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Continuous Glucose Monitoring System Market to Reach USD 14.54 Billion By 2027 | Emergen Research
VANCOUVER, B.C. , Sept. 21, 2020 /PRNewswire/ -- The Global Continuous Glucose Monitoring System Market is projected to reach USD 14.54 billion in 2027. The global spread of diabetes, along with the increasing geriatric population and continuous technological advancements, have propelled the market growth of the CGM devices. Continuous Glucose Monitoring (CGM) devices have been highly in demand as these enable tracking of the glucose levels in the interstitial fluid as a foundation for improving metabolic control and subsidize to better diabetes management.
Moreover, these devices provide for advantageous inceptions into the impacts of exercises, meals, and illnesses that persist on an individual's glucose level and decrease the risk of hyperglycemia and hypoglycemia.
North America accounts for the largest share in the global continuous glucose monitoring devices due to government resourcefulness undertaken for the prevention of diabetes presence of dominant players in this region along with treatment support. Moreover, in this region, the growth of the market is also supported by technological developments, innovative product launches together with several mergers and acquisitions between key players happening in the market.
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For the purpose of this report, Emergen Research has segmented into the global Continuous Glucose Monitoring System Market on the basis of component, end-use, and region:
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