Continuous Glucose Monitoring Device Market Share, Size, Trends, Industry Analysis Report By End-Use (Homecare Diagnostics, Hospitals); By Component Type; By Region; Segment Forecast, 2022 - 2029
The global continuous glucose monitoring device market size is expected to reach USD 14.78 billion by 2029 according to a new study by Polaris Market Research. The report “Continuous Glucose Monitoring Device Market Share, Size, Trends, Industry Analysis Report By End-Use (Homecare Diagnostics, Hospitals); By Component Type; By Region; Segment Forecast, 2022 – 2029” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing diabetes rates across the globe have led to increased cardiovascular diseases such as heart attack, strokes, kidney damage, and others, which is expected to boost the demand for these products over the forecast period. For instance, in 2019, as per the International Diabetes Federation (IDF), about 462.9 Billion people were affected by diabetes globally.
Technology advancement along with innovative features like ease of use, alarm, mealtime alerts, among others, is expected to benefit the industry growth. Furthermore, the outbreak of the COVID-19 pandemic has increased health-related concerns and awareness among individuals, which in turn is expected to increase the demand for the product over the forecast period.
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