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Mobile Continuous Glucose Monitoring Market System to Undertake Strapping Growth During 2016 - 2024
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The increasing number of diabetic patients are expected to increase demand for continuous glucose monitoring systems. In recent years the internet and smartphone penetration has increased rapidly in the emerging countries like China, India and Latin American Countries, which is making it easier for the medical device manufacturers to introduce personal healthcare products based on the internet platform that can be easily accessed by the patients via smartphones.
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Technological developments like integration of smart watches into continuous glucose monitoring systems by companies like Apple, Inc. and others trying for the same is expected to increase the adoption rate of the continuous glucose monitoring systems and boost the overall demand for continuous glucose monitoring systems market. Moreover companies like Dexcom, Inc.
are trying to manufacture products with capability of transmitting data to other devices and systems like integration of data into EMR (Electronic Medical Records) which is expected to significantly boost mobile continuous glucose monitoring system market. However the stringent regulatory policies like PMA (Premarket Approval) from FDA may decelerate the entry of new technology in the mobile continuous monitoring system market.
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Also the price of continuous glucose monitoring systems are comparatively higher than the conventional glucose monitoring devices which in turn is expected to hamper continuous glucose monitoring system market. Some other factors restraining the market growth are weak reimbursement policies, fierce competition among existing players and entry of several new players in the continuous mobile glucose monitoring system market.
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