China Continuous Glucose Monitoring Devices Market Size & Outlook
China continuous glucose monitoring devices market, 2018-2030 (US$M)
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China continuous glucose monitoring devices market highlights
- The China continuous glucose monitoring devices market generated a revenue of USD 227.0 million in 2022 and is expected to reach USD 476.4 million by 2030.
- The China market is expected to grow at a CAGR of 9.7% from 2023 to 2030.
- In terms of segment, transmitter & receiver 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 227.0 million |
| Market revenue in 2030 | USD 476.4 million |
| Growth rate | 9.7% (CAGR from 2022 to 2030) |
| Largest segment | Transmitter & receiver |
| 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, China accounted for 5.4% 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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China 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.
Transmitter & receiver was the largest segment with a revenue share of 36.56% in 2022. Horizon Databook has segmented the China continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
It is estimated that approximately one in ten individuals in China have diabetes, making it difficult to determine the exact number of cases due to several going undetected. China has now become the country with the highest diabetic population in the world, surpassing India. Diabetes is most prevalent due to urbanization, improved standards of living, and an aging population.
To reduce medical expenses for diabetic and high blood pressure patients, the National Health Commission of China has started reimbursing outpatients for over half of their medication costs. In addition, more hospitals in China are planning to establish National Metabolic Management Centers (MMC) to explore a new model of diabetes treatment.
These MMCs have already provided services to over 200,000 patients in the last 2 years, as reported by China’s National Health Commission statistics. Companies interested in entering China should recognize that they must overcome existing barriers in an ambiguous and changing regulatory environment.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into China continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
China Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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