Press Release - | Continuous Glucose Monitoring Devices Market to Reach Valuation of USD 13.24 Billion by 2028 - Rising Incidence of Diabetes is Driving the Market |
Vantage Market Research | 17 Feb 2022
Healthcare
Continuous Glucose Monitoring Devices Market to Reach Valuation of USD 13.24 Billion by 2028 - Rising Incidence of Diabetes is Driving the Market
In terms of revenue, the Global Continuous Glucose Monitoring Devices Market is expected to reach USD 13.24 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 10.8% from 2022 to 2028. The rising incidence of diabetes, coupled with the increasing geriatric population prone to diabetes are the driving factors for Continuous Glucose Monitoring Devices Market.
Key Findings:
Some of key players in Global Continuous Glucose Monitoring Devices Market includes - Medtronic (US), Dexcom Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Abbott (US), Novo Nordisk A/S (Denmark), Ypsomed (Switzerland), GlySens Inc (US)..
The increased geriatric population and high prevalence of population suffering from diabetes. The International Diabetes Federation, says the number of diabetic residents is predicted to reach 642 million by 2040 corresponding to 415 million patients in 2015, worldwide. Thus, one out of every ten adults is predicted to have diabetes by 2040, which reveals the graveness of this pandemic. Thus, the therapy and management of diabetes are anticipated to be the prime focus areas of healthcare divisions and stakeholders globally.
The increase in the incidence of diabetic cases is anticipated to provide high constant glucose monitoring systems market growth and prospects, which in turn will lure and compel multiple companies to produce innovative developments and product line extensions. High growth prospects in the markets are anticipated to provide significant advantageous opportunities for manufacturers shortly.
North America is expected to emerge as potential market for Continuous Glucose Monitoring Devices Market. This is attributed to the presence of a well-established healthcare sector in the region. The growing prevalence of obesity, the existence of efficient reimbursement guidelines, and the growing understanding of advanced technologies in diabetes management are also expected to drive the regional market.
Healthcare
Continuous Glucose Monitoring Devices Market to Reach Valuation of USD 13.24 Billion by 2028 - Rising Incidence of Diabetes is Driving the Market
17 Feb 2022
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Continuous Glucose Monitoring Devices Market to Reach Valuation of USD 13.24 Billion by 2028 - Rising Incidence of Diabetes is Driving the Market
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