Continuous Glucose Monitoring Systems Market: Global Industry Analysis and Opportunity Assessment 2015 - 2020
- Healthcare, Pharmaceuticals and Medical devices
- No. of Pages: 73
- Published: Jul, 2015
- Report Code: REP-GB-694
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An Incisive, In-depth Analysis on the Continuous Glucose Monitoring Systems Market
This study offers a comprehensive, 360 degree analysis on the Continuous Glucose Monitoring Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Continuous Glucose Monitoring Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The incidences of diabetes have been increasing across the globe and over the last two decades, diabetes has emerged as a serious health issue. The mortality rate among the age group of 20 to 80 years has increased due to diabetes. Thus, people have become more health conscious and monitor their glucose status regularly so that they will be able to take immediate action under critical conditions.
Continuous glucose monitoring systems is a vital part of diabetes management. Over the last 15 years, there have been numerous advancements in glucose monitoring systems such as highly evolved blood glucose meters, non-invasive glucose monitoring (NGM) devices and continuous glucose monitoring systems (CGMS). Continuous glucose monitoring systems measure the glucose levels in the interstitial fluid present between the cells of the skin and display them on a monitor. These systems have led to significant improvements in diabetes management as they are capable of detecting significant lowering of glycated hemoglobin (HbA1c) in adults with type I diabetes. Most continuous glucose monitoring systems developed on NGM techniques are minimally-invasive.
Continuous glucose monitoring systems consist of three components, namely transmitters & monitors, sensors and insulin pumps. In the overall continuous glucose monitoring systems market, the transmitter and monitor segment holds the largest market share in terms of value. The sensor segment is expected to witness the highest CAGR of 13.9% from 2015-2020 and have huge market potential in household and hospital and diagnostics centres segments in continuous glucose monitoring systems market.
Continuous glucose monitoring systems are adopted by two types of end-users, namely household and hospitals and diagnosis centers, to monitor the glucose level of diabetic patients. The household segment accounted for the largest market share in the overall market due to the high demand for continuous glucose monitoring systems among individual customers. The global continuous glucose monitoring systems market was valued at US$ 445.8 Mn in 2015 and is expected to expand at a CAGR of 12.1% over the forecast period (2015–2020).
Rising Prevalence of Diabetes and Integration of Artificial Pancreas Systems in continuous Glucose monitoring systems market
The increasing prevalence of diabetes worldwide is driving the demand for innovative and effective diabetic management devices such as continuous glucose monitoring systems. For instance, as per the International Diabetes Federation, 285 Million people worldwide suffered from diabetes in 2012; out of these, the U.S. accounted for approximately 18.8 Million cases. These facts indicate that the U.S. has high prevalence of diabetes and thus, has high market potential for continuous glucose monitoring systems.
Artificial pancreas systems are effective in the management of diabetes. In artificial pancreas systems, continuous glucose monitoring systems technology is combined with insulin pumps in order to administer optimum dosage to manage blood-glucose levels. This will increase the demand for continuous glucose monitoring systems in the market.
For instance, Dexcom Inc., a leading manufacturer of continuous glucose monitoring systems, received approval from the U.S. Food and Drug Administration (FDA) for its new software 505, which is expected to be used in Dexcom G4 Platinum continuous glucose monitoring systems. This software uses advanced algorithms for the proper functioning of artificial pancreas.
Rapid economic development in some countries has led to the adoption of stressful and sedentary lifestyles. This rapid transition has increased the occurrence of health problems such as obesity and diabetes. Increasing awareness regarding diabetes worldwide and the rapid acceptance of innovative technology such as continuous glucose monitoring and artificial pancreas are poised to fuel the growth of the continuous glucose monitoring systems market.
The use of continuous glucose monitoring systems has increased over the past decade. Continuous glucose monitoring systems help in monitoring glucose levels round the clock. They also display the information of glucose direction and rate of change on monitors, thereby providing users with additional information to help with their diabetes management. Globally, some research studies have shown that continuous glucose monitoring systems help in reducing A1C and reduce the risk hypoglycemia, whether the patient is on insulin injections or pump therapy.
Several players in the continuous glucose monitoring systems market are majorly focusing on new AI-based device launches and services. These innovative solutions help to provide more optimized and real time services to end-users and gain the maximum market share in continuous glucose monitoring systems market. Acquisition, mergers, strategic collaborations and technological advancements play a vital role in the growth of the continuous glucose monitoring systems market.
Global Continuous Glucose Monitoring Systems Market can be categorized on the basis of Product Type, Application, End-User and Region
On the basis of component, the continuous glucose monitoring systems market has been segmented on the basis of components such as transmitter & monitor, sensor and insulin pump. The transmitter & monitor segment holds the highest market share in the overall continuous glucose monitoring systems market. The sensor segment in continuous glucose monitoring systems market is expected to expand at a CAGR of 13.9% during the forecast period.
On the basis of end-use, the continuous glucose monitoring systems market has been segmented into household and hospitals and diagnostics centers. In terms of revenue, the household segment dominates the global continuous glucose monitoring systems market. The hospital and diagnostics centers segment is anticipated to expand at the fastest CAGR over the forecast period in continuous glucose monitoring systems market.
North America and Western Europe are expected to retain Key Market Positions in the Continuous Glucose Monitoring SystemsMarket in the Coming Years
Among the key regional markets, the APEJ continuous glucose monitoring systems market is projected to exhibit relatively higher growth during the forecast period. APEJ is an emerging and attractive market for continuous glucose monitoring systems. The region holds the third position in the overall market in terms of attractiveness and is expected to expand at a CAGR of 16.0% over the forecast period. Increasing per capita income and rising prevalence of diabetes in India and China the most populous countries in APEJ—are anticipated to boost demand for continuous glucose monitoring systemsin the region. Revenue from the continuous glucose monitoring systems markets in North America and Western Europe collectively accounted for over 78.40% of the global continuous glucose monitoring systems market revenue in 2015.
Key competitors in the continuous glucose monitoring systems market include Abbott, Medtronic, Dexcom, Animas, Roche, Bayer, Glysens and Ypsomed.
Key Developments in Continuous Glucose Monitoring Systems Market
Continuous Glucose Monitoring Systems providers are majorly focusing new innovation to cater the global demand for continuous glucose monitoring system. Few key developments are listed below to understand the overall scenario of the Continuous Glucose Monitoring Systems market.
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May 2015 – Medtronic plc launched the MiniMed 640G System to expand its presence Continuous Glucose Monitoring Systems market—a system that automatically detects low blood glucose levels below defined range and suspends insulin delivery
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Sep 2014- Medtronic plc developed a Bluetooth-enabled Continuous Glucose Monitoring Systems for diabetic patients that can monitored on an Apple device connected via an iOS app. This new solution enable vendors to focus on house hold end –users in Continuous Glucose Monitoring Systems market.
Report Synopsis
Future Market Insights offers a 10-year forecast for the continuous glucose monitoring systems market between 2015 and 2020. In terms of value, the continuous glucose monitoring systems market is expected to register a CAGR of 12.1% during the forecast period. This continuous glucose monitoring systems market study demonstrates the global market dynamics and trends across various regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan, which influence the current nature and future status of the continuous glucose monitoring systems market over the forecast period. It also provides a country-level analysis for each region listed in the above section, which will provide a comprehensive analysis of the overall market.
Report Description
This research report provides a detailed analysis of the continuous glucose monitoring systems market and offers insights on various factors. This continuous glucose monitoring systems market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The stakeholders in this continuous glucose monitoring systems market include healthcare automation providers, hospitals, pharmacies, clinics and households. The continuous glucose monitoring systems report segregates the market on the basis of components and end-users across different regions worldwide.
The integration of artificial pancreas systems with continuous glucose monitoring systems has led to the rapid adoption of continuous glucose monitoring systems across various end-use sectors, including household and hospitals and diagnostics centers. In artificial pancreas systems, continuous glucose monitoring technology is combined with insulin pumps in order to administer optimum dosage to manage blood-glucose levels.
The report starts with an overview of the global continuous glucose monitoring systems market in terms of value. In addition, this section includes the analysis of key trends, drivers, and restraints influencing the continuous glucose monitoring systems market. An impact analysis of the key growth drivers and restraints is also included in the continuous glucose monitoring systems report to facilitate clients with crystal-clear decision-making insights.
The global continuous glucose monitoring systems market report will help stakeholders such as solution providers, household, hospitals and system integrators formulate their strategies. Market attractiveness and market opportunity analysis help them identify potential markets where they can expand their footprint and increase their customer base.
The BPS analysis provided in the report helps in identifying the losing segment and winning segment in the continuous glucose monitoring systems market.
The global continuous glucose monitoring systems market has been segmented on the basis of product type, application, end user and region. On the basis of component, the continuous glucose monitoring systems market has been segmented into transmitter & monitor, sensor and insulin pump. The transmitter & monitor segment holds the highest market share in the overall continuous glucose monitoring systems market.
On the basis of end-use, the continuous glucose monitoring systems market has been segmented into household and hospitals and diagnostics centers. In terms of revenue, the household segment dominates the global continuous glucose monitoring systems market while the hospital and diagnostics centers segment is anticipated to expand at the fastest CAGR over the forecast period.
The next section highlights a detailed analysis of the continuous glucose monitoring systems market across various countries in different regions. It provides a market outlook for 2015–2020, and sets the forecast within the context of the continuous glucose monitoring systems system market to include the latest technological developments as well as service offerings in the market. This study on continuous glucose monitoring systems discusses the key trends within countries contributing to the growth of the continuous glucose monitoring systems market as well as analyzes the degree to which the drivers are influencing the market in each region. Key regions and countries assessed in this continuous glucose monitoring system report include North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA.
The continuous glucose monitoring systems report analyses the present scenario and growth prospects of the continuous glucose monitoring system market across various regions globally for the period 2015–2020. We have considered 2014 as the base year, and provided data for the remaining 12 months. The forecast presented in the continuous glucose monitoring systems report assesses the total revenue by value across the market. To offer an accurate forecast, we started by sizing the current continuous glucose monitoring systems market, which forms the basis of how the continuous glucose monitoring systems market will develop in the future. Given the characteristics of the continuous glucose monitoring systems market, we have triangulated the outcome of the analysis of different types and verticals based on technology trends.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the continuous glucose monitoring systems market and to identify the right opportunities across the market.
In the final section of the continuous glucose monitoring systems market report, we have included a competitive landscape to provide clients with a dashboard view based on the categories of providers, their presence, portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the continuous glucose monitoring systems value chain as well as the potential players for the same. The report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of the providers of continuous glucose monitoring systems are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the continuous glucose monitoring system space. Some of the key competitors covered in the report are Abbott, Medtronic, Dexcom, Animas, Roche, Bayer, Glysens, and Ypsomed.
Key Segments Covered in the continuous glucose monitoring system Market
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Continuous Glucose Monitoring Systems Market Reports - Table of Contents
1. Executive Summary
2. Research Methodology
3. Assumptions & Acronyms Used
Continuous Glucose Monitoring Systems Market Reports - List of Tables
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Global Continuous Glucose Monitoring Systems Market Value Forecast by End Use, 2013–2020 (US$ Mn)
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Global Continuous Glucose Monitoring Systems Market Value Forecast by Component, 2013–2020 (US$ Mn)
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Global Continuous Glucose Monitoring Systems Market Value Forecast by Region, 2013–2020 (US$ Mn)
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Continuous Glucose Monitoring Systems Top Companies Revenue Forecast, 2013–2020 (US$ Mn)
Continuous Glucose Monitoring Systems Market Reports - List of Figures
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Global Continuous Glucose Monitoring Systems Market Value Forecast & Y-o-Y Growth, 2013–2020 (US$ Mn)
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Global Continuous Glucose Monitoring Systems Market Absolute $ Opportunity, 2013–2020 (US$ Mn)
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Global Continuous Glucose Monitoring Systems Market Share by End Use, BPS Analysis 2015–2020
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Global continuous Glucose Monitoring System Market Value Forecast by End Use Industries, 2015–2020 (US$ Mn)
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Global Continuous Glucose Monitoring System Y-o-Y Growth by End Use Industries, 2014–2020
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Household Segment Value & Y-o-Y Growth in Continuous Glucose Monitoring Systems Market, 2013–2020 (US$ Mn)
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Absolute $ Opportunity of Household Segment in Continuous Glucose Monitoring System Market, 2013–2020 (US$ Mn)
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Hospitals and Diagnosis Centres Segment Value & Y-o-Y Growth in Continuous Glucose Monitoring Systems,n 2013–2020 (US$ Mn)
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Hospitals and Diagnosis Centre Segment Absolute $ Opportunity in Continuous Glucose Monitoring Systems Market, 2013–2020 (US$ Mn)
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Global Continuous Glucose Monitoring Systems Market Share by Component, Basis Points Analysis 2015–2020
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Global Continuous Glucose Monitoring Systems Market Value Forecast by Component, 2015–2020 (US$ Mn)
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Global Continuous Glucose Monitoring System Y-o-Y Growth by Component, 2014–2020
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Global CGMS Market Value & Y-o-Y Growth by Transmitter & Monitor Segment,2013–2020 (US$ Mn)
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Global CGMS Market Absolute $ Opportunity By Transmitter & Monitor Segment, 2013–2020 (US$ Mn)
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Global CGMS Market Value & Y-o-Y Growth by Sensor Segment,2013–2020 (US$ Mn)
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Global CGMS Absolute $ Opportunity By Sensor Segment, 2013–2020 (US$ Mn)
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Global CGMS Market Value & Y-o-Y Growth by Insulin Pump Segment,2013–2020 (US$ Mn)
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Global CGMS Market Absolute $ Opportunity By Insulin Pump Segment, 2013–2020 (US$ Mn)
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Global Continuous Glucose Monitoring system Market Share by Region, Basis Points Analysis 2015–2020
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Global Continuous Glucose Monitoring System Market Y-o-Y Growth by Region, 2014–2020
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Global Continuous Glucose Monitoring System Market Attractiveness Index by Region
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Global Continuous Glucose Monitoring System Market Value Forecast by Region, 2015–2020 (US$ Mn)
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Global Continuous Glucose Monitoring System Performance Index by Region
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Global Continuous Glucose Monitoring System Market Share by Top Companies and BPS Analysis 2015–2020
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Global Continuous Glucose Monitoring System Top Companies Y-o-Y Growth, 2014–2020
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Medtronic plc Value & Y-o-Y Growth in Continuous Glucose Monitoring System Market,2013–2020 (US$ Mn)
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Absolute $ Opportunity of Medtronic plc in Continuous Glucose Monitoring Market,2013–2020 (US$ Mn)
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Dexcom, Inc., Value & Y-o-Y Growth in Continuous Glucose Monitoring System Market 2013–2020 (US$ Mn)
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Absolute $ Opportunity of Dexcom, Inc., in Continuous Glucose Monitoring System Market 2013–2020 (US$ Mn)
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Continuous Glucose Monitoring Market Value & Y-o-Y Growth of Abbott,2013–2020 (US$ Mn)
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Absolute $ Opportunity of Abbott in Continuous Glucose Monitoring Market, 2013–2020 (US$ Mn)
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