Newly-released Continuous Glucose Monitoring Device Market industry analysis report by Future Market Insights reveals that global sales of Continuous Glucose Monitoring Device Market in 2022 was held at US$ 4.9 Billion. With a CAGR of 11.9% from 2023 to 2033, the market is projected to reach a US$ 16.8 billion valuation by 2033. The Sensor component is expected to be the highest revenue-generating segment, accounting for a CAGR of nearly 11.6% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Continuous Glucose Monitoring Device Market (2023) | US$ 5.5 Billion |
| Global Continuous Glucose Monitoring Device Market (2033) | US$ 16.8 Billion |
| Global Continuous Glucose Monitoring Device Market CAGR (2023 to 2033) | 11.9% |
| USA Continuous Glucose Monitoring Device Market CAGR (2023 to 2033) | 12.5% |
| Key Companies Profiled |
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As per the Continuous Glucose Monitoring Device Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 11.1% CAGR, wherein, countries such as the USA, UK, China, Japan and South Korea held a significant share in the global market.
The growth of the continuous blood glucose monitoring device market is being fuelled by rising diabetes awareness and the rising prevalence of diabetes among the population. By 2045, the International Diabetes Federation estimates that 700 million individuals worldwide would have diabetes.
Since obesity and the overweight population are the leading causes of diabetes, the worrisome growth in the number of overweight and obese people around the world is predicted to boost demand for continuous glucose monitoring devices.
According to the World Health Organization, over 1.9 billion people worldwide were overweight in 2016, with 650 million adults being obese. The expanding diabetic population is largely due to bad eating habits, a lack of sufficient nutrition, people's busy and demanding schedules, and a lack of physical activity. Furthermore, the growing senior population is a crucial factor driving the continuous glucose monitoring device market forward. High blood glucose levels and diabetes are common in the elderly population.
A spike in the senior population, as well as a high prevalence of diabetes, are likely to drive market expansion. By 2040, the global diabetic population is predicted to reach 642 Million, according to the International Diabetes Federation.
As a result, by 2040, one out of every 10 persons is anticipated to have diabetes, demonstrating the seriousness of the pandemic. As a result, diabetes treatment and management are projected to be a top priority for healthcare administrations and stakeholders around the world.
Increased diabetes cases are predicted to drive market growth and opportunities for continuous glucose monitoring systems, which will attract and compel several market participants to produce innovative products or product line extensions.
Principal Consultant
According to the National Centre for Biotechnology Information, continuous glucose monitoring devices outperform self-monitoring blood glucose (SMBG) devices in clinical investigations including gestational diabetes mellitus. Furthermore, the advent of technologically improved gadgets for the control of diabetes mellitus will boost product acceptance even further.
During the forecast period, Asia Pacific is expected to be the most lucrative market. Asia Pacific has a large population characterized by increased diabetic awareness, increasing awareness of the availability of continuous glucose monitoring devices, and expanding consumer healthcare spending. Moreover, throughout the projection period, increased diagnostic lab penetration in the region is likely to boost demand for continuous glucose monitoring devices.
Due to favorable government policies, countries such as China, India, South Korea, and Indonesia are drawing FDIs in the healthcare sector, which is projected to drive the growth of the continuous glucose monitoring device market in the region.
The market for continuous glucose monitoring devices in Asia Pacific is likely to develop at a significant rate over the forecast period, owing to the rising prevalence of diabetes in the region, which is expected to drive the demand for these devices. Furthermore, the tendency is projected to be aided by expanding economies, rising healthcare expenditures, and the entry of major corporations.
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Due to the rising number of diabetic patients in the region, North America is likely to dominate the global market throughout the forecast period. According to the Centres for Disease Control and Prevention, 34.2 million individuals in the United States, or 10.5% of the population, had diabetes in 2020. Furthermore, over the projection period, poor diet, rising obesity rates, and government measures are projected to have a beneficial impact on these continuous monitoring products.
The market in the United kingdom is expected to reach a valuation of US$ 16.7 Billion by 2033. Growing with a CAGR of 11.9% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of US$ 11.2 Billion.
In Japan, the market is expected to grow at a CAGR of 10.6% from 2023 to 2033, reaching US$ 549 Million by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 351 Million during the forecast period.
Continuous glucose monitoring devices are divided into three groups based on their components: sensors, transmitters, and receivers. In 2020, the sensors sector dominated the market, accounting for nearly 39% of total sales. From 2023 to 2033, the segment is predicted to grow at the fastest rate of 11.6%.
Sensors are the most advanced component of continuous glucose monitoring devices, consisting of a metallic filament that is injected into the fatty layer immediately beneath the skin and is thinner than a needle. The technology utilized in sensors differs slightly from that in transmitters and receivers. Glucose oxidase is used to monitor blood sugar levels in these components.
Due to increased knowledge, convenience, and ease of use, as well as rising disposable income, homecare diagnostics continues to be a market with significant opportunities. Furthermore, due to the risk of virus transmission in hospitals, COVID-19 has spurred demand for these devices in homecare diagnostics. The hospital category is predicted to grow at a high rate throughout the forecast period, owing to increased government investments in improving healthcare facilities in both developing and developed countries.
The surge in demand for Continuous glucose monitoring devices is due in part to companies' fast responses to the Covid-19 outbreak, but also to a greater awareness of the devices. The US Food and Drug Administration (FDA) has given Dexcom and Abbott permission to make their Continuous glucose monitoring devices available for use in hospitals and other healthcare facilities. The Dexcom G6 Continuous glucose monitoring devices have been provisionally approved for extended use in Canadian hospitals, according to Health Canada.
The Continuous Glucose Monitoring Device Market is highly competitive, with a handful of companies holding a significant share. The key players in the market include A. Menarini Diagnostics, Echo Therapeutics, Inc., Abbott Laboratories, Bayer AG, Dexcom, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, GlySens Incorporated, Insulet Corporation, Johnson & Johnson, LifeScan, Medtronic plc, Medtrum Technologies, Inc., Microchip Technology Inc., Micron Technology Inc., Nemaura Medical, Inc., Novo Nordisk, NXP Semiconductors, Qualcomm, Roche Diagnostics, Senseonics Holdings, Inc., STMicroelectronics, and Tandem Diabetes Care.
Some of the recent developments of key players in the Continuous Glucose Monitoring Device Market are as follows:
Similarly, recent developments related to companies offering Continuous Glucose Monitoring Device Market have been tracked by the team at Future Market Insights, which are available in the full report.
The market is valued at US$ 5.5 billion in 2023.
The market growth rate from 2023 to 2033 is expected to be 11.9%.
Abbott Laboratories, Bayer AG, and Dexcom, Inc. are key market players.
Increasing prevalence of diabetes to boost the market prospects.
From 2018 to 2022, the market registered a CAGR of 11.1%.
1. Executive Summary | Continuous Glucose Monitoring Device Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Billion)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background and Foundation Data Points
4.1. Global Market (US$ Billion)
4.2. Market Opportunity Assessment (US$ Billion)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Global Market Growth
4.5.3. Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Market Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033
6.1. Historical Market Analysis, 2018 to 2022
6.2. Current and Future Market Projections, 2023 to 2033
6.3. Y-o-Y Growth Trend Analysis
7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Billion) Analysis, 2018 to 2022
7.2. Current and Future Market Value (US$ Billion) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Billion) Analysis By Component, 2018 to 2022
8.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By Component, 2023 to 2033
8.3.1. Transmitters
8.3.2. Sensors
8.3.3. Recievers
8.4. Market Attractiveness Analysis By Component
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Billion) Analysis By End-use, 2018 to 2022
9.3. Current and Future Market Size (US$ Billion) Analysis and Forecast By End-use, 2023 to 2033
9.3.1. Hospitals
9.3.2. Home care
9.3.3. Other end-uses
9.4. Market Attractiveness Analysis By End-use
10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
10.1. Introduction
10.2. Historical Market Size (US$ Billion) Analysis By Region, 2018 to 2022
10.3. Current Market Size (US$ Billion) & Analysis and Forecast By Region, 2023 to 2033
10.3.1. North America
10.3.2. Latin America
10.3.3. Europe
10.3.4. Asia Pacific
10.3.5. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region
11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
11.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
11.4.1. By Country
11.4.1.1. USA
11.4.1.2. Canada
11.4.1.3. Rest of North America
11.4.2. By Component
11.4.3. By End-use
11.5. Market Attractiveness Analysis
11.5.1. By Country
11.5.2. By Component
11.5.3. By End-use
12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
12.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
12.4.1. By Country
12.4.1.1. Brazil
12.4.1.2. Argentina
12.4.1.3. Rest of Latin America
12.4.2. By Component
12.4.3. By End-use
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Component
12.5.3. By End-use
13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
13.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
13.4.1. By Country
13.4.1.1. Germany
13.4.1.2. France
13.4.1.3. United kingdom
13.4.1.4. Italy
13.4.1.5. Spain
13.4.1.6. Netherlands
13.4.1.7. Rest of Europe
13.4.2. By Component
13.4.3. By End-use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Component
13.5.3. By End-use
14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
14.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
14.4.1. By Country
14.4.1.1. China
14.4.1.2. Japan
14.4.1.3. South Korea
14.4.1.4. Rest of Asia Pacific
14.4.2. By Component
14.4.3. By End-use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Component
14.5.3. By End-use
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Billion) Trend Analysis By Market Taxonomy, 2018 to 2022
15.4. Market Value (US$ Billion) & Forecast By Market Taxonomy, 2023 to 2033
15.4.1. By Country
15.4.1.1. Saudi Arabia
15.4.1.2. South Africa
15.4.1.3. UAE
15.4.1.4. Rest of Middle East and Africa
15.4.2. By Component
15.4.3. By End-use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Component
15.5.3. By End-use
16. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
16.1. Introduction
16.1.1. Market Value Proportion Analysis, By Key Countries
16.1.2. Global Vs. Country Growth Comparison
16.2. US Market Analysis
16.2.1. Value Proportion Analysis by Market Taxonomy
16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.2.2.1. By Component
16.2.2.2. By End-use
16.3. Canada Market Analysis
16.3.1. Value Proportion Analysis by Market Taxonomy
16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.3.2.1. By Component
16.3.2.2. By End-use
16.4. Argentina Market Analysis
16.4.1. Value Proportion Analysis by Market Taxonomy
16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.4.2.1. By Component
16.4.2.2. By End-use
16.5. Brazil Market Analysis
16.5.1. Value Proportion Analysis by Market Taxonomy
16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.5.2.1. By Component
16.5.2.2. By End-use
16.6. Germany Market Analysis
16.6.1. Value Proportion Analysis by Market Taxonomy
16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.6.2.1. By Component
16.6.2.2. By End-use
16.7. France Market Analysis
16.7.1. Value Proportion Analysis by Market Taxonomy
16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.7.2.1. By Component
16.7.2.2. By End-use
16.8. Italy Market Analysis
16.8.1. Value Proportion Analysis by Market Taxonomy
16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.8.2.1. By Component
16.8.2.2. By End-use
16.9. Spain Market Analysis
16.9.1. Value Proportion Analysis by Market Taxonomy
16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.9.2.1. By Component
16.9.2.2. By End-use
16.10. UK Market Analysis
16.10.1. Value Proportion Analysis by Market Taxonomy
16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.10.2.1. By Component
16.10.2.2. By End-use
16.11. Netherlands Market Analysis
16.11.1. Value Proportion Analysis by Market Taxonomy
16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.11.2.1. By Component
16.11.2.2. By End-use
16.12. China Market Analysis
16.12.1. Value Proportion Analysis by Market Taxonomy
16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.12.2.1. By Component
16.12.2.2. By End-use
16.13. Japan Market Analysis
16.13.1. Value Proportion Analysis by Market Taxonomy
16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.13.2.1. By Component
16.13.2.2. By End-use
16.14. South Korea Market Analysis
16.14.1. Value Proportion Analysis by Market Taxonomy
16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.14.2.1. By Component
16.14.2.2. By End-use
16.15. Saudi Arabia Market Analysis
16.15.1. Value Proportion Analysis by Market Taxonomy
16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.15.2.1. By Component
16.15.2.2. By End-use
16.16. South Africa Market Analysis
16.16.1. Value Proportion Analysis by Market Taxonomy
16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.16.2.1. By Component
16.16.2.2. By End-use
16.17. UAE Market Analysis
16.17.1. Value Proportion Analysis by Market Taxonomy
16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2018-2033
16.17.2.1. By Component
16.17.2.2. By End-use
16.17.3. Competition Landscape and Player Concentration in the Country
17. Market Structure Analysis
17.1. Market Analysis by Tier of Companies
17.2. Market Concentration
17.3. Market Share Analysis of Top Players
17.4. Market Presence Analysis
17.4.1. By Regional footprint of Players
17.4.2. Product footprint by Players
18. Competition Analysis
18.1. Competition Dashboard
18.2. Competition Benchmarking
18.3. Competition Deep Dive
18.3.1. A. Menarini Diagnostics
18.3.1.1. Overview
18.3.1.2. Product Portfolio
18.3.1.3. Sales Footprint
18.3.1.4. Strategy Overview
18.3.2. Echo Therapeutics, Inc.
18.3.2.1. Overview
18.3.2.2. Product Portfolio
18.3.2.3. Sales Footprint
18.3.2.4. Strategy Overview
18.3.3. Abbott Laboratories
18.3.3.1. Overview
18.3.3.2. Product Portfolio
18.3.3.3. Sales Footprint
18.3.3.4. Strategy Overview
18.3.4. Bayer AG
18.3.4.1. Overview
18.3.4.2. Product Portfolio
18.3.4.3. Sales Footprint
18.3.4.4. Strategy Overview
18.3.5. Dexcom, Inc.
18.3.5.1. Overview
18.3.5.2. Product Portfolio
18.3.5.3. Sales Footprint
18.3.5.4. Strategy Overview
18.3.6. F. Hoffmann-La Roche Ltd.
18.3.6.1. Overview
18.3.6.2. Product Portfolio
18.3.6.3. Sales Footprint
18.3.6.4. Strategy Overview
18.3.7. GE Healthcare
18.3.7.1. Overview
18.3.7.2. Product Portfolio
18.3.7.3. Sales Footprint
18.3.7.4. Strategy Overview
18.3.8. Glycens
18.3.8.1. Overview
18.3.8.2. Product Portfolio
18.3.8.3. Sales Footprint
18.3.8.4. Strategy Overview
18.3.9. Insulet Corporation
18.3.9.1. Overview
18.3.9.2. Product Portfolio
18.3.9.3. Sales Footprint
18.3.9.4. Strategy Overview
18.3.10. Johnson & Johnson
18.3.10.1. Overview
18.3.10.2. Product Portfolio
18.3.10.3. Sales Footprint
18.3.10.4. Strategy Overview
18.3.11. LifeScan
18.3.11.1. Overview
18.3.11.2. Product Portfolio
18.3.11.3. Sales Footprint
18.3.11.4. Strategy Overview
18.3.12. Medtronic plc
18.3.12.1. Overview
18.3.12.2. Product Portfolio
18.3.12.3. Sales Footprint
18.3.12.4. Strategy Overview
18.3.13. Medtrum Technologies, Inc.
18.3.13.1. Overview
18.3.13.2. Product Portfolio
18.3.13.3. Sales Footprint
18.3.13.4. Strategy Overview
18.3.14. Microchip Technology Inc.
18.3.14.1. Overview
18.3.14.2. Product Portfolio
18.3.14.3. Sales Footprint
18.3.14.4. Strategy Overview
18.3.15. Micron Technology Inc.
18.3.15.1. Overview
18.3.15.2. Product Portfolio
18.3.15.3. Sales Footprint
18.3.15.4. Strategy Overview
18.3.16. Nemaura Medical, Inc.
18.3.16.1. Overview
18.3.16.2. Product Portfolio
18.3.16.3. Sales Footprint
18.3.16.4. Strategy Overview
18.3.17. Novo Nordisk
18.3.17.1. Overview
18.3.17.2. Product Portfolio
18.3.17.3. Sales Footprint
18.3.17.4. Strategy Overview
18.3.18. NXP Semiconductors
18.3.18.1. Overview
18.3.18.2. Product Portfolio
18.3.18.3. Sales Footprint
18.3.18.4. Strategy Overview
18.3.19. Qualcomm
18.3.19.1. Overview
18.3.19.2. Product Portfolio
18.3.19.3. Sales Footprint
18.3.19.4. Strategy Overview
18.3.20. Roche Diagnostics
18.3.20.1. Overview
18.3.20.2. Product Portfolio
18.3.20.3. Sales Footprint
18.3.20.4. Strategy Overview
18.3.21. Senseonics Holdings, Inc.
18.3.21.1. Overview
18.3.21.2. Product Portfolio
18.3.21.3. Sales Footprint
18.3.21.4. Strategy Overview
18.3.22. STMicroelectronics
18.3.22.1. Overview
18.3.22.2. Product Portfolio
18.3.22.3. Sales Footprint
18.3.22.4. Strategy Overview
18.3.23. Tandem Diabetes Care
18.3.23.1. Overview
18.3.23.2. Product Portfolio
18.3.23.3. Sales Footprint
18.3.23.4. Strategy Overview
19. Assumptions and Acronyms Used
20. Research Methodology
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Continuous Glucose Monitoring Device Market
