The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s continous blood glucose monitoring market report forecasts the continous blood glucose monitoring market size to grow to $18.83 Billion by 2027, with a CAGR (compound annual growth rate) of more than 10%.

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Continous Blood Glucose Monitoring Market Size Forecast
The global continous blood glucose monitoring market is expected to grow from $11.19 billion in 2022 to $12.5 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The continuous blood glucose monitoring market size is expected to grow to $18.83 billion in 2027 at a CAGR of 10.8%.

North America held the largest continous blood glucose monitoring market share.

Key Continous Blood Glucose Monitoring Market Driver ­– Increase In The Prevalence Of Diabetes
For instance, according to the International Diabetes Federation, in 2020, around 463 million adults were affected by diabetes, among which 10.0% of them had type 1 diabetes, and 90.0% had type 2 diabetes. Therefore, the increasing prevalence of diabetes is driving the growth of the continuous blood glucose monitoring market.

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Key Continous Blood Glucose Monitoring Market Trend – Technological Advancement
Major companies operating in the continuous blood glucose monitoring market are focused on developing advanced technological solutions to strengthen their position in the market. For instance, in 2020, Philips, a Netherlands-based health technology company that manufactures glucose monitoring devices launched non-invasive monitors for COPD patients based on ExpiraFlow technology. The non-invasive monitors help health care professionals to detect and screen the expiratory flow limitation and can also be used in optimal home care therapy.

Continous Blood Glucose Monitoring Market Segment
1) By Component: Insulin Pumps, Sensors, Transmitters, Receivers
2) By Application: Type 1 Diabetic Patients, Type 2 Diabetic Patients, Gestational Diabetes, Critical Care Patients
3) By End User: Hospitals, Homecare Diagnostics, Other End Users

Continous Blood Glucose Monitoring Market Major Players and Strategies
Major players in the continous blood glucose monitoring market are Roche, Lifescan, Medtronic, Abbott, GlySens Inc., Arkray, Senseonics Holdings Inc., Glysure Limited, Nemaura, Tandem Diabetes Care, Goldsite Diagonostics Inc., AgaMatrix Inc., B. Braun Melsungen, Ypsomed Holding AG, Terumo, and Orsense Ltd.

In August 2020, Medtronic PLC., an Ireland-based medical device company, acquired Companion Medical for an undisclosed amount. The acquisition is intended to allow Medtronic PLC. to extend its product line and provide people with a one-of-a-kind and expansive ecosystem of support for their diabetes. Companion Medical Inc. is a US-based company that manufactures smart insulin pens which are used to monitor blood glucose.

The Continous Blood Glucose Monitoring Global Market Report 2023 covers regional data on continous blood glucose monitoring market size, continous blood glucose monitoring market trends and drivers, opportunities, strategies, and continous blood glucose monitoring market competitor analysis. The countries covered in the continous blood glucose monitoring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A continuous blood glucose monitoring device enables a person to better regulate glucose levels throughout the day and experience fewer low blood glucose situations.

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