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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