Global Continuous Glucose Monitoring Market Rising at 15.5% CAGR Due to Diabetic Care Devices Adoption

The rising instances of unhealthy eating habits, sleeping disorders, stress, and alcohol practice has germinated a grievous concern of diabetes in the modern era. No permanent cure is found yet but prevention and cure methods are flourishing for maintaining glucose level. This progression has catered a potential demand for the continuous glucose monitoring which is expected to provide a business capital of USD 1,768.78 million during the forecast period of 2020 to 2027.

Surging pool of diabetic sufferers are prevailing in all age categories children, adults and baby boomers, have setup a strategic market ground for continuous glucose monitoring devices and gears, the mass demand of the glucose monitoring products is expected to deliver a progression rate of 15.5% against the forecasted seven years which is attracting eminent healthcare devices market players penetration in the developing economies.        

Continuous Glucose Monitoring Market Scenario

According to Data Bridge Market Research the market for continuous glucose monitoring is raising due to increment in the aged population. This dimensional uplift of the market is boosted by technological innovations for enhancing the continuous glucose monitoring methods and cures. These developments thoroughly backed by the emerging healthcare IT ventures and government initiatives led to adoption of minimally invasive technique will help the market to grow during anticipated time of 2020 to 2027.

The mentioned certain factor of growth will face some hindrance such as inaccurate detection which brings health complications and dearth of satisfactory compensation polices for medical devices which may act as restraint for the continuous glucose monitoring market during the anticipated duration of 2020 to 2027.

Now the question is which are the other regions continuous glucose monitoring market is targeting? Data Bridge Market Research has forecasted a large growth in the North America, owing to the advanced healthcare infrastructure. On the contrary Asia-Pacific (APAC) is expected to bounce the market growth exponentially due to surging players’ penetration and government initiatives taken.

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Continuous Glucose Monitoring Market Development and Acquisitions in 2019

  • In December 2019, the clinical healthcare and medical devices giant Medtronic made a potential acquisition with Klue, a start-up company which ensues gestures and other behavioural health metrics to understand and tackle eating habit of diabetic patients. This development will enhance the Medtronic healthcare monitoring devices portfolio and specialized diabetes management called as PCL (Personal Closed Loop System). 

Continuous Glucose Monitoring Market Scope

The continuous glucose monitoring market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.

All country based analysis of continuous glucose monitoring market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the continuous glucose monitoring market is segmented into integrated insulin pumps, transmitters & receivers and sensors. On the basis of demographics, the market is segmented into child population (<=14 years) & adult population (>14 years). On the basis of testing site, the continuous glucose monitoring market is segmented into fingertip testing and alternate site testing. On the basis of application, the continuous glucose monitoring market is segmented into diabetes and gestational diabetes. On the basis of end-user, the market is segmented into clinics & diagnostic centers, home care, private clinics, hospitals & others.

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Key Pointers Covered in the Continuous Glucose Monitoring Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Abbott
  • Integrity Applications
  • OrSense - non-invasive technologies
  • Medtronic
  • Johnson & Johnson Services Inc.
  • ARKRAY, Inc.
  • Dexcom, Inc.
  • Menarini Diagnostics s.r.l
  • Insulet Corporation
  • GlySens Incorporated
  • Senseonics, Incorporated
  • Animas LLC
  • Zhejiang POCTech Co.,Ltd.
  • Terumo Corporation

Above are the key players covered in the report to know about more and exhaustive list of continuous glucose monitoring companies’ contact us.

Research Methodology of Continuous Glucose Monitoring Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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