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Continuous Glucose Monitoring Systems Market

Market Insights on Continuous Glucose Monitoring Systems covering sales outlook, demand forecast & up-to-date key trends

Continuous Glucose Monitoring Systems Market By Component (Transmitter & monitor, Sensor, Insulin Pump), End-user (Household, and hospitals, Diagnostics Centers) & Region - Forecast to 2015 - 2020

Introduction

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 are diabetes care devices that 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, glucose 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).

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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 device 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.

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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.

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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.

  • 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

  • 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.

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Key Segments Covered in the continuous glucose monitoring system Market

Component

  • Transmitter & monitor
  • Sensor
  • Insulin Pump

End-user

  • Household, and hospitals
  • Diagnostics Centres

Key Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • APEJ
  • Middle East & Africa

Frequently Asked Questions

The continuous glucose monitoring systems market is likely to secure a CAGR of 10.8% through 2032.

The continuous glucose monitoring systems market size is estimated to cross US$ 19.95 Bn by 2032.

The continuous glucose monitoring systems market is likely to record a value of US$ 5.68 Bn in 2022.

Asia Pacific is likely to lead the continuous glucose monitoring systems market.

Table of Content

1. Executive Summary

2. Research Methodology

3. Assumptions & Acronyms Used

4. Market Overview

    4.1. Market Introduction- Global Continuous Glucose Monitoring Systems Market

        4.1.1. Market Definition

        4.1.2. Market Taxonomy 

    4.2. Global Continuous Glucose Monitoring Systems Market

        4.2.1. Global Continuous Glucose Monitoring Systems Market Size (US $ Mn)

        4.2.2. Recent Developments

    4.3. Market Dynamics- Global Continuous Glucose Monitoring Systems Market

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Market Trends

5. Global Continuous Glucose Monitoring Systems Market Analysis, By End Use, 2015- 2020 

    5.1. Introduction

    5.2. Market Share & BPS Analysis

    5.3. Y-o-Y growth Comparison

    5.4. Household Continuous Glucose Monitoring Systems Market Analysis & Forecast

        5.4.1. Market Size & Forecast By Value

        5.4.2. Absolute $ Opportunity

    5.5. Hospital & Diagnosis Centre Continuous Glucose Monitoring Systems Market Analysis & Forecast

        5.5.1. Market Size & Forecast By Value

        5.5.2. Absolute $ Opportunity

    5.6. Market Attractiveness Analysis By End Use

6. Global Continuous Glucose Monitoring Systems Market Analysis, By Component, 2015- 2020

    6.1. Introduction

    6.2. Market Share and BPS Analysis

    6.3. Y-o-Y growth Comparison

    6.4. Transmitter & Monitor Market Analysis & Forecast

        6.4.1. Market Size & Forecast By Value 

        6.4.2. Absolute $ Opportunity

    6.5. Sensor Market Analysis & Forecast

        6.5.1. Market Size & Forecast By Value

        6.5.2. Absolute $ Opportunity

    6.6. Insulin Pump Market Analysis & Forecast

        6.6.1. Market Size & Forecast By Value

        6.6.2. Absolute $ Opportunity

    6.7. Market Attractiveness Analysis By Component

7. Global Continuous Glucose Monitoring Systems Market Analysis, By region, 2015- 2020

    7.1. Introduction

    7.2. Market Share and BPS Analysis

    7.3. Y-o-Y growth Comparison

    7.4. North America Market Analysis & Forecast

        7.4.1. Y-o-Y Growth Rate

        7.4.2. Market Size & Forecast By Value

        7.4.3. Impact Analysis of Drivers

    7.5. Latin America Market Analysis & Forecast

        7.5.1. Y-o-Y Growth Rate   

        7.5.2. Market Size & Forecast By Value

        7.5.3. Impact Analysis of Drivers

    7.6. Western Europe Market Analysis & Forecast

        7.6.1. Y-o-Y Growth Rate

        7.6.2. Market Size & Forecast By Value

        7.6.3. Impact Analysis of Drivers

    7.7. Eastern Europe Market Analysis & Forecast

        7.7.1. Y-o-Y Growth Rate

        7.7.2. Market Size & Forecast By Value

        7.7.3. Impact Analysis of Drivers

    7.8. Asia Pacific Market Analysis & Forecast

        7.8.1. Y-o-Y Growth Rate

        7.8.2. Market Size & Forecast By Value

        7.8.3. Impact Analysis of Drivers

    7.9. Middle East & Africa  Market Analysis & Forecast

        7.9.1. Y-o-Y Growth Rate

        7.9.2. Market Size & Forecast By Value

        7.9.3. Impact Analysis of Drivers

    7.10. Japan  Market Analysis & Forecast

        7.10.1. Y-o-Y Growth Rate

        7.10.2. Market Size & Forecast By Value

        7.10.3. Impact Analysis of Drivers

    7.11. Market Attractiveness Index, By Region

8. Analysis of Top Companies in Continuous Glucose Monitoring Systems Market 2015- 2020

    8.1. Introduction

    8.2. Market Share and BPS Analysis

    8.3. Y-o-Y Growth Comparison

    8.4. Medtronic plc. Company Analysis

        8.4.1. Y-o-Y Growth Forecast

        8.4.2. Company Revenue Forecast

        8.4.3. Absolute $ Opportunity

    8.5. Dexcom Inc., Company Analysis

        8.5.1. Y-o-Y Growth Forecast

        8.5.2. Company Revenue Forecast

        8.5.3. Absolute $ Opportunity 

    8.6. Abbott Laboratories Limited Company Analysis

        8.6.1. Y-o-Y Growth Forecast

        8.6.2. Company Revenue Forecast

        8.6.3. Absolute $ Opportunity 

9. Global Continuous Glucose Monitoring Systems Market- Competitive Landscape

    9.1. Company Profiles

        9.1.1. Medtronic plc.

            9.1.1.1. Overview

            9.1.1.2. Regional Presence

            9.1.1.3. Segment Revenue

            9.1.1.4. Product Offerings

            9.1.1.5. Strategy Overview

            9.1.1.6. Key Developments  

        9.1.2. Dexcom Inc.

            9.1.2.1. Overview

            9.1.2.2. Regional Presence

            9.1.2.3. Segment Revenue

            9.1.2.4. Product Offerings

            9.1.2.5. Strategy Overview

            9.1.2.6. Key Developments 

        9.1.3. Abbott Laboratories Limited

            9.1.3.1. Overview

            9.1.3.2. Regional Presence

            9.1.3.3. Segment Revenue

            9.1.3.4. Product Offerings

            9.1.3.5. Strategy Overview

            9.1.3.6. Key Developments

        9.1.4. Roche Holdings Ag.

            9.1.4.1. Overview

            9.1.4.2. Regional Presence

            9.1.4.3. Segment Revenue

            9.1.4.4. Product Offerings

            9.1.4.5. Strategy Overview

            9.1.4.6. Key Developments

        9.1.5. Animas Corporation

            9.1.5.1. Overview

            9.1.5.2. Regional Presence

            9.1.5.3. Segment Revenue

            9.1.5.4. Product Offerings

            9.1.5.5. Strategy Overview

            9.1.5.6. Key Developments

        9.1.6. Glysens Incorporated

            9.1.6.1. Overview

            9.1.6.2. Regional Presence

            9.1.6.3. Segment Revenue

            9.1.6.4. Product Offerings

            9.1.6.5. Strategy Overview

            9.1.6.6. Key Developments

        9.1.7. Ypsomed AG

            9.1.7.1. Overview

            9.1.7.2. Regional Presence

            9.1.7.3. Segment Revenue

            9.1.7.4. Product Offerings

            9.1.7.5. Strategy Overview

            9.1.7.6. Key Developments

        9.1.8. Bayer AG

            9.1.8.1. Overview

            9.1.8.2. Regional Presence

            9.1.8.3. Segment Revenue

            9.1.8.4. Product Offerings

            9.1.8.5. Strategy Overview

            9.1.8.6. Key Developments

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List of Tables

  1. Global Continuous Glucose Monitoring Systems Market Value Forecast by End Use, 2013–2020 (US$ Mn)

  2. Global Continuous Glucose Monitoring Systems Market Value Forecast by Component, 2013–2020 (US$ Mn) 

  3. Global Continuous Glucose Monitoring Systems Market Value Forecast by Region, 2013–2020 (US$ Mn) 

  4. Continuous Glucose Monitoring Systems Top Companies Revenue Forecast, 2013–2020 (US$ Mn)

Sabyasachi Ghosh
Principal Consultant
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List of Charts

  1. Global Continuous Glucose Monitoring Systems Market Value Forecast & Y-o-Y Growth, 2013–2020 (US$ Mn)

  2. Global Continuous Glucose Monitoring Systems Market Absolute $ Opportunity, 2013–2020 (US$ Mn)

  3. Global Continuous Glucose Monitoring Systems Market Share by End Use, BPS Analysis 2015–2020

  4. Global continuous Glucose Monitoring System Market Value Forecast by End Use Industries, 2015–2020 (US$ Mn)

  5. Global Continuous Glucose Monitoring System Y-o-Y Growth by End Use Industries, 2014–2020

  6. Household Segment Value & Y-o-Y Growth in Continuous Glucose Monitoring Systems Market, 2013–2020 (US$ Mn)

  7. Absolute $ Opportunity of Household Segment in Continuous Glucose Monitoring System Market, 2013–2020 (US$ Mn)

  8. Hospitals and Diagnosis Centres Segment Value & Y-o-Y Growth in Continuous Glucose Monitoring Systems,n 2013–2020 (US$ Mn)

  9. Hospitals and Diagnosis Centre Segment Absolute $ Opportunity in Continuous Glucose Monitoring Systems Market, 2013–2020 (US$ Mn)

  10. Global Continuous Glucose Monitoring Systems Market Share by Component, Basis Points Analysis 2015–2020

  11. Global Continuous Glucose Monitoring Systems Market Value Forecast by Component, 2015–2020 (US$ Mn)

  12. Global Continuous Glucose Monitoring System Y-o-Y Growth by Component, 2014–2020

  13. Global CGMS Market Value & Y-o-Y Growth by Transmitter & Monitor Segment,2013–2020 (US$ Mn)

  14. Global CGMS Market Absolute $ Opportunity By Transmitter & Monitor Segment, 2013–2020 (US$ Mn)

  15. Global CGMS Market Value & Y-o-Y Growth by Sensor Segment,2013–2020 (US$ Mn)

  16. Global CGMS Absolute $ Opportunity By Sensor Segment, 2013–2020 (US$ Mn)

  17. Global CGMS Market Value & Y-o-Y Growth by Insulin Pump Segment,2013–2020 (US$ Mn)

  18. Global CGMS Market Absolute $ Opportunity By Insulin Pump Segment, 2013–2020 (US$ Mn)

  19. Global Continuous Glucose Monitoring system Market Share by Region, Basis Points Analysis 2015–2020

  20. Global Continuous Glucose Monitoring System Market Y-o-Y Growth by Region, 2014–2020

  21. Global Continuous Glucose Monitoring System Market Attractiveness Index by Region

  22. Global Continuous Glucose Monitoring System Market Value Forecast by Region, 2015–2020 (US$ Mn)

  23. Global Continuous Glucose Monitoring System Performance Index by Region

  24. Global Continuous Glucose Monitoring System Market Share by Top Companies and BPS Analysis 2015–2020

  25. Global Continuous Glucose Monitoring System Top Companies Y-o-Y Growth, 2014–2020

  26. Medtronic plc Value & Y-o-Y Growth in Continuous Glucose Monitoring System Market,2013–2020 (US$ Mn)

  27. Absolute $ Opportunity of Medtronic plc in Continuous Glucose Monitoring Market,2013–2020 (US$ Mn)

  28. Dexcom, Inc., Value & Y-o-Y Growth in Continuous Glucose Monitoring System Market 2013–2020 (US$ Mn)

  29. Absolute $ Opportunity of Dexcom, Inc., in Continuous Glucose Monitoring System Market  2013–2020 (US$ Mn)

  30. Continuous Glucose Monitoring Market Value & Y-o-Y Growth of Abbott,2013–2020 (US$ Mn)

  31. Absolute $ Opportunity of Abbott in Continuous Glucose Monitoring Market, 2013–2020 (US$ Mn)

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Continuous Glucose Monitoring Systems Market