Continuous Blood Glucose Monitoring Market Size, Application, CAGR Analysis, Growth Factors, Supply And Future Forecast To 2032

As per The Business Research Company's Continuous Blood Glucose Monitoring Opportunities And Strategies Market Report 2023, The global continuous blood glucose monitoring market reached a value of nearly $5,684.5 million in 2021, having grown at a compound annual growth rate (CAGR) of 19.7% since 2016. The market is expected to grow from $5,684.5 million in 2021 to $12,726.6 million in 2026 at a rate of 17.5%. The market is then expected to grow at a CAGR of 19.5% from 2026 and reach $31,050.3 million in 2031.

The increasing incidences of diabetes will support the growth of the market. Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces. For example, according to the International Diabetes Federation (IDF) Diabetes Atlas Tenth edition 2021 approximately 537 million adults (20-79 years) are living with diabetes. The total number of people living with diabetes is projected to rise to 643 million by 2030 and 783 million by 2045. 3 in 4 adults with diabetes live in low- and middle-income countries with almost 1 in 2 (240 million) adults living with diabetes are undiagnosed. Diabetes caused 6.7 million deaths and caused at least $966 billion dollars in health expenditure, 9% of total spending on adults. More than 1.2 million children and adolescents (0-19 years) are living with type 1 diabetes. 1 in 6 live births (21 million) are affected by diabetes during pregnancy. 541 million adults are at increased risk of developing type 2 diabetes. Thus, the increased incidence of diabetes will drive the market growth.

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Major companies operating in the continuous blood glucose monitoring market are focused on developing new technological solutions to strengthen their position in the market. For example, in June 2022, Abbott announced that it is developing a new bio wearable that will continuously monitor glucose.The system has secured breakthrough device designation from the U.S. Food and Drug Administration, which is designed to expedite the review of innovative technologies that can improve the lives of people with life-threatening or irreversibly debilitating diseases or conditions. The world's smallest and thinnest continuous glucose monitoring (CGM) sensor, and will connect to Abbott's digital ecosystem, including personal and caregiver mobile apps and cloud-based data management software for remote monitoring by healthcare professionals. Also, in September 2022, Infinovo an USA based innovative medical technology company launched Glunovo®p3 Real-Time calibration-free CGM System at European Association for the Study of Diabetes (EASD), one of the world's largest academic conferences in the field of diabetes in September 2022. In many European countries, patients with type 1 diabetes and type 2 insulin-dependent diabetes can access Infinovo's CGM products on prescription.

The top opportunities in the continuous blood glucose monitoring market segmented by components will arise in the sensors segment, which will gain $3,734.2 million of global annual sales by 2026. The top opportunities in the continuous blood glucose monitoring market segmented by application will arise in the type 2 diabetic patients segment, which will gain $6,124.0 million of global annual sales by 2026. The top opportunities in the continuous blood glucose monitoring market segmented by end user will arise in the homecare diagnostics segment, which will gain $3,690.0 million of global annual sales by 2026. The continuous blood glucose monitoring market size will gain the most in USA at $2,473.8 million

Continuous Blood Glucose Monitoring Market Segmentation:
The Continuous Blood Glucose Monitoring market is segmented by components, by application and by end users.
By Components -
a) Insulin Pumps
b) Sensors
c) Transmitters
d) Receivers

By Application -
a) Type 1 Diabetic Patients
b) Type 2 Diabetic Patients
c) Gestational Diabetes
d) Critical Care Patients

By End Users -
a) Hospitals
b) Homecare Diagnostics
c) Other End Users

Major players in the Continuous Blood Glucose Monitoring market include Abbott, Laboratories, Dexcom, Inc., Medtronic plc, Senseonics Holdings, Inc., Menarini Diagnostics

The regions covered in the global Continuous Blood Glucose Monitoring market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Continuous Blood Glucose Monitoring Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Continuous Blood Glucose Monitoring Market Report Table Of Content
1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
.......
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Global Continuous Blood Glucose Monitoring Market Opportunities And Strategies
21.Continuous Blood Glucose Monitoring Market, Conclusions And Recommendations
22.Appendix

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