Excellence in Product Innovation Award
Dallas, July 8, 2021 -- Based on the recent research on Biosensors market, Lucintel is pleased to announce Abbott Laboratory’s FreeStyle Libre 3 System as the recipient of the “2021 Product Innovation Award in the Biosensors market.” Lucintel chose Abbott Laboratory’s for this award because of its novel real-time glucose monitoring technology, which delivers real-time, up-to-the-minute glucose readings for consecutive 14 days without charging along with an optional glucose alarms directly to smartphones for diabetes people and creates significant benefit to hospitals, patients, and clinicians.
Abbott Laboratory’s FreeStyle Libre 3 System is the world's smallest and the thinnest wearable biosensor, which ensures best-in-class performance at the affordable price for diabetes patients. It includes the longest-lasting, 9 self-applied CGM sensor, which is easy to apply with a one-piece applicator and is worn on the back of the upper arm, eliminating the need for painful finger sticks to view glucose levels. It also includes FreeStyle Libre 3 mobile app, which enable users to capture and view their real-time glucose levels, glucose history and trend arrows showing how their glucose is changing with just a glance at their smartphone.
These sensors are built on the proven FreeStyle Libre 2 sensor performance with a new sensor design at the same affordable price as previous versions. It aims at giving unparalleled results and is of one-third of cost than any other glucose monitoring (CGM) available. These sensors are more sustainable for the environment as it is smaller and more discreet sensor, which reduces the total volume by more than 70% including a 41% reduction in plastic use and 43% reduction in carton paper.
Lucintel’s awards in innovation and industry excellence recognize outstanding achievements and latest endeavors by companies in various industries, identifying the most successful, innovative, and forward-thinking companies and products in business today. Lucintel awards are based on systematic and detailed research on the relevant markets to identify and recognize the most successful recent innovations. These initiatives enable companies to demonstrate high levels of industry impact and benefits to end users. To know more contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.
About Lucintel
Lucintel, a premier market research and Management Consulting firm based in Dallas, Texas, has served over 1,000 clients for over 20 years. With our in-depth analysis and sage advice, Lucintel offers solutions for your growth through game changing ideas and analysis of robust markets and unmet needs. Lucintel has been quoted in esteemed publications, including The Wall Street Journal, ZACKS, and The Financial Times. For further information, visit www.lucintel.com.
About Abbott Laboratories
Abbott Laboratories is headquartered in Illinois, the United States and is a medical device and a healthcare company developing diagnostics tools, medical devices, nutritionals and branded generic medicines. Abbott Laboratories designs and develops glucose monitoring (CGM) technology that ensures real-time glucose readings automatically delivered to smartphones as shown in https://www.abbott.com/for-healthcare-professionals.html. Company’s mission is that all people with diabetes should have access to high-quality, accurate and affordable diabetes technologies. For further information, visit www.abbott.com
Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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