Flash Glucose Monitoring Market Trends

  • Report ID: 427
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Flash Glucose Monitoring Market Trends

Growth Drivers

  • Worldwide Rising Incidences of Chronic Diseases - Chronic diseases are medical terms that occur themselves over time. It is regarded as the costliest and widespread health-care problem around the world. Currently, people are suffering from several chronic diseases which have been affecting the physical condition and a wellness level of life of the millions of people. Diabetes, chronic obstructive pulmonary disease, cardiac diseases are all comes under the chronic diseases, thus, increasing stances of chronic diseases throughout the world is leading the growth of the flash glucose monitoring market. For instance, chronic disease occurrence had increased globally around 60% by the end of 2020.
  • Growing Improvement in Glycemia in Higher Risk Patients with the Use of Flash Glucose Monitoring – For instance, it was observed in a research, the use of a flash glucose monitoring device for the first 15 days and over 6 months revealed that the improvement in dysglycemia occurred primarily in the first month of device usages. When the first and last 14 study days were compared, high-hyperglycemic-risk individuals reduced their time >240 mg/dL (meanSEM) from 6.070.06 to 5.730.09 hours/day (p0.0001). High-frequency scanners displayed a reduced hyperglycemia by 0.82 hours per day (p0.0001).
  • Rising Trend of Using IoT for Monitoring Patients Health - For instance, around 82% of healthcare facilities and 65% of patients want to utilize remote patient monitoring systems as a part of their medical treatment.
  • Worldwide Increase in Long-Term Care for Geriatric Population - For instance, seniors over the age of 66 in the United States have a nearly 73% chance of eventually needing long-term care services.
  • Upsurge in Virtual Connectivity - For instance, presently there are around 6 billion internet users worldwide.

Challenges

  • Overloaded Data Issue with Flash Glucose Monitoring
  • Skin Irritation Caused by Flash Glucose Monitoring Systems
  • Lack of Sufficient Reimbursement for Flash Glucose Monitoring Systems

Flash Glucose Monitoring Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

8.7%

Base Year Market Size (2024)

USD 15.53 million

Forecast Year Market Size (2037)

USD 45.94 million

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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 427
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of flash glucose monitoring is evaluated at USD 16.61 million.

The flash glucose monitoring market size was over USD 15.53 million in 2024 and is projected to reach USD 45.94 million by 2037, growing at around 8.7% CAGR during the forecast period i.e., between 2025-2037. Worldwide rising incidences of chronic diseases, and growing improvement in glycemia in higher risk patients with the use of flash glucose monitoring, will drive the market growth.

North America industry is estimated to hold largest revenue share of 40% by 2037, backed by changing lifestyle, rising prevalence of obesity, rising healthcare expenditure, and increasing cases of diabetes in the region

The major players in the market are Novo Nordisk A/S, DexCom, Inc., GlySens Incorporated, Medtronic plc, Insulet Corporation, Ypsomed Holding AG, F. Hoffmann-La Roche Ltd, Abbott Laboratories, Tandem Diabetes Care, Inc., ForaCare, Inc.
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