Market Challenges And Opportunities

Patient discomfort due to continuous glucose monitoring devices

Even though continuous glucose monitoring devices can reduce pain in customers with their minimally invasive technique, several discomforts like information overload and skin irritation can restrain the growth of the market. For instance, according to an article published by the Association Of Diabetes Care And Education Specialists on July 23, 2020, potential disadvantages with continuous glucose monitoring devices are that it may require calibration with fingerstick glucose, need to remember to scan an intermittently-scanned device it can be complicated to learn for elderly patients and alarm fatigue – the condition in which device users are repeatedly bothered by frequent and/or false alarms can be observed. Also, there can be skin irritation due to the constant presence of sensors on/in the body.

To counterbalance this restrain, more user-friendly devices should be prepared that will be easy to learn and comfortable to wear.

Lack of reimbursement policies

Price associated with continuous glucose monitoring devices is very high. These devices are not reimbursed by government schemes which may inhibit the growth of the market. For instance, according to an article published by the International Journal of Nursing Practice on April 13, 2023, Social Health Insurance system in China does not cover blood glucose testing tools. The glucose management course is also expensive and not reimbursable.

To counterbalance this restraint, more reimbursement policies should be introduced by the government.

China Continuous Glucose Monitoring Devices Market : Restraint