Continuous Glucose Monitoring (CGM) Devices Market by Component (Transmitters, Receivers, Insulin Pumps and Sensors) and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa)- Size, Share, Trends, and Forecast 2019 - 2027

  • Published On : Aug 2019 |
  • Pages : 190 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Continuous Glucose Monitoring (CGM) Devices Market– Companion for Efficient Diabetes Management

Continuous Glucose Monitoring (CGM) devices provide real-time information on blood glucose levels, less invasively than conventional glucose monitoring devices, marking a remarkable change in diabetes care. Continuous glucose monitoring devices automatically tracks blood sugar levels throughout the day that can be analyzed to make more informed decisions throughout the day about how to balance your food, physical activity, and medicines.

Effective approach such as continuous glucose monitoring can prevent the complications associated with diabetes as well as premature death that can result from all types of diabetes. CGM system requires less number of finger sticks and allows for data from the device to be transferred and shared for further analysis. The rise in continuous glucose monitoring market is majorly attributed to the rise in incidence of diabetes and to curb the complications associated with the disease.

The global continuous glucose monitoring (CGM) devices market was valued at US$ 3,807.3 million in 2018 and is expected to witness a robust CAGR of 24.8% over the forecast period (2019- 2027).

Figure 1. Global Continuous Glucose Monitoring (CGM) Devices Market, by Region, 2018 (US$ Mn)

Continuous Glucose Monitoring (CGM)  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Rise in incidence of diabetes to augment the continuous glucose monitoring devices market growth

Diabetes is a chronic disease that occurs either when the pancreas does not produce enough insulin or when the body cannot effectively use the insulin it produces. According to the World Health Organization, 2016, an estimated 422 Million adults are living with diabetes globally, where the dramatic increase in incidence of type 2 diabetes mainly attributed to obesity. CGM plays a vital role in diabetes management as it offers early detection which can inhibit the risks associated with diabetes such as heart attack, stroke, kidney failure, leg amputation, vision loss and nerve damage.

North America is expected to dominate the CGM devices market owing to the product launch by market players for efficient glucose monitoring and rise in incidence of diabetes in the region. According to the Centers for Disease Control and Prevention, 2015, an estimated 23.1 million people or 7.2% of the U.S. population had diagnosed diabetes which included 132,000 children and adolescents younger than age 18 years.

Moreover, in 2016, Dexcom G5 Mobile CGM system launched by Dexcom, Inc. received approval from Health Canada, for non-adjunctive use, thus making a new standard of care for diabetes management in Canada.

However, lack of accuracy of CGM devices, need for frequent calibration, and inconsistency of Medicare reimbursement are the major factors restraining the market growth. The Centers for Medicare and Medicaid Services have stated that the CGM systems do not meet the official definition of durable medical equipment (DME), which keeps them falling under the DME category.

Higher convenience offered by the CGM devices over self-monitoring devices to accelerate the continuous glucose monitoring (CGM) devices market 

The CGM displays a glucose trend graph and direction arrows allowing people with diabetes to anticipate approaching glucose highs and lows, thus alerting the wearer during distracted times like playing, sleeping or exercising. The CGM devices market is expected to gain a significant traction in Asia Pacific owing to the collaborations between endocrinologists, credentialed diabetes educators and stakeholder organizations for diabetes prevention.

In 2017, National Diabetes Services Scheme (NDSS) initiated by Australian Government provided fully subsidized continuous glucose monitoring (CGM) products to eligible children and young people aged under 21 years with type 1 diabetes. NDDS also funded US$35 million to the JDRF Clinical Research Network to help find a cure for juvenile diabetes. Additionally, the Government also funded Insulin Pump Programme to increase the affordability of insulin pumps to people with type 1 diabetes who don’t have access to private health insurance.

Some of the major players operating in the global continuous glucose monitoring (CGM) devices market are Medtronic, Dexcom, Inc., Abbott Laboratories, Medtrum Technologies, Inc., Tandem Diabetes Care, Senseonics, Glycens, Insulet Corporation, and Nemaura Medical, Inc., STMicroelectronics, NXP Semiconductors, Qualcomm, Taiwan Semiconductor Manufacturing Company Limited, GE Healthcare, Microchip Technology Inc., Texas Instruments Inc. and Micron Technology Inc.

The continuous glucose monitoring (CGM) devices provide insights about the glucose levels of the diabetic patient throughout the day. CGM is mostly used by patients with type 1 and type 2 diabetes for better glucose control to improve the health and quality of their lives. Moreover, the integration of smartphone for easy diabetes management and cloud based data storage are the key features of the currently available CGM devices which have contributed to the drastic adoption of the CGM systems. The CGM devices displays a complete picture of glucose trends with a graphical display and customizable alerts to indicate the disturbances in glucose status.

Market Dynamics

The major factors driving growth of the continuous glucose monitoring (CGM) devices market include rapid technological advancements and convenience offered by the continuous glucose monitoring devices over the self-monitoring devices such as minimized finger pricks and special software for data tracking.

Moreover, the rising adoption of the CGM devices for gestational diabetes monitoring in pregnant women is expected to accelerate the demand for continuous glucose monitoring devices in the forecast period as diabetes management is important with respect to the pregnancy outcomes. According to the survey by Diabetes Digital Media Ltd., 2016, gestational diabetes is estimated to account for 3-5% of all pregnancies, i.e., 1 in 20 pregnant women will develop gestational diabetes globally.

However, A CGM system is more expensive than using a standard glucose meter as the sensor lifetime is a major factor affecting the cost, inconvenience and user acceptance. Also, health plans, insurance companies, and governments in most countries do not provide reimbursement for CGM, thus the patients have become reluctant towards the adoption of CGM, which costs approximately US$ 3,000 per year per patient, thus restraining market growth.

Key features of the study:

  • This report provides in-depth analysis of continuous glucose monitoring (CGM) devices market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global continuous glucose monitoring (CGM) devices market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Medtronic, Dexcom, Inc., Abbott Laboratories, Medtrum Technologies, Inc., Tandem Diabetes Care, Senseonics, Glycens, Insulet Corporation, and Nemaura Medical, Inc., STMicroelectronics, NXP Semiconductors, Qualcomm, Taiwan Semiconductor Manufacturing Company Limited, GE Healthcare, Microchip Technology Inc., Texas Instruments Inc. and Micron Technology Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
  • The global continuous glucose monitoring (CGM) devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the continuous glucose monitoring (CGM) devices market

Detailed Segmentation:

  • Global Continuous Glucose Monitoring (CGM) Devices Market, By Component:
    • Transmitters
    • Receivers
    • Insulin Pumps
    • Sensors
  • Global Continuous Glucose Monitoring (CGM) Devices Market, By Geography:
    • North America
      • By Component:
        • Transmitters
        • Receivers
        • Insulin Pumps
        • Sensors
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Component:
        • Transmitters
        • Receivers
        • Insulin Pumps
        • Sensors
      • By Country:
        • Brazil
        • Mexico
        • Rest of Latin America
    • Europe
      • By Component:
        • Transmitters and Receivers
        • Insulin Pumps
        • Sensors
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Component:
        • Transmitters
        • Receivers
        • Insulin Pumps
        • Sensors
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Component:
        • Transmitters
        • Receivers
        • Insulin Pumps
        • Sensors
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Component:
        • Transmitters
        • Receivers
        • Insulin Pumps
        • Sensors
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Medtronic *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Dexcom, Inc.
    • Abbott Laboratories
    • Medtrum Technologies, Inc.
    • Tandem Diabetes Care
    • Senseonics
    • Glycens
    • Insulet Corporation
    • Nemaura Medical, Inc.
    • STMicroelectronics
    • NXP Semiconductors
    • Qualcomm
    • Taiwan Semiconductor Manufacturing Company Limited
    • GE Healthcare
    • Microchip Technology Inc.
    • Texas Instruments Inc.
    • Micron Technology Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • Benefits and Uses
    • Regulatory Scenario
    • Reimbursement Scenario
    • Epidemiology
    • PEST Analysis
    • Market Share by Competitive Players
    • Segment Share by Major Market Players
    • Major Market Players- Segment Units (‘000)
  4. Global Continuous Glucose Monitoring (CGM) Devices Market, By Component, 2016–2027, (US$ Million)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2016–2027
      • Segment Trends
    • Transmitters
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million)
    • Receivers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million)
    • Insulin Pumps
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million)
    • Sensors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016–2027, (US$ Million)
  5. Global Continuous Glucose Monitoring (CGM) Devices Market, By Region, 2016 – 2027, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2016–2027
    • North America
      • Market Size and Forecast, By Component, 2016–2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016–2027, (US$ Million)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Component, 2016–2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016–2027, (US$ Million)
        • Brazil
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Component, 2016–2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016–2027, (US$ Million)
        • Germany
        • U.K.
        • France           
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Component, 2016–2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016–2027, (US$ Million)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of APAC
    • Middle East
      • Market Size and Forecast, By Component, 2016–2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016–2027, (US$ Million)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Component, 2016–2027, (US$ Million)
      • Market Size and Forecast, By Country, 2016–2027, (US$ Million)
        • South Africa
        • Central Africa
        • North Africa
  6. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Medtronic*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Dexcom, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Abbott Laboratories
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Medtrum Technologies, Inc.
        •  Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Tandem Diabetes Care
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Senseonics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Glycens
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Insulet Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Nemaura Medical, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • STMicroelectronics
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • NXP Semiconductors
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Qualcomm
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Taiwan Semiconductor Manufacturing Company Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • GE Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Microchip Technology Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Texas Instruments Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Micron Technology Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
    • Analyst Views
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 35 market data tables and 26 figures on "Continuous Glucose Monitoring (CGM) Devices Market - Global forecast to 2027”.

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