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Global Continuous Glucose Monitoring Market: Snapshot

The interest inside the worldwide market for consistent glucose checking has been developing headways in the creation and assembling area of medical apparatus and items. The glucose level in the blood is a significant parameter for the conclusion and treatment of a few sicknesses and contaminations. Because of this explanation, clinical professionals and specialists widely buy and use glucose checking gadgets to follow the strength of patients. Glucose checking alludes to the utilization of gadgets and supplies that help continuously observing and detecting of glucose levels in the blood. The inclination of the majority to utilize insignificantly intrusive clinical gadgets has additionally given an impulse to the development of the worldwide continuous glucose monitoring market.

What’s Responsible for the Growth of Global Continuous Glucose Monitoring Market?

  • A few of items exist in the global continuous glucose monitoring market, and every one of them hold imperativeness for the clinical society. Notwithstanding, watchman constant CGM frameworks have been pulling in a more popularity as against other glucose checking frameworks over the previous decade. Be that as it may, this section is anticipated to experience a ruin in the years to come because of the improvement of better and further developed item types. This as a result propels the growth of global continuous glucose monitoring market.
  • In view of end-client, the interest for glucose observing frameworks has been the most elevated among patients of diabetes. This pattern is anticipated to turn out to be increasingly articulated over the coming a long time as the occurrence of diabetes ascends over the globe. As a result of these developments, the global continuous glucose monitoring market is expected to witness a substantial growth.

The demand within the global market for continuous glucose monitoring has been expanding on advancements in the production and manufacturing domain of medical devices and products. The glucose level in the blood is an important parameter for the diagnosis and treatment of several diseases and infections. Due to this reason, medical practitioners and doctors extensively purchase and use glucose monitoring devices to track the health of patients. Glucose monitoring refers to the use of devices and equipments that help in real-time monitoring and sensing of glucose levels in the blood. The propensity of the masses to use minimally invasive medical devices has also given an impetus to the growth of the global market for glucose monitoring in recent times. The rising incidence of diabetes is also recognized as a key factor that could revolutionize the growth dynamics of the global market. Patients whose blood glucose levels undergo constant fluctuations extensively use glucose monitoring devices which further increases market demand. On the flip side, continuous glucose monitoring systems (CGMS) have been challenged on the grounds of being inaccurate and erroneous, and this acts a major roadblock for the growth of the global glucose monitoring market.

Transparency Market Research (TMR) finds that the global market for glucose monitoring is projected to expand a stellar CAGR of 13.60% over the period between 2013 and 2019. While the global glucose monitoring market was valued at US$370 mn in 2012, it is expected to earn an opportunity of US$910 mn between 2013 and 2019.

Guardian Real-Time CGM Systems to Lead Other Segments Based on Type of Product

Several types of products exist in the global market for continuous glucose monitoring, and each of them hold vitality for the medical fraternity. However, guardian real-time CGM systems have been attracting a higher demand as against other glucose monitoring systems over the past decade. However, this segment is projected to undergo a downfall in the years to come due to the development of better and more advanced product types. Based on end-user, the demand for glucose monitoring systems has been the highest amongst patients of diabetes. This trend is projected to become more pronounced over the coming years as the incidence of diabetes rises across the globe.

North America Continuous Glucose Monitoring Market to Bode Well

The healthcare fraternity in the US and Canada has undoubtedly outdone the healthcare sectors of all other regions across the globe. Owing to this reason, the use of continuous glucose monitoring systems in these countries has also taken a leap in recent times. Furthermore, the sluggish and unbecoming lifestyles of the people in North America have given rise to several diseases or disorders such as diabetes and high blood pressure. Owing to the aforementioned factors, the demand within the market for continuous glucose monitoring in North America has been rising at a starry rate in recent times. Besides North America, the market for continuous glucose monitoring in Europe has also expanded at a robust rate over the past few years. This owes to the presence of informed medical practitioner who can recommend the right products for continuous glucose monitoring to the masses.

Some of the key players in the global market for continuous glucose monitoring are Dexcom, Inc., Medtronic, Inc., Bayer AG, Abbott Diabetes Care, Inc., Nova Biomedical Corporation, Senseonics, GlySens, and Insulet Corporation.

Continuous glucose monitoring systems (CGMS) are real time, portable glucose monitoring systems used for the measurement of glucose levels at regular intervals from the patient’s body. These devices use wireless technology for transmitting glucose readings collected from the interstitial fluid between the patient’s skin cells, unlike blood glucose meters that measure glucose levels in the blood. According to International Diabetes Federation (IDF), approximately 382 million people were diagnosed with diabetes globally in 2013 and this number is expected to grow to 592 million by 2035. Similarly, in the U.K. approximately 10% of the total diabetic population are diagnosed with type I diabetes. Additionally, according to JDRF the prevalence of type I diabetes rose by 23% in the U.S. between 2001 and 2009 for children under 20 years of age. Thus, CGMS are identified as one of the most important emerging tools for diabetes management, especially type I diabetes in which patients are completely insulin dependent.
This report on continuous glucose monitoring studies the current scenario as well as the future market potential for continuous glucose monitoring systems (CGMS) globally. The market for these continuous glucose monitoring systems (CGMS) has been segmented by major devices/brands, namely, Guardian Real Time CGM System, FreeStyle Navigator, Dexcom Seven Plus CGM System, Dexcom G4 Platinum, MiniMed Paradigm Revel/Veo System and others. The continuous glucose monitoring systems market for these systems has been extensively analyzed on the basis of factors such as their commercial launch, sales revenue, geographic presence, usage and technological developments. The market size and forecasts in terms of revenue (USD million) for each of above mentioned segments have been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (CAGR) for each segment for the forecast period 2013 to 2019.
Geographically, the continuous glucose monitoring market has been classified into four segments namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecast for each region has been provided for the period 2011 to 2019 along with the CAGR (%) for the forecast period 2013 to 2019. The study also includes qualitative analysis of the competitive scenario in these regions. The market overview section of the report comprises qualitative analysis of the overall market considering the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s five force analysis and market attractiveness analysis. Porter’s five forces analysis would help determine the degree of competition among the players and the threat from new entrant or substitutes. Furthermore, the report on CGM also includes executive summary, that that will help you understand the overall market size, growth rate of various segments, geographies and competitors present in the market in a very precise manner.  
The report on CGM also provides a section on the competitive landscape, wherein the market share analysis of leading players in the global continuous glucose monitoring market (CGM), in terms of percentage share in 2012 has been discussed. A list of recommendations has also been included for new entrants as well as existing market players to help them establish a strong presence in the market and increase their market shares. The continuous glucose monitoring market report concludes with the profiles of major players in the global continuous glucose monitoring market such as Medtronic, Inc., Dexcom, Inc., Abbott Laboratories, Inc., Bayer AG, Nova Biomedical Corporation, Senseonics, Incorporated, GlySens, Incorporated and Insulet Corporation. The profiles of these players has been extensively analyzed on the basis of product portfolio, company overview, financial overview, recent developments and business strategies adopted by the companies to ensure sustainability and maximize profits. 
The global continuous glucose monitoring market is segmented as follows:
Continuous Glucose Monitoring Market, by Device/Brand
  • Guardian Real Time CGM System
  • FreeStyle Navigator
  • Dexcom Seven Plus CGM System
  • Dexcom G4 Platinum
  • MiniMed Paradigm Revel/Veo System
  • Others
Continuous Glucose Monitoring Market, by Geography
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

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