South Korea Continuous Glucose Monitoring Devices Market Size & Outlook
South Korea continuous glucose monitoring devices market, 2018-2030 (US$M)
Related Markets
South Korea continuous glucose monitoring devices market highlights
- The South Korea continuous glucose monitoring devices market generated a revenue of USD 58.2 million in 2022 and is expected to reach USD 120.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.5% 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 58.2 million |
| Market revenue in 2030 | USD 120.0 million |
| Growth rate | 9.5% (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, South Korea accounted for 1.4% 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Continuous Glucose Monitoring Devices Market Scope
Continuous Glucose Monitoring Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 36.94% in 2022. Horizon Databook has segmented the South Korea continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
Diabetes poses a significant health challenge in South Korea, with high prevalence rates of type 1 & 2 diabetes among adults. The country faces the dual issue of a substantial number of undiagnosed diabetes cases, worsening the pressing problem.
The aging population and an unhealthy lifestyle contribute to the high prevalence of type 2 diabetes. To prevent complications, it is necessary to provide high-quality care, encompassing thorough monitoring, risk factor control, and active self-management for individuals with type 2 diabetes.
Moreover, to fulfill the regional and global demand for CGM devices, South Korea is considering all the essential steps to support the country’s major players. With an increase in foreign demand for Korean made CGM devices, domestic companies aim for a global market with competitive services & prices.
Reasons to subscribe to South Korea continuous glucose monitoring devices market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of South Korea continuous glucose monitoring devices market databook
-
Our clientele includes a mix of continuous glucose monitoring devices market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 South Korea continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into South Korea continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
South Korea Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
