Latest industry research report on Continuous Glucose Monitoring Market. Rise in incidence of diabetes across the globe has elevated the need of innovative diabetic management devices, which has increased the adoption of continuous glucose monitoring (CGM) devices. The existing glucose monitoring devices have few gaps that are bridged by the innovative CGM. With CGM, significant improvement has been observed in stabilizing the elevated A1C levels, which in turn reduced the risk of developing long-term diabetic complications. Driving factors for the CGM market are technological innovation in the form of artificial pancreas and increasing awareness among Asia-Pacific countries such as India, China, Japan and others.
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Large patient pool, geographical expansion of market players, increase in income levels and improved living standards of the people are also driving the market growth. China and India together contribute for massive numbers of diabetic patients to the total diabetic patients in the region. However, factors such as strict regulatory impositions, inadequate reimbursement options for CGM, less accurate results and cost of the CGMs are restraining the market growth.
The Asia-Pacific CGM market is segmented into devices, applications, by-age and geography segments.
MARKET BY DEVICES
- Transmitter and receivers
- Insulin pump
MARKET BY APPLICATION
- Home settings
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- Children and teens
- Middle, elderly and aged
MARKET BY GEOGRAPHY