Latin America Continuous Glucose Monitoring Device Market, By Component (Transmitters, Receivers, Insulin Pump, and Sensors ), by Distribution Channel (Hospitals & Clinics, Retail Channel, and Online Channel), and by Country (Mexico, Argentina, Uruguay, Brazil Colombia, Chile, Peru, and Rest of Latin America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Continuous glucose monitoring devices are considered as significant systems for improving diabetes management by providing better and pain-free blood glucose measurement. Continuous glucose monitoring devices marked a remarkable change in diabetes care, as these devices provide real-time information on blood glucose levels, non-invasively than conventional glucose monitoring devices. Continuous glucose monitoring devices constantly tracks the blood glucose level throughout the day. This device consists of various components such as sensors, transmitters, and receivers for measuring and analyzing the glucose levels.
Market Dynamics
Latin America continuous glucose monitoring device market is expected to witness significant growth over the forecast period, owing to increasing incidence of diabetes in Latin American countries which may result in increasing demand for continuous glucose monitoring device in this region. For instance, according to Global Burden of Disease Study 2016, the incidence rate of diabetes in Latin America increased from 2.74% in 2010 to 3.06% in 2016. Among all countries in Latin America, diabetes affects large number of adult population based in Mexico and Brazil.
Furthermore, convenience offered by continuous glucose monitoring devices such as display of glucose trend graph and direction arrows that allow diabetic patients to anticipate approaching glucose highs and lows regularly throughout the day, may increase the demand for these devices, which in turn is expected to drive the market growth. Moreover, technological advancements in continuous glucose monitoring components such as use of sensor with long life expectancy in continuous monitoring devices that eliminates the repetitive replacement of sensors is expected to generate remarkable revenue in the market over the forecast period.
Key features of the study:
This report provides in-depth analysis of Latin America continuous glucose Monitoring Device Market device market size (US$ Mn) and compound annual growth rate (CAGR (%)) for the forecast period (2022-2028), considering 2021, as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in Latin America continuous glucose monitoring device market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include Medtronic Plc, Abbott, F. Hoffmann-La Roche AG, Johnson & Johnson, Senseonics, Inc, Dexcom, Inc., Insulet Corporation, and Tandem Diabetes Care, Inc
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
Latin America continuous glucose monitoring device market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors and suppliers for anesthesia device market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
Latin America Continuous Glucose Monitoring Device Market , By Component:
Transmitters
Receivers
Insulin Pumps
Sensors
Latin America Continuous Glucose Monitoring Device Market , By Distribution Channel:
Hospitals & Clinics
Retail Channel
Online Channel
Latin America Continuous Glucose Monitoring Device Market , By Country:
Mexico
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Argentina
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Uruguay
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Brazil
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Colombia
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Chile
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Peru
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Rest of Latin America
By Components
Transmitters
Receivers
Insulin Pumps
Sensors
By Distribution Channels:
Hospitals & Clinics
Retail Channel
Online Channel
Company Profiles
Medtronic Plc.
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
Abbott
F. Hoffmann-La Roche AG.
Johnson & Johnson
Senseonics, Inc
Dexcom, Inc.
Insulet Corporation
Tandem Diabetes Care, Inc
“*” marked represents similar segmentation in other categories in the respective section.
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