U.S. Continuous Glucose Monitoring (CGM) Market Size By Demography (Child population, Adult population), By Testing Type (Stomach, Back of the arm), By End-Use (Split Hospitals, Home care), And Forecast

U.S. Continuous Glucose Monitoring (CGM) Market Size And Forecast

U.S. Continuous Glucose Monitoring (CGM) Market size was valued at USD 5,433.29 Million in 2023 and is projected to reach USD 20,751.15 Million by 2030, growing at a CAGR of 21.08% from 2024 to 2030.

The rising cases of diabetes and the growing demand for more advanced glucose monitoring devices have led to notable expansion and innovation in the continuous glucose monitoring market in the United States in recent years. The U.S. Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

U.S. Continuous Glucose Monitoring (CGM) Market Definition

For folks managing diabetes, Continuous Glucose Monitoring (CGM) is a real game-changer! This cool gadget is a cutting-edge way to keep an eye on blood sugar, constantly tracking those glucose levels around the clock. Instead of just occasional finger pricks, CGM gives you live updates on your blood sugar. This real-time data shows concentrations and trends, helping you make smart choices about medicine, food, and how you live your life. CGM systems usually have a tiny sensor that goes under your skin, plus a transmitter and either a receiver or a phone app to show you all the glucose info.

U.S. Continuous Glucose Monitoring (CGM) Market Overview

Continuous Glucose Monitoring (CGM) is a game-changing technology that has changed the diabetes management environment. CGM enables people with diabetes to take charge of their health, make educated decisions, and live a better life by delivering real-time data on glucose levels. This entire system, which consists of a sensor, transmitter, receiver or smartphone app, data analysis tools, and alerts, has significantly improved diabetes treatment by increasing glucose control, lowering the risk of hypoglycemia and hyperglycemia, and boosting general well-being.

Lately, we've seen a real boom in the continuous glucose monitoring (CGM) market here in the United States! Why? Well, diabetes cases are on the rise, and folks are looking for smarter ways to keep track of their blood sugar. CGM is a pretty amazing technique; it's like having a tiny assistant that constantly monitors your glucose levels, giving you real-time info to help manage your diabetes. Thanks to all the cool tech advancements, more people being diagnosed, and a greater understanding of the benefits, the market has just exploded. Let's be honest, thoughthe biggest reason for all this growth is simply that more and more people in the US are living with diabetes.

Did you know that a whopping 37.3 million people in the US – that's about 1 in 10 Americans (11.3% of us!) – have diabetes? That's according to the Centers for Disease Control and Prevention (CDC). Because it's so common, there's a huge push for better ways to keep track of blood sugar, like those fancy CGMs. Plus, everyone from doctors to people who might be at risk is realizing how important it is to manage blood sugar. This means more people are getting checked and diagnosed earlier, which only makes the demand for CGMs even bigger. But, here's the catchthe high cost of CGM devices is a major obstacle in the U.S. Continuous Glucose Monitoring (CGM) Market. These gadgets can be pricey, and getting insurance to cover them completely isn't always easy. That can make it tough for people with diabetes who really want to use CGMs.

U.S. Continuous Glucose Monitoring (CGM) Market Segmentation Analysis

The U.S. Continuous Glucose Monitoring (CGM) Market is segmented on the basis of Demography, Testing Type, and End-Use.

U.S. Continuous Glucose Monitoring (CGM) Market, By Demography

• Child Population
• Adult Population

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Based on Demography, the market is divided into Child population and Adult population. Adult Population accounted for the largest market share of 89.19% in 2022, with a market value of USD 4,003.47 Million, and is projected to grow at the highest CAGR of 20.74% during the forecast period. Child Population was the second-largest market in 2022, valued at USD 485.39 Million in 2022; it is projected to grow at a CAGR of 23.56%.

U.S. Continuous Glucose Monitoring (CGM) Market, By Testing Type

• Stomach
• Back of the Arm

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Based on Testing Type, the market is divided into Stomach and Back of the arm. Back of the Arm accounted for the largest market share of 83.13% in 2022, with a market value of USD 3,731.50 Million, and is projected to grow at a CAGR of 21.29% during the forecast period. Stomach was the second-largest market in 2022, valued at USD 757.37 Million in 2022; it is projected to grow at a CAGR of 19.98%.

U.S. Continuous Glucose Monitoring (CGM) Market, By End-Use

• Split Hospitals
• Home care
• Diagnostic Centers & Clinics
• Others

Based on End-Use, the market is Split Hospitals, Home care, Diagnostic Centers & Clinics, and Others.

Key Players

The “U.S. Continuous Glucose Monitoring (CGM) Market” study report will provide valuable insight with an emphasis on the market. The major players in the market include Abbott, Dexcom, Inc., Senseonics Holdings, Inc., Medtronic, Roche, A. Menarini Diagnostics s.r.l, Echo Therapeutics, Inc., GlySens Incorporated, LifeScan Inc., Agamatrix, Insulet Corporation, and Nemaura Medical.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• June 2023Abbott developed a new bio wearable sensor that would continually monitor glucose and ketone levels. The system has received FDA breakthrough device designation, which is intended to speed the examination of revolutionary technologies that potentially enhance the lives of patients with life-threatening or irreversibly debilitating diseases or disorders.

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