Continuous Glucose Monitoring Devices Market to Witness Unprecedented Growth From US$ 8,865.6 Mn To US$ 52,097.95 Mn.
The continuous glucose monitoring (CGM) devices provide insights about the glucose levels of the diabetic patient throughout the day.
SEATTLE, WASHINGTON, UNITED STATES, November 1, 2022 /EINPresswire.com/ — The Continuous Glucose Monitoring (CGM) Devices Market Industry research forecast to 2022-2028 provides comprehensive market data to assist businesses in developing growth strategies and making better business decisions based on forecasts and market trends. Marketing variables in the study include the dynamic market structure, the product offerings of key players, their difficulties, technical innovation, roadblocks and hurdles, data on communication and sales, sales by country, risk, prospects, competitive landscape, growth strategy, and others. It goes into great detail about the market’s current and future state. The study looks at a variety of factors, including levels of development, technological advances, and the various business models used by the market’s current top players.
The continuous glucose monitoring (CGM) devices provide insights about the glucose levels of the diabetic patient throughout the day. CGM is mostly used by patients with type 1 and type 2 diabetes for better glucose control to improve the health and quality of their lives. Moreover, the integration of smartphone for easy diabetes management and cloud-based data storage are the key features of the currently available CGM devices which have contributed to the drastic adoption of the CGM systems. The CGM devices displays a complete picture of glucose trends with a graphical display and customizable alerts to indicate the disturbances in glucose status.
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Continuous Glucose Monitoring (CGM) Devices Market Size Projections :
The global continuous glucose monitoring (CGM) devices market is estimated to be valued at US$ 8,865.65 million in 2022 and is expected to exhibit a CAGR of 24.8% during the forecast period (2022-2030).
Objectives of the Report:
• To carefully analyze and forecast the size of Continuous Glucose Monitoring (CGM) Devices Market by value and volume.
• To estimate the market shares of major segments of the Industry
• To highlight the development of the Continuous Glucose Monitoring (CGM) Devices Market in different parts of the world.
• To analyze and study micro-markets in terms of their contributions, prospects, and individual growth trends.
• To offer precise and useful details about factors affecting revenue growth over the forecast period.
• To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Continuous Glucose Monitoring (CGM)
Devices market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and
product launches.
Market Dynamics
The major factors driving growth of the continuous glucose monitoring (CGM) devices market include rapid technological advancements and convenience offered by the continuous glucose monitoring devices over the self-monitoring devices such as minimized finger pricks and special software for data tracking. For instance, in February 2022, Tandem Diabetes Care, Inc., medical device company based in the U.S., announced U.S. Food and Drug Administration (FDA) clearance of the t: slim X2 insulin pump with Control-IQ technology, an advanced hybrid-closed loop feature designed to help increase time in range (70-180 mg/dL), and the first system cleared to deliver automatic correction boluses in addition to adjusting insulin to help prevent high and low blood sugar. The system integrates with Dexcom G6 (product name) continuous glucose monitoring (CGM), which requires no fingersticks for calibration or diabetes treatment decisions. Control-IQ technology for the t: slim X2 insulin pump is the first automated insulin dosing software in a new interoperable automated glycemic controller category that automatically adjusts insulin delivery to a person with diabetes by connecting to an alternate controller-enabled insulin pump (ACE pump) and integrated continuous glucose monitor (iCGM). This is the third category classified by the FDA for the interoperability of devices as a complete automated insulin dosing (AID) system.
List of Key players in the global Continuous Glucose Monitoring (CGM) Devices Market: Medtronic, Dexcom, Inc., Abbott Laboratories, Medtrum Technologies, Inc., Tandem Diabetes Care, Senseonics, Glycens, Insulet Corporation, and Nemaura Medical, Inc., STMicroelectronics, NXP Semiconductors, Qualcomm, Taiwan Semiconductor Manufacturing Company Limited, GE Healthcare, Microchip Technology Inc., Texas Instruments Inc. and Micron Technology Inc.
SWOT Analysis of Global Continuous Glucose Monitoring (CGM) Devices Market
In addition to market share analysis of companies, in-depth profile, product/service, and business overview, the study focuses on revenue analysis, as well as SWOT analysis, to better correlate market competitiveness.
Information source and Research Methodology:
Our researchers compiled the study utilizing primary (surveys and interviews) and secondary (industry body databases, reliable paid sources, and trade magazines) data collection methods. The report contains a thorough qualitative and quantitative analysis. Growth trends, micro-and macroeconomic indicators, as well as legislation and government policies are all covered in the research.
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Purchasing the Continuous Glucose Monitoring (CGM) Devices Market for the Following Reasons:
⮞The study examines emerging market trends as well as the likelihood that various trends will impact expansion.
⮞The analysis also discusses the factors, challenges, and opportunities that will have a significant impact on the global Continuous Glucose Monitoring (CGM) Devices industry.
⮞Technological tools and benchmarks that reflect the industry’s projected growth of the Continuous Glucose Monitoring (CGM) Devices industry.
⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
⮞The research includes a detailed analysis of market statistics as well as historical and current growth conditions in order to provide futuristic growth estimates.
Key features of the study:
• This report provides an in-depth analysis of the global continuous glucose monitoring (CGM) devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global continuous glucose monitoring (CGM) devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
What are the goals of the report?
⮞The predicted market size for the Continuous Glucose Monitoring (CGM) Devices Market Industry at the conclusion of the forecast period is shown in this market report.
⮞The paper also analyses market sizes in the past and present.
⮞The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
⮞The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
⮞The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa,as well as future growth opportunities.
⮞The study examines the future period’s growth rate, market size, and market worth.
Some of the Key Questions Answered in this Report:
• What will be the market size and the growth rate by the end of the forecast period?
• What are the key Continuous Glucose Monitoring (CGM) Devices Market trends impacting the growth of the market?
• What are the potential growth opportunities and threats faced by the leading competitors in the market?
• What are the key outcomes of Porter’s five forces analysis and the SWOT analysis of the key players functioning in the global Continuous Glucose
Monitoring (CGM) Devices Market?
• This report gives all the information regarding industry Overview, analysis and revenue of this market.
• What are the market opportunities and threats faced by the vendors in the global Continuous Glucose Monitoring (CGM) Devices Market?
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Continuous Glucose Monitoring (CGM) Devices Industry Impact
Chapter 2 Continuous Glucose Monitoring (CGM) Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Market (Volume and Value) by Type
2.3 Market (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Continuous Glucose Monitoring (CGM) Devices Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Industry Market Analysis
Chapter 6 East Asia Continuous Glucose Monitoring (CGM) Devices Market Analysis
Chapter 7 Europe Industry Market Analysis
Chapter 8 South Asia Continuous Glucose Monitoring (CGM) Devices Market Analysis
Chapter 9 Southeast Asia Market Analysis
Chapter 10 Middle East Continuous Glucose Monitoring (CGM) Devices Market Analysis
Chapter 11 Africa Market Analysis
Chapter 12 Oceania Market Analysis
Chapter 13 South America Continuous Glucose Monitoring (CGM) Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Continuous Glucose Monitoring (CGM) Devices Business
Chapter 15 Continuous Glucose Monitoring (CGM) Devices Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
Continued….
Finally, the report majorly enlightens the key growth and limiting factors which majorly targets at the center of the market affecting the growth and its development in either positive or negative extent. The report also specifies the impact of regulations and policies implemented by the administration over the current growth and upcoming opportunities that may lead to the market development escalation. The Continuous Glucose Monitoring (CGM) Devices Market report offers a superior vision of the global market, which will help clients to manage the business precisely with better growth and expansion compared to its contenders in the market.
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