Global Continuous Glucose Monitoring Market by Demographics, by Component, by End-Users, Region and Segment, Forecasts 2020–2026

The Global Continuous Glucose Monitoring Market was valued at USD 425.2 Million in 2018, and is set to grow at CAGR of 12.5% over the forecast period 2020–2026. Key factors like surging cases of diabetes, increasing geriatric population and increasing adoption of continuous glucose monitoring (CGM) devices are driving the market growth.

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The continuous glucose monitoring systems market is categorized based on component, demographics, end user, and region. Based on component, the market is segmented into transmitters & receivers and integrated insulin pumps; and sensors. On the basis of demographics, CGMS are categorized into child population (≤14 years) and adult population (>14 years). Based on end user, it is classified into clinics and diagnostics centers, ICUs, and home healthcare. Region wise the continuous glucose monitoring systems market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

On the basis of component, the continuous glucose monitoring systems market is segmented into durable components such as transmitters & receivers and integrated insulin pumps; and disposable components such as sensors. The sensors segment was the major revenue contributor in 2019, and is anticipated to continue this trend during the forecast period, owing to recurring sales of CGMS, short scrap life, and bulk purchases. Therefore, it is deployed in diagnostic centers/clinics. Moreover, the adoption of CGMS in hospital ICUs and in-home healthcare settings has increased in the recent years.

Market Trends, Drivers, Restraints and Opportunity:

Increasing prevalence of diabetes and high adoption of glucose monitoring devices is likely to enhance the market growth throughout the forecast span. Moreover, improvements in medical infrastructure and effective diabetes management is more likely to propel the dynamics for market share
Rise in geriatric population and demand for CGM devices helps in lessening the risk of hypoglycaemia and hyperglycaemia
Presence of key players and business policies are enabling market opportunities further contributing in an all-round market development
Moreover, rising rate of obesity, sedentary lifestyles and increase in millennial population with demand for advanced medical treatment is likely to create market opportunities in the forthcoming years
On contrary, lack of awareness and dearth of medical facilities in developing countries is restricting the market growth