Market Size
Continuous Glucose Monitoring (CGM) Market is at a High CAGR during the forecast period (2024-2031) to reach a value of US$ million in 2031.
Continuous Glucose Monitoring (CGM) devices are medical tools designed to continuously track glucose levels in real-time for individuals with diabetes. By providing ongoing data, CGM devices help users make informed decisions about insulin doses, diet, and lifestyle choices to better manage and maintain optimal blood glucose levels.
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Market Dynamics
Increasing prevalence of diabetes
As the number of individuals diagnosed with diabetes rises, the demand for effective glucose-monitoring solutions continues to grow. Continuous Glucose Monitoring (CGM) devices provide real-time, continuous data, offering a more comprehensive view of glucose levels compared to traditional intermittent methods. CGM enables both individuals and healthcare professionals to better understand blood glucose patterns and fluctuations throughout the day.
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Market is segmented
By Components: Sensors, Transmitters, Receivers/Displays, Insulin Pumps Integration, Others
By Application: Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes
By End User: Hospitals & Clinics, Homecare Settings, Diagnostic Centers, Others
By Region: North America, Europe, South America, Asia Pacific, Middle East, and Africa
Key Developments
- Abbott Laboratories
- Medtronic Plc
- Medtrum Technologies Inc
- Biolinq Incorporated
- Dexcom, Inc.
- Menarini Diagnostics S.r.l.
- Ypsomed AG
- Senseonics Holdings, Inc
- Nemaura
- LifeScan IP Holdings, LLC
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