The global continuous glucose monitoring systems market valuation is USD 11.1 billion in 2023 and it is expected to reach up to USD 103.5 billion by 2033. The global market is estimated to register a CAGR of 25.1% during the forecast period.
The increasing incidence of diabetes and the detection of patient's blood glucose levels are raising the demand for continuous global monitoring systems. These systems are monitored 24/7 in real-time processes with accurate details as compared to ancient fingerstick blood glucose monitoring.
Patients and healthcare experts are adopting continuous glucose monitoring systems due to their quick response to advanced sensors. The growing technological advancement to develop reliable, accurate, and user-friendly continuous glucose monitoring systems is attracting patients' requirements.
Continuous glucose monitoring systems are improving patient outcomes by reducing the risk of complications and providing better diabetes management. These systems are more convenient and comfortable to manage diabetes integrated with insulin delivery systems. Continuous glucose monitoring systems are adjusted automatically with their seamless control of blood sugar levels.
The growing reimbursement policies to develop high-quality and advanced technologies and continuous glucose monitoring systems are advancing the global market size. Increasing patient awareness and an aging population are surging the demand for CGM systems for better outcomes. The adoption of telemedicine solutions and the integration of artificial intelligence in these systems are flourishing in the global market.
Key Highlights
| Attributes | Details |
|---|---|
| Continuous Glucose Monitoring Systems Market Size, 2023 | USD 11.1 billion |
| Continuous Glucose Monitoring Systems Market Size, 2033 | USD 103.5 billion |
| Value-based CAGR from 2023 to 2033 | 25.1% |
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The global continuous glucose monitoring systems market grew at a significant rate between 2018 and 2022. The global market secured a valuation of USD 8.8 billion in 2022. The adoption of NGM techniques in continuous glucose monitoring systems is detecting Type 1 diabetes among adults. These non-invasive glucose monitoring devices are improving diabetes conditions to satisfy patients' needs.
| Historical Market Valuation, 2022 | USD 8.8 billion |
|---|
According to the WHO, diabetes patients increased by around 650 million in the globe in 2016. Manufacturers are collaborating and adopting strategic acquisitions to drive the global market upward. Mortality rate by age increased by 3% from 2000 to 2019. The rising advancement in continuous glucose monitoring devices by essential manufacturers is fueling the global market.
| Countries | Market Share (2023) |
|---|---|
| United States | 31.5% |
| Japan | 5.7% |
| Germany | 8.2% |
| Countries | CAGR (2023 to 2033) |
|---|---|
| Australia | 18.9% |
| China | 21.0% |
| India | 23.0% |
| United Kingdom | 25.6% |
The United States is estimated to dominate the global market by capturing a share of 31.5% in 2023. The rising pharmaceuticals and advanced healthcare facilities are increasing the adoption of continuous glucose monitoring systems. The increasing incidence of chronic diseases such as diabetes is stimulating the demand for advanced healthcare devices.
In 2021, a high number of people in the United States had diabetes. Rising effective regulatory policies, advanced infrastructure, and increasing obesity are improving patient outcomes in the country. Several advocacy organizations are supporting patients by growing awareness of advanced healthcare devices flourishing in the United States' continuous glucose monitoring systems market.
Germany holds a share of 8.2% of the global market in 2023. The growing research and development activities are upsurging advanced medical technologies and healthcare services in the country. German healthcare manufacturers are adopting cutting-edge technologies to manage diabetes patients.
The growing patient population is increasing the adoption of CGM systems with digital health solutions, expanding Germany's continuous glucose monitoring systems market. Initiatives of diabetes education programs to enhance patients' knowledge significantly boost the demand for CGM systems.
Key players are expanding the German market through stringent data privacy and security in CGM systems. The rising approach to managing diabetes patients is increasing the adoption of patient-centered care in Germany.
The market in is expected to grow at a CAGR of 21% in China over the forecast period. The increasing number of patients, adoption of novel products, and patients' preferences are increasing the demand for continuous glucose monitoring systems.
Key players are introducing new glucose monitoring systems by investing in research activities to fuel China's continuous glucose monitoring systems market. The growing economies, urbanization, and changing lifestyles are increasing the adoption of CGM systems in China.
Chinese key companies are focused on patients' health and are developing healthcare devices with cutting-edge technologies. These factors are estimated to drive the Chinese market during the forecast period.
India is anticipated to capture a CAGR of 23% in the global market by 2033. The growing number of advanced healthcare settings is increasing the adoption of continuous glucose monitoring systems. The rising concerns toward diabetes population, obesity and an aging population are expanding India's steady glucose monitoring systems market.
In 2022, BlueSemi announced its newly launched product EVYA. It is a non-invasive glucometer widely used for diabetes patients to provide accurate data. The rising health literacy in the country is increasing the demand for health monitoring devices. The growing number of healthcare institutions, clinical research, and healthcare organizations are driving India's continuous glucose monitoring systems market.
The adoption of continuous glucose monitoring devices in the UK has been growing in both the type 1 and type 2 diabetes populations. The United Kingdom market is expected to grow at a CAGR of 25.6% through 2033.
Healthcare providers are increasingly recognizing the value of continuous glucose monitoring systems in helping patients manage their glucose levels effectively. There has been a concerted effort to raise awareness among diabetes patients about the benefits of continuous glucose monitoring systems.
Principal Consultant
| Top Component | Sensor |
|---|---|
| Market Share (2023) | 76.7% |
Based on the component, the sensor sub-segment dominates the global market by capturing a share of 76.7% in 2023. The increasing integration of sensors in healthcare devices to enhance patients' experiences with alert alarms is driving the global market. Sensors offering real-time data with reliable and accurate information are surging the demand among healthcare settings.
Rising wearable technology devices are increasing the adoption of sensors to measure glucose levels. Healthcare providers are enhancing patients' experiences with comfort and accurate sensor detection. Sensors are integrated with transmitters to display information easily.
CGM systems are improving data accessibility with the adoption of sensor technology. To detect and identify patterns regarding diabetes are adopting sensor technologies. Sensors can adjust automatic insulin doses and collect historical data.
| Top Indication | Type 2 Diabetes |
|---|---|
| Market Share (2023) | 89.7% |
Based on indication, continuous glucose monitoring devices are widely used for type 2 diabetes capturing a share of 89.7% in 2023. The rising prevalence of Type 2 diabetes is affecting millions of people each year. The pharmaceutical sector is managing type 2 diabetes with medication such as insulin formulations and oral drugs.
The rising number of medical devices, blood glucose meters, and insulin pumps is increasing the demand for diabetes Type 2 management. It helps to monitor patients' blood sugar levels. Healthcare providers are offering a wide range of diabetes type 2 management for regular check-ups and educating patients.
The adoption of digital health solutions and mobile applications is promoting better healthcare services and encouraging physical activities. Academic institutions and pharmaceutical companies are focusing on developing new treatments for type 2 diabetes.
| Top End-use Sector | Hospitals |
|---|---|
| Market Share (2023) | 47.6% |
Based on the end-use sector, hospitals lead the global market by registering a share of 47.6% in 2023. Hospitals have a variety of devices such as surgical devices, imaging equipment, and patient monitoring devices. Healthcare providers examine patients to treat their conditions with their expertise in hospitals.
Pharmaceuticals offer a wide range of medications to treat patients' chronic conditions, including cancer and diabetes. Hospitals offer inpatient and outpatient care with medical consumables. Hospitals provide an abundance of healthcare services, such as laboratory services, emergency care, and specialized treatments.
Hospitals maintain patient care with advanced technology devices such as CGM systems to ensure safety. The adoption of information technology to manage patient data seamlessly is advancing the global market size. Hospitals manage the supply chain of product technologies are deliver high-quality patient care products.
The present key players fragment the global market. These players are making their efforts to offer high-quality healthcare devices to relief patients. They are investing huge amounts in research and development activities to develop innovative products to satisfy patients' requirements. Key players are contributing their role in upsurging the global market to another height.
These players are adopting marketing strategies such as mergers, agreements, acquisitions, and partnerships to collect huge revenue in the market. Healthcare manufacturers are focused on sustainability to reduce environmental impacts. These players are likely to lift the global market upward through their innovations and product launches in the coming years.
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Recent Developments in the Continuous Glucose Monitoring Systems Market
The continuous glucose monitoring systems market valuation is USD 103.5 billion in 2023.
The United States is the biggest market for continuous glucose monitoring systems.
The continuous glucose monitoring systems market is likely to capture a CAGR of 25.1% through 2033.
The growing focus on sustainable and eco-friendly medical devices.
Abbott, Country Life LLC, and AdvoCare are the key players in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Components 5.1. Transmitters and Monitors 5.2. Sensors 5.3. Insulin Pump 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Users 6.1. Home Care Diagnostics 6.2. Hospitals 6.3. ICU/Critical Care 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Herbalife Nutrition 17.2. GNC Holdings 17.3. NOW Health 17.4. Nutramax Laboratories 17.5. Nature's Bounty 17.6. Banyan Botanicals 17.7. Source Naturals 17.8. Nutramarks Inc 17.9. Nature's Way Products 17.10. Abbott 17.11. Natural Immunogenics 17.12. Solaray Inc. 17.13. Sambucol USA 17.14. Quantum Health, Inc. 17.15. Vitabiotics Ltd. 17.16. Rainbow Light 17.17. AdvoCare 17.18. Pure Encapsulations, LLC. 17.19. Country Life, LLC 17.20. Natural Health Concept 18. Assumptions & Acronyms Used 19. Research Methodology
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Continuous Glucose Monitoring Systems Market
