DIABETES MONITORING DEVICES MARKET ANALYSIS

Regional Analysis

Global Diabetes Monitoring Devices Market- Regional Insights

• North America is expected to be the largest market for diabetes monitoring devices market during the forecast period, accounting for over 35.8% of the market share in 2022. The growth of the market in North America is due to government initiatives undertaken for the prevention of diabetes. In particular, alternate point of care testing is fueling increased demand for self-monitoring solutions in North America.
• The Europe market is expected to be the second-largest market for diabetes monitoring devices market, accounting for over 28.7% of the market share in 2022. The growth of the market in Europe is due to the convenience and accuracy of continuous glucose monitoring (CGM) sensors in tracking glucose fluctuations throughout the day and night without multiple calibrations has made these devices very popular with diabetic patients in Europe.
• The Asia Pacific market is expected to be the fastest-growing market for diabetes monitoring devices market, with a CAGR of over 8.0% during the forecast period. A key driver of CGM's growth in the region has been the willingness of public insurers to cover their costs.

Figure 1. Global Diabetes Monitoring Devices Market Share (%), By Region, 2023

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East & Africa: GCC Countries, Israel, South Africa, North Africa, and Central Africa and Rest of Middle East