The global continuous glucose monitoring (CGM) market is projected to reach $16,574 million by 2025 from 2016 value of $830 million growing at a CAGR of 33.5% during 2017 - 2025.
Portland, OR -- (SBWIRE) -- 07/20/2017 -- The global continuous glucose monitoring (CGM) market is projected to reach $16,574 million by 2025 from 2016 value of $830 million growing at a CAGR of 33.5% during 2017 - 2025.Continuous glucose monitor (CGM) system chiefly consists of three major components, namely sensors, transmitters & receivers and Insulin Pumps. However, in conventional CGM systems, insulin pumps were optional, whereas they are an integral part of modern CGMs. CGMs are more expensive than the conventional glucose monitoring systems. Technological innovation such as launch of artificial pancreas has taken diabetic care management to a next level. Recently, artificial pancrea got FDA approval. Thus, advancement in CGM systems makes possible early detection of hypoglycemia in an easy manner in comparison to infrequent point-of-care glucose meter measurements. However, there are few limitations associated with the CGMs, as they do not replace finger prick method for accurate readings, they require skill and training in diabetes management and they are not yet covered by majority of the insurance providers.
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Currently CGMs are chiefly used in home settings, diagnosed centers and hospitals. Main use of CGMs are for continuously monitoring the glucose level irrespective of the location and its usage is almost hassle free and hence is comfortably used in home settings. Diagnostics center is another application area which is also gaining popularity due to increase in use in case studies so as to allow effective reporting methods of glucose levels. Currently, adoption of CGMs in the hospitals settings currently is not overwhelming however it is expected to gain a boost in next three to four years as it offers benefits in ICU medication such as:
Detection of hypo-hyperglycemia
Prediction of future glucose levels
Instant feedback regarding treatment
Improved patient comfort
Assistance with insulin dose
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The report ranks the factors that are responsible to accelerate the market growth driven by upper hand of CGM over Self-monitoring glucose devices, approval for artificial pancreas and many more.
Market is forecast for the period 2017 - 2025 with market revenues for 1 historic years 2016.
Identification and analysis of key pockets of investment for CGM manufacturers.
Identification of challenges that must be addressed and overcome in the CGM market to achieve fiscal success throughout the market.
Analysis of regulatory framework that regulates introduction of new CGM and puts light on reimbursement scenario.
The report identifies and profiles key market participants that would drive innovation in the CGM market.
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Table Of Contents:
CHAPTER 1 INTRODUCTION
1.1 Objectives and Scope
1.2 Report Description
1.3 Key Benefits of the Report
1.4 Research Methodology
CHAPTER 2 EXECUTIVE SUMMARY
CHAPTER 3 GLOBAL CONTINUOUS GLUCOSE MONITORS MARKET OVERVIEW
3.1 Healthcare Expenditure on Diabetes Worldwide
3.2 Type-1 Diabetics to Remain Key Target for CGM Market
CHAPTER 4 CONTINUOUS GLUCOSE MONITORING SYSTEMS MARKET - BY DEVICES
4.1 Transmitter and Receivers
4.2.1 Market Trend
CHAPTER 5 CONTINUOUS GLUCOSE MONITORING SYSTEM MARKET - BY APPLICATION
5.3 Home Settings
5.4 Role of CGM in Private Practice