Market Segmentation
- Continuous Glucose Monitoring Devices Component Outlook (Revenue, USD Million, 2018 - 2030)
- Transmitters
- Sensors
- Receivers
- Continuous Glucose Monitoring Devices Connectivity Outlook (Revenue, USD Million, 2018 - 2030)
- Continuous Glucose Monitoring Devices End Use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals
- Homecare Settings
- Others
- Continuous Glucose Monitoring Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- North America Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- North America Continuous Glucose Monitoring Devices Market, By Connectivity
- North America Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- U.S.
- U.S. Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- U.S. Continuous Glucose Monitoring Devices Market, Connectivity
- U.S. Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Canada
- Canada Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Canada Continuous Glucose Monitoring Devices Market, By Connectivity
- Canada Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Europe
- Europe Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Europe Continuous Glucose Monitoring Devices Market, By Connectivity
- Europe Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- UK
- UKContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- UKContinuous Glucose Monitoring Devices Market, By Connectivity
- UKContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Germany
- GermanyContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- GermanyContinuous Glucose Monitoring Devices Market, By Connectivity
- GermanyContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Italy
- ItalyContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- ItalyContinuous Glucose Monitoring Devices Market, By Connectivity
- ItalyContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- France
- FranceContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- FranceContinuous Glucose Monitoring Devices Market, By Connectivity
- FranceContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Spain
- SpainContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- SpainContinuous Glucose Monitoring Devices Market, By Connectivity
- SpainContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Sweden
- SwedenContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- SwedenContinuous Glucose Monitoring Devices Market, By Connectivity
- SwedenContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Denmark
- DenmarkContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- DenmarkContinuous Glucose Monitoring Devices Market, By Connectivity
- DenmarkContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Norway
- NorwayContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- NorwayContinuous Glucose Monitoring Devices Market, By Connectivity
- NorwayContinuous Glucose Monitoring Devices Market, By End Use Outlook
- Hospitals
- Homecare Settings
- Others
- Asia Pacific
- Asia Pacific Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Asia Pacific Continuous Glucose Monitoring Devices Market, By Connectivity
- Asia Pacific Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- India
- IndiaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- IndiaContinuous Glucose Monitoring Devices Market, By Connectivity
- IndiaContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- China
- ChinaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- ChinaContinuous Glucose Monitoring Devices Market, By Connectivity
- ChinaContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Japan
- JapanContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- JapanContinuous Glucose Monitoring Devices Market, By Connectivity
- JapanContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Thailand
- ThailandContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- ThailandContinuous Glucose Monitoring Devices Market, By Connectivity
- ThailandContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- South Korea
- South KoreaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- South KoreaContinuous Glucose Monitoring Devices Market, By Connectivity
- South KoreaContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Australia
- AustraliaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- AustraliaContinuous Glucose Monitoring Devices Market, By Connectivity
- AustraliaContinuous Glucose Monitoring Devices Market, End Use
- Hospitals
- Homecare Settings
- Others
- Latin America
- Latin America Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Latin America Continuous Glucose Monitoring Devices Market, By Connectivity
- Latin America Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Brazil
- BrazilContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- BrazilContinuous Glucose Monitoring Devices Market, By Connectivity
- BrazilContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Mexico
- MexicoContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- MexicoContinuous Glucose Monitoring Devices Market, By Connectivity
- MexicoContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Argentina
- ArgentinaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- ArgentinaContinuous Glucose Monitoring Devices Market, By Connectivity
- ArgentinaContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Middle East & Africa
- Middle East & Africa Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Middle East & Africa Continuous Glucose Monitoring Devices Market, By Connectivity
- Middle East & Africa Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- South Africa
- South AfricaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- South AfricaContinuous Glucose Monitoring Devices Market, By Connectivity
- South AfricaContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Saudi Arabia
- Saudi ArabiaContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Saudi ArabiaContinuous Glucose Monitoring Devices Market, By Connectivity
- Saudi ArabiaContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- UAE
- UAEContinuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- UAEContinuous Glucose Monitoring Devices Market, By Connectivity
- UAEContinuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
- Kuwait
- Kuwait Continuous Glucose Monitoring Devices Market, By Component
- Transmitters
- Sensors
- Receivers
- Kuwait Continuous Glucose Monitoring Devices Market, By Connectivity
- Kuwait Continuous Glucose Monitoring Devices Market, By End Use
- Hospitals
- Homecare Settings
- Others
Continuous Glucose Monitoring Devices Market Dynamics
Driver: Increasing Prevalence of Diabetes
The increase in the prevalence of diabetes due to aging, obesity, and unhealthy lifestyles is one of the factors contributing to the growth of the continuous glucose monitoring devices market. Obesity is a major factor leading to diabetes. According to WHO, in 2022, the number of obese individuals worldwide exceeded 1 billion, including 650 million adults, 340 million adolescents, and 39 million children. This number continues to grow. If things continue as they are, WHO predicts that by 2025, around 167 million people, both adults and children, will experience worsening health problems due to their weight issues. In addition to obesity, diabetes is becoming increasingly prevalent globally. The International Diabetes Federation (IDF) estimates that there were 537 million adults (aged 20–79) living with diabetes in 2021, and this number is expected to increase to 642 million by 2040. The IDF also reports that the prevalence of diabetes is growing globally, with the highest increase witnessed in low- and middle-income countries.
Driver: Rising Geriatric Population
As the geriatric population continues to grow, the demand for CGM devices is also increasing. CGM devices are vital for people with diabetes, especially elderly individuals who may not be able to monitor their blood glucose levels as frequently as required. These devices provide real-time glucose readings and help patients and healthcare professionals manage their diabetes more effectively. As a result, the continuous glucose monitoring devices market is expected to significantly grow in the coming years due to the increasing prevalence of diabetes and the growing need for better disease management tools. According to WHO, chronic conditions, such as diabetes, are highly prevalent in people aged 65 and above. The growing geriatric population is a major driver of the diabetes epidemic, as diabetes in older people is directly linked to higher mortality rates and reduced functional status. According to WHO, 80% of older people are expected to live in low- and middle-income nations by 2050. The population is aging at a considerably higher rate than in the past.
Restraint:High Cost of CGM Devices and Lack of Reimbursement Policies
The high cost of CGM devices is a significant barrier to widespread adoption despite their potential benefits. CGM devices are often not covered by insurance, and out-of-pocket costs can be very high. According to a Health Care Cost Institute study, the average out-of-pocket cost of a CGM device in the U.S. was USD 105 in 2018, with some patients paying over USD 500. This can be a significant financial burden for people with diabetes and may limit the adoption of these devices. The lack of clear reimbursement policies for CGM devices poses a challenge to market growth in the near future. Patients may be hesitant to invest in a device that could significantly improve their diabetes management without proper coverage and of high cost. For example, in the U.S., Medicare only covers CGM devices for beneficiaries who meet specific criteria, which may limit access for many patients.
What Does This Report Include?
This section will provide insights into the contents included in this continuous glucose monitoring devices market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Continuous glucose monitoring devices market qualitative analysis
Continuous glucose monitoring devices market quantitative analysis
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Market size, estimates, and forecast from 2018 to 2030
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Market estimates and forecast for product segments up to 2030
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Regional market size and forecast for product segments up to 2030
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Market estimates and forecast for application segments up to 2030
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Regional market size and forecast for application segments up to 2030
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Company financial performance