Functionality of continuous glucose monitoring (CGM) systems will be a vital factor for defining consumption trends in the global CGM systems market. Components used for monitoring glucose levels and displaying the results to users are expected to become prime criteria for consumers. Even micro-components used for diagnostic processes in CGM systems can account for a major revenue share in global market for continuous glucose monitoring systems. Future Market Insights (FMI) forecasts that technological advancements will play an integral role in defining the prominence of a component over the other. Key findings based on the functions of components and their compliance to changing usage requirements are likely to govern the market share for continuous glucose monitoring systems on the basis of component-type segments.
FMI’s report has segmented the global market into component categories such as insulin pump, sensors and transmitters & monitors. Since the basic function of CGM devices is to check the blood sample and display results to users instantaneously, transmitters are expected to be the foremost component segment in the global market. Continuous glucose monitoring systems market’s value share accounted by transmitters and monitors is collectively estimated to be nearly 40% through 2020. Increasing preferences or adoption of inactive lifestyle might be the biggest proponent of using CGM devices at home, but this factor is also demanding enhancements in transmitting and monitoring function of these devices. Accurate monitoring and effective transmission of data and biometrics helps CGM systems to garner more support among consumers. With such efficient functioning, hospitals and other diagnostic centres are urged towards installing CGM systems with high-performance transmitters & monitors.
By 2020, the revenue share of continuous glucose monitoring systems will endure a majority as opposed to other components. More information on components and their value share in global CGM systems market can be availed by requesting a free sample of FMI’s report at www.futuremarketinsights.com/reports/sample/rep-gb-694.
