Press release
Continuous Blood Glucose Monitoring Market Revenue Trends, Company Profiles, Revenue Share Analysis, 2021–2026
Continuous Blood Glucose Monitoring MarketThe blood glucose level can be evaluated at different time intervals through continuous glucose monitoring systems. Particular readings recorded with a wireless network in the diabetes management software can help patients understand the disease and manage it effectively. Technological advancements and subsequent new product developments, growing diabetes prevalence, and high diabetes management spending drive the market.
The Major Players Covered in this Report:
Abbott, Dexom Inc., Roche Diagnostics, Bayer AG, Medtronic Plc., Novo Nordisk, Ypsomed AG, Senseonics Incorporated, Insulet Corporation
The global continuous blood glucose monitoring market was valued at USD 4,165.97 million in 2019 and is expected to grow at a CAGR of 12.3% during the forecast period.
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Continuous Blood Glucose Monitoring Market: Segmentation- By Product- Transmitter, Receiver, Sensor, Insulin Pump, By End-User- Hospitals and Clinics, Homecare, Others
Increase in Diabetes Incidence and to Reduce the Complications Associated with the Disease
The spike in the continuous glucose monitoring market is primarily due to the increased diabetes incidence and reduced complications associated with the disease. According to WHO results, about half of all mortality can be related to high blood glucose levels before age 70. Already, by 2030, the WHO expects diabetes to be the seventh leading cause of death. As per the International Diabetes Federation, in 2019, roughly 463 million adults (20–79 years) were living with diabetes; by 2045, this will surge to 700 million.
More than 1.1 million children and adolescents are living with type 1 diabetes. With 50 million patients, India has turned into the "diabetes capital of the world." According to the WHO, approximately 60 million people have diabetes in the European Region, and the incidence is higher among people aging 25 years and above. Based on the global diabetes population, the APAC region holds 60% of the diabetic patient population.
Regional Analysis For Continuous Blood Glucose Monitoring Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
In this study, the years considered to estimate the market size of the Continuous Blood Glucose Monitoring are as follows:
• History Year: 2014-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2021 to 2026
The study objectives of this report are:
• To study and forecast the market size of the Continuous Blood Glucose Monitoring in the global market.
• To analyze the global key players, SWOT analysis, value, and global market share for top players.
• To define, describe and forecast the market by type, end-use, and region.
• To analyze and compare the market status and forecast among global major regions.
• Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
• Identify the key trends and factors that are driving or holding back market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
• Strategic analysis of each submarket in light of individual growth trends and market contributions.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• Complete analysis of the strategic strategy and growth of key players
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Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs. Moreover, we're continually developing, not only with regards to where we measure, or who we measure but in how our visions can enable you to drive cost-effective growth.
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