Devices for continuous glucose monitoring (CGM) offer information on the daily glucose levels of diabetic individuals. Patients with type 1 and type 2 diabetes mostly utilize CGM devices for better glucose control to enhance health and quality of life. The widespread use of CGM systems has also been facilitated by the integration of smartphones for simple diabetes management and cloud-based data storage, which are significant aspects of the current crop of CGM devices. The graphical display and customizable alarms on CGM devices show a complete picture of glucose trends and notify users to any changes in glucose status.major motivating elements China's aging population and high diabetes prevalence are anticipated to fuel the country's continuous glucose monitoring market's expansion.
The China Continuous Glucose Monitoring Devices Market is estimated to be valued at US$ 176.4 million in 2023 and is expected to exhibit a CAGR of 22.8 % during the forecast period (2023-2030).
Prominent Companies in the China Continuous Glucose Monitoring Devices Industry:
1. Medtronic PLC,
Medtronic PLC, founded in 1949 and its headquarters Dublin, Ireland. The company operates in 150 countries.
2. Abbott Laboratories
Abbott Laboratories founded in 1888, and its Headquarters located in Chicago, Illinois, United States . The company operates in 160 nations. n 2020, Abbott accounted for approximately 78 percent of China's continuous glucose monitoring (CGM) system market.
3. Medtrum Technologies
Medtrum Technologies was launch in 2008 and it’s headquarter located Shanghai, People's Republic Of China.it operate over 45 country.
4. Senseonics
Senseonics was launch in 1996 and it’s headquarters in Germantown, Maryland, the US .it operate over 125 country. In 2018 Senseonics (Senseonics Inc., Germantown, MD, USA) launched the Eversense, the first implantable CGM system
5. NXP Semiconductors
NXP Semiconductors was founded 2006 with its headquarters in Eindhoven, Netherlands. With businesses in over 30 countries.
6. Qualcomm
Qualcomm was launch in 1985 and it’s headquarters in San Diego, California, United States.it operate over 40 country. Bausch Health Companies Inc Launch of PLENVU, the First and Only 1-Liter PEG Bowel Cleansing Preparation for Colonoscopies
7. Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited was founded 1987 with its headquarters in Hsinchu, Taiwan.
Definition- Continuous glucose monitoring (CGM) devices provide insights into the glucose levels of diabetic patients throughout the day. CGM devices are mostly used by patients with type 1 and type 2 diabetes for better glucose control to improve health and quality of life. Moreover, the integration of smartphones for easy diabetes management and cloud-based data storage are key features of the currently available CGM devices which have contributed to the drastic adoption of the CGM systems. The CGM devices display a complete picture of glucose trends with a graphical display and customizable alerts to indicate the disturbances in glucose status.
