Continuous Glucose Monitoring Devices Market: Industry Overview and Forecast 2025

Continuous glucose monitoring (CGM) devices market size is estimated to flourish at a significant CAGR in the future

The latest trending report published by Crystal Market Research titled, Continuous Glucose Monitoring Devices Market, approximates that the Continuous glucose monitoring (CGM) devices market size is estimated to flourish at a significant CAGR in the future, and this is attributed to the escalation in need for this product across the globe along with novel innovations in the market.

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Continuous glucose monitoring (CGM) devices are used to measure glucose levels throughout the day and night. A sensor is placed under the skin which measures the glucose level in tissue fluid. A transmitter is connected to the sensor which transfers information via wireless radio frequency. This transmitter is connected to monitoring and display device. Diabetes is a chronic disease which is classified into type 1 and type 2. Diabetes occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin. The symptoms of diabetes are frequent urination, blurred vision, increased thirst, rapid weight loss, numbness or tingling sensation in hands or feet and increased hunger.

Market Scope:

North America held a major share of the overall market in 2015. This is attributed to factors such as high predominance of diabetes, growing geriatric population, and improving reimbursement policies. U.S. dominated the North American market owing to the presence of advanced healthcare infrastructure and high disposable income of Americans. Asia-Pacific will bring in significant growth opportunities over the forecast period as the awareness about patient monitoring systems is on the rise along with increased healthcare expenditure.

Key Findings of the Research Study:

Transmitters and receivers segment held the largest share of the global CGM devices market in 2016.
Insulin pumps segment will grow with the highest CAGR over the forecast period; these are highly recommended over multiple daily injections for most patients suffering from type 1 diabetes.
North America held a major share of the global market in 2016, due to the presence of large patient base and increasing demand for advanced patient monitoring systems.
Asia-Pacific is expected to grow at the highest CAGR throughout the forecast period. This is attributed to factors such as the increasing prevalence of diabetes, sedentary lifestyle, and increasing patient awareness about benefits of CGM devices with rise in disposable income of people.

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by Chris Harris (29 days ago)

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