San Francisco, 25 September 2018 , The global continuousglucose monitoring (CGM) devices market size is expected to reach USD 1.01 billion by 2024,
according to a new report by Grand View Research, Inc. The market is estimated
to register a CAGR of 13.7% over the forecast period. Growing cases of diabetes
and introduction of novel and advanced diabetes care devices are the major
factors driving the market growth. Continuous glucose monitoring devices
provide an efficient method to measure body glucose levels in real time. Data
recorded by these devices is transmitted through a wireless network to
receivers; this helps keep a track of glucose levels over a designated period.
These devices also help manage
diabetes while reducing individual insulin dosages. Integrated software within
these devices provides users with insights about food consumption, medication,
physical activity, and illnesses. Thus, an increasing number of diabetic
patients are using these devices to manage and treat diabetes, which, in turn,
is accelerating market growth. With the advent of digital therapeutics, a
rising number of CGM devices are being incorporated with apps and software to
help patients with diabetes mellitus. Rise in the number of diabetes mellitus
has been contributing toward market growth.
Full Research Report On continuous glucose monitoring (CGM) devices market
Analysis:
www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market
www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market
Further key findings from the study suggest:
·
Growing cases of diabetes is
anticipated to propel market growth, with increasing number of patients opting
for simplified CGM devices
·
CGM devices provide analysis of
blood glucose levels from the tissue fluid at regular intervals of time, which
is also driving their demand
·
Transmitters and receivers was
the largest component type segment and is anticipated to maintain its dominance
owing to their integral nature in these devices
·
Insulin pumps are anticipated
to witness the highest CAGR during the forecast period due to their ability to
maintain optimal blood glucose levels
·
Asia Pacific is the leading
regional market, with Japan, China, and India on the forefront
·
North America led the global
market in the past owing to wide usage of CGM devices as a result of higher
number of target patients in the region
·
The European region followed
the North American closely in terms of market revenue due to rise in the
adoption of these devices in key countries such as U.K., Germany, France,
Italy, and Spain
·
Some of the key companies
present in the market are Pfizer Inc.; Baxter International, Inc.; Abbott
Laboratories; Medtronic PLC; Animas Corporation; and Novo Nordisk A/S.
Browse More Reports Of This
Category By Grand View Research At: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the
global continuous glucose monitoring (CGM) devices market on the basis of
component, end use, and region:
Continuous Glucose Monitoring
Devices Component Outlook (Revenue, USD Million, 2013 - 2024)
·
Transmitters & Receivers
·
Sensors
·
Insulin Pumps
Continuous Glucose Monitoring
Devices End-use Outlook (Revenue, USD Million, 2013 - 2024)
·
Hospitals
·
Homecare Settings
·
Others
Continuous Glucose Monitoring
Devices Regional Outlook (Revenue, USD Million, 2013 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
o
Saudi Arabia
Access Full
Press Release of this Report:
www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market
www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
