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North America Continuous Glucose Monitoring Market Size: By Component: Sensors, Transmitters, Receivers; By Demography: Child Population, Adult Population; By End User: Hospitals and Clinics, Home Healthcare, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
North America Continuous Glucose Monitoring Market Outlook
The North America continuous glucose monitoring market size was valued at USD 6.56 billion in 2023. The market is further projected to grow at a CAGR of 14.5% between 2024 and 2032, reaching a value of USD 23.22 billion by 2032.
Key Takeaways
- Health expenditure in the United States has been increasing at a slightly faster rate compared to similar countries. In 2022, health expenditure accounted for 16.6% of the GDP in the United States.
- In the United States, diabetes is the most common chronic condition with over 133 million people living with diabetes or prediabetes.
- As of 2021, there are around 2.4 million users of continuous glucose monitors in the United States. However, up to 70% of CGM use is for type 1 diabetes.
Strong growth for diabetes monitoring
Type 2 diabetes constitutes as much as 95% of all diabetes cases (both diagnosed and undiagnosed) in the United States. However, about 70% of continuous glucose monitor (CGM) usage is by individuals with type 1 diabetes (T1D), with only 3-4% of the US population with type 2 diabetes (T2D) using CGM despite its proven advantages. Improvements in device technology, reimbursement policies, and digital health strategies aimed at enhancing health awareness and motivation are anticipated to stimulate the North America continuous glucose monitoring market growth.
New product launches and innovations are stimulating the market growth
- On 5th March 2024, the US Food and Drug Administration cleared the first over-the-counter continuous glucose monitoring system in the United States: The Dexcom Stelo Glucose Biosensor System. The “Stelo Glucose Biosensor System” employs a wearable sensor that, when synced with an app on the user’s smartphone or another smart device, continuously monitors, records, analyses, and displays glucose levels for individuals aged 18 and above. It is designed for those not using insulin and without issues related to low blood sugar (hypoglycemia).
- In May 2022, Abbott announced that its latest FreeStyle Libre 3 system, designed for individuals aged four and above with diabetes, received clearance from the FDA. Some of the key features of FreeStyle Libre 3 system are greatest accuracy, compact size, and easier to use.
Market Segmentation
North America Continuous Glucose Monitoring Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Component:
- Sensors
- Transmitters
- Receivers
Market Breakup by Demography:
- Child Population
- Adult Population
Market Breakup by End User:
- Hospitals and Clinics
- Home Healthcare
- Others
Market Breakup by Country:
- United States of America
- Canada
Competitive Landscape
The majority of companies are increasing their market revenue share through strategic alliances, product development, mergers and acquisitions, and global growth.
- Abbott Laboratories
- Dexcom, Inc.
- Medtronic PLC
- Senseonics, Inc.
- Byram Healthcare Centers, Inc.
- Hoffmann-La Roche Limited
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
|
| Breakup by Demography |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Continuous Glucose Monitoring Market Overview
8.1 Key Industry Highlights
8.2 Global Continuous Glucose Monitoring Historical Market (2017-2023)
8.3 Global Continuous Glucose Monitoring Market Forecast (2024-2032)
8.4 Global Continuous Glucose Monitoring Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Continuous Glucose Monitoring Market Overview
9.1 Key Industry Highlights
9.2 North America Continuous Glucose Monitoring Historical Market (2017-2023)
9.3 North America Continuous Glucose Monitoring Market Forecast (2024-2032)
10 North America Continuous Glucose Monitoring Market by Component
10.1 Sensors
10.1.1 Historical Trend (2017-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Transmitters
10.2.1 Historical Trend (2017-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Receivers
10.3.1 Historical Trend (2017-2023)
10.3.2 Forecast Trend (2024-2032)
11 North America Continuous Glucose Monitoring Market by Demography
11.1 Child Population
11.1.1 Historical Trend (2017-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Adult Population
11.2.1 Historical Trend (2017-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Continuous Glucose Monitoring Market by End User
12.1 Hospitals and Clinics
12.1.1 Historical Trend (2017-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Home Healthcare
12.2.1 Historical Trend (2017-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Others
13 North America Continuous Glucose Monitoring Market by Country
13.1 United States of America
13.1.1 Historical Trend (2017-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2017-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Abbott Laboratories
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Dexcom, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 cDemographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Medtronic PLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Senseonics, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Byram Healthcare Centers, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Hoffmann-La Roche Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Continuous Glucose Monitoring Market: Key Industry Highlights, 2017 and 2032
2. North America Continuous Glucose Monitoring Market: Key Industry Highlights, 2018 and 2032
3. North America Continuous Glucose Monitoring Historical Market: Breakup by Component (USD Billion), 2017-2023
4. North America Continuous Glucose Monitoring Market Forecast: Breakup by Component (USD Billion), 2024-2032
5. North America Continuous Glucose Monitoring Historical Market: Breakup by Demography (USD Billion), 2017-2023
6. North America Continuous Glucose Monitoring Market Forecast: Breakup by Demography (USD Billion), 2024-2032
7. North America Continuous Glucose Monitoring Historical Market: Breakup by End User (USD Billion), 2017-2023
8. North America Continuous Glucose Monitoring Market Forecast: Breakup by End User (USD Billion), 2024-2032
9. North America Continuous Glucose Monitoring Historical Market: Breakup by Country (USD Billion), 2017-2023
10. North America Continuous Glucose Monitoring Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. North America Continuous Glucose Monitoring Market Structure
Key Questions Answered in the Report
In 2023, the continuous glucose monitoring market reached an approximate value of USD 6.56 billion.
The market is expected to grow at a CAGR of 14.5% between 2024 and 2032.
The continuous glucose monitoring market in North America is expected to reach a value of USD 23.22 billion by 2032.
CGMs require three basic parts, namely, sensor, transmitter, and receiver.
Strong growth for diabetes monitoring in the region and the growing interest in glucose tracking is catalysing the market growth.
The significant expense associated with continuous glucose monitors represents a key obstacle hindering market expansion.
Major countries in the market are the USA and Canada.
Key players in the market are Abbott Laboratories, Dexcom, Inc., Medtronic PLC, Senseonics, Inc., Byram Healthcare Centers, Inc., and Hoffmann-La Roche Limited, among others.
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