SAN FRANCISCO, June 2, 2016 /PRNewswire/ --
The continuous glucose monitoring (CGM) devices market is expected to reach USD 1.01 billion by 2024, according to a new report published by Grand View Research, Inc.
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The CGM devices market is anticipated to witness a lucrative growth during the period 2016 to 2024.The prevalence of diabetes is increasing worldwide and calls for the continuous monitoring of blood glucose levels. The traditional methods of blood glucose monitoring have been compromised by the advent of continuous glucose monitoring systems.
These devices come with an innovative technology allowing quick and easy detection of blood glucose levels in the tissue fluid utilizing a small sensor for observation. By continuously observing readings at regular intervals, the continuous glucose monitoring systems allow patients to take adequate measures before hyperglycemic or hypoglycemic levels are reached.
Factors that support the growth of CGM devices market are its benefits over the other blood glucose monitoring systems, early detection of glucose levels, an increase in the number of diabetics worldwide, and growing awareness among developing and under-developing countries about such devices. The restraints for CGM devices market are stringent regulatory impositions and expensive systems. One of the key opportunities for this market would be the approval of the artificial pancreas that would accelerate the application of CGM devices.
The CGM devices industry, by product, is segmented into three types, transmitters and receivers, sensors, and insulin pumps. On the basis of end-user, the continuous glucose monitoring industry is categorized into hospitals, homecare diagnostics, research institutes, diagnostics, and clinical laboratories.
Browse full research report with TOC on "Continuous Glucose Monitoring (CGM) Devices Market by Product (Transmitters & Receivers, Sensors, Insulin Pumps), End-user (Hospitals, Homecare Diagnostics, Diagnostic Centers, Clinics), By Region (the U.S., Canada, Germany, the UK, China, India, Brazil, Mexico, South Africa, Saudi Arabia),And Trend Analysis From 2016 To 2024" at: http://www.grandviewresearch.com/industry-analysis/continuous-glucose-monitoring-market
Further key findings from the study suggest:
Grand View Research has segmented the continuous glucose monitoring devices market on the basis of product, end-user, and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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