What's Driving the Continuous Glucose Monitoring Devices Market 2025-2034: Increasing Prevalence Of Diabetes Driving Growth In The Continuous Glucose Monitoring Devices Market

What Are the Projections for the Size and Growth Rate of the Continuous Glucose Monitoring Devices Market?
In the past few years, the market size for continuous glucose monitoring (CGM) devices has seen significant expansion. The size is posited to swell from $8.41 billion in 2024 to $9.86 billion in 2025, achieving a compound annual growth rate (CAGR) of 17.22%. Factors contributing to this surge during the historic period include enhanced patient safety and health outcomes, growing demand for diabetes management gadgets, an upturn in the employment of CGM devices, an increase in diabetes patients, and a boost in patient confidence.

The market for continuous glucose monitoring devices is anticipated to witness rapid expansion in the coming years, with a predicted valuation of $18.45 billion by 2029, growing at a compound annual growth rate (CAGR) of 16.96%. The expected proliferation during the projected period is due to factors such as increased spending on healthcare, increased awareness, growing instances of diabetes, increased prevalence of the condition, and the surging popularity of continuous glucose monitoring devices. Key trends foreseen during this period encompass technological advancements, evolutions in CGM technology, consolidations and takeovers, regulatory authorizations, and partnerships, and cooperative ventures.

What Are the Main Catalysts for Growth in the Continuous Glucose Monitoring Devices Market?
Due to the rise in diabetes, the continuous glucose monitoring devices sector is set to experience a surge. Diabetes, a disease that hinders the body's ability to control blood sugar levels due to inadequate insulin production or resistance, is increasing due to factors such as poor food choices, inactive lifestyles, obesity, older age demographics, and genetics. Continuous Glucose Monitoring (CGM) devices offer a solution to manage diabetes, offering up-to-the-minute readings on blood glucose levels, thus allowing appropriate adjustments in treatment and lifestyle. As an example, the Office for Health Improvement & Disparities from the UK reported in March 2024 that there was a 22% increase of individuals with type 1 diabetes receiving all eight suggested care procedures from March 2022 to March 2023, and a 21% increase for those with type 2 diabetes. The percentage reaching the target HbA1c levels also climbed to 37.9%, the highest ever reported by the National Diabetes Audit (NDA). Therefore, the rise in diabetes prevalence is fueling the growth of the continuous glucose monitoring devices market.

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Which Businesses Are at the Forefront of Continuous Glucose Monitoring Devices Market Development?
Major companies operating in the continuous glucose monitoring devices market are Johnson & Johnson, F. Hoffmann-La Roche AG, Sanofi S.A., Abbott Laboratories, Medtronic Public Limited Company, Novo Nordisk A/S, Becton Dickinson and Company, A. Menarini Diagnostics S.r.l., Dexcom Inc., Bionime Corporation, Insulet Corporation, Ascensia Diabetes Care Holdings AG, Tandem Diabetes Care Inc., i-Sens Inc., Senseonics Holdings Inc., Medtrum Technologies Inc., Biolinq Inc., GlySens Incorporated, Glucotrack Inc., Nemaura Medical Inc.

What Are the Emerging Trends in the Continuous Glucose Monitoring Devices Industry?
Prominent firms are functioning in the market for continuous glucose monitoring devices, working on the creation of pioneering technologies such as over-the-counter continuous glucose monitors. These are aimed at improving accessibility, precision, and user-friendliness in the management of blood sugar levels. An over-the-counter continuous glucose monitor is a gadget that allows people to continuously observe their blood sugar levels without the requirement for a prescription. For instance, Abbott Laboratories, a medical device business based in the US, in September 2024, unveiled a Lingo Continuous Glucose Monitoring (CGM) system designed to supply users with live glucose data. The gadget offers real-time, continuous glucose monitoring, giving users immediate insights on their blood sugar levels throughout the day. The device is sleek, user-friendly, features easy-to-understand displays and can effortlessly integrate with mobile applications to track trends and receive alerts.

How Is the Continuous Glucose Monitoring Devices Market Segmented?
The continuous glucose monitoring devices market covered in this report is segmented -

1) By Component: Transmitters, Sensors, Receivers
2) By Connectivity: Bluetooth, 4G
3) By Demography: Child Population, Adult Population
4) By Application: Gestational Diabetes, Type-2 Diabetes, Type-1 Diabetes
5) By End-Use: Hospitals, Homecare Settings, Other End Users

Subsegments:
1) By Transmitters: Bluetooth-Enabled Transmitters, Wireless Transmitters, Integrated Transmitter-Receiver Systems
2) By Sensors: Enzyme-Based Sensors, Electrochemical Sensors, Non-Invasive Sensors
3) By Receivers: Mobile Device Integration (Smartphone Receivers), Standalone Receivers, Cloud-Based Data Sync Receivers

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Where Is the Continuous Glucose Monitoring Devices Market Growth Most Prominent?
North America was the largest region in the continuous glucose monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous glucose monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Continuous Glucose Monitoring Devices Global Market Report?

- Market Size Analysis: Analyze the continuous glucose monitoring devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the continuous glucose monitoring devices Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall continuous glucose monitoring devices market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the continuous glucose monitoring devices market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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