BGM and CGM Market Share Evolution and Market Growth Trends 2024 - 2031

Executive Summary

The BGM and CGM Market research reports provide a comprehensive analysis of the market conditions for Blood Glucose Monitoring (BGM) and Continuous Glucose Monitoring (CGM) devices. The reports highlight key trends shaping the industry and offer insights into the growth potential of the market.

BGM and CGM market trends indicate a rising prevalence of diabetes globally, driving the demand for glucose monitoring devices. The market is witnessing a shift towards more advanced and accurate continuous glucose monitoring systems, with a focus on improved patient outcomes and convenience.

In terms of geographical spread, North America holds a significant share in the BGM and CGM market due to the high prevalence of diabetes and increasing adoption of advanced glucose monitoring technologies. The Asia Pacific region is expected to witness substantial growth, driven by rising healthcare expenditure and increasing awareness about diabetes management. Europe, the USA, and China also present lucrative opportunities for market expansion.

The BGM and CGM Market is projected to grow at a CAGR of % during the forecasted period, indicating a steady rise in demand for glucose monitoring devices. As advancements in technology lead to the development of more innovative and user-friendly products, the market is poised for continued growth and expansion.

Overall, the BGM and CGM market research reports provide valuable insights into the current market conditions, trends, and growth prospects, offering stakeholders a comprehensive understanding of the evolving landscape of glucose monitoring devices.

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Market Segmentation:

This BGM and CGM Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, BGM and CGM Market is segmented into:

• Roche
• LifeScan
• Abbott
• Ascensia
• ARKRAY
• I-SENS
• Omron
• B. Braun
• 77 Elektronika
• AgaMatrix
• ALL Medicus
• Terumo
• Sinocare
• Yicheng
• Yuwell
• Acon
• Dexcom
• Medtronic
• Senseonics Holdings
• GlySens Incorporated

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The BGM and CGM Market Analysis by types is segmented into:

• BGM
• CGM

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The BGM and CGM Market Industry Research by Application is segmented into:

• Hospital
• Household

In terms of Region, the BGM and CGM Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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Key Drivers and Barriers in the BGM and CGM Market

Key drivers in the BGM and CGM market include increasing prevalence of diabetes, growing adoption of digital health technologies, and advancements in glucose monitoring devices. Barriers include high costs, lack of reimbursement, and accuracy concerns with certain devices. Challenges faced in the market include regulatory hurdles, limited awareness about CGM benefits, and competition from alternative glucose monitoring methods. Additionally, interoperability issues between devices and lack of standardization pose obstacles to widespread adoption of BGM and CGM technologies. Overcoming these challenges will be crucial for the continued growth and success of the market.

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Competitive Landscape

Roche is one of the prominent players in the BGM and CGM market. The company has a strong presence in the healthcare industry and offers a wide range of products for blood glucose monitoring. Roche's Accu-Chek line of products is well-known for its accuracy and reliability. The company has consistently invested in research and development to bring innovative solutions to the market.

LifeScan, a subsidiary of Johnson & Johnson, is another key player in the BGM and CGM market. The company has a long history of providing high-quality glucose monitoring products to patients worldwide. LifeScan's OneTouch brand is popular among users for its user-friendly design and advanced technology.

Abbott is a global healthcare company that has a significant presence in the BGM and CGM market. The company's FreeStyle line of products is widely used by patients for monitoring their blood glucose levels. Abbott has been at the forefront of developing continuous glucose monitoring systems that provide real-time data to patients.

Market growth in the BGM and CGM market is driven by the increasing prevalence of diabetes worldwide. The growing awareness about the importance of monitoring blood glucose levels regularly has also contributed to the market expansion. The BGM and CGM market size is projected to reach USD billion by 2025, according to a report by Grand View Research.

Some of the sales revenue figures of the above-mentioned companies include Roche with sales revenue of USD 14.8 billion, Abbott with sales revenue of USD 31.9 billion, and Medtronic with sales revenue of USD 30.6 billion. These companies continue to lead the BGM and CGM market with their innovative products and focus on improving patient outcomes.

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