Continuous Glucose Monitoring Market in Industry: Consumer Goods, Applications, Growth and Status 20
The Continuous Glucose Monitoring (CGM) Market has seen significant growth, valued at USD 7.92 billion in 2023. Forecasts suggest further expansion, with expectations reaching USD 11.10 billion by 2031. This growth is indicative of the increasing prevalence of diabetes globally and the growing adoption of CGM systems for effective glucose monitoring and management. With an anticipated compound annual growth rate (CAGR) of 4.03% over the forecast period from 2024 to 2031, the market is poised for steady development, driven by factors such as technological advancements in CGM devices, rising awareness about diabetes management, and the emphasis on preventive healthcare measures.
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