Continuous Glucose Monitoring (CGM) Devices Market estimated to be valued at US$ 820.1 million in 2017 and will going to hit Industry with CAGR of 13.3% by 2023

Optima Insights bring out a New Market Research Report on –“Continuous Glucose Monitoring (CGM) Devices Market 2018 Analysis By Key Players – Medtronic, Dexcom, Inc., Abbott Laboratories, Senseonics

Description:-
This report focuses on the Continuous Glucose Monitoring (CGM) Devices status, future forecast, growth opportunity, key market and key players.

U.S. Continuous Glucose Monitoring (CGM) Devices Market Outlook Report to 2023.

According to Optima Insights, the U.S. continuous glucose monitoring (CGM) devices market is estimated to be valued at US$ 820.1 million in 2017 and is anticipated to exhibit a CAGR of 13.3% over the forecast period (2019 – 2023).

Key Trends and Analysis of the U.S. Continuous Glucose Monitoring (CGM) Devices Market:

Increasing pipeline products and favorable reimbursement policies by Center for Medicare & Medicaid Services (CMS) to strengthen the U.S. Continuous Glucose Monitoring Devices market, over the forecast period. For instance, companies such as Biorasis, Inc, Nemaura Medical, Sano Intelligence Inc., Verily Lifesciences, etc are a few of the emerging companies which are projected to flourish the U.S. Continuous Glucose Monitoring market, in a short span on 1 to 2 years. Additionally, there are players with promising disruptive technology in Continuous Glucose Monitoring to outstand the current CGM devices in the market.

Moreover, The U.S. diabetes population is one of the major factors leading to the growth on U.S. Continuous Glucose Monitoring Systems. For instance, according to the Centers for Disease Control and Prevention (CDC) & National Diabetes Statistics Reports, 2017, in 2015, diabetes was the seventh leading cause of death in the U.S. which was based on 79,535 death certificates in which diabetes was denoted as the underlying cause of death

According to Center for Disease Control and Prevention (CDC), 2015, 30.3 Mn Americans, 9.4% of the U.S. population have diabetes. The other 84.1 Mn have prediabetes, a condition that if not treated often leads to type 2 diabetes within five years.

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Key Market Takeaways:

• The U.S. continuous glucose monitoring (CGM) devices market is estimated to exhibit a CAGR of 13.3% during the forecast period (2019 – 2023), attributed to the integration of CGM data with insulin pump systems is now allowing some early forays into the automation of basal insulin infusion rates to reduce the risk of hypoglycemia. The recent is FDA authorized CGM product is Dexcom’s G6
• Market growth has been observed due to the edge on,by continuous glucose monitoring devices over traditional glucose monitoring devices with ease real-time glucose measurements, paving way toreduced chronic type II diabetes complications such as averting episodes of hypoglycemia causing reduced overall diabetes care costs and also improving quality of life for the patients
• Key market players operating in the U.S. Continuous Glucose Monitoring (CGM) devices market includes Medtronic, Abbott Laboratories, Dexcom, Senseonics., etc…

Optima Insights has a geographical/regional coverage on five major regions, including, North America, Latin America, Europe, Asia Pacific,and Middle East & Africa. This extensive regional coverage also deep dives into major 26 countries, includes, U.S., Mexico, Argentina, Canada, Brazil, Rest of Latin America, U.K., Germany, France, Italy, Spain, Russia and Rest of Europe, India, China, Japan, Australia, South Korea, Australia, ASEAN, Rest of Asia Pacific, GCC, Rest of Middle East, Israel, North Africa, Central Africa and South Africa.

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Optima Insights is an innovative research and insights driven enterprise committed to offer actionable intelligence to the global life science and healthcare market players. We believe that meaningful insights and improved strategic content holds the key to improved ROI for our clients. We strike an innovative engagement model with our clients to Co-Create Intelligence that would address very specific issues facing them within their functional areasto develop targeted research solutions at compelling price point. We continuously support clients through the entire journey map to enable them take better business decisions towards attaining market leadership.

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