Global Continuous Glucose Monitoring Device Market was valued at USD 891.2 million by 2016 and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 13.12% during the forecast period, i.e. 2017-2025.

Global Continuous Glucose Monitoring Device Market Growth Opportunities (Revenue, Growth) By 2017-2025

Continuous Glucose Monitoring is an advanced way for people living with diabetes to monitor glucose readings in real-time over a particular time period. By using a continuous glucose monitor, your CGM system will automatically receive glucose readings every 5 minutes allowing you to fingerstick less often. CGM can be used with or without an insulin pump.

Market Dynamics

Continuous Glucose Monitoring device market was valued at USD 891.2 million and is expected to grow at a faster pace during the forecast period.  The continuous glucose monitoring devices market is primarily driven by increasing number of the population suffering from diabetes and other blood glucose level disorders. According to WHO, in 2016, diabetes was the direct cause of 1.6 million deaths and in 2012 high blood glucose was the cause of another 2.2 million deaths. In addition, according to the International Diabetes Federation, the number of diabetic population is expected to reach 642 million by the year 2040 as compared to 415 million patients in 2015, to influence the market growth during the forecast period.

Hence, the increasing number of population suffering from diabetes have attracted number of big players for developing new products which has influenced innovations and developments boosting the market growth.

Segment Analysis 

Based on the component type, the Continuous Glucose Monitoring device market is segmented as Sensors, Receivers and Transmitters, Integrated Insulin Pumps and External Monitors. Receivers and transmitters to be the dominating segment in the market, as integral part of any monitoring devices. These transmitters’ works along with the receivers, and with the help of sensors displays results on the screen.

On the basis of age group, the Continuous Glucose Monitoring device market is segmented Below 15, 16 To 40, 41 To 60, Above 60. Similarly, on the basis of end use the CGM market is used hospitals, home care settings, and diagnostics centers. Home care settings are supposed to be the leading segment in the market, and are expected to fuel the demand of CGM devices in the coming years. 

Regional Analysis

North America to hold the largest market share in this industry, owning to the rising prevalence of diabetes within this region. North America’s Continuous Glucose Monitoring market is also driven by the continuous technology development, and increasing key player’s initiatives for new product development, and changing life style of the population.

Global Continuous Glucose Monitoring Device Market Size, Share Analysis By Region 2017

Asia Pacific is supposed to be the fastest growing region, owning to the increasing disposable income the developing countries like China, and Japan, and continuous rising prevalence of various blood glucose related disorders during the forecast period. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Continuous Glucose Monitoring Device Market Study Objective

1. To forecast the market size of continuous glucose monitoring device market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of continuous glucose monitoring device market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of continuous glucose monitoring device market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of continuous glucose monitoring device market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the continuous glucose monitoring device market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of continuous glucose monitoring device market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of continuous glucose monitoring device market commercially.

Key Players Operating

Major players operating in global continuous glucose monitoring device market include Pfizer Inc., Baxter International Inc., Abbott Laboratories, Medtronic, Inc., Animas Corporation, Novo Nordisk, Ypsomed, and GlySens.    

Global Continuous Glucose Monitoring Device Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position. 

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