Continuous Glucose Monitoring Market Growth: Investment Opportunities and Analysis
The Continuous
Glucose Monitoring Market size was valued at USD 7.6 Bn in 2022 and is
expected to reach USD 10.56 Bn by 2030 and grow at a CAGR of 4.2% over the
forecast period of 2023-2030.
The continuous glucose monitoring market has witnessed
significant growth in recent years, driven by the increasing prevalence of
diabetes and the need for effective management of blood glucose levels.
Continuous glucose monitoring (CGM) devices offer real-time monitoring of
glucose levels, providing valuable insights to both patients and healthcare
professionals.
One of the key factors contributing to the growth of this
market is the rising awareness about diabetes and its complications. With an
increasing number of individuals being diagnosed with diabetes worldwide, there
is a growing demand for advanced technologies that can help in better managing
the disease. CGM devices have emerged as a game-changer in this regard, as they
provide continuous data on glucose levels, allowing for timely interventions
and adjustments in treatment plans.
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Moreover, technological advancements have played a crucial
role in driving market growth. CGM devices have evolved from bulky and invasive
systems to more compact and user-friendly options. The introduction of
minimally invasive sensors that can be worn on the body for extended periods
has significantly improved patient comfort and compliance.
Key Market Segmentation:
By Component
·
Sensors
·
Transmitters
·
Receivers
By End-Use Outlook
·
Hospitals
·
Home Care
·
Others
By Connectivity Outlook
·
Bluetooth
·
4G
Key players
The
major key players are Dexcom Inc, Medtronic Inc, Abbott laboratories, Ypsomed
AG, GlySens Incorporated, Ascensia Diabetes Care, F. Hoffmann-La Roche Ltd.,
and other players.
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