Quick Tip #1
Oligopoly: ol·i·gop·o·ly [ol-i-gop-uh-lee]
Wikipedia: An oligopoly is a market form which a market or industry is dominated by a small number of sellers.
Fact: You may have heard of “The Big Four” in the Blood-Glucose Self-Monitoring (BGSM) market. If not, you will. Since the 90’s these 4 giants have managed (with the FDAs assistance) to control over 90% of the BGSM market share. Currently, the industry is valued at $8.8 billion globally. That, ladies and gentlemen, is the definition of an Oligopoly.