IMARC Group latest research study “Continuous Glucose Monitoring Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global continuous glucose monitoring systems market size reached a value of US$ 5.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 9.56 Billion by 2027, exhibiting a CAGR of 9.50% during 2022-2027.
Continuous glucose monitoring systems (CGMS) are advanced devices that use a sensor integrated with a transmitter to measure glucose concentration in interstitial fluid. They provide a comprehensive profile of diabetes, alert patients of high and low blood sugar levels, identify patterns, and provide insight into physical activity, medication choices, food portions, and stress.
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Continuous Glucose Monitoring Systems Market Trends and Drivers:
The growing geriatric population and the increasing prevalence of diabetes among people currently represent one of the key factors catalyzing demand for CGMS for measuring glucose and insulin. In addition, the integration of artificial pancreas device systems with CGMS technology to pump insulin and administer optimum dosage to manage the blood sugar levels in patients is strengthening the market growth.
Moreover, key market players are introducing non-invasive CGMS devices as a convenient alternative that eliminates false readings, limits waste from disposable testing supplies, and helps avoid the pain of the needle. They are also focusing on the development of CGMS with enhanced accuracy, longer sensor life, and improved user experience, which is driving the market.
Furthermore, increasing investments in research and development (R&D) activities in the healthcare sector and the increasing demand for minimally invasive (MI) diagnostic tools are stimulating the growth of the market worldwide.
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Continuous Glucose Monitoring Systems Market Report Scope |
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Report Coverage |
Details |
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Market size value in 2021 |
US$ 5.46 Billion |
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Market forecast in 2027 |
US$ 9.56 Billion |
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Growth Rate |
CAGR of 9.50% from 2022 to 2027 |
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Base year for estimation |
2021 |
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Historical data |
2016-2021 |
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Forecast period |
2022-2027 |
Global Continuous Glucose Monitoring Systems Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Continuous Glucose Monitoring Systems Companies:
A. Menarini Diagnostics S.r.l.
Abbott Laboratories (NYSE: ABT)
DexCom Inc. (NASDAQ: DXCM)
F. Hoffmann-La Roche AG
Glysens Incorporated
LifeScan Inc. (Johnson & Johnson) (NYSE: JNJ)
Medtronic PLC
Medtrum Technologies Inc.
Nemaura Medical Inc.
Novo Nordisk A/S
Senseonics Holdings Inc.
Waveform Technologies Inc.
The report has segmented the market on the basis of region, component, demographics and end user.
Breakup by Component:
- Sensors
- Transmitters and Receivers
- Integrated Insulin Pumps
Breakup by Demographics:
- Child Population (≤14 years)
- Adult Population (>14 years)
Breakup by End User:
- Clinics and Diagnostics Centers
- ICUs
- Home Healthcare
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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