Kenneth Research recently added a report on ‘Continuous Glucose Monitoring Devices Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Continuous Glucose Monitoring Devices Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Continuous Glucose Monitoring Devices Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
According to Analytics research report “Global Continuous Glucose Monitoring Devices (CGM) Market: Analysis By Component (Transmitter & Receiver, Sensor, Integrated Insulin Pump), By Demographics, End-User, By Region, By Country (2018 Edition): Forecast to 2023”, the global market is projected to display a high growth represented by a CAGR of 21.25% during 2018 – 2023.
Over the recent years, global continuous glucose monitoring devices market has been witnessing growth, on account of several driving factors including rising incidence of chronic diabetes, increasing healthcare awareness amongst consumers, flourishing market for minimally invasive products, new device approvals along with increasing health expenditure in developing countries. Moreover, ongoing demographic shift towards geriatric population with significant population suffering from serious consequences of diabetes, is expected to propel the demand for continuous glucose monitoring devices. In this research report, the market is segmented on the basis of component type, demographics, as well as end user. By component type, the segment of transmitter & receiver is predicted to hold its dominant position in the market, and sensor is the highest growing component. Amongst the regions, North America accounts for the largest regional share in the global continuous glucose monitoring devices market in 2018. However, Asia Pacific is predicted to advance at the highest rate. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to growing per capita expenditure on healthcare is likely to drive the regional market.
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The report titled “Global Continuous Glucose Monitoring Devices (CGM) Market: Analysis By Component (Transmitter & Receiver, Sensor, Integrated Insulin Pump), By Demographics, End-User, By Region, By Country (2018 Edition): Forecast to 2023” has covered and analyzed the potential of global continuous glucose monitoring devices market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global continuous glucose monitoring devices market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Continuous Glucose Monitoring Devices Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Continuous Glucose Monitoring Devices Market – Size, Growth, Forecast
• By Component – Transmitter & receiver, Sensor, Integrated Insulin Pump
• By Demographics- Pediatric, Adult
• By End User – Homecare, Hospital
Regional Markets – North America, Europe, Asia-Pacific and Rest of the World (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Continuous Glucose Monitoring Devices Market – Size, Growth, Forecast
• By Component – Transmitter & receiver, Sensor, Integrated Insulin Pump
• By Demographics- Pediatric, Adult
• By End User – Homecare, Hospital
Country Analysis – U.S., Canada, Germany, U.K, Japan, India, China, Brazil (Actual Period: 2013-2017, Forecast Period: 2018-2023)
• Continuous Glucose Monitoring Devices Market – Size, Growth, Forecast
• By Component – Transmitter & receiver, Sensor, Integrated Insulin Pump
• By Demographics- Pediatric, Adult
• By End User – Homecare, Hospital
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• Company Share Analysis
• SWOT Analysis
• Porter’s Five Forces Analysis
• Supply Chain Analysis
• Policy and Regulatory Landscape
• Company Analysis – Medtronic, Dexcom, Abbott Laboratories, AgaMatrix Inc., Integrity Applications, Senseonics Holdings, GlySens ICGM, Insulet Corporation.Table of Contents
1. Research Methodology
2. Executive Summary
3. Strategic Recommendations
4. Continuous Glucose Monitoring Devices Outlook
5. Global Continuous Glucose Monitoring Devices Market: Growth and Forecast
5.1 By Value (2013-2017)
5.2 By Value (2018-2023)
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6. Global Continuous Glucose Monitoring Devices Market: Segment Analysis
6.1 Global Continuous Glucose Monitoring Devices Market Size, By Component: Breakdown (%)
6.1.1 Global Continuous Glucose Monitoring Devices Market Size, By Component, 2017 (%)
6.1.2 Global Continuous Glucose Monitoring Devices Market Size, By Component, 2023 (%)
6.2 Global Transmitter & Receiver Component Market Size, By Value (2013-2023)
6.3 Global Sensor Component Market Size, By Value (2013-2023)
6.4 Global Integrated Insulin Pump Component Market Size, By Value (2013-2023)
6.5 Global Continuous Glucose Monitoring Device Market Size, By Demographics : Breakdown(%)
6.5.1 Global Continuous Glucose Monitoring Devices Market Size, By Demographics, 2017 (%)
6.5.2 Global Continuous Glucose Monitoring Devices Market Size, By Demographics, 2023 (%)
6.6 Global Pediatric patient Market Size, By Value (2013-2023)
6.7 Global Adult patient Market Size, By Value (2013-2023)
6.8 Global Continuous Glucose Monitoring Device Market Size, By End User: Breakdown (%)
6.8.1 Global Continuous Glucose Monitoring Devices Market Size, By End User, 2017 (%)
6.8.2 Global Continuous Glucose Monitoring Devices Market Size, By End User , 2023 (%)
6.9 Global Homecare Continuous Glucose Monitoring Device Market Size, By Value (2013-2023)
6.10 Global Hospital Continuous Glucose monitoring Device Market Size, By Value (2013-2023)
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