Global Continuous Glucose Monitoring (CGM) Market Will Reach USD US$910 million in 2019- Transparency Market Research

The global continuous glucose monitoring market, which stood at US$370 million in 2012, is expected to reach US$910 million by the end of 2019. 

As reported by International Diabetes Federation (IFD), in 2013, approximately 382 million people worldwide were diagnosed with diabetes, and this number is expected to gallop to 592 million before 2035 ends. In addition, as per the findings of Juvenile Diabetes Research Foundation (JDRF), a 23% rise in the total number of type 1 diabetes was noted in the U.S. alone between 2001 and 2009. The report highlights, rising number of people suffering from type 1 diabetes will drive the demand for CGM in the global market. The research study on the global CGM market focuses on analyzing the incumbent demand and supply trends to determine the growth trajectory for the market in the near future. With the help of analytical tools such as Porter’s Five Forces and SWOT analysis, the analysts combed through the data obtained from various industrial sources. Information included in the report is sourced from present market dynamics, financial reports of leading vendors, historical data, and insights from industrial experts. 

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The report observes that lifestyle diseases are becoming an increasingly common phenomenon both in developed and developing countries alike. The rising incidence of the ailment has affected adults as well as children. In order to ensure proper treatment of diabetes, countries around the world are encouraging technological developments and innovation, which in turn has bolstered the growth opportunities for the continuous glucose monitoring market. Moreover, changing lifestyle patterns and premium living standards have increased the demand for point of care testing, which has also created lucrative opportunities for the continuous glucose monitoring market to capitalize on. Despite registering a remarkable growth trend, as per the report, unfavorable reimbursement policies will inhibit the expansion of the global CGM market. Calibration issues observed in the CGM equipment might also hamper the market’s growth. However, introduction of enhanced technological sophistication in the market will iron out such hindrances. The report highlights, development of non-invasive and advanced CGM equipments will encourage producers to diversify their operations in the near future and pace up with the market trends. 

Browse the full Continuous Glucose Monitoring Market (Guardian Real Time, FreeStyle Navigator, Dexcom Seven Plus, Dexcom G4 Platinum, MiniMed Paradigm Revel/Veo CGM Systems and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/continuous-glucose-monitoring.html

The global CGM market was led by North America and Europe in 2012. However, impressively improving healthcare and lifestyle standards in Asia Pacific will help the region to register fastest growth during the forecast period. The report also profiles leading vendors such as Dexcom Seven Plus CGM System, Guardian Real Time CGM System, MiniMed Paradigm Reveal/Veo System, FreeStyle Navigator, and Dexcom G4 Platinum to study the competitive landscape. 

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