Comprehensive Continuous Glucose Monitoring Devices Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

What combination of drivers is leading to accelerated growth in the continuous glucose monitoring devices market?
The rise in diabetes cases is anticipated to fuel the expansion of the continuous glucose monitoring devices market. Diabetes, a condition characterized by the body's inability to properly manage blood sugar levels due to lack of sufficient insulin or insulin resistance, is largely attributed to factors such as unhealthy diets, inactive lifestyles, obesity, aging population, and genetic predisposition. Continuous Glucose Monitoring (CGM) devices are beneficial in the management of diabetes as they provide real-time information on blood glucose levels, allowing for timely modifications to treatment and way of life. For example, the Office for Health Improvement & Disparities, a UK-based government body, reported in March 2024 that from March 2022 to 2023, the proportion of people with type 1 diabetes who underwent all eight recommended care procedures rose by 22%, and by 21% for those with type 2 diabetes. Additionally, those reaching target HbA1c levels increased to 37.9%, the highest figure ever documented by the National Diabetes Audit (NDA). As a result, the escalating occurrence of diabetes is stimulating the expansion of the continuous glucose monitoring devices market.

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What is the projected compound annual growth rate (CAGR) of the continuous glucose monitoring devices market from 2025 to 2034, and what factors influence it?
The market size for continuous glucose monitoring devices has seen a rapid expansion lately. There will be an increase from $8.41 billion in 2024 to $9.86 billion in 2025, marking a compound annual growth rate (CAGR) of 17.22%. Factors contributing to this exceptional growth during the historic period include enhanced patient safety and health outcomes, an escalated demand for diabetes management tools, a surge in the adoption of CGM devices, an upsurge in the diabetic population, and a heightened level of confidence among patients.

Expect a swift expansion in the continuous glucose monitoring devices market in the next few years. The market is poised to scale up to $18.45 billion by 2029, with a compound annual growth rate (CAGR) of 16.96%. Factors such as increased healthcare investment, heightened awareness, a surge in diabetes incidents, higher prevalence of the disease, and a growing preference for continuous glucose monitoring devices contribute to this growth prediction. The projected period of growth will likely witness technological progress, advancements in CGM technology, strategic mergers and acquisitions, regulatory approvals, and various partnerships and collaborations.

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How are the latest trends influencing the growth of the continuous glucose monitoring devices market?
Major companies active in the market for continuous glucose monitoring devices are honing their focus on the development of groundbreaking technologies such as over-the-counter continuous glucose monitors. These are specially designed to improve accessibility, precision, and user-friendliness, which help people manage their blood glucose levels more effectively. Over-the-counter continuous glucose monitors, as the name suggests, enable individuals to monitor their blood glucose levels continuously without requiring a medical prescription. For example, in September 2024, Abbott Laboratories, a medical device company based in the US, unveiled its Lingo continuous glucose monitoring (CGM) system. This novel device is engineered to equip users with real-time glucose information. The CGM device facilitates continuous monitoring of glucose levels in real-time and offers users instant access to their blood sugar data throughout the day. Plus, its sleek and user-friendly design coupled with easily readable displays makes it even more appealing to users. The device also easily syncs with mobile apps, aiding users in tracking their glucose trends and receiving timely alerts.

What are the major segments of the continuous glucose monitoring devices market and their role in driving growth?
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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Which regions are key players in the growth of the continuous glucose monitoring devices market?
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.

Who are the key firms paving the way for growth in the continuous glucose monitoring devices market?
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.

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

•Market Size Forecast: Examine the continuous glucose monitoring devices market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the continuous glucose monitoring devices market for a structured understanding.
•Key Players Overview: Analyze major players in the continuous glucose monitoring devices market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the continuous glucose monitoring devices market.
•Segment Contributions: Evaluate how different segments drive overall growth in the continuous glucose monitoring devices market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the continuous glucose monitoring devices market.
•Industry Challenges: Identify potential risks and obstacles affecting the continuous glucose monitoring devices market.
•Competitive Landscape: Review strategic developments in the continuous glucose monitoring devices market, including expansions, agreements, and new product launches.

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