Latin America Continuous Glucose Monitoring Device Market
Continuous glucose monitoring devices are considered as significant systems for improving diabetes management by providing better and pain-free blood glucose measurement. Continuous glucose monitoring devices marked a remarkable change in diabetes care, as these devices provide real-time information on blood glucose levels, non-invasively than conventional glucose monitoring devices. Continuous glucose monitoring devices constantly tracks the blood glucose level throughout the day. This device consists of various components such as sensors, transmitters, and receivers for measuring and analyzing the glucose levels.
Market Dynamics
Latin America continuous glucose monitoring device market is expected to witness significant growth over the forecast period, owing to increasing incidence of diabetes in Latin American countries which may result in increasing demand for continuous glucose monitoring device. For instance, in September 2019, according to report published in the International Journal of Diabetes and Clinical Research, Mexico (13.6%) had the highest prevalence of diabetes, whereas significant differences between urban and rural areas were observed (7.8% and 1.4%, respectively) in Latin America. Latin America had the maximum prevalence of type-2 Diabetes problems.
Furthermore, increasing convenience offered by continuous glucose monitoring devices is expected to drive the growth of the Latin America continuous glucose monitoring device market, as display of glucose trend graph and direction arrows allow diabetic patients to anticipate deflection in glucose highs and lows regularly throughout the day, this may increase demand for continuous glucose monitoring devices, which in turn is expected to drive the market growth. Moreover, technological advancements in continuous glucose monitoring components such as use of sensor with long life expectancy in continuous monitoring devices that eliminates the repetitive replacement of sensors is expected to generate remarkable revenue in the market over the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
*Browse 33 market data tables and 23 figures on "Latin America Continuous Glucose Monitoring Device Market” - forecast to 2030
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