Continuous Glucose Monitoring is fastest growing segment fueling the growth of Diabetes Monitoring Devices Market
Diabetes monitoring devices are used to check glucose levels in blood and help manage diabetes. These devices include blood glucose meters, testing strips, continuous glucose monitoring systems, and insulin pumps. Continuous glucose monitoring systems offer real-time glucose readings without the need for painful finger pricks. The global Diabetes Monitoring Devices Market is estimated to be valued at US$ 63.67 Bn in 2023 and is expected to exhibit a CAGR of 2.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: One of the key trends in the diabetes monitoring devices market size is the growing preference for continuous glucose monitoring (CGM) systems over finger prick blood glucose meters. CGM systems provide real-time interstitial fluid glucose readings throughout the day and night through a small sensor inserted under the skin. They offer advantages like ease of use, improved accuracy, and alerts use...