Diabetes is a chronic condition brought on by either insufficient insulin production by the pancreas or inefficient insulin utilisation by the body. For instance, the World Health Organization reports that diabetes was the tenth largest cause of mortality globally in 2019 and is directly responsible for an estimated 1.5 million deaths. 9 million persons worldwide have type 1 diabetes in 2017. The bulk of the approximately 422 million individuals with diabetes globally reside in low- and middle-income nations, and diabetes is directly responsible for 1.5 million fatalities annually. By 2045, the International Diabetes Federation (IDF) predicts that 700 million adults would have diabetes worldwide.
The global Continuous Glucose Monitoring (CGM) Devices Market is estimated to be valued at US$ 8,865.65 million in 2022 and is expected to exhibit a CAGR of 24.8% during the forecast period (2022-2030).
Key Companies in the Continuous Glucose Monitoring (CGM) Devices Industry :
Medtronic Plc.
The company was founded in 1949 and is headquartered in Dublin, Ireland. Medtronic plc develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients worldwide. On June 2022, India Medtronic Private limited, a wholly-owned subsidiary of Medtronic plc, announced the launch of CE marked fourth-generation flow diverter, Pipeline Vantage with Shield Technology for the endovascular treatment of brain aneurysms.
Abbott Laboratories
Abbott is a global healthcare leader in medical products and devices manufacturing. It serves people in more than 160 countries. Abbott was established in 1888. Abbott launched its Navitor its latest generation transcatheter aortic valve implantation (TAVI) system to treat Aortic Stenosis in India.
STMicroelectronics
STMicroelectronics N.V., together with its subsidiaries, designs, develops, manufactures, and sells semiconductor products. STMicroelectronics N.V. was incorporated in 1987 and is headquartered in Geneva, Switzerland. In December, 2022 STMicroelectronics has released high-power modules for electric vehicles that boost performance and driving range.