Continuous Glucose Monitoring Devices Market, By Component (Sensors, Transmitters, and Receivers), By End User (Hospitals, Home care, and Others), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI57

Pages :190

Formats :

Excel and PDF

Industry : Medical Devices

Continuous Glucose Monitoring Devices MarketSize and Trends

The global continuous glucose monitoring devices market was valued at US$ 5.89 Bn in 2022 and is forecast to reach a value of US$ 12.51 Bn by 2030 at a CAGR of 9.9% between 2023 and 2030.

Global Continuous Glucose Monitoring Devices Market Trends:

Increasing awareness among people is a recent trend

Growing awareness among people about the benefits of CGM device, such as minimally invasive, speedy and accurate results, and pain free, among others. This in turn leads to increasing demand for these devices. According to the American Diabetes Association, around 133 Billion Americans live with diabetes or prediabetes. More than 10 Billion Americans (or 31%) are treated with insulin and stand to benefit from a continuous glucose monitors. This trend is expected to continue during the forecast period, driving the market growth.

Global Continuous Glucose Monitoring Devices Market Segmentation:

The global continuous glucose monitoring devices market report is segmented into Component, End User, and Region.

Based on Component, the market is segmented into Sensors, Transmitters, and Receivers. Out of which, Sensors Segment is expected to dominate the continuous glucose monitoring devices market over the forecast period and this is attributed to the increasing demand for CGMs. Sensors are the most important part of CGM devices. Continuous glucose monitoring sensors use glucose oxidase to detect blood sugar (glucose) levels.

Receivers Segment is also expected to witness significant growth in the near future and this is owing to the increasing adoption of digital diabetes care devices.

Based on End User, the market is segmented into Hospitals, Home Care, and Others. Out of which, Hospitals Segment is expected to dominate the market during the forecast period and this is attributed to the rise in burden of diabetes across the globe.

Home Care Segment is also expected to witness significant growth in the near future and this is owing to increasing adoption of portable diabetes care devices.