Continuous Glucose Monitoring Systems Market will reach 3650 million US$ in 2023

New report published by Global Info Research which offers insights on the global Continuous Glucose Monitoring Systems market.

Continuous glucose monitoring systems helps to manage diabetes by providing real time values of the glucose levels and alerts to the patient in the event of hypo or hyperglycemia. This helps reduce the probability of any complications related to diabetes. In addition, CGMS offers varied benefits over other glucose monitors in monitoring the blood glucose levels of ICU patients. The major factors that drive the growth include surge in geriatric population and high prevalence of population suffering from diabetes. However, lack of adequate reimbursement for devices is the key barrier to the adoption of the devices.

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Global Continuous Glucose Monitoring Systems Market: Forecast by Type / Application / Region

The market is categorized based on component, end user, and region. The CGMS components market includes durable components such as transmitters & receivers and integrated insulin pumps; and disposable components such as sensors. The segment for sensors occupies a dominant share in the CGMS market due to recurring sales of CGMS, short scrap life, and bulk purchases. Therefore, it is deployed in diagnostic centers/clinics. Moreover, the adoption of CGMS in hospital ICUs and in-home healthcare settings has increased in the recent years.

The worldwide market for Continuous Glucose Monitoring Systems is expected to grow at a CAGR of roughly 21.7% over the next five years, will reach 3650 million US$ in 2023, from 1120 million US$ in 2017, according to a new GIR (Global Info Research) study.

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Abbott Laboratories
Dexcom, Inc.
A. Menarini Diagnostics
Echo Therapeutics, Inc.
Insulet Corporation
GlySens Incorporated
Johnson & Johnson
Medtronic
Senseonics Holdings, Inc
F. Hoffmann-La Roche Ltd

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Related Information:
United States Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023
Europe Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023
North America Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023
Asia-Pacific Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023
China Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023
EMEA Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023
Global Continuous Glucose Monitoring Systems Market 2018 Forecast to 2023

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