report cover1

Continuous Glucose Monitoring (CGM) Devices Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

A continuous glucose monitor (CGM) is a device used for monitoring blood glucose continually instead of monitoring glucose levels periodically by drawing a drop of blood from a finger. CGM is used by people who treat their diabetes with insulin, for example, people with type 1 diabetes, type 2 diabetes, or other types of diabetes, such as gestational diabetes. A continuous glucose monitor has three parts, a small electrode that is placed under the skin. The transmitter that sends readings from the electrode to a receiver at regular intervals. A separate receiver that shows the glucose level on a display. Currently approved CGMs use an enzymatic technology that reacts with glucose molecules in the body’s interstitial fluid to generate an electric current that is proportional to glucose concentrations. Data about glucose concentration is then relayed from a transmitter attached to the sensor to a receiver and display that shows the data to the user.

Traditional fingerstick testing measures blood glucose levels at only a single point at a time. CGM enables users to see blood glucose levels over time.  CGM is more convenient and less painful than traditional fingertip testing. Continuous glucose monitors appear to lower hemoglobin A1 C levels more than just monitoring with capillary blood testing, particularly when CGM is used by people with poorly controlled diabetes and combined with the use of an integrated insulin pump. Continuous glucose monitoring space remains subject to extensive research and development in building lower-cost, more accurate, and easy-to-use sensing solutions, some of which aim to be noninvasive.

Global Continuous Glucose Monitoring (CGM) Devices Market – Competitive Landscape

On November 2, 2021, Biolinq raised USD 100 million for needle-free diabetes monitoring.  On August 16, 2021, Ultrahuman raised USD 17.5 million touting a wearable blood glucose tracker. On August 12, 2021, HAGAR secured USD 11.7 million in series B funding to advance non-invasive blood glucose monitoring.

Some of the Key Players in the Global Continuous Glucose Monitoring (CGM) Devices Market Include –

  • Abbott Diabetes Care Inc.
  • Dexcom Inc.
  • Medtronic PLC
  • Eversense
  • Ascensia
  • Bayer AG
  • Echo Therapeutics Inc
  • Dexcom
  • Roche
  • Novo Nordisk
  • Johnson & Johnson

Global Continuous Glucose Monitoring (CGM) Devices Market – Growth Drivers

The increasing global prevalence of diabetes serves as a primary driver, creating a growing demand for continuous glucose monitoring devices as essential tools for effective diabetes management. According to Diabetes Atlas 537 million adults are living with diabetes-1 in 10. This number is predicted to rise to 643 million by 2030 and 783 million by 2045. Ongoing advancements in sensor technology, artificial intelligence, and machine learning contribute significantly to the market’s growth by improving the accuracy and capabilities of continuous glucose monitoring devices. Growing awareness among individuals about the importance of continuous glucose monitoring for better diabetes management propels market growth as patients and healthcare providers seek more proactive approaches to care. Supportive government initiatives and policies aimed at diabetes prevalence are high. The increasing adoption of telehealth services enhances the market, providing opportunities for remote monitoring and management of diabetes through continuous glucose monitoring devices. Collaboration between healthcare providers, technology companies, and research institutions drives innovation, fostering the development of advanced continuous glucose monitoring solutions and expanding market reach. Growing trends toward personalized medicine and treatment strategies contribute to the demand for continuous glucose monitoring devices, allowing for tailored approaches to diabetes management based on individual patient needs. Untapped markets in developing regions present significant growth opportunities, as improving healthcare infrastructure and rising disposable incomes increase the accessibility of continuous glucose monitoring devices.

Global Continuous Glucose Monitoring (CGM) Devices Market – Restraints

The global continuous glucose monitoring devices market encounters several significant restraints that impact its widespread adoption and market growth. Affordability stands out as a prominent challenge, especially in developing regions where limited economic accessibility restricts the potential user base. The regulatory landscape poses hurdles, with stringent approval processes and complex regulations that can delay the introduction of innovative devices. Accuracy concerns surrounding glucose measurements create barriers to user compliance and raise questions about the overall reliability of these monitoring systems. Another critical aspect is the need for frequent sensor replacements, which not only affects the convenience for users but also adds to the overall cost of continuous glucose monitoring. Privacy issues emerge as a substantial restraint, as continuous data monitoring raises concerns regarding the security and confidentiality of personal health information, necessitating careful adherence to data protection regulations. The lack of standardization across device technologies further complicates the landscapes, impacting interoperability and potentially hindering the seamless integration of these devices into healthcare systems. Ensuring consistent and widespread user compliance with continuous glucose monitoring regimens presents an ongoing challenge that needs to be addressed for the market to realize its full potential. Overcoming these restraints requires a concentrated effort from industry stakeholders, regulators, and technology developers to enhance accessibility, address accuracy concerns, and navigate the complex regulatory landscape.

Global Continuous Glucose Monitoring (CGM) Devices Market – Opportunities

Opportunities in the global continuous glucose monitoring market abound, propelled by ongoing technological advancements. Integration of artificial intelligence and machine learning in glucose monitoring systems offers the potential for enhanced accuracy and personalized treatment strategies. Increasing awareness about diabetes management and a growing emphasis on preventive healthcare create opportunities for market expansion. Collaboration between healthcare providers and technology companies can lead to innovative solutions, while the rising adoption of telehealth services presents avenues for remote monitoring solutions.

Global Continuous Glucose Monitoring (CGM) Devices Market – Geographical Insight

the market for global continuous glucose monitoring devices is segmented into North America, Latin America, Europe, Asia-Pacific, the Middle East, and Africa. North America is the largest market for global continuous glucose monitoring devices due to advanced healthcare infrastructure and a highly diabetic population. Europe follows closely, with increasing awareness and government initiatives. Asia-Pacific shows significant potential for growth, attributed to the expanding diabetic population and improving healthcare access.

Global Continuous Glucose Monitoring (CGM) Devices Market – Key Developments

  • On November 17, 2023, Dexcom launched eye-opening diabetes research around HCL perception.
  • On June 22, 2023, Kakao Healthcare launched a glucose managing service with Dexcom.
  • On February 10, 2023, the Non-invasive Afon blood glucose sensor gets a heartening target launched timeframe.
  • On January 17, 2023, Intricon launched a biosensor center of excellence for medical devices
Complete the form below and we'll get back to you shortly
Table of Content
Complete the form below and we'll get back to you shortly

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.



Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.


Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.
- Get Started -

Get insights that lead to new growth opportunities

Need a Custom Report?

We can customize every report – free of charge – including purchasing stand-alone sections or country-level reports

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Business Development

small c popup.png
Buy Now
small c popup.png
Complete the form below and we'll get back to you shortly
small c popup.png
Complete the form below and we'll get back to you shortly
small c popup.png
Complete the form below and we'll get back to you shortly
Ask an Expert