View Report Details Global Glucose Monitoring Market with Focus on CGM: Industry Analysis & Outlook (2016-2020)
View Report Details Executive Summary Glucose monitoring helps people suffering from diabetes in managing their health and avoiding its associated problems. Any individual can use the results of glucose monitoring to make decisions about food, physical activity, and medications which can help him stay healthy. The most common glucose monitoring solutions are blood glucose meters and continuous glucose monitoring (CGM) systems. In addition to it, the traditional way to check glucose levels involves pricking a fingertip with an automatic piercing device to obtain a blood sample and then using a glucose meter to measure the blood sample's glucose level. CGM is a way to measure glucose levels in real-time throughout the day and night. CGM systems use a tiny sensor inserted under the skin to check glucose levels in tissue fluid. The sensor stays in place for several days to a week and then must be replaced. It is connected to a transmitter that sends the information via wireless radio frequency to a monitoring and display device. The device can detect and notify you if glucose is reaching a high or low limit. The key factors which are anticipated to drive glucose monitoring market include growing number of diabetic patients, increase in ageing population, rising obese population, growing urban population, increase in healthcare expenditure and desk bound lifestyle. Some of the significant developments of this industry include introduction of new innovative products in the market, approval of artificial pancreas, increasing awareness about health and glucose monitoring, growing investment in digital health solutions and increase in CGM recommendations. However, the challenge to be faced ahead is CGM reimbursement, extreme competition among companies and legal regulations. This report offers a comprehensive analysis of the Global Glucose Monitoring market with focus on CGM. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in depth. On the contention front, the global market is reined by few major players namely Abbott Laboratories, Medtronic, and DexCom. The competitive landscape of the respective market, along with the company profiles of the leading players are also discussed in detail.
Growth in diabetic patients, increase in ageing population, rising obese population, growing urban population and increase in healthcare expenditure will drive the global glucose monitoring market. Global Diabetes Market by Segment (2015/2020E) Traditional glucose monitoring held the largest share of ….% in the diabetes devices market in 2015 followed by insulin pumps and continuous glucose monitoring which held …..% and …% share, respectively.
The total global glucose monitoring market reached US$..... billion in 2015 from US$..... billion in 2014.
The global glucose monitoring market is projected to reach US$..... billion in 2016 and estimated to increase up to US$..... billion by 2020.
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Global Glucose Monitoring Market by Value (2005-2015)
US$ Billion
US$ Billion
Global Glucose Monitoring Market Forecast by Value (2016-2020)
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Introduction of innovative products, approval of artificial pancreas, increasing consciousness about health and growing investment in digital health solutions are the latest developments and trends. Global Traditional Glucose Monitoring market by Value (2005-2015)
US$ Billion
The market of traditional glucose monitoring was valued at US$..... billion in 2015 in comparison to US$..... in 2014. The traditional glucose monitoring market is forecasted to fall in the coming days and is projected to reach US$...... billion by 2020. The CGM market recorded a growth of …..% and reached US$.... million in 2015 from US$.... million in 2014. The number of diabetic patients in the US increased to …. million in 2015 from …. million in 2014.
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Global Traditional Glucose Monitoring Forecast by Value (2016-2020)
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Global CGM Market by Value (2010-2015)
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CGM reimbursement, extreme competition among companies and legal regulations are the main challenges to the global glucose monitoring market. Global CGM Market Forecast by Value (2016-2020)
US$ Million
The global continuous glucose monitoring is projected to reach US$..... million in 2016 and estimated to increase to US$..... million by 2020. The number of patients diagnosed with diabetes in the US reached from …. million in 2014 to ….. million in 2015. The penetration rate of CGM in the US has risen from ……% in 2014 to …..% in 2015.
C G M P e n e tr a tio n P e r c e n ta g e
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CGM Diabetes Type 1 Penetration in the US (2012-2015)
C G M P e n e tr a tio n P e r c e n ta g e
The number of patients opting for CGM in the US has increased and reached …… in 2015 from …… in 2014.
CGM Diabetes Type 1 Penetration Forecast in the US (2016-2020)
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