Global Continuous Glucose Monitoring (CGM) Market Overview:
The Global Continuous Glucose Monitoring Market was valued at USD 12.8 billion in 2017 and is anticipated to reach USD 20.7 billion in 2022, at a CAGR of 10.1% during the forecast period. Real-time values of the glucose levels can be obtained through continuous glucose monitoring which helps to manage diabetes and alerts to the patient in the event of hypo or hyperglycemia. This helps to reduce the possibility of any complications associated to diabetes. Additionally, continuous glucose monitoring market offers varied benefits in monitoring the blood glucose levels of ICU patients.
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Drivers and Restraints:
The main aspects that drive the development include surge in geriatric population and high prevalence of population which suffering from diabetes. Though, lack of adequate reimbursement for devices is the key barrier to the adoption of the devices. Increasing cases of diabetes and introduction of novel and advanced diabetes care devices are the main factors driving the market growth. Continuous glucose monitoring devices provide an efficient method to measure body glucose levels in real time. Data taken by these devices is transmitted through a wireless network to receivers as this helps keep the track of glucose levels over a designated period.
Geographically, Global Continuous Glucose Monitoring Market has been divided into several regions like Europe, North America, and Asia pacific and Latin America, Middle East and Africa. Global Continuous Glucose Monitoring Market has been mainly dominated by North America followed by Europe. Europe is expected to become the second-largest share to the Market.
Global Continuous Glucose Monitoring Market report analysis includes major companies like Dexcom, Inc., Bayer Ag, Glysens Incorporated, Abbott Laboratories, Insulet Corporation, Nova Biomedical Corporation, Medtronic, Inc., and Enseonics Inc.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the aspects influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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