BGM and CGM Market size is estimated to be USD 6.5 Billion in 2024 and is expected to reach USD 12.3 Billion by 2033 at a CAGR of 7.3% from 2026 to 2033.
In 2022, the global Blood Glucose Monitoring (BGM) and Continuous Glucose Monitoring (CGM) market was valued at approximately USD 16,790 million. Projections indicate a significant growth trajectory, with expectations to reach around USD 37,610 million by 2029, reflecting a compound annual growth rate (CAGR) of 12.2% during the forecast period. The BGM segment accounted for about 60% of the market share in 2022; however, the CGM segment is experiencing rapid growth, contributing increasingly to the market expansion. In terms of application, household usage dominated, representing approximately 80% of the global market share. Regionally, Europe led the market, capturing around 30% of the global share, followed by North America with approximately 25%. The Asia Pacific region is anticipated to witness substantial growth due to the increasing prevalence of diabetes and advancements in healthcare infrastructure. In North America, factors such as a high rate of adoption of diabetes care devices and emphasis on early detection and management of diabetes contribute to market growth. Europes market expansion is supported by high healthcare expenditure and favorable government initiatives. The USA and China are also expected to experience significant market growth during the forecast period.
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Roche
Lifescan
Abbott
Ascensia
ARKRAY
I-SENS
Omron
B. Braun
77 Elektronika
AgaMatrix
Terumo
Sinocare
Yicheng
Yuwell
Acon
Dexcom
Medtronic
Senseonics Holdings
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global BGM and CGM Market
Blood Glucose Meters (BGMs)
Test Strips
Lancets
Insulin Delivery Devices
Individuals with Diabetes
Clinics and Healthcare Facilities
Research Institutions
Online Stores
Pharmacies/Drug Stores
Hospitals
Specialty Diabetes Stores
Children (Under 18)
Adults (18-64)
Seniors (65 and Above)
Traditional Monitoring
Smart Technology Enabled Devices
Continuous Glucose Monitoring Technology
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global BGM and CGM Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global BGM and CGM Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global BGM and CGM Market, By Type
6. Global BGM and CGM Market, By Application
7. Global BGM and CGM Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global BGM and CGM Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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