Continuous Glucose Monitoring Market Will Grow at 14.8% CAGR Till 2020
PORTLAND, Oregon, April 24, 2014 /PRNewswire/ –
The database of Research Beam has a latest addition of report, titled “Continuous
Glucose Monitoring Market (CGM Systems, Application, Diabetic Type, and Adoption by Age
Group) – Current Trends, Size, Share, Industry Analysis, Competitive Intelligence, Growth,
Opportunities and Global Forecasts, 2012 -2020.” This report prepared with insightful
analysis provides a microscopic view about continuous glucose monitoring market to
healthcare industry professionals. This extensively studied report is fully versed with
business insights and opportunistic ideas.
To browse the full report, visit us @
In 2012, the report observed the value of CGM to be $194.8 million. However, factors
such as rising awareness about CGM’s, earlier detection of hyperglycemic and hypo
condition, affectivity over conventional devices would take global CGM market to $568.5
million by 2020 with a CAGR of 14.8%.
“The market is overcoming several challenges towards the commercialization of closed
loop CGMs with significant focus on technological innovation. This is expected to take the
concept of CGM to a next level from research to mass adoption,” noted by analyst. Despite
such encouraging innovations, commercialization has not reached to desired levels. Major
factors responsible for this are issues related with accuracy as well as cost, less
attractive reimbursement coverage, and strict regulatory impositions. “However, the under
commercialization is presenting opportunities for the marketers as new and innovative
products will easily take the advantage of lower product presence,” Debbie explains. The
impact of FDA approval for artificial pancreas, superiority of CGMs over self-monitoring
devices and rise in diabetes cases will have significant impact on the overall market
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Providing minutest details of every sector, this report divides Global CFM market on
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Study by AMR suggests that the receivers and transmitters attained highest revenue in
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This report gives you detailed insights about various companies involved in CGM
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