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How Has the Continuous Glucose Monitoring Devices Market Grown from 2024 to 2025?

The market size for continuous glucose monitoring devices has seen substantial growth in recent years. The market is projected to expand from $8.41 billion in 2024 to $9.86 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 17.22%. The surge witnessed in the historic period can be credited to factors such as enhanced patient safety and improved healthcare results, increased demand for devices used in managing diabetes, amplified usage of continuous glucose monitoring (CGM) devices, a rise in diabetes patient count, and growth in patient trust.

What Growth Rate Is Anticipated for the Continuous Glucose Monitoring Devices Market in the Coming Years?

In the coming years, the market size for continuous glucose monitoring devices is anticipated to experience swift growth. The projected growth will reach $18.45 billion by 2029, with a compound annual growth rate (CAGR) of 16.96%. This anticipated growth during the forecast period can be attributed to factors such as increased healthcare expenditures, rising awareness, a surge in the number of diabetes diagnoses, growing prevalence of the illness, and a rise in the popularity of continuous glucose monitoring devices. Noteworthy trends predicted for the forecast period encompass technological progress, breakthroughs in CGM technologies, mergers and takeovers, regulatory approvals, and strategic partnerships and collaborations.

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Who Are the Leading Companies in the Continuous Glucose Monitoring Devices Market?

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.

What Are the Key Drivers of the Continuous Glucose Monitoring Devices Market?

The continued rise in diabetes cases is likely to spur the expansion of the continuous glucose monitoring devices market. Diabetes is a disease characterized by the body’s inability to adequately control blood sugar levels, either due to insufficient insulin production or resistance to insulin. Factors such as poor dietary habits, inactive lifestyles, obesity, aging populations, and genetic susceptibility primarily contribute to the surge in diabetes. Continuous glucose monitoring (CGM) devices contribute to diabetes management by providing real-time information on blood sugar levels, thereby allowing timely modifications to treatment and lifestyle. For example, data from the UK’s Office for Health Improvement & Disparities stated that in March 2024, the proportion of individuals with type 1 diabetes receiving all eight recommended care processes expanded by 22%, and for individuals with type 2 diabetes, the growth was 21%. Simultaneously, the percentage of individuals reaching target HbA1c levels escalated to 37.9%, the top value ever recorded by the National Diabetes Audit (NDA). As a result, the persistent prevalence of diabetes is driving the continuous glucose monitoring devices market’s growth.

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What Are the Key Market Segments in the Continuous Glucose Monitoring Devices Industry?

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 Are the Latest Trends in the Continuous Glucose Monitoring Devices Market?

Major corporations in the continuous glucose monitoring gadgets market are concentrating on the creation of innovative technologies, such as over-the-counter continuous glucose monitors. They aim to improve accuracy, accessibility, and user-friendliness in maintaining blood glucose concentrations. Over-the-counter continuous glucose monitors are tools that allow individuals to continuously monitor their blood sugar levels without a prescription. For example, Abbott Laboratories, a medical device corporation based in the United States, introduced a Lingo continuous glucose monitoring (CGM) system in September 2024. This system provides real-time data on glucose levels to its users. The device enables continuous, real-time glucose monitoring and offers immediate updates on blood sugar levels throughout the day. It boasts a sleek, user-friendly layout with easy-to-read screens and easily syncs with mobile applications for monitoring patterns and receiving notifications.

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What Are the Key Regional Markets in the Continuous Glucose Monitoring Devices Industry?

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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This Report Delivers Insight On:

1. How big is the continuous glucose monitoring devices market, and how is it changing globally?

2. Who are the major companies in the continuous glucose monitoring devices market, and how are they performing?

3. What are the key opportunities and risks in the continuous glucose monitoring devices market right now?

4. Which products or customer segments are growing the most in the continuous glucose monitoring devices market?

5. What factors are helping or slowing down the growth of the continuous glucose monitoring devices market?

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