The Continuous Glucose Monitoring Devices Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Component (Transmitters, Sensor, Receivers), By Connectivity (Bluetooth, 4G), By End User (Hospitals, Homecare Settings, Others).
The Continuous Glucose Monitoring (CGM) Devices Market is poised for substantial growth in 2024, driven by the rising prevalence of diabetes worldwide, increasing awareness about the benefits of continuous glucose monitoring in diabetes management, and technological advancements in CGM systems. CGM devices provide real-time monitoring of glucose levels, enabling individuals with diabetes to track their blood sugar levels continuously throughout the day and night, thereby facilitating better glycemic control, reducing the risk of hypoglycemia and hyperglycemia, and improving overall health outcomes.
Key factors fueling the CGM devices market include the growing adoption of CGM systems by healthcare professionals and patients, the shift towards personalized diabetes management strategies, and the integration of CGM devices with insulin pumps and smartphone applications for data analysis, trend identification, and remote monitoring. Moreover, regulatory approvals for novel CGM technologies, expansion of reimbursement coverage, and increasing investments in research and development further drive market growth and innovation in CGM solutions.
In addition, strategic collaborations, partnerships, and acquisitions among CGM device manufacturers, technology companies, and healthcare organizations aim to enhance product offerings, expand market presence, and address unmet needs in diabetes care. In addition, advancements in sensor technology, miniaturization, wireless connectivity, and artificial intelligence contribute to the development of next-generation CGM devices with improved accuracy, reliability, user-friendliness, and patient satisfaction, driving market penetration and adoption across diverse patient populations.
A prominent trend in the continuous glucose monitoring (CGM) devices market is the rapid technological advancements in CGM technology. CGM devices are continuously evolving to offer improved accuracy, reliability, and convenience for diabetes management. Innovations such as sensor miniaturization, enhanced algorithms for glucose monitoring, integration with insulin pumps and smartphone applications, and the development of implantable and disposable CGM systems are driving the adoption of CGM devices among diabetes patients. As technology continues to advance, CGM devices are becoming more user-friendly, offering real-time glucose monitoring and actionable insights to help patients better manage their blood glucose levels, leading to improved diabetes outcomes.
A significant driver in the continuous glucose monitoring devices market is the increasing prevalence of diabetes and the growing demand for continuous glucose monitoring solutions. With the global diabetes epidemic on the rise, there is a growing need for effective tools to monitor and manage blood glucose levels, especially among individuals with type 1 and type 2 diabetes. Continuous glucose monitoring devices offer several advantages over traditional fingerstick glucose monitoring, including real-time glucose monitoring, trend analysis, and the ability to detect hypoglycemic and hyperglycemic events promptly. As healthcare providers and patients recognize the benefits of continuous glucose monitoring in improving glycemic control and reducing the risk of diabetes-related complications, the demand for CGM devices is expected to continue growing.
An exciting potential opportunity in the continuous glucose monitoring devices market lies in the expansion into emerging markets and the pediatric population. Emerging markets, particularly in Asia-Pacific and Latin America, offer significant growth opportunities due to the increasing prevalence of diabetes, improving healthcare infrastructure, and rising awareness of diabetes management. Moreover, there is growing recognition of the benefits of continuous glucose monitoring in pediatric diabetes management, where tight glycemic control is essential to prevent long-term complications. By developing CGM devices specifically designed for pediatric use and expanding their presence in emerging markets, CGM device manufacturers can address unmet needs, reach new patient populations, and drive growth in the market.
By Component
By Connectivity
By End User
Geographical Analysis
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"TABLE OF CONTENTS
1 Introduction to 2024 Continuous Glucose Monitoring Devices Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Continuous Glucose Monitoring Devices Market Size Outlook, $ Million, 2021 to 2030
3.2 Continuous Glucose Monitoring Devices Market Outlook by Type, $ Million, 2021 to 2030
3.3 Continuous Glucose Monitoring Devices Market Outlook by Product, $ Million, 2021 to 2030
3.4 Continuous Glucose Monitoring Devices Market Outlook by Application, $ Million, 2021 to 2030
3.5 Continuous Glucose Monitoring Devices Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Continuous Glucose Monitoring Devices Market Industry
4.2 Key Market Trends in Continuous Glucose Monitoring Devices Market Industry
4.3 Potential Opportunities in Continuous Glucose Monitoring Devices Market Industry
4.4 Key Challenges in Continuous Glucose Monitoring Devices Market Industry
5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Continuous Glucose Monitoring Devices Market Share by Company
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Continuous Glucose Monitoring Devices Market Outlook By Segments
7.1 Continuous Glucose Monitoring Devices Market Outlook by Segments
By Component
Transmitters
Sensors
Receivers
By Connectivity
Bluetooth
4G
By End User
Hospitals
Homecare Settings
Others
8 North America Continuous Glucose Monitoring Devices Market Analysis And Outlook To 2030
8.1 Introduction to North America Continuous Glucose Monitoring Devices Markets in 2024
8.2 North America Continuous Glucose Monitoring Devices Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Continuous Glucose Monitoring Devices Market size Outlook by Segments, 2021-2030
By Component
Transmitters
Sensors
Receivers
By Connectivity
Bluetooth
4G
By End User
Hospitals
Homecare Settings
Others
9 Europe Continuous Glucose Monitoring Devices Market Analysis And Outlook To 2030
9.1 Introduction to Europe Continuous Glucose Monitoring Devices Markets in 2024
9.2 Europe Continuous Glucose Monitoring Devices Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Continuous Glucose Monitoring Devices Market Size Outlook By Segments, 2021-2030
By Component
Transmitters
Sensors
Receivers
By Connectivity
Bluetooth
4G
By End User
Hospitals
Homecare Settings
Others
10 Asia Pacific Continuous Glucose Monitoring Devices Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Continuous Glucose Monitoring Devices Markets in 2024
10.2 Asia Pacific Continuous Glucose Monitoring Devices Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Continuous Glucose Monitoring Devices Market size Outlook by Segments, 2021-2030
By Component
Transmitters
Sensors
Receivers
By Connectivity
Bluetooth
4G
By End User
Hospitals
Homecare Settings
Others
11 South America Continuous Glucose Monitoring Devices Market Analysis And Outlook To 2030
11.1 Introduction to South America Continuous Glucose Monitoring Devices Markets in 2024
11.2 South America Continuous Glucose Monitoring Devices Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Continuous Glucose Monitoring Devices Market size Outlook by Segments, 2021-2030
By Component
Transmitters
Sensors
Receivers
By Connectivity
Bluetooth
4G
By End User
Hospitals
Homecare Settings
Others
12 Middle East And Africa Continuous Glucose Monitoring Devices Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Continuous Glucose Monitoring Devices Markets in 2024
12.2 Middle East and Africa Continuous Glucose Monitoring Devices Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Continuous Glucose Monitoring Devices Market size Outlook by Segments, 2021-2030
By Component
Transmitters
Sensors
Receivers
By Connectivity
Bluetooth
4G
By End User
Hospitals
Homecare Settings
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
A. Menarini Diagnostics S.r.l.
Abbott
Dexcom, Inc.
Medtronic
Senseonics Holdings, Inc.
Signos, Inc.
Ypsomed AG
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise"
By Component
By Connectivity
By End User
Geographical Analysis