The United States Continuous Glucose Monitoring Market Is Driven By Rising Prevalence Of Diabetes

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The United States of America continuous glucose monitoring market comprises non-invasive and minimally invasive devices that measure glucose levels in interstitial fluid or blood. Continuous glucose monitoring devices help people with diabetes monitor their glucose levels and make effective treatment decisions. They provide real-time glucose readings through wired or wireless modes to a receiver or compatible smart device. This improves diabetes management and prevents hypoglycemia through alerts. Being less painful than the conventional finger-pricking method, continuous glucose monitors have gained popularity among diabetic patients. Some innovative monitors can also detect trends and predict glucose levels in advance to potentially help avoid excursions.

The Global United States of America Continuous Glucose Monitoring Market is estimated to be valued at US$ 599.47 Mn in 2024 and is expected to exhibit a CAGR of 8.6% over the forecast period 2024-2031.

Key Takeaways:

Key players operating in the United States of America continuous glucose monitoring are Abbott, Dexcom, Inc., Medtronic, Senseonics, Inc., ...
... F. Hoffmann-La Roche Ltd., GLUCOVATION, INC., Nemaura Medical Inc., GlySens, GlucoModicum, and Signos, Inc.

The growing prevalence of diabetes owing to sedentary lifestyle and obesity has also increased the demand for continuous glucose monitoring devices in the country. Continuous innovation and advanced features in devices like more accuracy, alerts, and smartphone integration are encouraging adoption.

Globally, continuous glucose monitoring markets across regions like North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are also witnessing consistent expansion due to raising awareness, favorable reimbursement policies, and new product launches.

Market Drivers:

Rising incidence of diabetes due to increasing risk factors like unhealthy diet, lack of physical activity, increased stress levels, and genetic predisposition has been a major growth driver for the continuous glucose monitoring market in the United States. As per a latest CDC report, about 37.3 million Americans had diabetes in 2021 indicating the enormous potential for adoption of such devices. Improved affordability of continuous monitoring systems through insurance coverage is also fueling their demand.

The Current Geopolitical Landscape Is Impacting The Growth Of The United States Of America

Continuous Glucose Monitoring Market in several ways. Rising geopolitical tensions globally are exacerbating supply chain issues and impacting the availability of key raw materials used in manufacturing glucose monitors. The ongoing Russia-Ukraine conflict and sanctions against Russia are worsening existing supply constraints for components such as integrated circuits and memory chips used in these devices. Additionally, lockdowns in China due to its zero-Covid policy are disrupting international logistic networks and delaying shipments. These supply chain disruptions are hampering the ability of manufacturers to meet the rising demand in the domestic American market. However, with the focus on developing local manufacturing capabilities and alternative sourcing, companies are working to reduce the geopolitical risks. Looking forward, the manufacturers need to carefully evaluate global supply networks and build flexibility to respond to any future policy changes or trade barriers imposed by other countries. Diversifying supplier bases across different regions will help increase self-reliance and mitigate geopolitical uncertainties.

In terms of geographical markets, the Southern region of the United States accounts for the largest share of the continuous glucose monitoring market currently in terms of value. States like Florida, Texas and California collectively represent over 40% of the total market revenue owing to higher disease prevalence, growing geriatric population, and better access to healthcare facilities. However, the Midwestern region spanning states like Illinois, Ohio and Michigan is expected to emerge as the fastest growing regional market during the forecast period. This can be attributed to increasing awareness initiatives by healthcare providers, favorable reimbursement coverage, and rising incidence of diabetes in the region's population. Proactive government participation and training programs for effective diabetes management will further support market growth across Midwestern United States.

The Western region of the United States housing states such as Washington, Oregon and Colorado has shown rising adoption of continuous glucose monitoring solutions in recent years. Increased preference for advanced diabetes care devices and expanding network of ambulatory care centers providing outpatient services have boosted market revenues. Moreover, higher discretionary spending on healthcare and presence of major insurance carriers offering coverage for CGM devices are driving the market growth. With growing health consciousness among population and aging demographics, the Western states are expected to provide continued lucrative opportunities for continuous glucose monitoring companies over the next few years.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Get more insights on this topic: https://dailygram.com/blog/1310100/united-states-continuous-glucose-monitoring-market-to-witness-significant-g/

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

What Are The Key Data Covered In This United States of America Continuous Glucose Monitoring Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the United States of America Continuous Glucose Monitoring's growth between 2024 and 2031.

:- Accurate calculation of the size of the United States of America Continuous Glucose Monitoring and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- United States of America Continuous Glucose Monitoring Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of United States of America Continuous Glucose Monitoring vendors

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