Press release
Continuous Glucose Monitoring System Market Top Key Players - Dexcom, Medtronic, Abbott, C8 Medisensors, Integrity Applications Ltd, Echo Therapeutics Inc., Novo Nordisk, Orsense Ltd., Johnson & Johnson, Senseonics, and other vendors
In 2021, the global continuous glucose monitoring system market was valued at USD 4,978.3 million. By 2030, the market is forecasted to reach USD 10,364.9 million at a compound annual growth rate (CAGR) of 9.6%. The major factors fueling the continuous glucose monitoring system market include increasing prevalence of diabetes, rising number of product launches, and growing geriatric population.
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Geographically, the North America region commanded the global continuous glucose monitoring system market in 2021, followed by Europe and Europe. The trend is expected to continue during the forecast period. This can be attributed to favorable reimbursements, high awareness through programs, and increasing prevalence of diabetes in the US and Canada. The U.S. and Canada stand as the leading contributors to the continuous glucose monitoring system market in this region.
Some of companies profiled in report include Dexcom, Medtronic, Abbott, C8 Medisensors, Integrity Applications Ltd, Echo Therapeutics Inc., Novo Nordisk, Orsense Ltd., Johnson & Johnson, Senseonics, and other vendors.
The global continuous glucose monitoring system market is segmented into type, application, and region. Based on component, the continuous glucose monitoring system market is segmented into sensors, transmitters & receivers, insulin pumps, and others. Based on demography, the continuous glucose monitoring system market is segmented into child, and adult. Based on the end user, the global continuous glucose monitoring system market is categorized into hospitals, clinics, home care, and others.
The global continuous glucose monitoring system market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, BENELUX, Nordic Countries and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Southeast Asia, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).
Key Insights of Continuous Glucose Monitoring System Market
• On the basis of demography, the adult segment dominated the global continuous glucose monitoring system market in 2021. The segment slated to continue with its dominance throughout the forecast period of 2022-2030.
• On the basis of end user, the home care segment held the largest share of the global component market in 2021. The segment's position is expected to remain unchanged during the forecast period of 2022-2030.
• On the basis of connectivity, the milling machines segment accounted for leading share of the global continuous glucose monitoring system market in 2021.
• On the basis of region, the component region commanded the global component market in 2021, followed by component and component. The trend is expected to continue during the forecast period.
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