Australia Continuous Glucose Monitoring Devices Market Size & Outlook
Australia continuous glucose monitoring devices market, 2018-2030 (US$M)
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Australia continuous glucose monitoring devices market highlights
- The Australia continuous glucose monitoring devices market generated a revenue of USD 74.7 million in 2022 and is expected to reach USD 152.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.3% from 2023 to 2030.
- In terms of segment, sensors was the largest revenue generating product in 2022.
- Insulin Pumps is the most lucrative product segment registering the fastest growth during the forecast period.
Continuous glucose monitoring devices market data book summary
| Market revenue in 2022 | USD 74.7 million |
| Market revenue in 2030 | USD 152.2 million |
| Growth rate | 9.3% (CAGR from 2022 to 2030) |
| Largest segment | Sensors |
| Fastest growing segment | Insulin Pumps |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensors, Transmitter & Receiver, Insulin Pumps |
| Key market players worldwide | DexCom Inc, Abbott Laboratories, Medtronic PLC, Ypsomed Holding AG, Senseonics Holdings Inc, A.Menarini Diagnostics, Signos |
Other key industry trends
- In terms of revenue, Australia accounted for 1.8% of the global continuous glucose monitoring devices market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China continuous glucose monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 459.5 million by 2030.
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Continuous Glucose Monitoring Devices Market Scope
Continuous Glucose Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia continuous glucose monitoring devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to continuous glucose monitoring devices market will help companies and investors design strategic landscapes.
Sensors was the largest segment with a revenue share of 35.34% in 2022. Horizon Databook has segmented the Australia continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Diabetes Australia, diabetes is one of the fastest-growing chronic disorders in Australia, growing faster than other chronic disorders, such as cardiovascular diseases and cancer. The occurrence of diabetes in children and young adults is increasing.
Moreover, the increasing incidence of newly diagnosed type 1 & 2 diabetes cases is mainly attributed to obesity, unhealthy diet, and physical inactivity. This is expected to increase the healthcare expenditure in developed countries and improve the demand for diabetic care devices.
Manufacturers are leveraging the trend by focusing on developing advanced, technologically innovative products to capture a larger share of the market. In addition, the prevalence of diabetes is on the rise, which is driving the adoption of CGM devices.
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Our clientele includes a mix of continuous glucose monitoring devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into Australia continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
Australia Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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