Key Driver Shaping the Future Continuous Glucose Monitor System Market From 2025-2034: Rising Diabetes Prevalence Fuels Growth Of The Market

What Is the Estimated Market Size and Growth Rate for the Continuous Glucose Monitor System Market?
The market for continuous glucose monitor (CGM) systems has seen swift expansion in recent times. The market size is anticipated to elevate from $8.83 billion in 2024 to $9.67 billion in 2025, with a compound annual growth rate (CAGR) of 15.4%. This remarkable growth during the historic period can be ascribed to factors such as an increase in the elderly population, heightened cognizance of diabetes management, a rise in disposable income, amplified investment in research and development, and growth in healthcare spending.

In the forthcoming years, there will be a swift expansion in the continuous glucose monitor (CGM) system market, reaching a market size of $17.00 billion by 2029 with a compound annual growth rate (CAGR) of 15.1%. The escalation during the prediction period can be credited to an escalating occurrence of diabetes, enhanced instances of obesity, social-economic advancements, more clinical trials, and a surge in urbanization. The forecast period brings in trends such as syncing with smart devices, escalated utilization of artificial intelligence (AI), non-disruptive monitoring methods, the extension of wearable technology, emergence of telemedicine, and remote healthcare resolutions.

What Are the Forces Behind the Rapid Growth of the Continuous Glucose Monitor System Market?
The escalating instances of diabetes are anticipated to stimulate the expansion of the continuous glucose monitor system market in the future. Diabetes is a perpetual health condition denoted by elevated sugar levels in the blood due to the body's inefficiency in producing or utilizing insulin effectively. The surge in diabetes is predominantly due to factors such as rising obesity levels, unhealthy eating habits, lack of physical activity, and an ageing demographic. Continuous Glucose Monitoring (CGM) systems offer instant glucose readings, assist in diabetes management by identifying patterns and notifying users of irregular levels. They enhance glycaemic control while reducing the necessity for regular finger pricks. For example, the National Health Service, a UK-based governmental department, reported in June 2024 that in 2023, the NHS identified an additional 549,000 individuals in England who are at risk of developing type 2 diabetes. This increased the total count of people with non-diabetic hyperglycemia, or pre-diabetes, registered with a general practitioner to 3,615,330. This is a substantial increase from the previous number of 3,065,825 in 2022, indicating a near 20% rise. Consequently, the escalating prevalence of diabetes is fuelling the advancement of the continuous glucose monitor system market.

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Who Are the Dominant Companies Influencing Continuous Glucose Monitor System Market Trends?
Major companies operating in the continuous glucose monitor system market are Abbott Corporation, Medtronic PLC, Murata Manufacturing Co. Ltd., Dexcom Inc., Sinocare Inc., Tandem Diabetes Care Inc., Ascensia Diabetes Care Holdings AG, Glooko Inc., DarioHealth Corp., Menarini Diagnostics SRL, Senseonics Holdings Inc., WaveForm Technologies Inc., Medtrum Technologies Inc., Biolinq Incorporated, Ultrahuman Inc., GlySens Incorporated, Glucotrack, EOFLOW CO. LTD., Nemaura Medical Inc., Meiqi Medical Equipment, Nipro Diagnostics UK Limited

Which Key Developments Are Influencing the Continuous Glucose Monitor System Market?
Major firms engaged in the continuous glucose monitor system market are placing emphasis on the development of advanced over-the-counter continuous glucose monitors (CGMs) to increase availability and broaden their customer base among those who don't require a prescription. The over-the-counter (OTC) continuous glucose monitor (CGM) enables consumers to track glucose levels in real-time, without a prescription thus offering them a convenient way to independently monitor their glucose. For example, in September 2024, Abbott Laboratories, an American medical device corporation, introduced Lingo in the US. Created with non-diabetic adults in mind, Lingo allows users to monitor their glucose levels, providing crucial information about the impact of diet and exercise on their health. With a wearability duration of up to 14 days, this device aids in implementing Abbott's strategy to capture the increasing consumer market interested in prediabetes management and wellness, which doesn't require a prescription.

What Are the Different Segmentations in the Continuous Glucose Monitor System Market?
The continuous glucose monitor system market covered in this report is segmented -

1) By Component: Transmitters, Receivers, Sensor
2) By Technology: Real Time Continuous Glucose Monitoring, Intermittently Scanned Continuous Glucose Monitoring
3) By Demography: Child Population, Adult Population
4) By Application: Type-1 Diabetes, Type-2 Diabetes, Gestational Diabetes
5) By End-User: Diagnostics Centers, Hospitals, Clinics, Intensive Care Unit (ICUs), Home Healthcare

Subsegments:
1) By Transmitters: Bluetooth-Enabled Transmitters, Wireless Transmitters
2) By Receivers: Dedicated Devices (CGM Receiver), Smartphone-Based Receivers, Cloud-Connected Receivers
3) By Sensor: Enzyme-Based Sensors, Non-Enzyme-Based Sensors, Electrochemical Sensors

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Which Region Is at the Forefront of the Continuous Glucose Monitor System Market?
North America was the largest region in the continuous glucose monitor (CGM) system market in 2024. The regions covered in the continuous glucose monitor system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Continuous Glucose Monitor System Global Market Report?

- Market Size Analysis: Analyze the continuous glucose monitor system Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the continuous glucose monitor system 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 monitor system market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the continuous glucose monitor system market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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