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Global Continuous Glucose Monitoring System, Strategy, Industry Overview, Size, Regional Analysis, Share, Global Trends, Opportunities, Segmentation and Forecast 2014 – 2020 More Info. Visit http://www.occamsresearch.com/Healthcare/Medical-Devices
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Global CGMS Market Forecast 2014 – 2020 Occams Business Research & Consulting
Table of contents • Introduction • CGMS market Segmentation • By Device • By application • CGMS Market overview • Sector Analysis • Drivers of CGMS Market • Restraints of CGMS Market • Challenges of CGMS Market • Opportunities of CGMS Market • Market share Analysis • Key Strategies of Market Leaders • Geography Analysis • Market Estimation OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
INTRODUCTION CGMS are medical devices that help diabetic patients track their glucose levels through 24 hours. These devices are priced in the range of $1,000 to $1,500, and have to be calibrated with SMBG devices. CGMS comprise three main components sensor, transmitter and receiver. There are 380 million diabetic patients and globally the number of patients are increasing every year. OCCAMS BUSINESS RESEARCH &CONSULTING PVT. LTD.
CGMS Market Segmentation CGMS Market Device -Sensors -Transmitters and receivers -Integrated insulin pumps GeographyNorth America -US -Canada Europe -UK -Spain -Germany -Italy -France APAC -China -Japan -India Applications-Home setting-Clinical-Hospital Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Sensors are the largest segment of CGMS Over 60% of CGMS market is covered by sensors Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Market Determinants -Drivers Rise in diabetic patients increases opportunity for CGMS Rise in global health expenditure Emerging Asian market Increase R&D funding and faster approval for APD. Insulin pump manufacturers willing to integrate CGMS and Insulin pump technology Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Key Strategies of CGMS market Innovation to overcome competition and CGMS issues such as.High price of sensorsLow reliabilityNeed for calibration Recent development Echo therapeuticals developed symphony system with prelude skin prep systemMiniMed duo combines a glucose sensor and insulin infusion set into one on body device. Partnership to leverage technologyTo use each other’s distribution networks for sale To capitalize on the individual strength of company OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Key Restraints of CGMS Market Stringent Government policies and regulations Established SMBG device manufacturers to stagnate CGMS growthPoor access to healthcare services in developing nations Lack of Awareness in developing countries OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Opportunity Analysis & More…. Growing diabetic population globally APAC has more than 40% of the total diabetic patients Emergence of new segment - Pediatrics More than 79000 children develop type 1 diabetes Hypoglycemia cases are more frequent in children below 10 OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Challenges of CGMS Market High price of CGMS products is the key challenge No government support for the consumerUnmet diabetic need to be overcome OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Geographic Analysis……1 CGMS market by geography Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Increase in Awareness Levels Will Enable Quick Growth in Opportunity Markets • North America- North America is the largest market for CGMS devices and applications. The increasing diabetic patients and health expenditure drives the CGMS market in the region. • Europe is also has opportunity and demand for CGMS products. There are more than 60 million diabetic patients in Europe. • APAC is fastest growing region for CGMS market- The highest diabetic nations such as China and India creates huge opportunity for CGMS market. However, low awareness and price sensitive consumer are biggest restraint of Asian Market. OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD. Source: OBRC Analysis
Market Estimation – Sample Tables Global CGMS market by product Global CGMS Market by Geographies Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Market Estimation contd… • Sensors has the largest market share in CGMS market • Sensors are the fastest growing segment in all geography with over 33% CAGR from the year 2014 to 2020. • Transmitters and receivers are followed by sensors with over 31% CAGR from the year 2014-2020 • More Information Click : Global Continuous Glucose Monitoring System Market ( Real Time Monitoring, Integrated Insulin Pumps, Blood Glucose, Manufacturers, IPRO Glucose, MARD, SMBG, Diabetic Population, Type 1&2 Diabetes) Growth, Share, Forecasts 2014 – 2020 OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
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