Global Glucose Monitoring System Market is complete research report present industry competition and market size, growth and revenue detailed report available at ReportsnReports.com.
The Global Glucose Monitoring System Market Forecast 2017-2025 is separated into continuous glucose monitoring market (CGMS) and self-monitoring of blood glucose (SMBG) market. The CGMS market is anticipated to grow $ 13672 million by 2025. The SMBG market is estimated to grow $ 20563 million by 2025, at a CAGR of 36.72% between 2016 and 2025.
Major players for the Glucose monitoring market are Dexcom, Johnson and Johnson, Tandem diabetes, Roche diagnostics, Nemaura medical Inc., Senseonics, Glysens incorporated Medtronic, Abbott, Insulet corp., and Echo therapeutics.
The base year considered for the market study is 2016 and the forecast period is between 2017 and 2025. The (CGM) continuous glucose monitoring device is system practiced to measure glucose levels in the interstitial fluid that commence between the skin cells and display in the monitor. (SMBG) Self-monitoring of blood glucose is to supervise glucose level.
The continuous glucose monitoring system and self-monitoring blood glucose is segmented into component type, application, and geography. The CGMS market by component type is segmented into sensors, transmitters, receivers, and insulin pump. The application segmented of CGMS is further segmented into diagnostics and clinics, hospitals, and home settings.
The SMBG market by the component is segmented into test strips, glucose meter, and others. The application segmented of SMBG is further bifurcated into home settings, clinics, and hospitals. The geography market is segmented into North America, Europe, Asia-Pacific, Latin America and rest of the world. Rise in Diabetic Population, growth in Healthcare Expenditure, high Focus on Research and Development, Technology Integration, Increase in the CGMS Affordability, and less Price of Technology are the major drivers for the Glucose monitoring market.
The CGMS and SMBG market in North America is anticipated to hold the largest share by 2025 whereas in both CGMS and SMBG market Asia Pacific is expected to be the fastest growing region with a CAGR of 48.72% and 15.82% during the forecast period. North America is a highly developed market for CGMS and SMBG with over 3 million of Type 1 Diabetes (T1D). The US is the largest market for the current CGMS. There are about 60 million diabetics in Europe. In 2016, Europe CGMS market accounted for $83 million and estimated to witness a CAGR of 41.72% during the forecast period. The SMBG market is accounted for $1180 million and anticipated to witness a CAGR of 10.54% during the forecast period.
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Asia Pacific is anticipated to be the fastest growing region in the CGMS and SMBG market. Increasing prevalence rate of diabetes in India and China are creating significant opportunities for continuous glucose monitoring system in the region. In 2015, more than 200 million people in Asia are already suffering from diabetes and the number is estimated to exceed 300 million by 2030.
List of Figures
Figure 1 Global Cgms Market Share, By Component Type 2016 & 2025 (%)
Figure 2 Global Cgms Sensors Market, 2017-2025 (In Us$ Million)
Figure 3 Global Cgms Transmitters and Receivers Market, 2017-2025 (In Us$ Million)
Figure 4 Global Cgms Insulin Pump Market, 2017-2025 (In Us$ Million)
Figure 5 Global Cgms Share, By Application 2016 & 2025 (%)
Figure 6 Global Cgms Diagnostics and Clinical Market, 2017-2025 (In Us$ Million)
Figure 7 Global Cgms Hospitals Market, 2017-2025 (In Us$ Million)
Figure 8 Global Cgms Home Setting Market, 2017-2025 (In Us$ Million)
Figure 9 Global Smbg Market Share, By Component Type 2016 & 2025 (%)
Figure 10 Global Smbg Test Strips Market, 2017-2025 (In Us$ Million)
Figure 11 Global Smbg Glucose Meter Market, 2017-2025 (In Us$ Million)
Figure 12 Global Smbg Others Market, 2017-2025 (In Us$ Million) and more..
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