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Market for Meters Looking Very Bright in Asia


Oct 30, 2007

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.

* * *

Source: Trading Markets.com


Categories: Diabetes, Diabetes, International, Meters



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Comments

Posted by jolo on 1 November 2007

This article is almost like a satire from the old Monty Python show. Dark satire.

What a horrible situation this shows on how Diabetes is spreading faster than a wildfire all over the world. Yes, Diabetes is a 10 billion money maker for Big Pharm, but it is also crippling governments budgets who have any programs to pay for Diabetic care.
Big Pharm DOESN'T MAKE MONEY ON METERS !!Any Diabetic could call ANY meter manufacturer/distributer and get a free meter. Even their most expensive brand.
Why, because of the "organized crime" activity created by the collusion of Big Pharm, The FDA, U.S. Congress and the ADA.
Test strips are price fixed among the industry with the game "rigged" so that there is no competition and an item vital to Diabetes Management cost a company 1 to 2 (at most) cents per strip to make and distribute.
The retail cost of Test Strips ranges from $1 to $1.50.
This is because of the collusion between these entities that ensure that THERE IS NO GENERIC TYPE OF TEST STRIP. There are standards in force for EVERY SINGLE TYPE OF MEDICAL TEST FOR ALL BLOOD WORK, URINALYSIS, ETC, EXCEPT FOR THE STRIP TO TEST FOR BLOOD SUGAR. Every single brand of meter is made to only work with the test strip THAT IS MANUFACTURED/DISTRIBUTED by the company that makes the meter !! That is why any meter company will give overjoyed to give their meters away to any Diabetic who calls them !!
A 10,000 PERCENT PROFIT ON EVERY SINGLE TEST STRIP THAT THEY SELL !!
Call your Congressman, the FDA and let them know that the FDA HAS TO ALLOW FOR A GENERIC STANDARD FOR ALL METERS. Then they will be sold for what they are worth and this will allow competition in the marketplace.
Jon T.

Posted by Anonymous on 1 November 2007

Will the day come when the poor diabetic from Africa or elsewhere will ever be able to have his blood sugar tested using "strips" that still sell at exorbitant prices !!

Posted by Anonymous on 2 November 2007

Obviously profit drives the economy. Without profit, there is no motivation for new products or innovation. This basic principle is why we will never see economical glucose testers or a cure for diabetes in our life time.

We will be fortunate if they do not find a way to spread diabetes faster.

Greed rules, truth hurts.

John R.

Posted by Ladybird on 4 February 2008

Infact the meters and the test strips are at unbelievable prices in India. I had bought one set for my aunt and a German one was the only one available, obselete, very hard to figure out. I really felt sorry for her. And even if she had that figured out the strips were exorbitant, ofcourse.

As the other posters point out, yes, we keep on hearing about the governments and doctors telling us how the diabetic crisis is becoming epidemic but they don't do anything about it. Each glucose meter is made differently with a different test strip needed for it.

In the UK, we had that study by Dr Farmer in the BMJ, last year, saying that Type 2 don't need to test themselves, it doesn't help. What a farce, till you understand that the diabetic supplies are given out free to the patients there and it suddenly "makes sense"!! Oh, so that's it, now the drug companies are getting the doctors to help them out and prescribe less meters/test strips to the public. Is this going to "help" the diabetic crisis or increase it?

Why doesn't it make any sense to the government/drug companies that one of the main ways to help the crisis is to make these most important tools easily available to the diabetic public in the US and Africa and Asia, ofcourse. Only when this is done will the crisis slow down, when doctors, who believe in regular testing for both Type 1 and 2's ( and I believe most do)with D. E's educate every diabetic who walks into their clinics the importance of regular testing. Doctors, I believe don't do enough of this educating, which is so crucial.

And ofcourse, as the other posters have pointed out we, the diabetics who do understand the importance of regular testing must try and "push" the FDA to do the right thing. Bring the prices down, when they come down here, it will be easier to bring them down in the rest of the world. I wonder what the WHO is doing about this.

My 100 test strips cost $ 100.00 a month, I'm insured, thank God. I shudder to think what I'd do if I wasn't, my A1c would probably be closer to 8 rather than to 6, which it is, only because of the regular testing I do.

Ofcourse, more doctors prescribe medicines rather than tell patients the importance of a lifestyle change, which in turn will help weight control and maintain glucose levels. It seems easier for them to do this, rather than than the other more time consuming effort but perhaps a way to an eventual decrease of the epidemic, at least for Type 2's. However we do it, we need those glucose meters!!

Thank you for this article, it makes the US readers more aware of what is going on beyond
in the world.


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