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Global Continuous Glucose Monitoring (CGM) Market Industry Size, Share, Analysis, Trend & Forecast 2022

Press Release   •   Jan 09, 2018 09:49 IST

Bharat Book Bureau Provides the Trending Market Research Report on “Global Continuous Glucose Monitoring (CGM) Market Forecast to 2022” under Life Sciences. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.

Global Market for Continuous Glucose Monitoring Devices and diabetes-related products totaled nearly $12.1 billion in 2016. The market should reach nearly $12.8 billion in 2017 and $20.7 billion in 2022, registering a compound annual growth (CAGR) of 10.1% from 2017-2022.

Report Includes
-52 data tables and 20 additional tables
-An overview of the global market for continuous glucose monitoring (CGM)
-Analyses of global market trends, with data from 2016, estimates for 2017, and projections of compound annual growth rates (CAGRs) through 2022
-Examination of the critical issues within the CGM market, including technological developments, geographic trends, market dynamics, and adoption trends
-Market breakdowns by application area: hospitals, diagnostics/clinics, home
-Information broken down by age: children, teens, young, middle, elderly; by race: non-Hispanic whites, Hispanics, Asian-Americans, Europeans, Asians, others; and by geography: the U.S., Europe, Asia, and the rest of the world
-Information on leading companies, including their product portfolios and recent developments

Study Goals and Objectives
This report HLC102C: Continuous Glucose Monitoring: Technologies and Global Markets provides an overview of the current and potential global market for monitoring equipment and disposables for both continuous monitoring and self–monitoring blood glucose (SMBG) equipment, which continues to be the standard method for monitoring blood glucose levels. The report provides comprehensive information on the causes of Type 1, Type 2 and gestational diabetes, highlighting global incidence and prevalence of the disease.

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The key objective of the report is to present a comprehensive analysis of the current state of continuous glucose monitoring technology, important trends in the field, and relevant clinical trials and results. A second objective is to present sales forecasts for continuous glucose monitoring transmitters, receivers and sensors, insulin patch pumps and insulin durable or tubed pumps, SMGB glucose meters and diabetes test strips, for the period from 2016 through 2022. Issues and trends addressed in this report are based on information from industry sources, regulatory and healthcare policies, demographics and other factors that directly affect the glucose monitoring market. Revenue values are reported at the manufacturer level of the supply chain, and do not include any third party or distributor mark–ups. The report also addresses opportunities for future players. This report specifically does not address markets for devices for inhaling insulin, nor does it address markets for diabetes management software applications. Most of the larger companies that have come out with CGMs have also developed or acquired software for managing the individual’s diabetes, but the markets for these apps are not included in this report.

Reasons for Doing This Study
This study was conducted to provide detailed information regarding developments in continuous glucose monitoring. The incidence of Type 2 diabetes continues to increase in developed and developing countries, driven by the rise in obesity. Continuous glucose monitoring (CGM) is designed to provide a more accurate way to monitor blood glucose levels, thereby allowing diabetic patients to better regulate blood glucose, decrease the risk of diabetes–related damage to their bodies and ultimately improve their health and decrease healthcare costs.

This market research report will increase the awareness of current and developing technologies affecting continuous glucose monitoring devices and markets.

Scope of Report
The scope of this study encompasses the current and forecast markets for glucose monitoring, as well as pumps, SMBG meters and test strips. The covered segments are CGM transmitters, receivers and sensors, patch and durable insulin pumps, and self–monitoring blood glucose (SMBG) equipment and test strips. The test strip market numbers refer to all usage of test strips with SMBG, and not just test strips as used by CGM users. CGM users also use test strips, but theoretically only for calibrating their CGM device. Calibration may be required once or twice a day, or even less often, as the devices improve in the near future. Inclusion of SMBG meters and test strips will help the reader to comprehend the relative sizes of the two major segments: CGM and SMBG. As discussed elsewhere in this report, developing countries will continue to use primarily SMBG, as these devices are not only much cheaper than CGM, but, for many diabetics, do just fine for monitoring blood glucose. The report also includes discussions of the reimbursement and regulatory environments, current and developing technologies, diabetes incidence, market projections and market shares, and the latest trends and clinical trials.

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