Continuous Glucose Monitoring System Market To Surpass Beyond US$ 17.80 Billion by 2028 with CAGR of 8.87% | Emergen Research

The global continuous glucose monitoring system market size reached USD 4.31 billion in 2020 and is expected to register a revenue CAGR of 19.6% during the forecast period, according to latest analysis by Emergen Research. Rising prevalence of diabetes and increasing demand for continuous glucose monitoring systems for better diabetes management are expected to support market revenue growth between 2021 and 2028. Besides, increasing usage of continuous glucose monitoring systems during clinical studies will continue to boost revenue growth of the market. 

According to the National Center for Biotechnology Information, continuous glucose monitoring systems outperform Self-Monitoring Blood Glucose (SMBG) systems in clinical studies including gestational diabetes mellitus. Additionally, development of more technologically advanced systems to control diabetes will boost product acceptance going ahead. These are some major factors driving growth of the global continuous glucose monitoring system market revenue.

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However, concerns regarding accuracy for detecting hypoglycemia ranges and high cost of continuous glucose monitoring systems are expected to hamper market revenue growth during to some extent the forecast period.

Key Highlights from the Report

• Sensor segment is expected to expand at a substantially rapid revenue CAGR during the forecast period as sensor, which employs glucose oxidase to monitor glucose levels, is a key component of continuous glucose monitoring systems.
• Adult (>14 years) segment is expected to register a significantly robust revenue growth rate over the forecast period because of the growing geriatric population.
• Hospital segment is expected to register a significantly robust revenue growth rate over the forecast period. Growing use of continuous glucose monitoring systems in hospital settings for the detection of blood sugar levels in patients with diabetes mellitus is driving growth of the segment.
• North America is expected to register a rapid revenue growth rate over the forecast period among other regional markets due to robust presence of major continuous glucose monitoring systems providers such as Dexcom, Inc., Johnson & Johnson Services, Inc., Echo Therapeutics, Inc., and Senseonics Holdings, Inc. among others.
• Major companies in the market report include Medtronic plc, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Johnson & Johnson Services, Inc., Dexcom, Inc., Echo Therapeutics, Inc., Senseonics Holdings, Inc., A. Menarini Diagnostics Ltd., GlySens Incorporated, and Ypsomed Holding AG

Covid 19 Impact

The latest market intelligence report underscores the impact of the COVID-19 pandemic on the global Continuous Glucose Monitoring System market, offering deep insights into the pandemic’s adverse effects on the global economy and, consequently, this particular business sector. The report carefully gauges the key market-influencing factors and considers the COVID-19 pandemic as one of the contributing elements for this industry’s potential downturn. Following the pandemic, drastic changes have been observed in the market dynamics and demand trends, which have caused financial difficulties for the businesses operating in this sector. Additionally, the report assesses the COVID-19 impact on the overall growth of the Continuous Glucose Monitoring System market, besides preparing a future impact assessment to help readers make informed business decisions.

Key Companies Profiled in the Report are:

Medtronic plc, F. Hoffmann-La Roche Ltd., Abbott Laboratories, Johnson & Johnson Services, Inc., Dexcom, Inc., Echo Therapeutics, Inc., Senseonics Holdings, Inc., A. Menarini Diagnostics Ltd., GlySens Incorporated, and Ypsomed Holding AG

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The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Research Methodology

Our team of analysts has performed an accurate analysis of significant market elements leveraging advanced primary and secondary research tools. They have deployed well-known analytical tools like SWOT Analysis and Porter’s Five Forces Analysis for the comprehensive market study. A great deal of vital data & information related to the Continuous Glucose Monitoring System market has been gathered in the report from various reliable sources. Under the primary research study, detailed supply chain analysis, value chain analysis, several industry experts’ interviews, and a brief analysis of the Continuous Glucose Monitoring System market’s vendor landscape have been covered. Therefore, as part of secondary research, the report offers vital information pertaining to the company profiles of the key market contenders. Hence, the report’s market segmentation section looks at the global sector to scrutinize key trends, regional markets, and recent industry developments.

Global Continuous Glucose Monitoring System Market Segmentation by Regions:

The countries covered in the regional analysis of the Global Continuous Glucose Monitoring System Market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

• Component Outlook (Revenue, USD Billion; 2018–2028)
• Integrated Insulin Pumps
• Transmitters & Receivers
• Sensors
• Demographics Outlook (Revenue, USD Billion; 2018–2028)
• Child (≤14 years)
• Adult (>14 years)
• End-use Outlook (Revenue, USD Billion; 2018–2028)
• Hospitals
• Clinics
• Home Healthcare
• Others

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Global Continuous Glucose Monitoring System Market Report - Table of Contents:

• Chapter 1: This section includes the introduction of the global Continuous Glucose Monitoring System market, along with a comprehensive market overview, market scope, product offerings, and an in-depth investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
• Chapter 2: This section offers comprehensively analyses the key manufacturers engaged in this business vertical, as well as their sales and revenue estimations.
• Chapter 3: This chapter of the report elaborates on the highly competitive terrain of the market and underscores the wide-ranging vendor landscape.
• Chapter 4: In this section, our researchers have fragmented the Continuous Glucose Monitoring System market on the basis of region and predicted the sales, revenue, and market share of each region over the forecast timeline.
• Chapters 5 and 6: These chapters focus on the systematic market segmentation based on product type, application, and end-user.

Competitive Outlook:

The global Continuous Glucose Monitoring System market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Moreover, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Continuous Glucose Monitoring System market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

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