Global Continuous Glucose Monitoring Systems Market
Posted: Jan 12, 2018
Global Continuous Glucose Monitoring Systems Market Overview
The Continuous Glucose Monitoring Systems market offers developed considering that an exceedingly high-quality having diabetes executive resource in reference to keeping track of all types of diabetic patients. Replacement/repeat sales of features which include sensors is actually the important feature that can drive the CGM market today regrowth. Continuing glucose supervising is often rather excellent in analyzing patients that might be suffering from hypo and therefore hyperglycemic complications. The CGMS market is expected to reach $3.6 billion by 2022, with a CAGR of 28.2% from 2016 to 2022.
According to a new report, "Global Continuous Glucose Monitoring Systems (CGMS) Market (2016-2022)", published by KBV Research, the Global Continuous Glucose Monitoring Systems Market is expected to reach $3.6 billion by 2022, growing at a CAGR of 28.2% during 2016 -2022.The North America market dominated the Global Continuous Glucose Monitoring Systems Market in 2015, and would grow at a CAGR of 28.1% during the forecast period. However, Asia-Pacific market is expected to grow at CAGR of 32% during 2016-2022.
The Sensors market contributed the larger revenue share to the Global Continuous Glucose Monitoring Systems Market in 2015, and is expected to grow at a CAGR of 31% during the forecast period. The Transmitters & Receivers market is expected attain a market size of $703 million by 2022.
Global Continuous Glucose Monitoring Systems Market Segmentation
Rising incidences of diabetic issues across the country, benefits of CGMS technologies over POC glucometers, maturing understanding about diabetic issues in getting and even underdeveloped economies, coupled with fast growing feature establishing CGMS products to provide modern purchaser element are several established problems that could drive the improvements of CGMS market-place. FDA approval to the latest and then excellent applications that include bionic pancreas would likely also importantly contribute to the market today regrowth of the CGMS market place. The CGMS is a rather far more efficient monitoring and thus treatment method procedure for individuals suffering from diabetic issues. Nonetheless, not enough effective reimbursement software programs for appliances and additionally clinicians would be the main barrier to the adoption of the items.
The information highlights the adoption of Global Continuous Glucose Monitoring Systems Market, globally.Based on the Component; the Global Continuous Glucose Monitoring Systems Market is segmented into Sensors, Transmitters & Receivers as well as Established Insulin pump market. Consistent with the Purchaser, the market is bifurcated into Diagnostic centers/clinics, ICUs and Residence Health and fitness care segments.
Full report: http://kbvresearch.com/global-continuous-glucose-monitoring-systems-market/
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