U.S. Continuous Glucose Monitoring Devices Market Size & Outlook
U.S. continuous glucose monitoring devices market, 2018-2030 (US$M)
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U.S. continuous glucose monitoring devices market highlights
- The U.S. continuous glucose monitoring devices market generated a revenue of USD 1,317.6 million in 2022 and is expected to reach USD 2,530.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 8.5% 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 1,317.6 million |
| Market revenue in 2030 | USD 2,530.5 million |
| Growth rate | 8.5% (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, U.S. accounted for 31.4% 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 North America, U.S. continuous glucose monitoring devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,530.5 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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U.S. 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 36.9% in 2022. Horizon Databook has segmented the U.S. continuous glucose monitoring devices market based on sensors, transmitter & receiver, insulin pumps covering the revenue growth of each sub-segment from 2018 to 2030.
In North America, the U.S. dominated the market in 2023 due to a large diabetic population and favorable reimbursement policies. The high per capita income and increasing healthcare spending are among the key factors likely to drive market growth.
The American Diabetes Association released the Economic Costs of Diabetes in the U.S. report in November 2023, highlighting the economic impact of diabetes in 2022.The report also mentioned that individuals diagnosed with diabetes now contribute to one-fourth of all healthcare expenses in the U.S.
Furthermore, the adoption of smart devices and technological advancements, such as the use of AI & data analytics, are propelling market growth. In addition, Abbott, Medtronic, and Dexcom are some of the key players operating in the U.S. CGM devices market.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. continuous glucose monitoring devices market , including forecasts for subscribers. This country databook contains high-level insights into U.S. continuous glucose monitoring devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. continuous glucose monitoring devices market size, by product, 2018-2030 (US$M)
U.S. Continuous Glucose Monitoring Devices Market Outlook Share, 2022 & 2030 (US$M)
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