Press release
Continuous Blood Glucose Monitoring Market Share, Competitive Analysis and Industry Segments Poised for Strong Growth in Future 2029
Market Overview:The Global Continuous Blood Glucose Monitoring Market Is Expected to Grow at A Significant Growth Rate, And the Analysis Period Is 2022-2028, Considering the Base Year As 2021.
Blood sugar levels are automatically monitored via continuous glucose monitoring, which is available twenty-four hours a day, seven days a week. Your blood glucose level is always visible. To spot trends, you can also look back at your glucose readings over a period of several hours or days. You can balance your nutrition, physical activity, and medications better throughout the day with the help of real-time glucose monitoring. A tiny sensor that is subcutaneously placed, generally on the arm or belly, powers a CGM. The sensor detects the level of glucose in the medium circulating between your cells. Tests are conducted by the glucose sensor every few minutes. An information transmitter wirelessly sends the data to the monitor.
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Market Dynamics
Driver:
The industry has been driven by an increase in diabetes cases and the use of continuous glucose monitoring (CGM) devices. Diabetes can be managed with ease and effectiveness using CGM devices, which are minimally intrusive. They can also spot significant fluctuations in blood sugar levels, helping to avoid hypoglycemia. With the aid of a sensor, the CGM devices make it easier to analyses blood glucose levels at various time intervals. Patients are able to better understand their condition and manage it by entering pertinent readings into diabetes management software over a wireless network.
Opportunities:
Manufacturers of glucose monitoring devices are primarily focused on the creation of unique, cutting-edge CGMS. It provides a broad range of applications for all age cohorts, healthcare environments (diagnostic centers/clinics, hospital ICUs, and home healthcare), and geographical regions. As a result, the market for continuous glucose monitoring devices offers significant potential for both CGMS and insulin pump producers.
The Report Will Contains A Crucial Chapter
•Patent Analysis
•Regulatory Framework
•Technology Roadmap
•BCG Matrix
•Heat Map Analysis
•Price Trend Analysis
•Investment Analysis
•Company Profiling and Competitive Positioning
•Industry Value Chain Analysis
•Market Dynamics and Factors
•Porter's Five Forces Analysis
•Pestle Analysis
•SWOT Analysis
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Market Segmentation
By Product
•CBM
•Transmitters
•Sensors
•receiver
•SMBG Systems
•Blood Glucose Meters
•Testing Strips
•Lancets
By Application
•Type 1 Diabetes
•Type 2 Diabetes
•Gestational Diabetes
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Regional Analysis In Continuous Blood Glucose Monitoring Market
North America dominated the global CGM device market with a market share of over 39 percent. Due to the region's well-established healthcare industry, growth is anticipated during the forecast period. The growing awareness of advanced technologies for diabetes control, the rising prevalence of obesity, and favorable reimbursement policies all contribute to the expansion of this region. In the Asia-Pacific region, the number of diabetic patients is increasing. The International Diabetes Federation reports that India and China have the most diabetic patients in the world. Due to the rise of obesity and socioeconomic inequality, Type 1 and Type 2 diabetes have become increasingly prevalent.
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
•Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of SA)
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Key Players For The Continuous Blood Glucose Monitoring Market
•Abbott Laboratories(U.S)
•Dexcom Inc (U.S)
•LifeScan I.P. Holdings LLC (U.S)
•Medtronic plc (Ireland)
•Terumo Corporation (Japan)
•Johnson & Johnson (U.S)
•GlySens Incorporated (U.S)
•A Menarini Diagnostics (Italy)
•Nemaura Medical Inc (U.S)
•Echo Therapeutics Inc (U.S)
•Senseonics Holdings Inc (U.S)
•Hoffmann-La Roche Ltd (Switzerland)
•Ypsomed AG (Switzerland), and other major players
Key Industry Development In The Continuous Blood Glucose Monitoring Market
In September 2022, Cardiff University and GlucoRx have announced the release of the world's first non-invasive continuous glucose monitor, ushering in a new era of needle-free monitoring for diabetics.
In August 2022, Dexcom and NHS England have announced the availability of Dexcom ONE rt-CGM systems on prescription through the drug tariffs of Wales, NHS England, Scotland, and Northern Ireland for insulin-using patients with Type 1 or Type 2 diabetes.
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Report includes Competitor's Landscape:
•Major trends and growth projections by region and country
•Key winning strategies followed by the competitors
•Who are the key competitors in this industry?
•What shall be the potential of this industry over the forecast tenure?
•What are the factors propelling the demand for the Action Figures And Statues?
•What are the opportunities that shall aid in significant proliferation of the market growth?
•What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
•How has the covid-19 impacted the growth of the market?
•Has the supply chain disruption caused changes in the entire value chain?
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