The Continous Blood Glucose Monitoring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Continous Blood Glucose Monitoring Global Market Report 2024, The continous blood glucose monitoring market size has grown rapidly in recent years. It will grow from $8.09 billion in 2023 to $9.68 billion in 2024 at a compound annual growth rate (CAGR) of 19.7%. . The growth in the historic period can be attributed to rising diabetes prevalence, patient demand for better management tools, regulatory approvals and reimbursement policies, healthcare provider recommendations, personalized medicine approach.
The continous blood glucose monitoring market size is expected to see exponential growth in the next few years. It will grow to $20.44 billion in 2028 at a compound annual growth rate (CAGR) of 20.5%. . The growth in the forecast period can be attributed to integration with artificial intelligence, increased focus on remote patient monitoring, expansion of wearable technology, emphasis on prevention and early intervention, shift towards value-based care. Major trends in the forecast period include continuous glucose monitoring (cgm) systems growth, advancements in sensor technology, expansion of non-invasive monitoring technologies, data connectivity and interoperability, collaborations and partnerships.
The increasing prevalence of diabetes is expected to propel the growth of the continuous blood glucose monitoring market going forward. Diabetes is a health disease that occurs when the blood glucose levels fluctuate in the body. Blood glucose monitoring devices can aid in the detection of trends and patterns that give a better full picture of a diabetic’s condition. For instance, according to the International Diabetes Federation, in 2021, around 537 million adults were affected by diabetes. Therefore, the increasing prevalence of diabetes is driving the growth of the continuous blood glucose monitoring market.
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The continous blood glucose monitoring market covered in this report is segmented –
1) By Component: Insulin Pumps, Sensors, Transmitters, Receivers
2) By Application: Type 1 Diabetic Patients, Type 2 Diabetic Patients, Gestational Diabetes, Critical Care Patients
3) By End User: Hospitals, Homecare Diagnostics, Other End Users
Technological advancements have emerged as a key trend gaining popularity in the continuous blood glucose monitoring market. Major companies operating in the continuous blood glucose monitoring market are focused on developing advanced technological solutions to strengthen their position in the market. For instance, in February 2024, DexCom Inc., a US-based provider of continuous glucose monitoring systems for diabetes management, launched dexcom one+, a continuous glucose monitoring solution. It is a customizable system that can be worn at three different locations on the body and allows for real-time monitoring of blood glucose by both the user and up to ten additional people. The system includes a water-resistant sensor, a transmitter, and a smartphone app.
The continous blood glucose monitoring market report table of contents includes:
- Executive Summary
- Continous Blood Glucose Monitoring Market Characteristics
- Continous Blood Glucose Monitoring Market Trends And Strategies
- Continous Blood Glucose Monitoring Market – Macro Economic Scenario
- Global Continous Blood Glucose Monitoring Market Size and Growth
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- Global Continous Blood Glucose Monitoring Market Competitive Benchmarking
- Global Continous Blood Glucose Monitoring Market Competitive Dashboard
- Key Mergers And Acquisitions In Continous Blood Glucose Monitoring Market
- Continous Blood Glucose Monitoring Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Roche
- LifeScan Inc.
- Medtronic
- Abbott
- GlySens Inc.
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