Unlocking the Future of the Continuous Glucose Monitoring Devices Market: Growth Rate, Key Trends, and Opportunities for 2025-2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
Analyzing the Growth Rate of the Continuous Glucose Monitoring Devices Market: What’s the Expected CAGR for the Next Decade?
The market size for continuous glucose monitoring devices has seen a swift surge in recent years. Projections show an increase from $8.41 billion in 2024 to $9.86 billion by 2025, recording a compound annual growth rate (CAGR) of 17.22%. This rise during the historic period is due to factors like improved patient safety and health outcomes, a surge in the demand for diabetes regulating devices, amplified usage of CGM devices, an increase in the diabetic patient population, and heightened patient trust.
In the coming years, the market for continuous glucose monitoring devices is predicted to expand rapidly, reaching a value of $18.45 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 16.96%. The expected growth during this period can be linked to factors such as increased health care expenditures, growing awareness, a rise in diabetes cases, a higher prevalence of the condition, and the escalating popularity of continuous glucose monitoring devices. Key trends forecasted for this period include technological advancements and innovation in CGM technology, as well as strategic maneuvers like mergers, acquisitions, regulatory approvals, and partnerships or collaborations.
Which Factors Are Enhancing the Growth of the Continuous Glucose Monitoring Devices Market?
The continuous glucose monitoring devices market is projected to expand in correlation with the rising prevalence of diabetes, a disorder characterized by the body’s inability to adequately regulate blood sugar levels due to deficient insulin production or resistance. This rise can be largely attributed to unhealthy diet, sedentary behaviors, obesity, aging demographics, and hereditary factors. By offering real-time data on blood glucose levels, continuous glucose monitoring (CGM) devices aid in the management of diabetes, allowing for prompt adjustments to treatment and lifestyle. For instance, the Office for Health Improvement & Disparities, a UK government department, reported in March 2024 that between March 2022 and 2023, there was a 22% increase in the number of individuals with type 1 diabetes receiving all eight suggested care procedures, and a 21% rise in the case of type 2 diabetes. Furthermore, the percentage of people achieving target HbA1c levels climbed to 37.9%, according to the National Diabetes Audit, marking the highest ever recorded figure. Consequently, the rising rate of diabetes is fueling the growth of the continuous glucose monitoring devices market.
Explore Comprehensive Insights Into The Global Continuous Glucose Monitoring Devices Market With A Free Sample Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20733&type=smp
What Are the Leading Organizations Impacting the Continuous Glucose Monitoring Devices Market’s Growth?
Major companies operating in the continuous glucose monitoring devices market are:
• Johnson & Johnson_x000D_
• F. Hoffmann-La Roche AG_x000D_
• Sanofi S.A._x000D_
• Abbott Laboratories_x000D_
• Medtronic Public Limited Company_x000D_
What Are the Most Prominent Trends Driving Change in the Continuous Glucose Monitoring Devices Market?
Key players in the continuous glucose monitoring device market are focused on the development of innovative technologies like over-the-counter continuous glucose monitors. These devices, designed to enhance accuracy, accessibility, and user-friendliness, enable individuals to keep tabs on their blood sugar levels without needing a doctor’s prescription. As an illustration, in September 2024, Abbott Laboratories, a prominent medical device company in the US, introduced the Lingo continuous glucose monitoring (CGM) system. The device monitors glucose levels in real-time, giving users instant feedback about their blood sugar levels throughout the day. It sports a sleek, user-friendly design with easy-to-understand displays and can be easily integrated with mobile apps to track trends and receive alerts.
Secure Your Global Continuous Glucose Monitoring Devices Market Report Now for Fast and Efficient Delivery!
What Are the Core Segments of the Continuous Glucose Monitoring Devices Market, and How Do They Contribute to Growth?
The continuous glucose monitoring devices market covered in this report is segmented –
1) By Component: Transmitters, Sensors, Receivers
2) By Connectivity: Bluetooth, 4G
3) By Demography: Child Population, Adult Population
4) By Application: Gestational Diabetes, Type-2 Diabetes, Type-1 Diabetes
5) By End-Use: Hospitals, Homecare Settings, Other End Users
Subsegments:
1) By Transmitters: Bluetooth-Enabled Transmitters, Wireless Transmitters, Integrated Transmitter-Receiver Systems
2) By Sensors: Enzyme-Based Sensors, Electrochemical Sensors, Non-Invasive Sensors
3) By Receivers: Mobile Device Integration (Smartphone Receivers), Standalone Receivers, Cloud-Based Data Sync Receivers
What Regions Are Leading the Charge in the Continuous Glucose Monitoring Devices Market?
North America was the largest region in the continuous glucose monitoring devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous glucose monitoring devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Is the Continuous Glucose Monitoring Devices Market Categorized and Defined in the Industry?
Continuous glucose monitoring (CGM) devices track blood sugar levels in real time via a sensor under the skin. They provide continuous data, trend insights, and alerts for highs and lows, helping manage diabetes effectively. These devices reduce the need for frequent finger pricks and enhance glucose control.
Browse Through More Similar Reports By The Business Research Company:
Blood Glucose Meters Global Market Report 2025
https://thebusinessresearchcompany.com/report/blood-glucose-meters-global-market-report
Global Blood Glucose Test Strips Opportunities And Strategies Global Market Report 2025
https://thebusinessresearchcompany.com/report/blood-glucose-test-strips-market
Continous Blood Glucose Monitoring Global Global Market Report 2025
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
