Continuous glucose monitoring means using a device to automatically estimate your blood glucose level, also called blood sugar, throughout the day and night. The continuous blood glucose monitoring (CGM) market was experiencing rapid growth, driven by increasing diabetes prevalence, advancements in CGM technology, and a growing awareness of the benefits of continuous glucose monitoring.
Obesity, inactivity, smoking, and being overweight are common risk factors for diabetes complications, in addition to high blood pressure and cholesterol. The International Diabetes Federation projects that 536.6 million people worldwide will have diabetes in 2021.
Patients can obtain information on their food intake, medication use, physical activity, and illnesses by using continuous glucose monitoring (CGM) devices. The advent of digital medicines has made it easier for manufacturers of continuous glucose monitoring devices to interact with patients who have diabetes. There are many apps available that aggregate CGM data to analyze future trends and make necessary lifestyle adjustments for the patient. It is expected that each of these factors would contribute positively to the growth of the continuous glucose monitoring device market.
Top Key Players Covered in The Continuous Blood Glucose Monitoring Market
Abbott (U.S.), ACON Laboratories (US), ARKRAY (Japan), Ascensia Diabetes Care Holdings AG (Switzerland), B. Braun Melsungen AG (Germany), Beta Bionics, Inc. (US), Dexcom, Inc. (U.S.), Echo Therapeutics Inc. (US), F. Hoffmann-La Roche Ltd (Switzerland), GlySens Incorporated (US), Integrity Applications Inc., LifeScan IP Holdings, LLC (U.S.), Medisana AG (Germany), Medtronic (Ireland), Metronom Health Inc. (US), Nipro (Japan), Nova Biomedical (US), OrSense Ltd. (Israel), PKvitality (France), Prodigy Diabetes Care (US), Sanofi (France), Senseonics (U.S.), Siren Care, Inc. (US), Terumo Corporation (Japan), Ypsomed (Switzerland), and other major players.
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Segmentation Analysis of the Continuous Blood Glucose Monitoring Market
Continuous Blood Glucose Monitoring market segments cover the Product, application, and end-users. By Product, the Sensors segment is anticipated to dominate the Market over the Forecast period.
By Product
- Receivers
- Sensors
- Insulin Pump
By Testing Site
- Fingertip testing
- Alternate Site Testing
By End-User
- Home Care
- Diagnostics Centres
- Hospitals
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Continuous Blood Glucose Monitoring Market Regional Analysis
North America is expected to dominate the Market over the Forecast period.
The countries in the North American region depict a high prevalence of diabetes. Due to the large pool of patients and wider acceptance of advanced technologies, the United States held the largest share of the glucose monitoring market in 2019. According to the International Diabetes Federation (IDF), approximations, in 2019, 463 million adults (aged 20-79) around the world had diabetes, including 31 million in the United States.
Besides, other factors, such as new advancements and innovations, give many conveniences in measuring blood glucose levels. The innovations from start-up companies in the U.S., having around 2.9 billion in funding in the diabetes industry like Glooko, OneDrop, verily, Vacate, Insulet, Noom, Bigfoot Biomedical, Virta Health, Diabeloop, Orgenesis, etc., drive the United States market.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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