Continuous Glucose Monitoring Market Size | Forecast 2031
Continuous Glucose Monitoring Market Size | Forecast 2031
Segments - Continuous Glucose Monitoring Market by Types (Transmitters and Receivers, Sensors, and Insulin Pumps), Applications (Diagnostics/Clinics, Hospitals, and Home settings), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-559
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Report Description
Continuous Glucose Monitoring Market Outlook 2031
The global continuous glucose monitoring market size was valued at USD 6.33 Billion in 2022 and is projected to reach USD 15.55 Billion by 2031, expanding at a CAGR of 10.5% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing prevalence of diabetes among children and geriatric population.
Continuous glucose monitoring is a glucometer that tracks blood glucose levels in real time. This device reduces the need for multiple finger pricks. The sensor in the device has a sensor that transmits glucose readout at predetermined intervals to the monitoring device. Continuous glucose monitoring device helps a diabetic patient to manage the blood glucose level effectively.
According to the World Health Organization (WHO), around 422 million people have diabetes across the globe. Diabetes is one of the leading cause of the death around the world.
Continuous Glucose Monitoring Market Drivers, Restraints, Trends, and Opportunities
- Increasing incidence of obesity owing to poor dietary habits and lack of physical activity is anticipated to positively influence the continuous glucose monitoring market growth.
- Rising advancement in the development of continuous glucose monitoring devices is expected to spur the market growth.
- Lack of awareness about these devices in low and middle-level countries is speculated to restrain the continuous glucose monitoring market growth.
- Growing number of initiatives by state government bodies regarding diabetes is expected to create reimunerativen opportunities in the coming years.
Scope of Continuous Glucose Monitoring Market Report
The report on the global continuous glucose monitoring market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Continuous Glucose Monitoring Market Research Report- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Transmitters and Receivers, Sensors, and Insulin Pumps), Applications (Diagnostics/Clinics, Hospitals, and Home Settings) |
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Regional Scope |
North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Medtronic plc, Abbott, DexCom, Echo, Insulet, Johnson & Johnson, Roche, and AgaMatrix |
Global Continuous Glucose Monitoring Market Segment Insights
Home setting segment to account a major market share
On the basis of applications, the continuous glucose monitoring market share is segmented into diagnostics/clinics, hospitals, and home settings. The home setting segment to account for a large market share owing to the rising cases of hypo and hyperglycaemia. Moreover, the ease of conducting tests through continuous glucose monitoring devices in home is driving the segment growth.
Conversely, the hospitals segment is anticipated to play a key role during the forecast period. The availability of medical expertise and prominent healthcare facilities is anticipated to spur the segment growth.
Sensors segment to account a considerable market share
Based on the types, the continuous glucose monitoring market share is divided into transmitters, receivers, sensors, and insulin pumps. The sensors segment to account for a considerable market share during the forecast period. Declining price of sensors and growing integration of sensors in medical equipment are driving the growth of the market segment.
Continuous Glucose Monitoring Market Regional Outlook
North America to dominate the market
Based on regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America to play a key role in the continuous glucose monitoring systems market. Increasing geriatric population, rising incidence of diabetes, surging demand for wireless & portable systems are speculated to drive the growth of this region.
On the other hand, the market in Asia Pacific to exhibit a high CAGR owing to rapid growth of the healthcare industry in emerging economies such as India and China.
Segments
Types
- Transmitter
- Receivers
- Sensors
- Insulin Pumps
Applications
- Diagnostics/ Clinics
- Hospitals
- Home settings
Regions
- North America
- Latin America
- Europe
- Asia pacific
- Middle East & Africa
Key Players
- Medtronic plc
- Abbott
- DexCom
- Echo
- Insulet
- Johnson & Johnson
- Senseonics
- Roche
- AgaMatrix
- GlySure
- OrSense
Competitive Landscape
The key players in the continuous glucose monitoring systems market include Abbott Laboratories, Dexcom, Inc., A. Menarini Diagnostics, Echo Therapeutics, Inc., GlySens Incorporated, Johnson & Johnson, Medtronic plc, Senseonics Holdings, Inc., and F. Hoffmann-La Roche Ltd.
Companies are focusing on integrating latest technologies in devices to leverage their market position. Moreover, they’re focusing on providing cost-effective devices in emerging economies.
Frequently Asked Questions
The global Continuous Glucose Monitoring Market size was valued at USD 6.33 billion in 2022.
Continuous Glucose Monitoring Market is growing at a CAGR of 10.5% in forecast period.
The Continuous Glucose Monitoring Market is studied from 2023 - 2031.
The home setting segment to account for a large market share owing to the rising cases of hypo and hyperglycaemia. Moreover, the ease of conducting tests through continuous glucose monitoring devices in home is driving the segment growth.
North America to play a key role in the continuous glucose monitoring systems market. Increasing geriatric population, rising incidence of diabetes, surging demand for wireless & portable systems are speculated to drive the growth of this region.
The key players in the continuous glucose monitoring systems market include Abbott Laboratories, Dexcom, Inc., A. Menarini Diagnostics, Echo Therapeutics, Inc., GlySens Incorporated, Johnson & Johnson, Medtronic plc, Senseonics Holdings, Inc., and F. Hoffmann-La Roche Ltd.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Continuous Glucose Monitoring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Continuous Glucose Monitoring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Continuous Glucose Monitoring Market - Supply Chain
4.5. Global Continuous Glucose Monitoring Market Forecast
4.5.1. Continuous Glucose Monitoring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Continuous Glucose Monitoring Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Continuous Glucose Monitoring Market Absolute $ Opportunity
5. Global Continuous Glucose Monitoring Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Continuous Glucose Monitoring Market Size and Volume Forecast by Types
5.3.1. Transmitter
5.3.2. Receivers
5.3.3. Sensors
5.3.4. Insulin Pumps
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Continuous Glucose Monitoring Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Continuous Glucose Monitoring Market Size and Volume Forecast by Applications
6.3.1. Diagnostics/ Clinics
6.3.2. Hospitals
6.3.3. Home settings
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Continuous Glucose Monitoring Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Continuous Glucose Monitoring Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Continuous Glucose Monitoring Demand Share Forecast, 2019-2026
8. North America Continuous Glucose Monitoring Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Continuous Glucose Monitoring Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Continuous Glucose Monitoring Market Size and Volume Forecast by Types
8.4.1. Transmitter
8.4.2. Receivers
8.4.3. Sensors
8.4.4. Insulin Pumps
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Continuous Glucose Monitoring Market Size and Volume Forecast by Applications
8.7.1. Diagnostics/ Clinics
8.7.2. Hospitals
8.7.3. Home settings
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Continuous Glucose Monitoring Demand Share Forecast, 2019-2026
9. Latin America Continuous Glucose Monitoring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Continuous Glucose Monitoring Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Continuous Glucose Monitoring Market Size and Volume Forecast by Types
9.4.1. Transmitter
9.4.2. Receivers
9.4.3. Sensors
9.4.4. Insulin Pumps
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Continuous Glucose Monitoring Market Size and Volume Forecast by Applications
9.7.1. Diagnostics/ Clinics
9.7.2. Hospitals
9.7.3. Home settings
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Continuous Glucose Monitoring Demand Share Forecast, 2019-2026
10. Europe Continuous Glucose Monitoring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Continuous Glucose Monitoring Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Continuous Glucose Monitoring Market Size and Volume Forecast by Types
10.4.1. Transmitter
10.4.2. Receivers
10.4.3. Sensors
10.4.4. Insulin Pumps
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Continuous Glucose Monitoring Market Size and Volume Forecast by Applications
10.7.1. Diagnostics/ Clinics
10.7.2. Hospitals
10.7.3. Home settings
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Continuous Glucose Monitoring Demand Share Forecast, 2019-2026
11. Asia Pacific Continuous Glucose Monitoring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Continuous Glucose Monitoring Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Continuous Glucose Monitoring Market Size and Volume Forecast by Types
11.4.1. Transmitter
11.4.2. Receivers
11.4.3. Sensors
11.4.4. Insulin Pumps
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Continuous Glucose Monitoring Market Size and Volume Forecast by Applications
11.7.1. Diagnostics/ Clinics
11.7.2. Hospitals
11.7.3. Home settings
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Continuous Glucose Monitoring Demand Share Forecast, 2019-2026
12. Middle East & Africa Continuous Glucose Monitoring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Continuous Glucose Monitoring Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Continuous Glucose Monitoring Market Size and Volume Forecast by Types
12.4.1. Transmitter
12.4.2. Receivers
12.4.3. Sensors
12.4.4. Insulin Pumps
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Continuous Glucose Monitoring Market Size and Volume Forecast by Applications
12.7.1. Diagnostics/ Clinics
12.7.2. Hospitals
12.7.3. Home settings
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Continuous Glucose Monitoring Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Continuous Glucose Monitoring Market: Market Share Analysis
13.2. Continuous Glucose Monitoring Distributors and Customers
13.3. Continuous Glucose Monitoring Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Medtronic plc
13.4.2. Abbott
13.4.3. DexCom
13.4.4. Echo
13.4.5. Insulet
13.4.6. Johnson & Johnson
13.4.7. Senseonics
13.4.8. Roche
13.4.9. AgaMatrix
13.4.10. GlySure
13.4.11. OrSense
Methodology
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