Flash Glucose Monitoring System Market

Global Flash Glucose Monitoring System Market Size, Trends & Analysis - Forecasts to 2026 By Technology (Sensor-based, Non-sensor based), By Type (Implantable, Wearable), By Application (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Home Care Setting), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Company Market Share Analysis & Competitor Analysis

Category Healthcare

Format

This report was recently updated on April 11 2024 with the latest and most recent market numbers

Flash Glucose Monitoring System Market Size

The flash glucose monitoring system market is estimated to be valued at USD 12.65 billion in 2021 and is projected to reach USD 18.16 billion by 2026 at a CAGR of 7.5%. The global flash glucose monitoring market is foreseen to be principally influenced by the expanding prominence of sophisticated medical devices, as well as increased public consciousness of physique and wellbeing. Flash glucose monitoring technology is extremely relevant in circumstances where constant surveillance of glucose levels is the main necessity. During the forecast period, these implementations of flash glucose monitoring are inclined to push the expansion of the global market.

Furthermore, flash glucose monitoring devices are completely waterproof. They can be managed to wear while swimming, running, bathing, exercising, or doing other everyday operations and generate accurate glucose levels at any time. Furthermore, the elevated convergence of flash glucose monitoring with everyday routine is foreseen to accelerate the development of the global flash glucose monitoring market during the forecast period.

Additionally, swift technological progression in the healthcare industry is foreseen to propel the expansion of the flash glucose monitoring market. Furthermore, soaring chronic disease occurrences, combined with an increasing multitude of diabetic patients worldwide, are foreseen to be versatile factors driving the advancement of the global flash glucose monitoring market during the forecast period.

Nevertheless, varied issues correlated with flash glucose monitoring, including overburdened information, are foreseen to stifle the global flash glucose monitoring market's advancement. Furthermore, when worn, flash glucose monitoring devices can cause discomfort. Furthermore, these concerns about flash glucose monitoring devices are prone to stymieing the global flash monitoring market's growth.

The many varieties of flash glucose monitoring systems include capabilities such as wireless communication, NFC, Bluetooth, and a waterproof gadget. Diabetes Mellitus sufferers are always at risk and must have their levels checked regularly. The prevalence rate of individuals over the age of eighteen was 8.5 percent, resulting in 422 million patients globally, which has grown year on year due to an increase in sedentary lifestyles, dietary choices, and lack of physical activity.

Because of the rising incidence of diabetes patients, the worldwide Flash glucose monitoring system market is predicted to rise steadily. Although there is no cure for Type 1 diabetes, insulin treatment can help regulate blood glucose levels. The growing customer demand for flash glucose monitoring systems is beneficial both clinically and economically. The flash glucose monitoring system's technical developments have facilitated the introduction of these devices.

The non-invasive method of such devices is painless, and it is one of the qualities that will lead the flash glucose monitoring system market to develop at an exponential rate. The mobility of these devices might be a selling point for flash glucose monitoring systems. The wearable gadgets are designed to connect the patient with other devices to analyze data collected over time. The data analysis will benefit not only the manufacturers but also the other value chain reliant service providers. The integration of insulin-providing devices connected to flash glucose monitoring system devices will be a driving element in the growth of the flash glucose monitoring system market.

The key causes driving growth are an increase in the senior population and a high prevalence of diabetes in the population. The rise in diabetes patients is predicted to drive continuous glucose monitoring systems market development and prospects, attracting and compelling various industry competitors to produce novel products or product line expansions. The aforementioned reasons are projected to increase the market's overall growth.

global flash glucose monitoring system market

Flash Glucose Monitoring System Market: By Technology

Based on the technology, the market is divided into sensor-based and non-sensor-based. Sensor-based glucometers are expected to be the most lucrative segment in the global market because of periodic FGMS selling, brief discard life, and mass transactions. As a result, it is used in diagnostic centers and clinics. Furthermore, in recent times, there has been a spike in the use of FGMS in hospital ICUs and in-home healthcare services. Users of such products receive real-time glucose responses, spend less time in hypoglycemia, have enhanced median glucose levels, and can assist in selecting the best diabetes management strategy.

Flash Glucose Monitoring System Market: By Type

Based on the product type, the market is divided into implantable and wearable. The wearable is expected to be the most revenue-generating segment in the global market. Wearables enable people to monitor their glucose levels on a continuous basis. At each potency administration time frame, wearable devices produce an exact dose of medication. When the two programs operate together, they deliver swift and error-free results. It is compatible with numerous smartphones and consumer electronic devices, which aids in getting real-time data with a pain-free approach.

Flash Glucose Monitoring System Market: By Application

Based on the type of applications, the market is divided into hospital pharmacies, retail pharmacies, online pharmacies, and home care settings. Retail pharmacies are expected to be the most lucrative segment in the global market as a result of increased patient traffic. They provide excellent service, competitive pricing, and a diverse range of healthcare products. Individual on-the-spot consultations and recommendations can also be provided by local pharmacists. Customers benefit from pharmacists' personalized guidance that is tailored to their specific health demands and conditions.

asia pacific flash glucose monitoring system market

Flash Glucose Monitoring System Market: By Region

North America is expected to dominate due to its well-established medical industry. The rising pervasiveness of obesity, high therapeutic costs, technological breakthroughs, and innovative product releases are also foreseen to accelerate the regional market. Considerations, including an increment in the preponderance of diabetes, and the implementation of enhanced technology systems are driving market development.

Furthermore, rising healthcare expenditures and increased public consciousness regarding diabetes management are boosting the market in this region. The United States has the world's largest consumer base, which contributes to the region's dominance. Furthermore, an increasing proclivity to release innovative products in favor of customers is attributed to propelling the marker's demand.

Due to an increment in the senile populace, which is susceptible to diabetes, Europe is foreseen to acquire a substantial market share during the forecast period. Furthermore, advancements in the area's healthcare industry and the deployment of innovative healthcare product offerings are increasing demand. The growing funding in the medical industry pertains to market expansion in the area.

In the forecast period, Asia Pacific is expected to be a profitable regional market. Enhancements in medical institutions and compensation regulations in emerging economies are crucial considerations driving the regional market growth. Because of its sizable diabetes demographic and swift economic expansion, China led the APAC region. Besides that, an uptick in diabetes preventive care consciousness is boosting market advancement.

The growing geriatric demographic and soaring public awareness about effective diabetes management is driving market advancement over the forecast period. In many emerging markets, such as China and India, government financial support for health care and health coverage is being enhanced and is becoming more ubiquitous.

Flash Glucose Monitoring System Market Share and Competitor Analysis

Medtronic plc, Johnson and Johnson Services, Abbott Laboratories, ForaCare, Arkay, Inc., Bayer Healthcare AG, F. Hoffmann-La Roche Ltd., Goldsite Diagnostics Inc., GlySure Ltd., Sphere Medical Holding plc., Omron Healthcare, Dexcom, Inc., Bigfoot Biomedical, and LifeScan, Inc., among others, are the key players in the market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview And Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Flash Glucose Monitoring System Industry Overview, 2019-2026

2.1.1 Industry Overview

2.1.2 Technology Overview

2.1.3 Type Overview

2.1.4 Application Overview

2.1.5 Regional Overview

Chapter 3 Flash Glucose Monitoring System Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2019-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Expanding Prominence Of Sophisticated Medical Devices

3.3.1.2 Significant Advancement In The Healthcare Sector

3.3.2 Industry Challenges

3.3.2.1 Overburdened Information and Wearing Discomfort

3.4 Prospective Growth Scenario

3.4.1 Technology Growth Scenario

3.4.2 Type Growth Scenario

3.4.3 Application Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Technology Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Flash Glucose Monitoring System Market, By Technology

4.1 Technology Outlook

4.2 Sensor-based

4.2.1 Market Size, By Region, 2019-2026 (USD Billion)

4.3 Non-sensor based

4.3.1 Market Size, By Region, 2019-2026 (USD Billion)

Chapter 5 Flash Glucose Monitoring System Market, By Type

5.1 Type Outlook

5.2 Implantable

5.2.1 Market Size, By Region, 2019-2026 (USD Billion)

5.3 Wearable

5.3.1 Market Size, By Region, 2019-2026 (USD Billion)

Chapter 6 Flash Glucose Monitoring System Market, By Application

6.1 Application Outlook

6.2 Hospital Pharmacies

6.2.1 Market Size, By Region, 2019-2026 (USD Billion)

6.3 Retail Pharmacies

6.3.1 Market Size, By Region, 2019-2026 (USD Billion)

6.4 Online Pharmacies

6.4.1 Market Size, By Region, 2019-2026 (USD Billion)

6.5 Home Care Setting

6.5.1 Market Size, By Region, 2019-2026 (USD Billion)

Chapter 7 Global Depth Filtration Market, By Region

7.1 Regional outlook

7.2 North America

7.2.1 Market Size, By Country 2019-2026 (USD Billion)

7.2.2 Market Size, By Technology, 2019-2026 (USD Billion)

7.2.3 Market Size, By Type, 2019-2026 (USD Billion)

7.2.4 Market Size, By Application, 2019-2026 (USD Billion)

7.2.5 U.S.

7.2.5.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.2.5.2 Market Size, By Type, 2019-2026 (USD Billion)

7.2.5.3 Market Size, By Application, 2019-2026 (USD Billion)

7.2.6 Canada

7.2.6.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.2.6.2 Market Size, By Type, 2019-2026 (USD Billion)

7.2.6.3 Market Size, By Application, 2019-2026 (USD Billion)

7.3 Europe

7.3.1 Market Size, By Country 2019-2026 (USD Billion)

7.3.2 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.3 Market Size, By Type 2019-2026 (USD Billion)

7.3.4 Market Size, By Application, 2019-2026 (USD Billion)

7.3.5 Germany

7.3.5.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.5.2 Market Size, By Type, 2019-2026 (USD Billion)

7.3.5.3 Market Size, By Application, 2019-2026 (USD Billion)

7.3.6 UK

7.3.6.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.6.2 Market Size, By Type, 2019-2026 (USD Billion)

7.3.6.3 Market Size, By Application, 2019-2026 (USD Billion)

7.3.7 France

7.3.7.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.7.2 Market Size, By Type, 2019-2026 (USD Billion)

7.3.7.3 Market Size, By Application, 2019-2026 (USD Billion)

7.3.8 Italy

7.3.8.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.8.2 Market Size, By Type, 2019-2026 (USD Billion)

7.3.8.3 Market Size, By Application, 2019-2026 (USD Billion)

7.3.9 Spain

7.3.9.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.9.2 Market Size, By Type, 2019-2026 (USD Billion)

7.3.9.3 Market Size, By Application, 2019-2026 (USD Billion)

7.3.10 Russia

7.3.10.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.3.10.2 Market Size, By Type, 2019-2026 (USD Billion)

7.3.10.3 Market Size, By Application, 2019-2026 (USD Billion)

7.4 Asia Pacific

7.4.1 Market Size, By Country,2019-2026 (USD Billion)

7.4.2 Market Size, By Technology, 2019-2026 (USD Billion)

7.4.3 Market Size, By Type, 2019-2026 (USD Billion)

7.4.4 Market Size, By Application, 2019-2026 (USD Billion)

7.4.5 China

7.4.5.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.4.5.2 Market Size, By Type, 2019-2026 (USD Billion)

7.4.5.3 Market Size, By Application, 2019-2026 (USD Billion)

7.4.6 India

7.4.6.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.4.6.2 Market Size, By Type, 2019-2026 (USD Billion)

7.4.6.3 Market Size, By Application, 2019-2026 (USD Billion)

7.4.7 Japan

7.4.7.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.4.7.2 Market Size, By Type, 2019-2026 (USD Billion)

7.4.7.3 Market Size, By Application, 2019-2026 (USD Billion)

7.4.8 Australia

7.4.8.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.4.8.2 Market size, By Type, 2019-2026 (USD Billion)

7.4.8.3 Market Size, By Application, 2019-2026 (USD Billion)

7.4.9 South Korea

7.4.9.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.4.9.2 Market Size, By Type, 2019-2026 (USD Billion)

7.4.9.3 Market Size, By Application, 2019-2026 (USD Billion)

7.6.5 Latin America

7.5.1 Market Size, By Country 2019-2026 (USD Billion)

7.5.2 Market Size, By Technology, 2019-2026 (USD Billion)

7.5.3 Market Size, By Type, 2019-2026 (USD Billion)

7.5.4 Market Size, By Application, 2019-2026 (USD Billion)

7.5.5 Brazil

7.5.5.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.5.5.2 Market Size, By Type, 2019-2026 (USD Billion)

7.5.5.3 Market Size, By Application, 2019-2026 (USD Billion)

7.5.6 Mexico

7.5.6.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.5.6.2 Market Size, By Type, 2019-2026 (USD Billion)

7.5.6.3 Market Size, By Application, 2019-2026 (USD Billion)

7.5.7 Argentina

7.5.7.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.5.7.2 Market Size, By Type, 2019-2026 (USD Billion)

7.5.7.3 Market Size, By Application, 2019-2026 (USD Billion)

7.6 MEA

7.6.1 Market Size, By Country 2019-2026 (USD Billion)

7.6.2 Market Size, By Technology, 2019-2026 (USD Billion)

7.6.3 Market Size, By Type, 2019-2026 (USD Billion)

7.6.4 Market Size, By Application, 2019-2026 (USD Billion)

7.6.5 Saudi Arabia

7.6.5.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.6.5.2 Market Size, By Type, 2019-2026 (USD Billion)

7.6.5.3 Market Size, By Application, 2019-2026 (USD Billion)

7.6.6 UAE

7.6.6.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.6.6.2 Market Size, By Type, 2019-2026 (USD Billion)

7.6.6.3 Market Size, By Application, 2019-2026 (USD Billion)

7.6.7 South Africa

7.6.7.1 Market Size, By Technology, 2019-2026 (USD Billion)

7.6.7.2 Market Size, By Type, 2019-2026 (USD Billion)

7.6.7.3 Market Size, By Application, 2019-2026 (USD Billion)

Chapter 8 Company Landscape

8.1 Competitive Analysis, 2020

8.2 Medtronic plc

8.2.1 Company Overview

8.2.2 Financial Analysis

8.2.3 Strategic Positioning

8.2.4 Info Graphic Analysis

8.3 Johnson and Johnson Services

8.3.1 Company Overview

8.3.2 Financial Analysis

8.3.3 Strategic Positioning

8.3.4 Info Graphic Analysis

8.4 Abbott Laboratories

8.4.1 Company Overview

8.4.2 Financial Analysis

8.4.3 Strategic Positioning

8.4.4 Info Graphic Analysis

8.5 ForaCare

8.5.1 Company Overview

8.5.2 Financial Analysis

8.5.3 Strategic Positioning

8.5.4 Info Graphic Analysis

8.6 Arkay, Inc.

8.6.1 Company Overview

8.6.2 Financial Analysis

8.6.3 Strategic Positioning

8.6.4 Info Graphic Analysis

8.7 Bayer Healthcare AG

8.7.1 Company Overview

8.7.2 Financial Analysis

8.7.3 Strategic Positioning

8.7.4 Info Graphic Analysis

8.8 F. Hoffmann-La Roche Ltd.

8.8.1 Company Overview

8.8.2 Financial Analysis

8.8.3 Strategic Positioning

8.8.4 Info Graphic Analysis

8.9 Goldsite Diagnostics Inc.

8.9.1 Company Overview

8.9.2 Financial Analysis

8.9.3 Strategic Positioning

8.9.4 Info Graphic Analysis

8.10 GlySure Ltd.

8.10.1 Company Overview

8.10.2 Financial Analysis

8.10.3 Strategic Positioning

8.10.4 Info Graphic Analysis

8.11 Sphere Medical Holding plc

8.11.1 Company Overview

8.11.2 Financial Analysis

8.11.3 Strategic Positioning

8.11.4 Info Graphic Analysis

8.12 Omron Healthcare

8.12.1 Company Overview

8.12.2 Financial Analysis

8.12.3 Strategic Positioning

8.12.4 Info Graphic Analysis

8.13 Dexcom, Inc.

8.13.1 Company Overview

8.13.2 Financial Analysis

8.13.3 Strategic Positioning

8.13.4 Info Graphic Analysis

8.14 Bigfoot Biomedical

8.14.1 Company Overview

8.14.2 Financial Analysis

8.14.3 Strategic Positioning

8.14.4 Info Graphic Analysis

8.15 LifeScan, Inc.

8.15.1 Company Overview

8.15.2 Financial Analysis

8.15.3 Strategic Positioning

8.15.4 Info Graphic Analysis

8.16 Other Companies

8.16.1 Company Overview

8.16.2 Financial Analysis

8.16.3 Strategic Positioning

8.16.4 Info Graphic Analysis

The Global Flash Glucose Monitoring System Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Flash Glucose Monitoring System Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global flash glucose monitoring system market?

The global flash glucose monitoring system market size is projected to grow from USD 12.65 billion in 2021 to USD 18.16 billion by 2026, at a CAGR of 7.5% during the forecast period.

Who are the major vendors in the flash glucose monitoring system market?

Key and innovative vendors in the flash glucose monitoring system market include Medtronic plc, Johnson and Johnson Services, Abbott Laboratories, ForaCare, Arkay, Inc., Bayer Healthcare AG, F. Hoffmann-La Roche Ltd., Goldsite Diagnostics Inc., GlySure Ltd., Sphere Medical Holding plc., Omron Healthcare, Dexcom, Inc., Bigfoot Biomedical, and LifeScan, Inc.

Which region has the highest market share in the flash glucose monitoring system market?

North America is estimated to hold the highest market share in the flash glucose monitoring system market.

What is the Covid-19 impact on future flash glucose monitoring system manufacturers?

Globally, Covid-19 impact on the future flash glucose monitoring system market will be quite significant for the manufacturers. North America would be leading because of the rapid deployment of innovative healthcare product offerings. Subsequently, the Asia Pacific region is expected to grow the fastest because of the rising enhancements in medical institutions and compensation regulations in emerging economies.

What are the major drivers in the flash glucose monitoring system market?

The major driving factors for the flash glucose monitoring system market include the expanding prominence of sophisticated medical devices; soaring public consciousness of physique and wellbeing; swift technological progression in the healthcare industry; an increasing multitude of diabetic patients.