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What's Driving the Continuous Glucose Monitoring Market Trends? | Top Companies are Medtronic plc., Novo Nordisk, Abbott Laboratories, Dexcom Inc., Bayer AG, Insulet Corporation

03-16-2020 11:14 AM CET | Business, Economy, Finances, Banking & Insurance

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Continuous Glucose Monitoring Market Size

Continuous Glucose Monitoring Market Size

Market Study Report LLC recently added a new title on 2019-2025 Global Continuous Glucose Monitoring Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025.

The market is primarily driven by rising prevalence of diabetes globally and increased calling for glucose level testing instantly. Moreover, this innovative technology allowing quick access for analyzing blood glucose level that will stimulate the entire industry. The global continuous glucose monitoring market size is anticipated to reach USD 1,325.9 million by 2025 growing at a CAGR of 15.8% from 2019 to 2025 according to a new report.

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Additionally, increasing awareness for the use of these devices in the developing countries would also propel CGM market in coming years. Furthermore, rising need for the diagnosis of hyperglycemic and hypoglycemic conditions in an individual, and increasing opportunities in the developing countries with the increasing need of research and development by the key players also support the market growth. However, stringent regulatory policies and expensive systems would hinder the market growth during the forecast period.

In 2018, by segment type sensors capture the largest market shares in terms of revenue and hold major share in the market. Regionally, North America accounted for the major share in the wearable medical device market.

On the basis of component type, in 2018, transmitters & receiver holds the major market share. While, sensor component type will be on a leading position during the forecast period. The sensors would hold major share owning to its advantages such as user-friendly technology and increasing awareness for testing blood glucose level in a less time frame.

End users of continuous glucose monitoring are the hospitals, and homecare diagnostics. Homecare diagnostics holds the major share in the CGM market due to, continuous innovations of products that do not require hospital staff intervention for operating these devices.

Geographically, North America holds a dominating position in the global continuous glucose monitoring (CGM) market followed by Europe and Asia Pacific. The growth in the North America wearable medical device market is basically driven growing rate of obesity in this region, sedentary lifestyle rising prevalence of diabetes, and techno savvy population in North America. While, Asia Pacific is poised to grow at a faster rate during the forecast period.

The leading companies operating in this industry include Dexcom Inc., Roche Diagnostics, Medtronic plc., Novo Nordisk, Abbott Laboratories, Animas Corporation, Ypsomed AG., Bayer AG, Insulet Corporation, and Sensonic Corporation.

Key Findings from the study suggest CGM available in the market are continuously concentrating on the technological advancements. The leading companies while developing new systems focusing on the ease of the operation for the patients without hospital staff interventions. Regionally, North America is presumed to dominate the global continuous glucose monitoring market over the forecast years and Asia Pacific region shows signs of high growth owing to the booming economies of India, and China.

Table of Content:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market definition
2.2. Market segmentation
3. Continuous Glucose Monitoring Device Market Insights
3.1. Continuous Glucose Monitoring Industry snapshot
3.1.1. Leading Companies
3.1.2. Key Companies to Watch
3.2. Continuous Glucose Monitoring - Ecosystem analysis
3.2.1. Disease overview
3.2.2. Commercial Landscape
3.3. Continuous Glucose Monitoring Market Dynamics
3.3.1. Continuous Glucose Monitoring Market Forces Continuous Glucose Monitoring Market Driver Analysis Continuous Glucose Monitoring Market Restraint/Challenges analysis Continuous Glucose Monitoring Market Opportunity Analysis
3.4. Industry analysis - Porter's five forces
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Continuous Glucose Monitoring Market PEST Analysis
3.6. Continuous Glucose Monitoring Market Value Chain Analysis
3.7. Continuous Glucose Monitoring Industry Trends
3.8. Competitive Ranking Analysis, 2017
4. Continuous Glucose Monitoring Market Size and Forecast, 2015 - 2025 by Component Types

5. Continuous Glucose Monitoring Market Size and Forecast, 2015 - 2025 by End Users

6. Continuous Glucose Monitoring Market Size and Forecast, 2015 - 2025 by Region

7. Continuous Glucose Monitoring Market Company Profiles

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Related Report:

Global (United States, European Union and China) Continuous Glucose Monitoring (CGM) Market Research Report 2019-2025

A continuous glucose monitor takes a reading on set intervals with a small electrode placed under the skin and held in place by an adhesive. A transmitter attached to the electrode sends data to a separate receiver. In 2019, the market size of Continuous Glucose Monitoring (CGM) is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.

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