Press release
Global Continuous Glucose Monitoring (CGM) Market Set for Rapid Growth and Trend, by 2026
Continuous Glucose Monitoring (CGM)
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Market Dynamics demand for point-of-care (POC) diagnostic devices, and growing self-monitoring trends across the globe. According to the International Diabetes Federation (IDF), the global diabetic population in 2015 was 415 million and is expected to reach 642 million by 2040. Increasing awareness about CGM devices among the diabetic population is projected to be a major factor driving demand for the device in the near future. Moreover, patients are increasingly inclined towards real-time health monitoring, which is possible through CGM systems. Conversely, high prices of devices and calibration issues are key challenges that can inhibit market growth. Companies therefore, need to improve upon the accuracy of the device, which in turn would encourage healthcare practitioners to recommend the use of CGM devices among diabetic patients.
Market Taxonomy
This report segments the CGM market on the basis of application, and end user. On the basis of application, the market is segmented into monitoring glucose for diabetes patients and critical care patients. In terms of end user, the global continuous glucose monitoring market is analyzed for hospitals, home and ambulatory health centers.
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Key features of the study:
This report provides in-depth analysis of the continuous glucose monitoring devices market and provides market size (US$ Million), market volume (Thousand Units), Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2016 – 2024), considering 2015 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
The report takes into account critical limiting factors such as accuracy issues and need for calibrating the device several times a day while analyzing the market value, volume and growth (%) during the forecast period.
It includes insights on high prevalence of diabetes, increasing demand for point-of-care diagnostic devices, and increasing self-monitoring trends across the globe
It profiles leading players in the global continuous glucose monitoring market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
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Key companies covered as a part of this study include Abbott Laboratories, Roche Diagnostics, Dexcom Inc., Bayer AG, Medtronic, Inc., Animas Corporation, Nova Biomedical Corporation, Ypsomed AG, GlySens Incorporated, Insulet Corporation, and Sensionics Incorporated
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
The global continuous glucose monitoring market report caters to various stakeholders in this industry, including investors, raw material manufacturer, contract manufacturer, device manufacturers, distributors, new entrants, and financial analysts
Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the CGM market
Detailed Segmentation:
Global Continuous Glucose Monitoring Market, By Product Type:
Transmitters and Receivers
Insulin Pumps
Sensors
Global Continuous Glucose Monitoring Market, By Application:
Diabetic Patients
Type 1 Diabetes
Type 2 Diabetes
Critical Care Patients
Global Continuous Glucose Monitoring Market, By Geography:
North America
U.S.
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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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