Frost & Sullivan, whose mission is to research and analyze new market opportunities for corporate growth, has some happy news about the diabetes epidemic: It’s creating a huge demand for glucose meters and strips in Asia.
According to a report by the company, the Asia Pacific region used enough meters and strips last year to add up to over $100 million. News of the future is even brighter, as there is considerable potential for expansion.
Unfortunately, the markets in developing countries are constrained by low levels of patient awareness about monitoring, so manufacturers are advised to address that if they really want to take advantage of the potential windfall.
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Source: Trading Markets.com