Rising Diabetes Prevalence Fuels Growth Of The Market: Key Factor Driving The Growth In The Continuous Glucose Monitor System Market

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What Is the Expected Continuous Glucose Monitor System Market Size During the Forecast Period?
The market size of the continuous glucose monitor (CGM) system has experienced exponential growth in the recent past. It is expected to increase from $8.83 billion in 2024 to $9.67 billion in 2025, with a compound annual growth rate (CAGR) of 15.4%. The substantial growth during the historical period is associated with a rise in the aging population, increased knowledge of diabetes control, higher dispensable income, more investments in research and development, and an increase in healTH*Care expenditure.

In the coming years, the market size for continuous glucose monitor (CGM) systems is projected to experience swift expansion. With an anticipated compound annual growth rate (CAGR) of 15.1%, it is estimated to reach a valuation of $17.00 billion by the year 2029. The forecasted growth can be credited to several factors including the escalating occurrences of diabetes, increase in obesity rates, socio-economic changes, rise in clinical trials, and growing urbanization. Notable trends predicted for the forecast period encompass integration with smart devices, elevated usage of artificial intelligence (AI), non-invasive monitoring solutions, expansion of wearable technology, the growth of telemedicine, and remote healTH*Care solutions.

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What Are the High-Growth Segments 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 HealTH*Care

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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What Key Drivers Are Expected to Influence Future Continuous Glucose Monitor System Market Growth?
The continuous glucose monitor system market is anticipated to flourish in response to the growing instances of diabetes, a disease marked by elevated blood sugar levels due to the body's incapability to efficiently produce or use insulin. The surge in diabetes cases is mainly linked to factors like a rise in obesity, unhealthy eating habits, lack of physical activity, and an aging population. Continuous Glucose Monitoring (CGM) systems offer instantaneous glucose level information, facilitating diabetes management by identifying patterns and signaling unusual levels. They enhance glycemic control while lessening the dependence on regular finger-stick tests. To illustrate, in June 2024, the UK's National Health Service reported that in 2023, they identified an extra 549,000 individuals in England at risk for type 2 diabetes. This boosted the amount of people registered with a GP with non-diabetic hyperglycemia, or pre-diabetes, to 3,615,330, a substantial rise compared to 2022's figure of 3,065,825, marking an almost 20% growth. Hence, the surging cases of diabetes are promoting the expansion of the continuous glucose monitor system market.

Which Companies Hold the Largest Share Across Different Continuous Glucose Monitor System Market Segments?
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

What Trends Are Driving Growth in The Acute Hospital Care Market?
Prominent firms in the continuous glucose monitor system market are striving to develop advanced over-the-counter (OTC) continuous glucose monitors (CGMs) to improve accessibility and broaden their consumer base among non-prescription users. An OTC CGM is a tool that offers real-time tracking of glucose levels without requiring any medical prescription, enabling users to independently monitor their glucose levels. As an example, in September 2024, Abbott Laboratories, a medical device company based in the US, unveiled Lingo in the American market. Targeted at adults who do not have diabetes, Lingo provides users with the ability to monitor their glucose levels, giving critical insights into diet and exercise's impact on their overall health. The device, wearable for up to 14 days, aligns with Abbott's approach towards catering to the increasing pool of consumers focused on prediabetes management and wellness, eliminating the need for a prescription.

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What Are the Emerging Geographies for The Continuous Glucose Monitor System Market Growth?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Continuous Glucose Monitor System Market?
2. What is the CAGR expected in the Continuous Glucose Monitor System Market?
3. What Are the Key Innovations Transforming the Continuous Glucose Monitor System Industry?
4. Which Region Is Leading the Continuous Glucose Monitor System Market?

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