London, UK (PRWEB) January 21, 2014
The rising diabetes incidence rates worldwide have elevated the need for innovative devices for diabetes management, which in turn has enhanced the adoption of devices for continuous glucose monitoring (CGM). Meantime, factors like inadequate CGM reimbursement options, CGMs accuracy and costs, and also strict regulatory impositions are the key restraints to the CGM market growth. North America leads the CGM market in terms of revenue generation. The regional market is driven primarily by the well-penetrated reimbursement system, an expanding patient pool, and the rapid adoption of innovative technologies. Animas Corporation, Medtronics, Miraculins, Ypsomed AG, Omnipod and Dexcom are among the dominant participants in the world CGM marketplace.
In 2012, the revenue generated by the global CGM industry exceeded USD 194.5 million. It is likely to touch the USD 568.5 million mark by 2020, recording a 14.8% CAGR through 2020. The CGM market growth is anticipated to be spurred by the ongoing technological advances, the convenience of CGM over self-monitoring glucose devices, and also earlier detection of the hypo and hyperglymic events by using CGM devices. Insulin pump category is forecast to register the highest growth rate over the forecast period, followed by the glucose sensors category.
In-demand research report “Continuous Glucose Monitoring Market (CGM Systems, Application, Diabetic Type, and Adoption by Age Group) - Current Trends, Size, Share, Industry Analysis, Competitive Intelligence, Growth, Opportunities and Global Forecasts, 2012 – 2020” worked out by Allied Market Research has been recently published by Market Publishers Ltd.
Title: Continuous Glucose Monitoring Market (CGM Systems, Application, Diabetic Type, and Adoption by Age Group) - Current Trends, Size, Share, Industry Analysis, Competitive Intelligence, Growth, Opportunities and Global Forecasts, 2012 - 2020
Published: December, 2013
Price: US$ 4,515.00
An extensive analysis of the global CGM market is provided in the research report, along with an in-depth examination of the key factors limiting and driving the market growth. The report contains a detailed market assessment by applications, geography and devices; identifies the top three winning strategies, characterizes the major threats and opportunities, and also discusses the vital industry related issues. The study describes the current situation in the market, delves deep into the competitive environment, and offers comprehensive profiles of the dominant market participants. Besides, the research study presents an insightful future outlook for the worldwide CGM market through 2020.
Reasons to Buy:
More topical research reports by the publisher can be found at Allied Market Research page.