Global Continuous Glucose Monitoring System (CGM Market, Integrated Insulin Pumps, MARD, SMBG, Growing Diabetic Population, Type 1&2 Diabetes, Nocturnal Hypoglycemia) Price, Industry Analysis, Market Growth, Market Share, Forecasts 2014 - 2020

LONDON, June 10, 2015 /PRNewswire/ -- Continuous glucose monitoring System (CGMS) are medical devices which enable the diabetic patients to track their glucose levels. Sensor, transmitter and receiver are the main components of CGMS devices which are available in the price range of $1000 to $1500. CGMS market is gradually increasing due to increase in diabetes patients and pouring investment in research and development. Globally, the major market for CGMS devices is North America which is responsible for 80% of the contribution in total revenues. The CGMS market has been facing tough competition from Self monitoring of blood glucose (SMBG) device market still the market is expected to reach $27.6 billion in 2020.

North America will continue to be the huge market for CGMS and SMBG devices. However, 80 % of the total diabetic patients are from emerging economies such as India and China. These are untapped market and the healthcare companies must explore this market for increasing revenues and profit.

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