Continuous Glucose Monitoring Devices Market In China Is Estimated To Witness High Growth Owing To Increasing Prevalence Of Diabetes

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Continuous Glucose Monitoring Devices Market In China Is Estimated To Witness High Growth Owing To Increasing Prevalence Of Diabetes

Continuous Glucose Monitoring (CGM) devices help in continuously monitoring blood glucose levels, providing real-time glucose readings and trends. CGM devices help in making better diabetes treatment decisions. The increasing prevalence of diabetes in China is driving the need for constant glucose level monitoring. It is estimated that there were 116.4 million adults suffering from diabetes in China in 2020 and this number is projected to increase to 150 million adults by 2045.

The global Continuous Glucose Monitoring Devices Market in China is estimated to be valued at US$ 176.4 Mn in 2023 and is expected to exhibit a CAGR of 5.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The increasing prevalence of diabetes in China presents a huge market opportunity for CGM devices. As per estimates, nearly 116.4 million adults suffered from diabetes in China in 2020 and this number is expected to further increase significantly in the coming years. Constant monitoring of glucose levels is crucial for effective diabetes management. CGM devices help diabetics closely track their glucose levels and trends round the clock, which helps them make better decisions regarding food intake, physical activity and medication. The widespread adoption of CGM devices can help control diabetes and reduce complications arising due to unstable glucose levels. This presents a major market opportunity for CGM device manufacturers to cater to the large diabetic population in China through effective marketing and awareness programs regarding the benefits of CGM.

Porter’s Analysis

Threat of new entrants: The continuous glucose monitoring devices market in China has moderate threat of new entrants due to high capital requirement and presence of established players. However, favorable reimbursement policies and technological advancements provide opportunities for new players.

Barganing power of buyers: Buyers have moderate bargaining power due to availability of substitutes. However, increasing awareness about benefits of continuous glucose monitoring devices enhances loyalty among buyers.

Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes and differentiated products. Established suppliers bargain for better pricing and supply agreements.

Threat of new substitutes: Threat of substitutes is high due to availability of self-monitoring blood glucose devices. However, continuous glucose monitoring devices offer advanced features with continuous feedback.

Competitive rivalry: The market has high competitive rivalry due to presence of local and global players offering similar products. Players compete based on product features, pricing and marketing strategies.

SWOT Analysis

Strength: Continuous glucose monitoring devices offer real-time glucose monitoring without finger pricks, advanced diabetes management features and connectivity with smartphones.

Weakness: High product and maintenance costs affect affordability. Technical limitations include sensor accuracy, bulk and short lifespan.

Opportunity: Favorable reimbursement and growing diabetic population in China present opportunities. Technological advancements will augment product features.

Threats: Stringent regulatory landscape and data privacy concerns from continuous data sharing pose threats. Substitutes like self-monitoring devices are cheaper alternatives.

Key Takeaways

The China Continuous Glucose Monitoring Devices Market Growth is expected to witness high growth during the forecast period of 2023 to 2030, growing at a CAGR of 5.7%.

Regional analysis: The South China region dominates the market currently due to growing diabetic prevalence, favorable insurance coverage and presence of key players. The North China region is expected to grow fastest during the forecast period supported by increasing healthcare infrastructure, reimbursments and awareness campaigns.

Key players: Key players operating in the China continuous glucose monitoring devices market are Cargill Incorporated, Archer Daniels Midland Company (ADM), Bunge Limited, Ingredion Incorporated, Tate & Lyle PLC, Didion Milling, Semo Milling, Agrana Beteiligungs-AG, The Andersons, Inc., LifeLine Foods. These players compete based on technological innovations, service offerings, quality and pricing.

For more insights, read- https://www.newsanalyticspro.com/china-continuous-glucose-monitoring-devices-market-trends-size-and-share-analysis/

For more details on the report, Read- https://careersplay.com/how-biochips-are-reshaping-the-landscape-of-medical-advancement-in-healthcare-industry

Poonam

China Continuous Glucose Monitoring Devices Market Is Estimated To Witness High Growth Owing To Growing Demand For Remote Patient Monitoring

Pooja Khodke 2024-01-19

The global China Continuous Glucose Monitoring Devices Market is estimated to be valued at US$ 2 Billion in 2024 and is expected to exhibit a CAGR Of 3. Porter’s AnalysisThreat of new entrants: The threat of new entrants is moderate in the China continuous glucose monitoring devices market. Key TakeawaysThe China Continuous Glucose Monitoring Devices Market Demand is expected to witness high growth over the forecast period driven by increasing diabetes prevalence. The global China Continuous Glucose Monitoring Devices Market is estimated to be valued at US$ 2 billion in 2024 and is expected to exhibit a CAGR of 3. Key players:Key players operating in the China continuous glucose monitoring devices market are Dexcom, Abbott, Senseonics, Medtronic and Novo Nordisk.

The China Continuous Glucose Monitoring Devices Market Is Driven By Increasing Prevalence Of Diabetes

ashwinicmi 2023-12-28

The increasing prevalence of diabetes in China, coupled with growing awareness regarding diabetes management, has augmented the demand for continuous glucose monitoring devices in the country. The global China Continuous Glucose Monitoring Devices Market is estimated to be valued at US$ 176. Porter's Analysis Threat of new entrants: The China continuous glucose monitoring devices market has moderate threat of new entrants due to the increasing healthcare expenditures and rising disposable income of consumers. Competitive rivalry: The competition in the China continuous glucose monitoring devices market is high due to the presence of numerous national and international brands. Regional analysis The eastern region dominates the China continuous glucose monitoring devices market due to the growing diabetic population and increasing healthcare expenditures in this region.

Continuous Glucose Monitoring Devices Market Growth Accelerated By Rise In Diabetes Cases

Dhanesha Patil 2024-01-03

The global continuous glucose monitoring devices market provides an effective way to monitor glucose levels for people suffering from type 1 diabetes as well as type 2 diabetes on an insulin pump. The global Continuous Glucose Monitoring Devices Market is estimated to be valued at US$ 2. This has resulted in an increased demand for effective glucose monitoring devices like CGM systems. Segment Analysis The Global Continuous Glucose Monitoring Devices Market analysis is segmented on the basis of component, type and end use. Based on type, the market is segmented into self-monitoring blood glucose system and continuous glucose monitoring system.

China's Growing Continuous Glucose Monitoring Devices

Sneha 2024-03-15

Key players such as Ypsomed, Roche, and Medtronic currently account for over 60% of China's CGM share but local upstarts are gaining ground rapidly. - Deep Blue Technology: Based in Wuxi, Deep Blue produces the WatchOG glucose monitoring bracelet approved in 2019. Meanwhile, clinicians and patients increasingly recognize the benefits of continuous monitoring technology versus finger pricking alone. Going forward, the Chinese CGM is expected to grow at a 15% compound annual rate through 2027 according to industry analysts. Get more insights on China Continuous Glucose Monitoring Devices

The Continuous Glucose Monitoring Devices Market to grow at highest pace owing to rising prevalence of diabetes

Purvaja 2024-02-13

The continuous glucose monitoring devices market primarily consists of glucose monitors and sensors that are used for monitoring glucose level in blood. The global continuous glucose monitoring devices market is estimated to be valued at US$ 3. The demand for Continuous Glucose Monitoring Devices Market Demand is growing significantly due to the increasing diabetic population globally. Technological advancements are further fueling the growth of the continuous glucose monitoring devices market. Impact of COVID-19 on Continuous Glucose Monitoring Devices Market The COVID-19 pandemic has significantly impacted the growth of the continuous glucose monitoring devices market.

Continuous Glucose Monitoring Devices Market Is Estimated To Witness High Growth Owing To Increasing Prevalence of Diabetes

Pooja salve 2023-10-03

The global Continuous Glucose Monitoring (CGM) Devices Market is estimated to be valued at US$ 5. PEST Analysis: Political: The political factors affecting the continuous glucose monitoring devices market include government regulations, policies, and healthcare reforms. For example, the FDA in the United States requires the approval of continuous glucose monitoring devices to ensure their safety and efficacy. The rising prevalence of diabetes and the increasing need for efficient glucose monitoring drive the demand for continuous glucose monitoring devices. Regional analysis shows that North America is the fastest-growing and dominating region in the continuous glucose monitoring devices market.

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Continuous Glucose Monitoring Devices Market Analysis, Top Key Players, and Industry Statistics, 2021-2027

Supriya kokate 2021-02-03

The Global Continuous Glucose Monitoring Devices Market research report offers accurate insights for the growth prospects of the Continuous Glucose Monitoring Devices market in the forecast years 2020-2027.

The report is an all-inclusive study of the Continuous Glucose Monitoring Devices market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.

The global public health emergency has disrupted the lives of everyone across the globe.

It has also had a substantial impact on the Continuous Glucose Monitoring Devices industry as global supply chains have been disrupted, and the financial scenario is tight.

The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2172Scope of the Market Report: The report offers a holistic overview of the Continuous Glucose Monitoring Devices industry that offers all the essential information.

Along with this, the report extensively studies the competitive landscape in the market and profiles the key players of the industry.The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies.

Continuous Glucose Monitoring (CGM) Devices Market Segmentation Ad Forecast 2023-2030

Rahul Kumar Yadav 2023-07-21

The Continuous Glucose Monitoring (CGM) Devices Market has witnessed significant growth and evolution in recent years, driven by the increasing prevalence of diabetes and the growing demand for advanced diabetes management solutions. The CGM devices market can be segmented based on various factors, such as technology, component, end-user, and region. The increasing adoption of CGM devices by individual users is one of the major drivers for market growth. North America dominates the Continuous Glucose Monitoring (CGM) Devices Market due to the high prevalence of diabetes and the presence of well-established healthcare infrastructure. Overall, the Continuous Glucose Monitoring (CGM) Devices Market is experiencing remarkable growth and diversification with advancements in technology and a rising focus on diabetes management.

COVID-19 Impact on Glucose Monitoring Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2028

Ispita Smith 2021-11-29

A credible Glucose Monitoring Devices Market report is an indispensable model to have increments in business activities, qualitative work done, and enhanced profits. An expert team analyses and forecasts market data using well established market statistical and coherent models to make this Glucose Monitoring Devices business report outstanding. Global Glucose Monitoring Devices Market research document serves to be an ideal solution for better understanding of the market. Covid-19 Pandemic Impact on the Glucose Monitoring Devices Market:The Covid-19 outbreak negatively affected the market. MAJOR TOC OF THE Global Glucose Monitoring Devices Market REPORT:Chapter One: Glucose Monitoring Devices Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Glucose Monitoring Devices Market Competition, by PlayersChapter Four: Glucose Monitoring Devices Market Size by RegionsChapter Five: Glucose Monitoring Devices Market Revenue by CountriesChapter Six: Glucose Monitoring Devices Market Revenue by TypeChapter Seven: Glucose Monitoring Devices Market Revenue by ApplicationChapter Eight: Glucose Monitoring Devices Market Revenue by IndustriesChapter Nine: Glucose Monitoring Devices Market Revenue by Deployment ModelChapter Ten: Glucose Monitoring Devices Market Revenue by End User Top Key Players of this Global Glucose Monitoring Devices Market –DiaMonTech AG, 77 Elektronika Kft, Abbott, OrSense, GlySens Incorporated.

Glucose Monitoring Devices Market Research Report Up to 2028

Data Bridge Market Research 2022-03-17

The Glucose Monitoring Devices Market Scope and SizeA credible Glucose Monitoring Devices Market research report is generated by using integrated approaches and latest technology for the best results. dbmr=global-glucose-monitoring-devices-marketGlucose Monitoring Devices Market is anticipated to witness growth during the forecast period due to growing demand at the end user level. Global Glucose Monitoring Devices Market report is sure to help enhance sales and improve return on investment (ROI). com/reports/global-glucose-monitoring-devices-marketKey Players Glucose Monitoring Devices MarketDiaMonTech AG, 77 Elektronika Kft, Abbott, OrSense, GlySens Incorporated. among other domestic and global playersMAJOR TOC OF THE REPORTChapter One: Glucose Monitoring Devices Market OverviewChapter Two: Manufacturers ProfilesChapter Three: Glucose Monitoring Devices Market Competition, by PlayersChapter Four: Glucose Monitoring Devices Market Size by RegionsChapter Five: Glucose Monitoring Devices Market Revenue by CountriesChapter Six: Glucose Monitoring Devices Market Revenue by TypeChapter Seven: Glucose Monitoring Devices Market Revenue by ApplicationChapter Eight: Glucose Monitoring Devices Market Revenue by IndustriesChapter Nine: Glucose Monitoring Devices Market Revenue by Deployment ModelChapter Ten: Glucose Monitoring Devices Market Revenue by End UserGet TOC Details: https://www.

Continuous Glucose Monitoring Devices Market Share, Industry Growth, Trend, Drivers, Challenges, Key Companies by 2027

Aditya Gophane 2021-03-05

The Global Continuous Glucose Monitoring Devices Market report encompasses vital information about the Continuous Glucose Monitoring Devices market that offers valuable insights about the dynamics of the Continuous Glucose Monitoring Devices market to the readers and businesses.

The report presents key statistical data about the Continuous Glucose Monitoring Devices market for the forecast timeline of 2020-2027, covering historical analysis, demands and supply dynamics, current and emerging trends, and revenue estimations.

The report consists of total market insight based on the company, major countries, and applications and types in the competitive market.

The report strives to provide an accurate estimation of the market trends for the Continuous Glucose Monitoring Devices market from the year 2020 to the year 2027.

The research report consists of a complete market analysis, including financial standing, revenue estimation, limitations, and dynamics that might affect the market.The report is generated according to the latest economic landscape in tune with the COVID-19 crisis.

The pandemic has affected the global economic scenario, and the report provides details about its impact on the overall industry.

Continuous Glucose Monitoring Devices: A Game-Changer for Diabetes Care

Larry Paige 2023-07-05

These devices offer real-time and continuous monitoring of glucose levels, providing invaluable insights and empowering patients in several ways. This allows individuals to understand how their activities, meals, and medications impact their glucose levels, enabling informed decision-making for optimal diabetes management. Furthermore, Continuous Glucose Monitoring Devices support personalized treatment adjustments. Moreover, CGM devices reduce the need for frequent fingerstick tests, improving convenience and reducing the physical discomfort associated with traditional glucose monitoring methods. Overall, CGM devices have transformed diabetes care by providing real-time glucose data, promoting proactive management, enabling personalized treatment adjustments, and enhancing overall quality of life for individuals with diabetes.

Continuous Glucose Monitoring Market Penetration, Development & Innovation, Market Diversification Analysis Report to 2023-2032

Gracey Cummins 2023-03-16

A recently published study by Polaris Market Research titled “Continuous Glucose Monitoring Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032” contains a detailed examination of major trends, dynamics, and market size of Continuous Glucose Monitoring Market. “According to the research report published by Polaris Market Research, the Global Continuous Glucose Monitoring Device Market Size Is Expected To Reach USD 14. ”It then offers an analysis of the segmentation of Continuous Glucose Monitoring Market by types, potential applications, and production analysis. Ask Us to Get Your Sample PDF Report on Continuous Glucose Monitoring Market" Covering TOC and Regional Analysis https://www. com/industry-analysis/continuous-glucose-monitoring-marketAbout Us:Polaris Market Research is a worldwide market research and consulting organization.

Global Continuous Glucose Monitoring Meter Market Report, Latest Trends, Industry Opportunity & Forecast to 2027

Nancy Patel 2021-07-24

Continuous Glucose Monitoring Meter Market report published by Value Market Research, which studies the future outlook of the market.

It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the continuous glucose monitoring meter market include Abbott Laboratories, Dexcom, Inc., A. Menarini Diagnostics, Echo Therapeutics, Inc., GlySens Incorporated, Johnson & Johnson, Medtronic plc, Senseonics Holdings, Inc., and F. Hoffmann-La Roche Ltd.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Continuous Glucose Monitoring Meter Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/continuous-glucose-monitoring-meter-market/download-sampleMarket DynamicsThe prime factors driving the global continuous glucose monitoring meter market are the rising burden of diabetic patients and the increasing demand for minimally invasive monitoring devices.

As per Diabetes Research and Clinical Practice, the global diabetes prevalence in 2019 was estimated to be 463 million people, rising to 10.2% by 2030 and 10.9% by 2045.

Growing approvals by FDA for new CGM monitoring device is projected to boost competition as well as revenue.

The Global Continuous Glucose Monitoring Devices Market Forecast to 2027 | Global Industry Report

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The report consists of total market insight based on the company, major countries, and applications and types in the competitive market.

The report strives to provide an accurate estimation of the market trends for the Continuous Glucose Monitoring Devices market from the year 2020 to the year 2027.

The pandemic has affected the global economic scenario, and the report provides details about its impact on the overall industry.

Latin America Continuous Glucose Monitoring Device can be used in conjunction with insulin pumps to increase accuracy and effectiveness

Ben Wood 2022-05-05

1 Overall measurement error has been reduced by a factor of two in recent years, and accuracy continues to improve. CGM sensors/devices have shrunk in size, weight, complexity, and cost, while their duration of use, specificity, user-friendliness, user interface and displays, data management, and software for data analysis have all improved. Clinical advantages have been established in a variety of patient categories, including paediatrics, adolescents, and adults, with varying levels of glycemic control at baseline. The effectiveness of CGM can work in tandem with the advantages of insulin pumps. cmi/latin-america-continuous-glucose-monitoring-device-allows-people-with-diabetes-to-check-glucose-95cfee50a785Click here for Latin America Continuous Glucose Monitoring Device Market Report:https://www.

Continuous Glucose Monitoring Systems Market Giants Spending Is Going to Boom with A. Menarini Diagnostics S.r.l.

reportsandmarkets 2021-12-07

The data also includes a list of the different factors that affect the Continuous Glucose Monitoring Systems market either positively or negatively. OverviewThe report published on the global Continuous Glucose Monitoring Systems market is a comprehensive analysis of a variety of factors that are prevalent in the Continuous Glucose Monitoring Systems market. The current market share occupied by the global Continuous Glucose Monitoring Systems market from the year 2019 to the year 2026 has been presented. How the pricing of essential raw material and related market affects Continuous Glucose Monitoring Systems market? com/Ph: +1-352-353-0818 (US)

Role of Continuous Glucose Monitoring Devices in Diabetes Management

Lucy Kart 2024-02-16

Traditionally, glucose levels were managed by periodic finger-prick tests to check blood glucose levels. However, continuous glucose monitoring (CGM) devices have revolutionized diabetes management by providing real-time glucose readings throughout the day and night without the need for finger-prick tests. Continuous Glucose Monitoring Devices CGM devices work by inserting a small flexible wire sensor inserted just under the skin to measure glucose levels in interstitial fluid, which closely match blood glucose levels. - Ease of Use: Eliminates the pain and inconvenience of frequent finger-pricking allowing diabetes management to blend better into daily lives. Role in Special Situations CGM has additional advantages in special circumstances affecting glucose control such as: - Pregnancy Diabetes: Careful glucose management through CGM is vital in gestational diabetes to prevent complications in mother and child.

Say Goodbye to Fingersticks & hello to Continuous Glucose Monitoring Systems

Med Supply US 2023-07-22

Say Goodbye to Fingersticks& hello to Continuous Glucose Monitoring SystemsWelcome to Med Supply US, your trusted destination for top-tier Continuous Glucose Monitoring (CGM) devices. We understand the significance of accurate blood glucose monitoring, and our products are designed to empower individuals to take charge of their health and make informed decisions. At Med Supply US, we take great pride in our dedication to customer satisfaction. Whether you're looking for continuous glucose monitoring for yourself or a loved one, we are here to guide you through the selection process and ensure you make a well-informed choice. Thank you for choosing Med Supply US as your partner in managing diabetes and improving your overall well-being.

Mobile Continuous Glucose Monitoring Market 2021 Major Key Players and Industry Analysis Till 2027

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The entire mobile continuous glucose monitoring market has been sub-categorized into type, application. Request a FREE Sample Copy of Global Mobile Continuous Glucose Monitoring Market Report with Full TOC At: https://www. com/contact/mobile-continuous-glucose-monitoring-market/download-sampleBy Type· Invasive· Non-Invasive (Exfoliation)By Application· Self/Home Care· Hospital & ClinicsThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mobile continuous glucose monitoring market include Dexcom, Medtronic, LifeScan, Roche, Insulet, Abbott Laboratories, Panasonic Healthcare, Echo Therapeutics, Tandem Diabetes Care, GlySens. Browse Full Global Mobile Continuous Glucose Monitoring Market Research Report With TOC At: https://www.

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The global public health emergency has disrupted the lives of everyone across the globe.

It has also had a substantial impact on the Continuous Glucose Monitoring Devices industry as global supply chains have been disrupted, and the financial scenario is tight.

The Global Continuous Glucose Monitoring Devices Market Forecast to 2027 | Global Industry Report

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The report consists of total market insight based on the company, major countries, and applications and types in the competitive market.

The report strives to provide an accurate estimation of the market trends for the Continuous Glucose Monitoring Devices market from the year 2020 to the year 2027.

The pandemic has affected the global economic scenario, and the report provides details about its impact on the overall industry.

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Continuous Glucose Monitoring Systems Market Giants Spending Is Going to Boom with A. Menarini Diagnostics S.r.l.

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The report consists of total market insight based on the company, major countries, and applications and types in the competitive market.

The report strives to provide an accurate estimation of the market trends for the Continuous Glucose Monitoring Devices market from the year 2020 to the year 2027.

The pandemic has affected the global economic scenario, and the report provides details about its impact on the overall industry.

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Continuous Glucose Monitoring Meter Market report published by Value Market Research, which studies the future outlook of the market.

As per Diabetes Research and Clinical Practice, the global diabetes prevalence in 2019 was estimated to be 463 million people, rising to 10.2% by 2030 and 10.9% by 2045.

Growing approvals by FDA for new CGM monitoring device is projected to boost competition as well as revenue.