Progress: Navigating the Continuous Blood Glucose Monitoring Market Landscape

Continous Blood Glucose Monitoring Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s Continous Blood Glucose Monitoring Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 21, 2023 /EINPresswire.com/ -- The global continuous blood glucose monitoring market, meticulously categorized by component, application, and end user, witnessed substantial growth. It burgeoned from $11.19 billion in 2022 to $12.5 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 11.7%. The future forecasts indicate sustained expansion, with an anticipated market size of $18.83 billion by 2027, maintaining a CAGR of 10.8%.

In-Depth Segmentation: Deciphering Market Dynamics
1) By Component: Insulin Pumps, Sensors, Transmitters, Receivers

2) By Application: Type 1 Diabetic Patients, Type 2 Diabetic Patients, Gestational Diabetes, Critical Care Patients

3) By End User: Hospitals, Homecare Diagnostics, Other End Users

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Key Drivers: Combatting the Surge in Diabetes Prevalence

The continuous blood glucose monitoring market is poised for growth, driven by the escalating prevalence of diabetes. Diabetes, a chronic health condition, manifests when blood glucose levels fluctuate. Blood glucose monitoring devices play a pivotal role in detecting trends and patterns, offering a comprehensive understanding of a diabetic individual's condition. According to the International Diabetes Federation, in 2020, approximately 463 million adults were affected by diabetes, with 10.0% having type 1 diabetes and 90.0% having type 2 diabetes. This surge in diabetes prevalence is a significant factor propelling the continuous blood glucose monitoring market.

Market Leaders: Steering Technological Innovation

Major players in the continuous blood glucose monitoring market include Roche, Lifescan, Medtronic, and Abbott, among others. These industry leaders play a crucial role in shaping the market landscape.

Innovative Trends: Technological Advancements at the Forefront

A prominent trend in the continuous blood glucose monitoring market is the emphasis on technological advancements. Leading companies are actively engaged in developing advanced technological solutions to strengthen their market position. For instance, in 2020, Philips, a Netherlands-based health technology company, launched non-invasive monitors for COPD patients based on ExpiraFlow technology. These monitors, utilizing non-invasive methods, enable healthcare professionals to detect and screen expiratory flow limitation, proving valuable for optimal home care therapy.

Regional Dynamics: North America Takes the Lead

In 2022, North America emerged as the largest region in the continuous blood glucose monitoring market. Comprehensive regional coverage includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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Continous Blood Glucose Monitoring Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Continous Blood Glucose Monitoring Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on continous blood glucose monitoring market size, continous blood glucose monitoring market drivers and trends, continous blood glucose monitoring market major players, competitors' revenues, continuous blood glucose monitoring market positioning, and market growth across geographies. The continous blood glucose monitoring market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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