Continuous Glucose Monitoring (CGM) Systems/Devices Market Size Projected to Garner USD 12.9 Billion by 2030 growing at 10.6% CAGR - Exclusive Report by Acumen Research and Consulting
According to Acumen Research & Consulting, the global Continuous Glucose Monitoring (CGM) Systems/Devices Market size was worth USD 5.2 Billion in 2021 and is projected to be worth around USD 12.9 Billion by 2030, growing at a CAGR of 10.6% in the coming years
Continuous Glucose Monitoring (CGM) Systems/Devices Market Overview
Developing instances of diabetes, combined with expanding adoption of continuous glucose monitoring (CGM) gadgets, has been driving the market. CGM frameworks are insignificantly obtrusive and offer a simple and compelling approach to managing diabetes. They can likewise recognize radical changes in blood glucose levels, in this way avoiding hypoglycaemic conditions.
These gadgets encourage examination of blood glucose levels at various times interims with the assistance of a sensor. Individual readings nourished into diabetes the board programming through a remote system enables patients to comprehend the disease better, subsequently helping them to oversee it in a progressively powerful manner.
-Systems-Devices-Market.jpg "Continuous Glucose Monitoring Systems/Devices Market Value")
Continuous Glucose Monitoring (CGM) Systems/Devices Market Statistics
- Global continuous glucose monitoring (CGM) systems/devices market value collected USD 5.2 Billion in 2021, with a 10.6% CAGR between 2022 and 2030
- The North American continuous glucose monitoring (CGM) systems/devices market occupied over 36% share in 2021
- Asia-Pacific continuous glucose monitoring (CGM) systems/devices market growth is projected to record above 11% CAGR from 2022 to 2030
- Based on components, the sensor sub-segment gathered over US$ 2.1 billion in 2021
- Among end-use, the homecare settings sub-segment covered over 44% in 2021
- The advancements such as real-time glucose monitoring is a key trend in the continuous glucose monitoring (CGM) systems/devices market that fuels the industry demand
Request for a sample of this premium research report@ https://www.acumenresearchandconsulting.com/request-sample/1160
Continuous Glucose Monitoring Systems/Devices Market Dynamics
Smoking, weight, physical inertia, hypertension, and elevated cholesterol are the basic hazard factors related to diabetes intricacies. The information distributed in National Diabetes Statistics Report 2017 by the Centers for Disease Control and Prevention (CDC) shows diabetes is the seventh driving reason for death in the U.S.
It additionally furnishes patients with bits of knowledge about food consumption, medicine, physical activities exercises, and sicknesses. The coming of computerized therapeutics has additionally supported CGM gadget producers to contact diabetic patients. Different applications are accessible in the market that coordinate information gathered from CGM gadgets for future pattern investigation and resulting changes to be made in the patient's way of life. Every one of these components is relied upon to positively affect market development.
Continuous Glucose Monitoring (CGM) Systems/Devices Market Segmentation
The global continuous glucose monitoring (CGM) systems/devices market is segmented into component, end-user, and region. On the basis of component, the global continuous glucose monitoring (CGM) systems/devices market is segmented into transmitters & receivers, sensors, and insulin pumps. On the basis of end-user, the global continuous glucose monitoring (CGM) systems/devices market is segmented into hospitals, home care settings, and others. On the basis of region the global continuous glucose monitoring (CGM) systems/devices market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and Asia Pacific.
Continuous Glucose Monitoring CGM Systems/Devices Market Regional Outlook
The North American district is relied upon to lead the worldwide market. Expanding instances of diabetes and endeavours taken by the national government to deal with the disease at a bigger dimension are required to drive the area's development. Rising adoption of exchange and novel gadgets have been seen in the area, accelerating market development.
Preventive measures taken by the government to enable diabetic people to comprehend and deal with the illness before genuine results happen are the key driver for the regional market. The locale is relied upon to prosper attributable to technological advancements and considerable research and development in diabetes care.
Asia-Pacific locale is foreseen to witness the most noteworthy CAGR during the forthcoming years. As per the Asian Diabetes Prevention Initiative, practically 60% of the world's diabetic populace resides in the Asia-Pacific region. The high commonness of the infection in emerging nations, for example, India and China have been pushing market development in the region. Additionally, rising healthcare expenditure, expanding investment and venture by organizations, and good regulatory approaches are likewise emphatically influencing the market development in this region.
Continuous Glucose Monitoring (CGM) Systems/Devices Market Players
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. And also, growing R&D investments paired with technical advancements to commercialize highly efficient products are expected to offer huge growth opportunities for industry participants. Some of the main businesses present in the Continuous Glucose Monitoring (CGM) Systems/Devices market are GlySens, Pfizer Inc., Ypsomed, Baxter International Inc., Novo Nordisk,
Abbott Laboratories, Animas Corporation, and Medtronic, Inc. Significant strategic initiatives undertaken by global businesses include partnerships, new product launches, and acquisitions.
Organizations are additionally progressively growing new products, which has additionally supported the development of their current portfolio with progressive technologies. For example, in February 2016 Animas Corporation declared the dispatch of Animas Academy in Ireland and the U.K., which is an instructive program for people managing diabetes with an insulin pump and strengthening innovation related to it.
Click here to buy the Premium Market Research report https://www.acumenresearchandconsulting.com/buy-now/0/1160
Receive our personalized services and customization by clicking here https://www.acumenresearchandconsulting.com/request-customization/1160
Mr. Frank Wilson
Acumen Research and Consulting
USA: +13474743864
India: +918983225533