Selbyville, Delaware, Dec. 08, 2020 (GLOBE NEWSWIRE) -- According to seasoned analysts, worldwide continuous glucose monitor market size reached USD 4245.67 million in 2019 and is expected to grow substantially during 2020-2025, registering a yearly growth rate of 17.24% throughout the forecast timeframe. The market is largely driven by increasing cases of diabetes among children and the geriatric population. Moreover, increasing obesity caused by factors like rise in adoption of poor dietary habits, and lack of physical activity, which ultimately elevates the risk of diabetes is adding momentum to the industry growth.
Alongside a detailed evaluation of the key regions including North America, Europe and APAC, it unveils the top opportunities across these geographies to further business expansion. Besides, the market is studied through multiple perspectives in terms of component type, end-user spectrum, and demographics. Lastly, it identifies the top-level players and helps readers gain a deeper understanding of the strategies employed by top players to formulate robust action plans that ensure strong returns.
Component type overview:
Global continuous glucose monitor market, based on component type, is categorized into sensors, transmitters & receivers, and integrated insulin pumps. Reliable sources cite that sensors segment secured 48.61% of the overall industry share in 2019 and is expected to record strong growth over the projected timeline, trailed by transmitters & receivers segment which accounted for 28.34% industry share.
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End-user spectrum
Global continuous glucose monitor market end-user scope is bifurcated into homecare and hospitals. The homecare segment is anticipated to carve off a larger market share during the analysis period, attributable to rising cases of hypo and hyperglycemia, and ease of conducting tests through CGM. Whereas, hospitals segment will also gain considerable traction in the forthcoming years due to availability of medical expertise and better healthcare facilities in such settings.
Demographics summary:
The demographics of global continuous glucose monitor market includes adults and pediatric, among which, the former is expected to capture a larger industry share owing to high prevalence of diabetes among the youth and elderly population.
Regional outlook:
North America, Europe, and Asia Pacific are the key contributors to the overall continuous glucose monitor industry remuneration. North America represented the largest market share in 2019 and is likely to showcase strong growth trends in the upcoming years, on account of factors like early technological adoption, rising burden of obesity, and presence of well-established healthcare infrastructure.
Meanwhile, Asia Pacific market is expected to witness significant gains during 2020-2025, driven by burgeoning diabetic population and ongoing development of the healthcare sector in emerging economies like India and China.
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Global Continuous Glucose Monitor Market Component Type Sub-Segments [Value (USD Million), 2015-2025]
- Sensors
- Transmitter & Receivers
- Integrated Insulin Pumps
Global Continuous Glucose Monitor Market End User Sub-Segments [Value (USD Million), 2015-2025]
- Hospital
- Homecare
Global Continuous Glucose Monitor Market Demographics Sub-Segments [Value (USD Million), 2015-2025]
- Adults
- Pediatric
Global Continuous Glucose Monitor Market Regional Bifurcation [Value (USD Million), 2015-2025]
North America
- United States
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
Asia Pacific
- India
- South Korea
- China
- Japan
Global Continuous Glucose Monitor Market Competitive Dashboard [Value (USD Million), 2015-2025]
- F. Hoffmann-La Roche AG
- Ascensia Diabetes Care Holdings AG
- AgaMatrix, Inc.
- Integrity Applications, Inc.
- Senseonics Holdings, Inc.
- GlySens, Inc.
- Insulet Corp.
- Abbott Laboratories
- Dexcom, Inc.
- Medtronic plc
Table of Content:
1. Research Methodology and Executive Summary
1.1 Research Methodology
1.2 Executive Summary
2. Strategic Recommendations
3. Continuous Glucose Monitoring Market: Product Outlook
4. Global Continuous Glucose Monitoring Market: Sizing and Forecast
4.1 Market Size Forecast, By Value, Year 2015-2025
5. Global Continuous Glucose Monitoring Market Segmentation - By Component, By Value
5.1 Competitive Scenario of Global Glucose Monitoring Market : By Component
5.2 Transmitter & Receivers - Market Size and Forecast (2015-2025)
5.3 Sensors - Market Size and Forecast (2015-2025)
5.4 Integrated Insulin Pumps - Market Size and Forecast (2015-2025)
6. Global Continuous Glucose Monitoring Market Segmentation - By End User, By Value
6.1 Competitive Scenario of Global Face Mask: By End User Type
6.2 Homecare - Market Size and Forecast (2015-2025)
6.3 Hospital - Market Size and Forecast (2015-2025)
7. Global Continuous Glucose Monitoring Market Segmentation - By Demographics, By Value, By Volume
7.1 Competitive Scenario of Global Face Mask: By Demographics
7.2 Pediatric - Market Size and Forecast (2015-2025)
7.3 Adults - Market Size and Forecast (2015-2025)
8. Global Continuous Glucose Monitoring Market: Regional Analysis
9. North America Continuous Glucose Monitoring Market: Segmentation By Component, By End User, and By Demographics (2015-2025) By Value, By Volume
9.1 North America Continuous Glucose Monitoring Market: Size and Forecast (2015-2025), By Value, By Volume
9.2 North America Continuous Glucose Monitoring Market - Prominent Players
9.3 Market Segmentation By Component (Transmitter & Receivers, Sensors, and Integrated Insulin Pumps) By Value, By Volume
9.4 Market Segmentation By End User (Hospitals and Homecare) By Value, By Volume
9.5 Market Segmentation By Demographics (Pediatric and adults) By Value, By Volume
10. Europe Continuous Glucose Monitoring Market: Segmentation By Component, By End User, and By Demographics (2015-2025) By Value, By Volume
10.1 Europe Continuous Glucose Monitoring Market: Size and Forecast (2015-2025), By Value, By Volume
10.2 Europe Continuous Glucose Monitoring Market - Prominent Players
10.3 Market Segmentation By Component (Transmitter & Receivers, Sensors, and Integrated Insulin Pumps) By Value, By Volume
10.4 Market Segmentation By End User (Hospitals and Homecare) By Value, By Volume
10.5 Market Segmentation By Demographics (Pediatric and adults) By Value, By Volume
11. Asia Pacific Continuous Glucose Monitoring Market: Segmentation By Component, By End User, and By Demographics (2015-2025) By Value, By Volume
11.1 Asia Pacific Continuous Glucose Monitoring Market: Size and Forecast (2015-2025), By Value, By Volume
11.2 Asia Pacific Continuous Glucose Monitoring Market - Key Players and Key Distributors
11.3 Market Segmentation By Component (Transmitter & Receivers, Sensors, and Integrated Insulin Pumps) By Value, By Volume
11.4 Market Segmentation By End User (Hospitals and Homecare) By Value, By Volume
11.5 Market Segmentation By Demographics (Pediatric and adults) By Value, By Volume
12. Global Continuous Glucose Monitoring Market Dynamics
12.1 Drivers
12.2 Restraints
12.3 Trends
13. Market Attractiveness
13.1 Market Attractiveness Chart of Global Continuous Glucose Monitoring Market - By Component, 2025
13.2 Market Attractiveness Chart of Global Continuous Glucose Monitoring Market - By End User, 2025
13.3 Market Attractiveness Chart of Global Continuous Glucose Monitoring Market - By Demographics, 2025
14. Competitive Landscape
Related Report:
Self-monitoring Blood Glucose Devices Market Size, Application Potential, Competitive Market Share & Forecast, 2019 - 2025
Self-monitoring Blood Glucose Devices Market will reach over USD 21.0 billion by 2025, as per a new research report. Increasing diabetic population base, rising adoption of unhealthy dietary habits and increasing number of obese people will drive the global self-monitoring blood glucose (SMBG) devices market growth over the forecast timeframe. Rising incidence of risk factors contributing to the development of diabetes will aid in the market growth. In addition, numerous governments are undertaking initiatives to escalate the awareness regarding diabetes and routine monitor as well as implementing programs to offer favourable products at affordable costs, thereby expanding the business growth. Continuous glucose monitors (CGM) market is estimated foresee 5.8% CAGR during the forecast period owing to rising demand for home healthcare devices and rise in number of people suffering from type 2 diabetes.
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