Press release
Global Continuous Blood Glucose Monitoring Market Projected to Surpass $23.15 Billion by 2029 with 11.7% Annual Growth
Continuous Blood Glucose Monitoring Market Size
The market for continuous glucose monitoring has seen considerable expansion in the past years. The market is projected to increase from $13.57 billion in 2024 to $14.87 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. The growth observed in the historic period can be associated with the rise in diabetes prevalence, adherence to regulatory standards, the need for remote monitoring, emerging markets, and an increase in healthcare expenditures.
The market size for continuous blood glucose monitoring is set to experience a swift expansion in the ensuing years, ballooning to $23.15 billion by 2029 with an 11.7% Compound Annual Growth Rate (CAGR). Factors propelling this growth in the projected period are an increasing aging population, boom in home healthcare and telehealth sectors, increased healthcare spending, and growth in disposable income. The forecast period is also characterized by key trends such as integration with wearable technology, the utilization of artificial intelligence and machine learning, innovation in sensors and improved precision, and enhanced scope for partnerships and collaborations.
What Is Contributing to the Growth of the Continuous Blood Glucose Monitoring Market?
The rise in diabetes cases worldwide is anticipated to fuel the expansion of the continuous blood glucose monitoring market. Diabetes, a health affliction characterized by inconsistent blood glucose levels, can be better managed with the help of blood glucose monitoring devices that can observe trends and patterns, providing a more comprehensive assessment of a diabetic patient's health. For example, recent figures from the International Diabetes Federation (IDF) reveal that around 537 million adults between the ages of 20 and 79 years have diabetes worldwide. This figure showcases an alarming increase from prior predictions, underscoring a worrying surge in the occurrence of diabetes. The IDF forecasts this number to reach approximately 643 million by 2030, further escalating to about 783 million by 2045. Consequently, the escalating rates of diabetes worldwide are propelling the growth of continuous blood glucose monitoring market in the future.
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Which Key Market Leaders Are Driving Continuous Blood Glucose Monitoring Industry Growth?
Major companies operating in the continuous blood glucose monitoring market include F. Hoffmann-La Roche Ltd., Lifescan Inc., Medtronic plc., Abbott Laboratories, GlySens Inc., Arkray, Senseonics Holdings Inc., Glysure Limited, Nemaura Medical Inc., Tandem Diabetes Care Inc., AgaMatrix Inc., B. Braun Melsungen AG, Ypsomed Holding AG, Terumo Corporation, Orsense Ltd., Dexcom Inc., A. Menarini Diagnostics, Johnson & Johnson Services Inc., Ascensia Diabetes Care Holdings AG, Insulet Corporation, Medtrum Technologies Inc., Beta Bionics Inc., Bigfoot Biomedical Inc., One Drop Inc., DarioHealth Corp., MedAngel BV, GluSense Ltd., PKvitality
What Are the Emerging Trends in the Continuous Blood Glucose Monitoring Industry?
The rise of technological advancements is becoming a prominent trend in the continuous blood glucose monitoring market. Firms predominant in this market are concentrating on building innovative technological strategies to solidify their standing in the market. For example, in 2022, Philips broadened its array of home healthcare products for patients suffering from chronic obstructive pulmonary disease (COPD) by launching the BiPAP A40 EFL. This non-invasive ventilator is intended to heighten patient comfort and lower hospital readmission rates. The ventilator utilizes Philips' exclusive ExpiraFlow technology, which enables healthcare practitioners to automatically identify expiratory flow limitation (EFL) in COPD patients and implement personalized therapy.
What Are the Main Segments in the Continuous Blood Glucose Monitoring Market?
The continuous blood glucose monitoring market covered in this report is segmented -
1) By Component: Insulin Pumps, Sensors, Transmitters, Receivers
2) By Application: Type 1 Diabetic Patients, Type 2 Diabetic Patients, Gestational Diabetes, Critical Care Patients
3) By End User: Hospitals, Homecare Diagnostics, Other End Users
Subsegments:
1) By Insulin Pumps: Tubeless Insulin Pumps, Tubed Insulin Pumps, Patch Pumps
2) By Sensors: Continuous Glucose Monitoring Sensors, Flash Glucose Monitoring Sensors, Implantable Sensors
3) By Transmitters: Integrated Transmitters, Wireless Transmitters, Bluetooth-enabled Transmitters
4) By Receivers: Standalone Receivers, Smartphone Apps, Integrated Devices
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Which Geographic Area Leads the Continuous Blood Glucose Monitoring Market?
The countries covered in the continous blood glucose monitoring market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Is Covered In The Continuous Blood Glucose Monitoring Global Market Report?
- Market Size Analysis: Analyze the Continuous Blood Glucose Monitoring Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Continuous Blood Glucose Monitoring 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 Blood Glucose Monitoring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Continuous Blood Glucose Monitoring Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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The Global Blood Glucose Monitoring Market is defined by the presence of some of the leading competitors operating in the market, including the well-established players and new entrants, and the suppliers, vendors, and distributors. One of the main aims of diabetes treatment is to keep blood glucose levels within a specified target range. The key is balancing your food with your activity, lifestyle and diabetes medicines. Blood glucose monitoring…
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