Continuous Glucose Monitoring Market – Overview
A continuous glucose monitor is basically a medically approved device used for continuously monitoring high blood sugar levels in a person with diabetes, i.e. people with type I, diabetic, or other classifications of diabetes. The continuous glucose monitor has a sensor attached to the finger which allows the person with diabetes to take insulin shots just like they would if they had their blood sugar measured at a pharmacy. Some continuous glucose monitors have an alarm feature that alerts the person with diabetes if their blood sugar level falls below a certain level. The global continuous glucose monitoring market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global continuous glucose monitoring market is expected to witness significant growth during the forecast period, owing to the rising geriatric population.
The global continuous glucose monitoring (CGM) devices market was valued at US$ 3,807.3 million in 2018 and is expected to witness a robust CAGR of 24.8% over the forecast period (2019- 2027).
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Continuous Glucose Monitoring Market – Drivers
Increasing incidence of diabetes is expected to drive the growth of the global continuous glucose monitoring market during the forecast period. According to the World Health Organization (WHO), the number of people with diabetes has increased from 108 million in 1980 to 422 million in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused due to diabetes. Glucose monitoring tracks blood glucose levels throughout day and night. Hence, such factors are expected to drive the growth of the global continuous glucose monitoring market during the forecast period. Furthermore, the rising geriatric population is expected to propel the global continuous glucose monitoring market growth over the forecast period.
Market Restraint –
Lack of adequate reimbursement for devices is expected to hinder the global continuous glucose monitoring market growth over the forecast period.
Regional Insights –
Among regions, North America is expected to witness significant growth in the global continuous glucose monitoring market during the forecast period. This is owing to the increasing geriatric population and the rise in the incidence of diabetes. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to improving healthcare infrastructure in the region.
Competitive Section –
Major companies involved in the global continuous glucose monitoring market are Abbott Laboratories, Nova Biomedical Corporation, Roche Diagnostics Medtronic, Inc., Dexcom Inc., Sensionics Incorporated, and Bayer AG.
For instance, in June 2020, Abbott Laboratories received the U.S. Food and Drug Administration (FDA) clearance for its FreeStyle Libre 2 integrated continuous glucose monitoring (iCGM) system for children aged 4 years and above with diabetes.
Continuous Glucose Monitoring Market – Taxonomy
This report segments the CGM market on the basis of application, and end-user. On the basis of application, the market is segmented into monitoring glucose for diabetes patients and critical care patients. In terms of end-user, the global continuous glucose monitoring market is analyzed for hospitals, homes, and ambulatory health centers.
Global Continuous Glucose Monitoring Market, By Product Type:
- Transmitters and Receivers
- Insulin Pumps
Global Continuous Glucose Monitoring Market, By Application:
- Diabetic Patients
- Type 1 Diabetes
- Type 2 Diabetes
- Critical Care Patients
Reasons to Buy this Report –
Continuous Glucose Monitoring Market Report enables you to –
– Formulate significant competitor information, analysis, and insights to improve R&D strategies
– Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage
– Identify and understand important and diverse types of Continuous Glucose Monitors under development
– Develop market-entry and market expansion strategies
– Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
– In-depth analysis of the products current stage of development, territory, and estimated launch date
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Detailed Table of Content 2021-2028 Global and Regional Continuous Glucose Monitoring Production, Sales and Consumption Status and Prospects Professional Market Research Report
Chapter 1 Industry Overview of Continuous Glucose Monitoring Market
Chapter 2 Production Market Analysis of Continuous Glucose Monitoring Market
Chapter 3 Sales Market Analysis of Continuous Glucose Monitoring Market
Chapter 4 Consumption Market Analysis of Continuous Glucose Monitoring Market
Chapter 5 Production, Sales and Consumption Market Comparison Analysis
Chapter 6 Major Manufacturers Production and Sales Market Comparison Analysis
Chapter 7 Major Type Analysis
Chapter 8 Major Application Analysis
Chapter 9 Industry Chain Analysis
Chapter 10 Global and Regional Market Forecast of Continuous Glucose Monitoring Market
Chapter 11 New Project Investment Feasibility Analysis
Chapter 12 Conclusions
Chapter 13 Appendix
And Many More….
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