MegaResearch, one of the leading agencies, conducted a market research and analysis of the CGM market prospects at our request. Let us share its brief overview.
The global market for continuous glucose monitoring (CGM) systems continues to grow rapidly. In 2024, it is estimated at USD 10,953 million with a volume of 98.6 million units. The average annual growth rate for the period from 2015 to 2023 reached 13.4% and is projected to increase up to 15.7% over the next 10 years. The market may grow to USD 233,638 million by 2045.
Sensors hold the major market share (73.5%), with an average annual growth rate of 15.4%. Type I diabetes systems account for more than 55% of the total sales volume and will maintain their leading position in the coming years.
The adult patient segment (38-39% of the market) is also expected to see steady growth, especially against the rising incidence of diabetes among people aged 20-79 years, as forecast by the International Diabetes Federation.
