The market is overcoming several challenges towards the commercialization of closed loop CGMs with significant focus on technological innovation. This is expected to take the concept of CGM to a next level from research to mass adoption.
Portland, Oregon (PRWEB UK) 6 May 2014
Report store of Research Beam has a newest addition that would give out an opportunity wave for healthcare investors. This resourceful report is titled "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."
Aimed at giving broad range perspective and insightful inputs, this report would help healthcare industry participants to take their endeavors forward.
To view the report, visit the website at http://www.researchbeam.com/continuous-glucose-monitoring-cgm-market
An in-depth study helped to reach a conclusion that the global continuous glucose monitoring market would be worth $568.5 million by 2020, registering a CAGR of 14.8%. In 2012, report observed the same to be at $194.8 million. Such a prodigious increase could be due to factors such as earlier detection of hypo and hyperglycemic condition, rising awareness about CGM’s, and highly effective devices.
The market is overcoming several challenges towards the commercialization of closed loop CGMs with significant focus on technological innovation. This is expected to take the concept of CGM to a next level from research to mass adoption. Despite such encouraging innovations, commercialization has not reached to desired levels. Major factors responsible for this are issues related with accuracy as well as cost, less attractive reimbursement coverage, and strict regulatory impositions. However, the under commercialization is presenting opportunities for the marketers as new and innovative products will easily take the advantage of lower product presence. The impact of FDA approval for artificial pancreas, superiority of CGMs over self-monitoring devices and rise in diabetes cases will have significant impact on the overall market growth.
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This well prepared report gives you a holistic approach as it divides the global CGM market on the basis of age, types of diabetes, devices, and applications. . The meticulous study showed that the home setting markets generated highest revenue in 2012. However, CGM application market would work as a raised platform for numerous healthcare professionals and investors during 2013 to 2020.
Generating a splendid revenue of $88.5 million in 2012, receivers and transmitters were highest revenue grossers in the Global CGM market. Nevertheless, glucose sensors may witnesssuperioradvances during the forecast period. Thus, this spot on report predicted that the glucose sensors market would see impressive growth rate in terms of revenue during 2013 to 2020.
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This report provides in-depth study about geographies that would impact global CGM market. The report observed that the North American market was the highest revenue generator in the year 2012. Also, this report observed that Asia Pacific would witness the highest growth rate between 2013 and 2020.
This report would provide comprehensive insights about numerous participatory companies in CGM markets. The companies are listed below
Spring Health Solution Ltd
Roche, Animas Corporation
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