Global Continuous Glucose Monitoring Systems Market Size Analysis, 2018-2028
| REPORT ID: BKR677 | Domain: Medical Device | Published Date: April 2018 |
The Global Continuous Glucose Monitoring Systems Market Size is estimated to be valued over USD 570 Million in 2018 with CAGR of 6.1% during the forecast period, 2018 – 2028.
The industry is consolidated with Medtronic leading the sales with over 43% of global CGM market share. Much of the demand for such devices is primarily met through personal usage. However, its share is also gaining prominence in hospital and other allied sectors. Demand for such devices will be higher in future owing to increasing prevalence rate of diabetes along with increased healthcare spending in developing regions.
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Global Continuous Glucose Monitoring Market Outlook, 2018-2028
Point of Care solutions is key Continuous Glucose Monitoring Systems Market Driver
Diabetes is a global disease causing billions of revenue loss. Diabetes in U.S. has high prevalence rate with estimated 23 million people diagnosed with diabetes each year at a cost of over US$ 245 billion each year. The scenario is quite similar across the world with emerging regions gaining higher prevalence. Effective management of the disease is necessary for healthy lifestyle. As such, many accessories and management services has witnessed increased sales in last five years. CGM the most sought systems for disease management. This is also attributed the fact that there has been high demand for point of care solutions in healthcare.
Global Continuous Glucose Monitoring Systems Market Analysis, By End-use
By end-use, CGM systems market size is analyzed across diagnostic centers, clinics, hospitals, and personal usage. In 2017, personal usage with USD 330 million dominated the global CGM systems market sales. Increasing healthcare spending and out-of-pocket spending will create new market opportunity in developing regions creating higher sales especially for personal usage.
Global Continuous Glucose Monitoring Systems Market Size and Forecast: Regional Analysis
Globally, North America and Western Europe will collectively account for 69% of CGM market share in 2018. Rapid adoption of newer technologies coupled with higher prevalence rate of diabetes is expected to boost the overall CGM sales in the region. The region has the highest healthcare spending of above 13%. As such, penetration rate is quite high in these regions. Furthermore, companies are adopting online sales channel to strengthen their market presence in the region.
Asia Pacific has lower penetration rate, however, changing regulatory scenario along with boost in macroeconomic scenario has led to boost in overall sales of the CGM in last few years. The region will register double digit growth crating very high incremental opportunity for industry players. The completion in the region is expected to heighten with major players strengthening their distribution and sales network in India and China. Though the region will offer high incremental opportunity, India and China are highly volatile market and as such, needs to be agile with good product level strategy to ensure long term profitability.
Global Continuous Glucose Monitoring Systems Market Size and Forecast: Competition Landscape
Some key global CGM market players are Medtronic plc, Dexcom, Inc., Dexcom Inc., Bayer AG, Medtronic, Inc., Ypsomed AG, GlySens Incorporated, Abbott Laboratories, Roche Diagnostics, Sensionics Incorporated, Nova Biomedical Corporation, Animas Corporation, and Insulet Corporation.
Major companies are not only focusing on distribution network but also product level CGM market strategy to maintain share worldwide. In last few years, various product level models were launched in North America and Europe. In 2016, Medtronic received CE (Conformité Européenne) for its new Guardian Connect mobile CGM system for people with diabetes using insulin injection therapy.
Furthermore, companies are actively adopting newer technologies to meet the consumer demand. One such recent trend is CGM platform on mobile. Recently, in 2017, Dexcom received FDA approval for Dexcom G5 mobile app for Android devices. Similar such developments are expected to take place during the forecast period.
Continuous Glucose Monitoring Systems Market Industry Segmentation
By Component:
- Transmitters
- Sensors
- Pumps
By End-use:
- Hospitals
- General Clinics
- Diagnostic Centers
- Diabetic Clinics
- Household Usage (Personal Usage)
What Will You Discover in the Report?
- An in-depth analysis of the Continuous Glucose Monitoring Systems market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Continuous Glucose Monitoring Systems market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Continuous Glucose Monitoring Systems market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Continuous Glucose Monitoring Systems industry during the forecast period
- Who are the Continuous Glucose Monitoring Systems industry leaders and what are the key initiatives taken by them for long term growth
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Continuous Glucose Monitoring Systems Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Continuous Glucose Monitoring Systems Market Value
- Overall Market Forecast
- Continuous Glucose Monitoring Systems Growth Outlook, By Segments
- Continuous Glucose Monitoring Systems Growth Scenario, by Region
- The Continuous Glucose Monitoring Systems Industry Ecosystem
- Parent Market Overview
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- Macro Factor Relational Value Analysis
- The Continuous Glucose Monitoring Systems Industry Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Macroeconomic Factors
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- Drivers
- The Continuous Glucose Monitoring Systems Market Pricing Analysis
- Continuous Glucose Monitoring Systems Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Continuous Glucose Monitoring Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Continuous Glucose Monitoring Systems Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Continuous Glucose Monitoring Systems Market Size and Forecast, (2017-2028)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Continuous Glucose Monitoring Systems Industry Size and Forecast, By Segments
By Component:
- Transmitters
- Sensors
- Pumps
By End-use:
- Hospitals
- General Clinics
- Diagnostic Centers
- Diabetic Clinics
- Household Usage (Personal Usage)
- North America Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Continuous Glucose Monitoring Systems Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Continuous Glucose Monitoring Systems Market, By Segments (As mentioned in section 10 of TOC)
- S. Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- Canada Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- Latin America Continuous Glucose Monitoring Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Continuous Glucose Monitoring Systems Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Continuous Glucose Monitoring Systems Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Continuous Glucose Monitoring Systems industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Continuous Glucose Monitoring Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Continuous Glucose Monitoring Systems Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Continuous Glucose Monitoring Systems Market, By Segments (As mentioned in section 10 of TOC)
- Germany Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Continuous Glucose Monitoring Systems industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Continuous Glucose Monitoring Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Continuous Glucose Monitoring Systems Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Continuous Glucose Monitoring Systems Market, By Segments (As mentioned in section 10 of Continuous Glucose Monitoring Systems Market TOC)
- Russia Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Continuous Glucose Monitoring Systems industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Continuous Glucose Monitoring Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Continuous Glucose Monitoring Systems Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Continuous Glucose Monitoring Systems Market, By Segments (As mentioned in section 10 of TOC)
- Japan Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Continuous Glucose Monitoring Systems industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Continuous Glucose Monitoring Systems Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Continuous Glucose Monitoring Systems Market Analysis
- Industry Size and Forecast, (2017-2028)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Continuous Glucose Monitoring Systems Market, By Segments (As mentioned in section 10 of TOC)
- GCC Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Continuous Glucose Monitoring Systems industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Continuous Glucose Monitoring Systems Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Continuous Glucose Monitoring Systems Industry Size and Forecast, (2017-2028)
- Africa Continuous Glucose Monitoring Systems Industry Share (%)
- Africa Continuous Glucose Monitoring Systems Industry Growth Forecast (%)
- South Africa Continuous Glucose Monitoring Systems Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Continuous Glucose Monitoring Systems industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Continuous Glucose Monitoring Systems Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- Medtronic plc,
- Dexcom, Inc.,
- Bayer AG,
- Medtronic, Inc.,
- Ypsomed AG,
- GlySens Incorporated,
- Abbott Laboratories,
- Roche Diagnostics,
- Sensionics Incorporated,
- Nova Biomedical Corporation,
- Animas Corporation,
- Insulet Corporation.
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Continuous Glucose Monitoring Systems industry TOC and sample research pages, download sample.
Continuous Glucose Monitoring Systems Market Report Structure
Continuous Glucose Monitoring Systems Industry Dynamics
This section enables Continuous Glucose Monitoring Systems industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Continuous Glucose Monitoring Systems market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Continuous Glucose Monitoring Systems industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Continuous Glucose Monitoring Systems Industry Trends
- Continuous Glucose Monitoring Systems Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Continuous Glucose Monitoring Systems Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Continuous Glucose Monitoring Systems industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Continuous Glucose Monitoring Systems industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Continuous Glucose Monitoring Systems market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Continuous Glucose Monitoring Systems Market Size
- S.
- Canada
Latin America Continuous Glucose Monitoring Systems Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Continuous Glucose Monitoring Systems Market value analyzed across each Latin America country)
Western Europe Continuous Glucose Monitoring Systems Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Continuous Glucose Monitoring Systems Market value analyzed across each Western Europe country)
Central and Eastern Europe Continuous Glucose Monitoring Systems Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Continuous Glucose Monitoring Systems Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Continuous Glucose Monitoring Systems Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Continuous Glucose Monitoring Systems Market value analyzed across each Asia Pacific country)
Middle East Continuous Glucose Monitoring Systems Industry Size
- GCC
- Israel
- Rest of Middle East
(*Continuous Glucose Monitoring Systems Market value analyzed across each Middle East country)
Africa Continuous Glucose Monitoring Systems Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Continuous Glucose Monitoring Systems Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Continuous Glucose Monitoring Systems Market Growth Forecasting Methodology
In order to prepare historical data and analyze Continuous Glucose Monitoring Systems market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Continuous Glucose Monitoring Systems market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Continuous Glucose Monitoring Systems market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, patients turnaround, spending patterns, healthcare amenities, and GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on these factors across targeted countries. Under this, co-relation is analyzed between product and the said parameters– resulting in a constant Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Continuous Glucose Monitoring Systems industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides Market Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Continuous Glucose Monitoring Systems Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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