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How Has the Continuous Glucose Monitor System Market Size Changed, over the years?
The market scale for continuous glucose monitor (CGM) systems has seen a swift expansion in the past years, escalating from $8.83 billion in 2024 to an estimated $9.67 billion in 2025, with a compound annual growth rate (CAGR) of 15.4%. The surge during the historical phase is tied to factors such as the increase in aging population, heightened knowledge about diabetes control, growth in disposable income, greater investment in research and development, and a rise in healthcare spending.
How Much Will the Continuous Glucose Monitor System Market Be Worth in 2029?
In the coming years, the market size for continuous glucose monitor (CGM) systems is forecasted to experience rapid expansion. It is projected to reach a value of $17.00 billion by 2029, growing at a compound annual growth rate (CAGR) of 15.1%. The expected surge during this prediction period can be credited to several factors: the rising occurrence of diabetes, escalating obesity cases, growing socio-economic shifts, expanding clinical trials, and surging urbanization. Looking at the trends for this forecast period, we see increased integration with smart appliances, more utilization of artificial intelligence (AI), the promotion of non-invasive monitoring solutions, broadening in wearable technology, emergence of telemedicine, and the expansion of remote health care solutions.
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Which is the Largest Company in the Continuous Glucose Monitor System Market?
Major companies operating in the continuous glucose monitor system market are Abbott Corporation, Medtronic PLC, Murata Manufacturing Co. Ltd., Dexcom Inc., Sinocare Inc., Tandem Diabetes Care Inc., Ascensia Diabetes Care Holdings AG, Glooko Inc., DarioHealth Corp., Menarini Diagnostics SRL, Senseonics Holdings Inc., WaveForm Technologies Inc., Medtrum Technologies Inc., Biolinq Incorporated, Ultrahuman Inc., GlySens Incorporated, Glucotrack, EOFLOW CO. LTD., Nemaura Medical Inc., Meiqi Medical Equipment, Nipro Diagnostics UK Limited
What Are the Main Market Drivers in the Continuous Glucose Monitor System Industry?
The anticipated surge in diabetes cases is predicted to stimulate the expansion of the continuous glucose monitor system market in the future. Diabetes, a long-term health issue marked by elevated blood sugar levels, is the result of the body’s inability to efficiently produce or utilize insulin. The escalation in diabetes is mainly due to factors like rising obesity rates, unhealthy eating habits, lack of physical exercise, and an older population. Continuous Glucose Monitoring (CGM) systems offer real-time sugar readings, assisting in diabetes management by recognizing patterns and notifying users about irregular levels. These systems not only improve blood sugar control but also lessen the necessity for regular finger prick tests. The National Health Service, a government department based in the UK, reported in June 2024 that the NHS found more than half a million (549,000) new potential type 2 diabetes cases in England in 2023. This increased the total count of people with non-diabetic hyperglycemia, or pre-diabetes, registered with a GP to 3,615,330 marking a substantial rise compared to 3,065,825 in 2022, which indicates a nearly 20% increase. As a result, the surge in diabetes cases is propelling the growth of the continuous glucose monitor system market.
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How Is the Continuous Glucose Monitor System Market Segments Structured?
The continuous glucose monitor system market covered in this report is segmented –
1) By Component: Transmitters, Receivers, Sensor
2) By Technology: Real Time Continuous Glucose Monitoring, Intermittently Scanned Continuous Glucose Monitoring
3) By Demography: Child Population, Adult Population
4) By Application: Type-1 Diabetes, Type-2 Diabetes, Gestational Diabetes
5) By End-User: Diagnostics Centers, Hospitals, Clinics, Intensive Care Unit (ICUs), Home Healthcare
Subsegments:
1) By Transmitters: Bluetooth-Enabled Transmitters, Wireless Transmitters
2) By Receivers: Dedicated Devices (CGM Receiver), Smartphone-Based Receivers, Cloud-Connected Receivers
3) By Sensor: Enzyme-Based Sensors, Non-Enzyme-Based Sensors, Electrochemical Sensors
What Strategic Trends Are Transforming the Continuous Glucose Monitor System Market?
Many dominant firms in the continuous glucose monitor system market are directing their efforts towards innovating superior over-the-counter continuous glucose monitors (CGMs) to bolster accessibility and broaden their connections with non-prescription clientele. An over-the-counter (OTC) continuous glucose monitor (CGM) is an instrument that continually tracks glucose measurements without requiring a doctor’s prescription. It grants users with a simple, convenient methodology to personally monitor their glucose levels. In September 2024, for instance, the US-based medical device establishment, Abbott Laboratories, unveiled Lingo in America. Crafted for adults who are not diabetic, Lingo permits users to monitor their glucose levels, providing crucial information on how diet and exercise influence holistic health. Lingo can be worn for up to 14 days, promoting Abbott’s agenda to penetrate the rising market of individuals concentrating on prediabetes care and wellbeing, avoiding the necessity for a prescription.
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Which Global Regions Offer the Highest Growth in the Continuous Glucose Monitor System Market?
North America was the largest region in the continuous glucose monitor (CGM) system market in 2024. The regions covered in the continuous glucose monitor system 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 monitor system market, and how is it changing globally?
2. Who are the major companies in the continuous glucose monitor system market, and how are they performing?
3. What are the key opportunities and risks in the continuous glucose monitor system market right now?
4. Which products or customer segments are growing the most in the continuous glucose monitor system market?
5. What factors are helping or slowing down the growth of the continuous glucose monitor system market?
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