Continuous Glucose Monitoring Devices Market Size, Share, Growth Analysis, By Component(Transmitters, Sensors, Receivers), By End-Use(Hospitals, Home Care, Others), By Region - Industry Forecast 2024-2031

Global Continuous Glucose Monitoring Devices Market size was valued at USD 8 billion in 2022 and is poised to grow from USD 8.40 billion in 2023 to USD 12.41 billion by 2031, growing at a CAGR of 5% in the forecast period (2024- 2031).

The escalating occurrence of diabetes, accompanied by the growing acceptance of continuous glucose monitoring (CGM) devices, has been propelling the market forward. According to the International Diabetes Federation, approximately 536.6 million individuals were diagnosed with diabetes in 2022, a number projected to escalate to 642.8 million by 2030 and 783.7 million by 2045.

Furthermore, CGM devices offer insights regarding dietary habits, medication usage, physical activity, and health conditions. The advancement of digital therapeutic solutions has streamlined the connection between CGM device manufacturers and diabetes patients. A multitude of applications available in the market amalgamate CGM data to analyze future trends and suggest lifestyle adjustments for patients. These aspects collectively contribute to a positive impact on the continuous glucose monitoring device market's growth trajectory.

US Continuous Glucose Monitoring Devices Market is poised to grow at a sustainable CAGR for the next forecast year.