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Continuous Blood Glucose Monitoring Market Anticipated To Witness Robust Growth, Surpassing $23.15 Billion By 2029
Continuous Blood Glucose Monitoring
What Is the Continuous Blood Glucose Monitoring Market Size and Projected Growth Rate?
The continuous blood glucose monitoring market has seen strong growth in recent years. It will grow from $13.57 billion in 2024 to $14.87 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. This growth is attributed to the rising prevalence of diabetes, regulatory compliance, the demand for remote monitoring, expanding markets, and increased healthcare spending.
The continuous blood glucose monitoring market is expected to see significant growth, reaching $23.15 billion by 2029 with a CAGR of 11.7%. This growth is supported by the aging population, increasing home healthcare, the expansion of telehealth, growing healthcare expenditures, and rising disposable income. Key trends include the integration of wearables, advancements in AI and machine learning, improved sensors, and collaborations within the industry.
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What Are the Major 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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What Are The Driving Continuous Blood Glucose Monitoring Market Evolution?
The growing prevalence of diabetes is expected to drive the continuous blood glucose monitoring market. Diabetes is a condition that causes fluctuations in blood glucose levels. The International Diabetes Federation reported that 537 million adults worldwide are living with diabetes, with numbers expected to rise to 643 million by 2030 and 783 million by 2045. This increase in diabetes cases will drive the growth of the blood glucose monitoring market.
Which Firms Dominate The Continuous Blood Glucose Monitoring Market Segments?
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 Latest Developing Trends in the Continuous Blood Glucose Monitoring Market?
Technological advancements are a key trend in the continuous blood glucose monitoring market, with companies focusing on advanced solutions. For instance, in 2022, Philips introduced the BiPAP A40 EFL, a non-invasive ventilator aimed at improving patient comfort for those with chronic obstructive pulmonary disease (COPD). The device uses Philips' proprietary ExpiraFlow technology to automatically detect expiratory flow limitation (EFL) and provide tailored therapy for patients.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Continuous Blood Glucose Monitoring Market?
2. What is the CAGR expected in the Continuous Blood Glucose Monitoring Market?
3. What Are the Key Innovations Transforming the Continuous Blood Glucose Monitoring Industry?
4. Which Region Is Leading the Continuous Blood Glucose Monitoring Market?
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