Global Glucose Monitoring Devices Strategic Business Report 2023: CGM Market Gradually Breaks through Barriers to Adoption

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Feb 21, 2023, 17:30 ET

DUBLIN, Feb. 21, 2023 /PRNewswire/ -- The "Glucose Monitoring Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Glucose Monitoring Devices estimated at US$13.1 Billion in the year 2022, is projected to reach a revised size of US$19.2 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030.

Self-Monitoring Devices, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$11.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Continuous Blood Glucose Monitoring Devices segment is readjusted to a revised 6.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.6 Billion, While China is Forecast to Grow at 8% CAGR

The Glucose Monitoring Devices market in the U.S. is estimated at US$3.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2030 trailing a CAGR of 8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Select Competitors (Total 32 Featured) -

Abbott Diabetes Care, Inc.
ACON Laboratories, Inc.
AgaMatrix, Inc.
Alive Technologies Pty. Ltd.
ARKRAY, Inc.
Ascensia Diabetes Care Holdings AG
B. Braun Melsungen AG
Beurer GmbH
Dexcom, Inc.
GlySens Inc.
LifeScan, Inc.
Medtronic plc
Nova Biomedical Corporation
Omron Healthcare Co., Ltd.
Roche Diagnostics
Senseonics Holdings, Inc.
Terumo Corporation
Trividia Health, Inc.
Ypsomed Holding AG

What`s New for 2023?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Glucose Monitoring Devices: Enabling Easier and Efficient Monitoring of the Global Diabetes Epidemic
Growth Drivers in a Nutshell
Recent Market Activity
Glucose Monitoring Undergoes Notable Transformation over the Years: An Evolutionary Scan
Evolution of Diabetes Testing over the Years with Key Features in Each Period
Diabetes Incidence Reaching Epidemic Proportions Worldwide: Foundation for Market Growth
Diabetes: One of the Leading Causes of Death Globally
Diabetes Incidence and Prevalence by Region/Country
Global Market Outlook
Developed Countries are Dominant Markets, while Developing Countries Spearhead Market Growth
Glucose Monitoring Devices - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Growing Popularity of Smart, Compact, Digital, Ergonomic, and Wireless Glucose Monitors Drive Healthy Market Growth
Select Disruptive Glucose Monitors Promising Reduced Pain, Lesser Data Load, and Zero Worries
Innovative Smart Glucometers for Sugar Monitoring
Need for Real-Time Glucose Sensing and Monitoring Drive Strong Demand for Minimally-Invasive CGM Devices
Myriad Benefits of CGMs
CGM Market Gradually Breaks through Barriers to Adoption
Intensive Care Units: A Highly Promising Market for CGMs
Key Challenges Hampering Widespread Adoption of CGM Systems
Despite Competition from CGM Systems, SGM Devices Continue to Dominate Sales
Blood Glucose Test Strips: The Largest Segment
Cost: The Ultimate Factor Favoring Growth in Demand for Blood Glucose Monitoring Systems
Self-Monitoring/Household Blood Glucose:Sustaining Growth in Demand
Key Trends in the Glucose Meter/Monitoring Systems
Smartphone Penetration Favors SMBG Market
Barriers to Adoption of New Technology in BGM Products
Accuracy Issues Plague Blood Glucose Meters Market
Advancements in Glucose Monitoring Devices Offers a New Ray of Hope
Undiagnosed Diabetes: A Major Healthcare Challenge Offering Huge Untapped Potential
Undiagnosed Diabetics: More Prone to Cardiovascular Diseases
Increased Vulnerability of Diabetics to Various Health Complications Drives the Need for Timely Glucose Monitoring
Non-Insulin-Dependent Diabetes Mellitus (NIDDM) Lead to Cardiovascular Complications
Higher Risk of Diabetes in the Fast Expanding Aging Population Benefit Market Expansion
Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
Increasing Healthcare Expenditure Boosts Demand for SGM and CGM Devices
Increasing Obesity Levels Underpins Market Growth
K'Track: Discreet and Painless Glucose- Monitoring Wearable
The Sugar iQ App Provide Predictive Diabetes Care
DIABNEXT CLIPSULIN: World's First A.I Tool for Diabetes
e-mosquito CGM Device
FreeStyle Libre Flash Glucose Monitoring System
MyDario Mobile Data Management Platform
The New Handheld RL-BGM Device
TOUCH TG
Pocket-Sized Gadgets
Digital Contact Lenses
Gamification
Leveraging Big Data
Digital Tattoos
OneTouch Verio Flex Monitoring System
Artificial Pancreas System (APS): The Next Big Thing in Glucose Monitoring
The First-of-its-Kind Artificial Pancreas by Medtronic
Non-invasive, Acetone Detecting Breathalyzer for Glucose Testing
Nanotechnology-based Breathalyzer for Non-Invasive Glucose Monitoring
EMG 1000: Needle-free Device for Glucose Monitoring
Glucase: Smartphone Case with Glucose Testing Kit
Painless Diabetes Monitoring Using NFC Technology
GlucoSense: Laser Device for Non-invasive Monitoring of Glucose Levels
ClearPath DS-120: Enabling Early Detection of Diabetes & Prediabetes
NoStripT Technology: Eliminating Need for Individual Test Strips
Other Innovative and Advanced Glucose Monitoring Systems
Notable Early-stage Investigative Glucose Monitoring Devices

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/44eda1

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