The Future of theContinuous Glucose Monitor System Market: Growth Trends, Market Size, and Opportunities to Watch
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Continuous Glucose Monitoring Devices Market?
The surge in diabetes cases is predicted to stimulate the expansion of the continuous glucose monitoring devices market in the future. Diabetes, characterized by the body’s inability to adequately balance blood sugar levels due to inadequate insulin production or resistance, is primarily caused by factors like poor nutrition, inactive habits, obesity, advancing age, and genetic susceptibility. Continuous glucose monitoring (CGM) devices significantly aid in managing diabetes by offering real-time blood glucose level data that enables timely modification to treatment and lifestyle. For instance, the Office for Health Improvement & Disparities, a governmental department based in the UK, reported in March 2024 that the proportion of individuals with type 1 diabetes receiving all eight recommended care processes increased by 22% between March 2022 and March 2023, while for type 2 diabetes, it rose by 21 %. Furthermore, the percentage reaching the target HbA1c levels escalated to 37.9%, recording the highest ever in the National Diabetes Audit (NDA). Hence, the rising incidence of diabetes is fueling the growth of the continuous glucose monitoring devices market.
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#What Growth Opportunities Will Drive the Continuous Glucose Monitoring Devices Market’s CAGR Through 2034?
The market size for continuous glucose monitoring devices has experienced a swift growth in recent years. The market is projected to expand from a size of $8.41 billion in 2024 to reach $9.86 billion in 2025, showing a compound annual growth rate (CAGR) of 17.22%. The historic growth has been influenced by several factors such as enhanced patient safety and better health results, growing demand for diabetes management devices, the escalating use of CGM devices, a surge in the diabetic patient population, and a rise in patient confidence.
The market for continuous glucose monitoring devices is anticipated to witness swift expansion in the forthcoming years. The projected growth rate is set at 16.96%, leading to an overall market value of $18.45 billion by 2029. This significant growth forecast can be linked to factors such as escalated health care expenditures, growing awareness, rising rates of diabetes, increased prevalence of the condition, and a rising demand for continuous glucose monitoring devices. Key trends anticipated during this forecast period encompass technological advancements, innovations in Continuous Glucose Monitoring (CGM) technologies, strategic mergers and acquisitions, regulatory authorizations, as well as partnerships and collaborations.
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What Are the Most Significant Market Trends Transforming theContinuous Glucose Monitoring Devices Market?
Prominent companies are active in the market for continuous glucose monitoring devices, with a focus on evolving new technologies like over-the-counter continuous glucose monitors to improve the access, precision, and user-friendliness in managing blood sugar levels. Over-the-counter continuous glucose monitors are tools that permit people to constantly monitor their blood sugar levels without the need for a prescription. For example, in September 2024, the US-based medical device enterprise, Abbott Laboratories launched a product called Lingo continuous glucose monitoring (CGM) system, which is designed to supply users with real-time glucose information. This technology facilitates real-time, continuous tracking of glucose, giving users instant updates about their blood sugar levels anytime in the day. Its modern, user-friendly structure with clear displays syncs flawlessly with mobile apps to track trends and send alerts.
What Are the Top Market Players Propelling the Growth of theContinuous Glucose Monitoring Devices Industry?
Major companies operating in the continuous glucose monitoring devices market are Johnson & Johnson, F. Hoffmann-La Roche AG, Sanofi S.A., Abbott Laboratories, Medtronic Public Limited Company, Novo Nordisk A/S, Becton Dickinson and Company, A. Menarini Diagnostics S.r.l., Dexcom Inc., Bionime Corporation, Insulet Corporation, Ascensia Diabetes Care Holdings AG, Tandem Diabetes Care Inc., i-Sens Inc., Senseonics Holdings Inc., Medtrum Technologies Inc., Biolinq Inc., GlySens Incorporated, Glucotrack Inc., Nemaura Medical Inc.
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Which Primary Segments of the Continuous Glucose Monitoring Devices Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Continuous Glucose Monitoring Devices Market?# 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.
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