Global Continuous Blood Glucose Monitoring Market Report 2022 – Market Forecast, Trends And Strategies
20 Sep, 2022
The global continuous blood glucose monitoring market size is expected to grow from $9.94 billion in 2021 to $11.12 billion in 2022 at a compound annual growth rate (CAGR) of 11.9%. The global continuous blood sugar monitoring market size is expected to reach $16.29 billion in 2026 at a CAGR of 10%.
What is the Global Continuous Blood Glucose Monitoring Market?
The continuous blood glucose monitoring market consists of sales of continuous blood glucose monitoring devices by entities (organizations, sole traders, and partnerships), that are used to track and monitor glucose levels in the blood. A continuous blood glucose monitoring device enables a person to better regulate glucose levels throughout the day and to experience fewer low blood glucose situations.
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What drives the Global Continuous Blood Glucose Monitoring Market?
The increasing prevalence of diabetes is expected to propel the growth of the continuous blood glucose monitoring market going forward. Diabetes is a health disease that occurs when the blood glucose levels fluctuate in the body. Blood glucose monitoring devices can aid in the detection of trends and patterns that give a better full picture of a diabetic's condition. For instance, according to the International Diabetes Federation, in 2020 around 463 million adults were affected by diabetes among which 10.0% of them had type 1 diabetes and 90.0% had type 2 diabetes. Therefore, the increasing prevalence of diabetes is driving the growth of the continuous blood glucose monitoring market.
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https://www.thebusinessresearchcompany.com/report/continous-blood-glucose-monitoring-global-market-reportGlobal Continuous Blood Glucose Monitoring Market Segments
The global continuous blood glucose monitoring market is segmented:
By Component: Insulin Pumps, Sensors, Transmitters, Receivers
By Application: Type 1 Diabetic Patients, Type 2 Diabetic Patients, Gestational Diabetes, Critical Care Patients
By End-User: Hospitals, Homecare Diagnostics, Others
By Geography: The regions covered in the continuous blood glucose monitoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Continuous Blood Glucose Monitoring Global Market Report 2022 provides market size and growth forecasts for the global continuous blood glucose monitoring market, global continuous blood glucose monitoring market share, continuous blood glucose monitoring market segments and geographies, continuous blood glucose monitoring market competitive landscape including leading competitors’ revenues, profiles and market shares. The continuous blood glucose monitoring market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Continuous Blood Glucose Monitoring Industry Players include Roche, Lifescan, Medtronic, Abbott, GlySens Inc., Arkray, Senseonics Holdings Inc., Glysure limited, Nemaura, Tandem Diabetes Care, Goldsite Diagonostics Inc., AgaMatrix Inc., B. Braun Melsungen, Ypsomed Holding AG, Terumo, and Orsense ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.