Global CGMS Market Forecast 2014 – 2020
Occams Business Research & Consulting
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Table of contents
•Introduction•CGMS market Segmentationo By Deviceo 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.
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.
INTRODUCTION
OCCAMS BUSINESS RESEARCH &CONSULTING PVT. LTD.
Applications
-Home setting-Clinical-Hospital
CGMS Market Segmentation
Device
-Sensors -Transmitters and receivers-Integrated insulin pumps
CGMS Market
GeographyNorth America-US-CanadaEurope-UK-Spain-Germany-Italy-France
APAC-China-Japan-India
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Sensors are the largest segment of CGMS
Over 60% of CGMS market is covered by sensors
Source: OBRC Analysis
Global CGMS market, 2013
Sensors
Transmitters and recievers
Integrated Insulin pumps
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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
Market Determinants -Drivers
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
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 system MiniMed 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 saleTo capitalize on the individual strength of company
Key Strategies of CGMS market
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Stringent Government policies and regulations
Established SMBG device manufacturers to stagnate CGMS growth
Poor access to healthcare services in developing nations
Lack of Awareness in developing countries
Key Restraints of CGMS Market
OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
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
Opportunity Analysis & More….
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High price of CGMS products is the key challenge
No government support for the consumer
Unmet diabetic need to be overcome
Challenges of CGMS Market
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Geographic Analysis……1
CGMS market by geography
Source: OBRC Analysis
20202013
North AmericaLatin AmericaAsia PacificEuropeROW
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•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.
Increase in Awareness Levels Will Enable Quick Growth in Opportunity Markets
Source: OBRC Analysis OCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
Device 2011 2012 2013 2014 2015 2016 2017 2018Sensors xxx xxx xxx xxx xxx xxx xxx xxxTransmitters and receivers xxx xxx xxx xxx xxx xxx xxx xxxIntegrated Insulin pumps xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx
Region 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 CAGRNorth America xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxAsia Pacific xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxEurope xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxROW xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxxTotal xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx
Global CGMS Market by Geographies
Market Estimation – Sample Tables
Global CGMS market by product
Source: OBRC AnalysisOCCAMS BUSINESS RESEARCH & CONSULTING PVT. LTD.
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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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1C-603, Versova Trishul CHS Ltd. Andheri West Mumbai 400 061, India
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Email: [email protected]
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