Global Continuous Glucose Monitoring Systems Market Overview:
The continuous glucose monitoring system is an effective way to monitor sugar levels to understand how blood sugar is changing throughout the day and to understand the state of glycemic excursions in a patient. Continuous glucose monitoring systems is an advanced way for people living with diabetes to monitor glucose readings or check glucose readings in real-time over a period of time. The continuous glucose monitoring system will automatically receive glucose readings every 5 minutes. Diabetes is increasing worldwide that indirectly is anticipated the growth of the continuous glucose monitoring system market in the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Adoption of Continuous Glucose Monitoring Systems in Hospitals
Market Growth Drivers:
Increasing Healthcare Industry and Rising Healthcare Expenditure in Developed and Developing Countries and Rising Healthcare Spending and Increasing Diabetic Population across the Globe
Restraints:
Stringent Regulatory Approvals of Continuous Glucose Monitoring System
Opportunities:
Technological Advancement and Research & Development in the Continuous Glucose Monitoring System
Competitive Landscape:
Some of the key players profiled in the report are Dexcom, Inc. (United States), Abbott Laboratories (United States), Medtronic (Ireland), Senseonics Holdings (United States), GlySens Incorporated (United States), Dun & Bradstreet, Inc. (United States), San Meditech (China) and A. Menarini Diagnostics sr (Italy). The Players having a strong hold in the market are Dexcom, Inc., Abbott Laboratories, Medtronic, and Senseonics Holdings. Analyst at AMA Research see United States Players to retain maximum share of Global Continuous Glucose Monitoring Systems market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Online Pharmacies will boost the Continuous Glucose Monitoring Systems market. Considering Market by Component, the sub-segment i.e. Sensors will boost the Continuous Glucose Monitoring Systems market. Considering Market by End User, the sub-segment i.e. Clinics will boost the Continuous Glucose Monitoring Systems market.
Latest Market Insights:
On 4th Jan. 2018, Abbott has announced that the FreeStyle Libre System, the company's revolutionary new continuous glucose monitoring (CGM) system, is now available to Medicare patients, having met the codes for therapeutic CGM systems used for coverage by the U.S. Centers for Medicare & Medicaid Services (CMS).
What Can be Explored with the Continuous Glucose Monitoring Systems Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Continuous Glucose Monitoring Systems Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Continuous Glucose Monitoring Systems
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Continuous Glucose Monitoring Systems market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Continuous Glucose Monitoring Systems market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hospitals, Physician Practices, and IDNs, Post-acute Organizations, Ambulatory Settings, Regulatory & Government Bodies, Private Insurance Companies and Other.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.