The Reports and Insights, a leading market research company, has recently releases report titled “Continuous Glucose Monitoring Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Continuous Glucose Monitoring Systems Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Continuous Glucose Monitoring Systems?
The continuous glucose monitoring systems market was valued at US$ 11.4 Billion in 2023 and is expected to register a CAGR of 15.3% over the forecast period and reach US$ 41.1 Bn in 2032.
What are Continuous Glucose Monitoring Systems Market?
Continuous Glucose Monitoring (CGM) Systems are devices worn on the body to monitor glucose levels continuously. These systems include a small sensor inserted under the skin, usually on the abdomen, to measure glucose levels in the interstitial fluid. The sensor is connected to a transmitter that sends the glucose readings to a receiver or smartphone app. CGM systems offer real-time glucose readings, trends, and alerts for high and low glucose levels, aiding people with diabetes in managing their condition more effectively. They are particularly useful for individuals requiring strict glucose control, such as those with type 1 diabetes, as they can help prevent episodes of hypoglycemia and hyperglycemia.
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What are the growth prospects and trends in the Continuous Glucose Monitoring Systems Market industry?
The continuous glucose monitoring (CGM) systems market growth is driven by various factors and trends. The market for continuous glucose monitoring (CGM) systems is experiencing significant growth due to several factors, including the increasing global prevalence of diabetes, greater adoption of advanced diabetes management technologies, and a rising demand for real-time glucose monitoring solutions. CGM systems offer numerous benefits compared to traditional glucose monitoring methods, such as continuous monitoring, trend analysis, and alerts for high and low glucose levels. Market expansion is further driven by factors like the development of innovative CGM systems, their integration with smartphones and other devices for data management, and favorable reimbursement policies for diabetes management devices. Moreover, the trend towards personalized and proactive healthcare approaches is expected to continue driving the demand for CGM systems in the future. Hence, all these factors contribute to continuous glucose monitoring (CGM) systems market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Components
- Transmitters and Monitors
- Sensors
- Receiver
By Technology
- Real Time continuous glucose monitoring
- Intermittently Scanned continuous glucose monitoring
By Application
- Type 1 Diabetes
- Type 2 Diabetes
- Gestational Diabetes
By End-Use
- Home Care Diagnostics
- Hospitals
- Ambulatory Surgical Centers
By Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Russia
- Poland
- Benelux
- Nordic
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- ASEAN
- Australia New Zealand
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Argentina
Middle East Africa
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
- Rest of MEA
Who are the key players operating in the industry?
The report covers the major market players including:
- Dexcom
- Medtronic
- Abbott
- Trinity Biotech
- Senseonics
- Ypsomed
- Life Scan
- Roche
- Novo Nordisk
- Pendragon Medical
- NOW Health
- Nutramax Laboratories
- Ascensia Diabetes Care
- Pendragon Medical
- Omnipod
- Medella Health
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