Global Continuous Glucose Monitoring System Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

Continuous Glucose Monitoring (CGM) System is essential to all age groups for real time continuous glucose monitoring as well as manages diabetes effectively. The identification and estimation of appropriate blood glucose level in patients by using CGM system. The CGM system evolved from enzyme-based electrochemical glucose sensors which are attached with a transmitter for daily diabetes management. For improving metabolic control there is proactively tracking glucose level fluctuations of interstitial fluid. This system also helps in reducing the risk of hyperglycemia & hypoglycemia. The crucial factors driving the growth, owing to growing diabetic population, increase in healthcare expenditure. The global continuous glucose monitoring system market accounted 4987.1 million USD in 2020 and is expected to reach 22575.869 million USD by 2030 to grow at a CAGR of 16.3% during the forecast period.
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Market Dynamics and Factors:
An increasing prevalence of diabetes globally and increased calling for glucose level testing instantly are the major drivers for the growth of the global continuous glucose monitoring system market. Moreover, innovative technology allowing quick access for analysing blood glucose level and growing healthcare sectors and increasing awareness about personal health management are some of the other factors which will drive the market during forecast time. Conversely, high cost and low availability of CGM systems in developing countries are responsible to restrain the market growth. Additionally, growing technological advancements for development of easy operating solutions for testing glucose level in blood, rising demand for CGM point of care and increasing safety evidences for these systems are also boosting the growth of market during the next coming years. On the rather hand, the technological advancements in consumer electronics sector and evolution of laser-based hard disc drive technology among the population are creating immense opportunities for the market growth during forecast timeframe. However, inadequate reimbursement and high cost associated with the application of CGM devices is considered to be the challenge for market in upcoming years.
Market Segmentation:
Global Continuous Glucose Monitoring System Market – By Component
Transmitters & Receivers
Integrated Insulin Pumps
Sensors
Global Continuous Glucose Monitoring System Market – By End User
Home Healthcare
Diagnostic Centers
Others
Global Continuous Glucose Monitoring System Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America holds the largest market share in the global continuous glucose monitoring system market followed by Europe and Asia Pacific. The global spread of diabetes along with increasing geriatric population, government initiatives undertaken for prevention of diabetes & treatment support and continuous technological advancements are responsible for the market growth in North America region. In the United States, diabetes is surpassed an alarming rate accounted as 9.4% of the U.S. population, stated by WHO. In addition, Asia pacific held the faster market growth due to increasing awareness about these devices usage coupled with continuously concentrating on the technological advancements of CGM system. Furthermore, ASPC witnesses the highest growth rate during the forecast time frame due to lucrative opportunities offered by countries including China, India, Singapore, South Korea, and Japan. These countries are emerging as hubs for data centers owing to advanced telecom infrastructure and support from government. Europe is expected to significant growth in the global market due to increasing adoption of these devices by countries including Germany, Italy, France and Spain. Latin America and the Middle East & Africa region are projected to moderate growth of the market during the forecast time frame.
Competitive Scenario:
The key players of global continuous glucose monitoring system markets are Abbott laboratories, Animas Corporation, Dexcom Inc., Glysens Incorporated, Medtronic PLC, AgaMatrix Inc., Arkray USA Inc., Bayer AG, Insulet Corporation, and Sensonic Corporation.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Continuous Glucose Monitoring System industry, although key threats, opportunities and disruptive technologies that could shape the Global Continuous Glucose Monitoring System Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Continuous Glucose Monitoring System Market most.
The data analysis present in the Global Continuous Glucose Monitoring System Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Continuous Glucose Monitoring System Market business.
The 2021 Annual Global Continuous Glucose Monitoring System Market offers:
100+ charts exploring and analysing the Global Continuous Glucose Monitoring System Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Continuous Glucose Monitoring System Market type
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