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Continuous Glucose Monitoring Market Expected to Reach USD 0.91 Billion Globally in 2019: Transparency Market Research

March 5, 2014

ALBANY, New York, March 5, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Continuous
Glucose Monitoring Market (Guardian Real Time, FreeStyle Navigator, Dexcom Seven Plus,
Dexcom G4 Platinum, MiniMed Paradigm Revel/Veo CGM Systems and Others) – Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global continuous
glucose monitoring market was valued at USD 0.37 billion in 2012 and is expected to grow
at a CAGR of 13.6% from 2013 to 2019, to reach an estimated value of USD 0.91 billion in
2019.

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Continuous glucose monitoring systems (CGMS) are real time glucose monitoring devices
that measure and display the glucose level of the interstitial fluid in the skin cells of
the patient. These devices help patients manage diabetes (Type 1 and Type 2) in a more
efficient manner. CGM devices typically comprise a sensor, transmitter and a receiver. The
sensor is placed underneath the skin for monitoring glucose levels and is attached to the
transmitter that relays the information to the monitor. Until recently, management of
diabetes involved the use of conventional blood glucose meters that provided a single time
snapshot of the patient’s blood glucose level. However, demand for real time monitoring,
minimally invasive and effective diabetes management solutions led to the advent of CGM
devices. Rise in the incidence of diabetes globally coupled with increasing awareness of
such devices that possess the ability to detect hyper and hypoglycemic events in real time
will fuel the growth of this market during the forecast period.

CGM is a rapidly evolving market supported by increasing adoption of these systems by
hospitals and individual practitioners who further encourage their patients to use these
devices. However, CGM systems are not meant to be replaced by the traditional diabetes
management devices. Hence, the technology still requires innovation in terms of accuracy
and precision. Reimbursement issues, high cost of devices and low market penetration rates
are some of the factors that are expected to hinder market growth in the near future.
Medtronic’s Guardian Real Time CGM System accounted for the largest share of the global
marketin 2012, accounting for a share of over 40%. The product’s first mover advantage in
the market, proper positioning and marketing of the product, and ease of convenience and
usability helped it achieve this leadership position. Dexcom’s fourth generation product,
namely, Dexcom G4 Platinum is anticipated to witness the highest market growth at a CAGR
of 22.6% during the forecast period. G4 Platinum is the most recently launched device
(2012) and is the most technologically advanced, offering more accuracy and reliability as
compared to other commercially available devices. In addition, integration of this device
with insulin pumps from various other manufacturers like Johnson & Johnson and Tandem
Diabetes Care would also drive the growth of this market segment.

Geographically, North America captured majority share of the global continuous glucose
monitoring market in 2012. Increase in type I diabetic population along with rise in
geriatric population which will in turn spur the demand for regular monitoring of glucose
levels will fuel the growth of this market. Major players of this market are domiciled in
this region, which allows easy market penetration and will also contribute towards market
growth. The European CGM market is in a rapidly evolving state and contributed the largest
share of the total CGM market revenue in 2012. Asia-Pacific is expected to witness
tremendous increase its market share and emerge as the fastest growing region, reporting a
CAGR of 16.9% during the forecast period. Economic developments, presence of a large
patient pool, rising patient awareness, increasing disposable income and changing
lifestyle are some of the significant factors that are poised to increase the demand for
CGM systems in this region.

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Key players in this market include Medtronic, Inc., Dexcom, Inc. and Abbott Diabetes
Care. Medtronic was the leading player of this market in 2012, accounting for a share of
over 50%. Abbott saw a decline in its market share due to withdrawal of Free Style
Navigator from the U.S. market in the fourth quarter of 2011. However, the expected launch
of Free Style Navigator ll in 2014 in the U.S. market would help the company restore its
market position. Other companies such as Johnson & Johnson, Bayer Healthcare and Tandem
Diabetes Care are adopting the strategy of partnerships and collaboration to enter this
dynamic market.

The global continuous glucose monitoring market is segmented as follows:

          i) Continuous Glucose Monitoring Market, by Device/Brand
          ii) Guardian Real Time CGM System
          iii) Dexcom Seven Plus
          iv) Dexcom G4 Platinum
          v) FreeStyle Navigator
          vi) MiniMed Paradigm Revel/Veo System
          vii) Others

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          i) Continuous Glucose Monitoring Market, by Geography
          ii) North America
          iii) Europe
          iv) Asia-Pacific
          v) Rest of the World (RoW)

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