Infinium Global Research CGM (Continuous Blood Glucose Monitoring) Systems | Page 2

A latest report has been added to the wide database of Continuous Blood Glucose Monitoring Systems Market by Infinium
Global Research. This report studies the Continuous Blood Glucose Monitoring Systems Market by component (CGM monitor,
the CGM transmitter and the glucose sensor) market status and outlook of global and major regions, from manufacturers, and
end industries. The objective of the study is to identify market sizes of different segments & countries in recent years and to
forecast the values for the next six years. Continuous Blood Glucose Monitoring Systems Market provides opportunities in
micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product
offerings of the major companies in the Continuous Blood Glucose Monitoring Systems Market. According to the report the
Global Continuous Blood Glucose Monitoring Market is projected to grow at a CAGR of 23.8% in terms of value over the
period of 2017-2023. Diabetes disease is growing across the globe at an extraordinary pace and has become a serious health
issue during the last two decades. It is a major cause of mortality in the age group of 20–79 years. Based on its rapidly
increasing incidence, it has been declared a global epidemic by the World Health Organization (WHO). According to the
International Diabetes Federation (IDF), the number of diabetic patients reached 415 million in 2015 globally and is expected
to reach around 642 million by 2040. According to the IDF, global healthcare expenditures to treat diabetes and its
complications was USD 673 billion in 2015, representing 12% of total global healthcare expenditures and is expected to
exceed USD 802 billion by 2040.
Rise in base of geriatric population, increasing incidence rates of diabetes worldwide, benefits of CBGM devices over blood
glucometers such as reports generation and access for historic blood glucose data to analyze the trend, growing awareness
among the population, increasing preference for non-invasive methods, and approval of artificial pancreas from FDI are
expected to drive the market at a significant growth rate in the coming years. However, stringent regulatory approvals and
high costs associated with these devices are some of the restraining factors which could hinder the market.
Geographically, North America is the leading contributor to the market and is expected to retain its position during the
forecast period due to the presence of large number of geriatric population and large base of population with high purchasing
power. However, Asia-Pacific market is expected to grow at a faster rate during the forecast period. This is predominantly due
to increased healthcare awareness, improved economic growth, increasing number of obesity cases and growing awareness
among the population about non-invasive glucose monitoring systems.
Report Highlights:
The report delivers a strategic analysis of the global market for continuous glucose monitoring systems and growth forecast
for the period from 2017 – 2023. The scope of the report includes competitive analysis of various market players who are
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