monitor blood glucose (sugar) levels in individuals, primarily for the diagnosis and management of diabetes mellitus. These monitors help patients and healthcare professionals assess glycemic control, adjust treatment plans, and prevent diabetes-related complications.
Key Stakeholders
- Blood Glucose Monitor Manufacturers
- Contract Manufacturers
- Suppliers and Distributors of Blood Glucose Monitors
- Senior Management
- Finance Department
- Healthcare Services Providers (Hospitals and Public & Private Clinics)
- Academic & Research Institutes
- E-commerce and Digital Platforms
- Retail Pharmacies and Supermarkets
- Trade Associations and Industry Bodies
- Regulatory Bodies and Government Agencies
- Business Research and Consulting Service Providers
- Market Research and Consulting Firms
- Venture Capitalists and Investors
Report Objectives
- To define, describe, segment, analyze, and forecast the Latin America blood glucose monitor market by product type, application, test site, end user, and country.
- To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and challenges)
- To analyze micromarkets concerning individual growth trends, prospects, and contributions to the overall market.
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.
- To forecast the size of the Latin America blood glucose monitor market in Brazil, Mexico, and the rest of the Latin America.
- To profile the key players in the Latin America blood glucose monitor market and comprehensively analyze their core competencies
- To track and analyze competitive developments such as agreements, collaborations, and partnerships; acquisitions; and product approvals & launches in the Latin America blood glucose monitor market.
Available customizations:
-
With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:
Geographic Analysis
- Breakdown of the Rest of Latin America blood glucose monitor market into Argentina, Chile, and others
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Need a Tailored Report?
Customize this report to your needs
Get 10% FREE Customization
Customize This ReportPersonalize This Research
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
Let Us Help You
- What are the Known and Unknown Adjacencies Impacting the Latin America Blood Glucose Monitor Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Custom Market Research Services
We Will Customise The Research For You, In Case The Report Listed Above Does Not Meet With Your Requirements
Get 10% Free Customisation
Growth opportunities and latent adjacency in Latin America Blood Glucose Monitor Market