Uploaded on Jun 29, 2020
The global Continuous Glucose Monitoring Device Market size is expected to reach USD 12.18 billion by 2026 according to a new study by Polaris Market Research. The report “Continuous Glucose Monitoring Device Market Share, Size, Trends, Industry Analysis Report By Component (Transmitters & Receivers, Sensors, Insulin Pumps); By End-Use (Hospitals, Homecare Diagnostics); By Regions (North America, Europe, Asia Pacific, Middle East & Africa, Latin America); Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Continuous Glucose Monitoring Device Market size 2020-2026
Continuous Glucose Monitoring
Device Market
Set to Exceed $12.18 Billion By 2026 | CAGR 15.8%
“Continuous Glucose Monitoring Device Market Share, Size,
Trends, Industry Analysis Report By Component Type
(Transmitters & Receivers, Sensors, Insulin Pumps); By End-
Use (Hospitals, Homecare Diagnostics); By Regions (North
America, Europe, Asia Pacific, Middle East & Africa, Latin
America); Segment Forecast, 2020 - 2026”
Continuous Glucose Monitoring Device Market Estimate & Forecast to 2026
The global Continuous Glucose Monitoring Device Market size is expected to reach USD
12.18 billion by 2026 according to a new study by Polaris Market Research.
Continuous Glucose Monitoring Device have witnessed tremendous growth in the recent
past and this trend is expected to continue from 2020 to 2026. Health agencies as well as
governments have issued health advisories which explicitly mention that people suffering
from diabetes are at high risk of corona virus infection. Experts have also specifically
mentioned that continuous monitoring of blood glucose levels to avoid worsening of
conditions. CGM is expected to benefit from such trends.
In order to cope with the rising demand for COVID-19 tests, companies such as Abbot have
customized their production lines and manufacturing schedules to produce corona virus test
kits. However, such companies have stressed on the fact that the production of other
products such as CGM will not be hampered. It is expected that there will be exponential rise
in demand for CGM products in the next few years. As of now, healthcare has become of
prime importance and there is rising importance of preventive healthcare. Ease of usage of
CGM products, easy availability coupled with COVID-19 scare is expected to fuel the market
growth.
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Continuous Glucose Monitoring Device Market Scope
By Component Type By End-Use By Region
•Transmitters & Receivers • Hospitals •North America (U.S., Canada)
•Sensors • Homecare Diagnostics •Europe (Germany, UK, France, Italy,
•Insulin Pumps • Others Spain)
•Asia Pacific (China, India, Japan, South
Korea)
•Latin America (Brazil, Mexico, Colombia)
•MEA (Saudi Arabia, South Africa, Israel,
UAE)
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Continuous Glucose Monitoring Device Market Estimate & Forecast to 2026
The regulatory framework is one of the most restraining factors pertaining to
pharmaceutical, biotechnology and medical technology industry. Absence of clear regulatory
framework/guidelines for the diagnostic sector in developing countries such as India and
China where the CGM market has great growth potential due to the presence of a large
patient base is anticipated to impede growth in the coming years. The presence of such
discrete and uncertain scenario about the regulations for CGM devices creates confusion
among CGM manufacturers regarding commercialization.
Access Research Report On Continuous Glucose Monitoring Device Market
North America emerged as the largest market in 2019 and the regional market is expected
to dominate the market up to the end of the forecast period i.e. 2026. Strong presence of
market participants, high awareness regarding device usage and high inclination towards
preventive healthcare are some of the factors benefitting the regional market growth.
Companies such as Senseonics Holdings, Inc., Insulet Corporation, Bayer AG, Ypsomed
Holding AG, LifeScan, Novo Nordisk, Medtronic PLC, Dexcom Inc., Abbott Diagnostics Inc.,
and Roche Diagnostics are some of the key players operating in the Continuous Glucose
Monitoring Device Market.
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Continuous Glucose Monitoring Device Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
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