Market Size of Brazil Continuous Glucose Monitoring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 270.97 Million |
| Market Size (2029) | USD 506.00 Million |
| CAGR (2024 - 2029) | 13.30 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Continuous Glucose Monitoring Market Analysis
The Brazil Continuous Glucose Monitoring Market size is estimated at USD 270.97 million in 2024, and is expected to reach USD 506 million by 2029, growing at a CAGR of 13.30% during the forecast period (2024-2029).
People with chronic diseases such as diabetes mellitus and obesity had a worse prognosis of COVID-19. The Brazilian federal, state, and municipal authorities broadened the measures to reach more people to quickly improve the response and prevent a surge of individuals with diabetes infected by SARS-CoV-2 and acute and chronic diabetes complications.
Diabetic people were twice as likely to have their comorbid conditions worsened and consequently to die. The prevalence of diabetes in people hospitalized with COVID-19 infection and the recognition that improved glycemic control might improve outcomes and reduce the length of stay in patients with COVID-19 underlined the importance of diabetes devices such as continuous glucose monitoring devices.
Continuous glucose monitoring observes patterns in the fluctuation of blood glucose levels that occur in response to diet, exercise, medications, and or pathological processes associated with blood glucose fluctuations, such as diabetes. Unusually high or low blood glucose levels can potentially lead to acute and or chronic, life-threatening conditions. Managing diabetes to improve patient outcomes requires a complex multidisciplinary approach. Appropriate and timely monitoring of blood glucose allows the successful management of out-of-range blood glucose levels, minimizing diabetic-related health complications.
Brazil has implemented a set of reforms to improve the distribution of doctors, develop new forms of service organization, introduce new financing models, and implement a range of quality improvement initiatives and policy frameworks to overcome risk factors such as obesity. The Federal Government of Brazil partnered with numerous private companies to utilize their supply chain primarily to ensure low prices for devices, which is likely to drive market growth during the forecast period.
Brazil Continuous Glucose Monitoring Industry Segmentation
Achieving optimum glycemic results can be very difficult without frequent monitoring of blood glucose levels. A continuous glucose monitor tracks blood sugar levels 24 hours a day. It collects readings automatically every five to 15 minutes and detects trends and patterns to provide a complete picture of diabetes. The Brazil continuous glucose monitoring market is segmented into components (sensors and durables (receivers and transmitters)). The report offers the value (in USD) and volume (in Units) for the above segments.
| Component | |
| Sensors | |
| Durables |
Brazil Continuous Glucose Monitoring Market Size Summary
The Brazil continuous glucose monitoring market is poised for significant growth, driven by the increasing prevalence of diabetes and the need for effective management solutions. The market is characterized by the adoption of continuous glucose monitoring devices, which play a crucial role in managing blood glucose levels and preventing complications associated with diabetes. The Brazilian government's efforts to enhance healthcare infrastructure, coupled with partnerships with private companies, are expected to facilitate the widespread availability of these devices, thereby supporting market expansion. The focus on improving glycemic control, especially in the context of chronic diseases exacerbated by COVID-19, underscores the importance of continuous monitoring technologies in enhancing patient outcomes.
The market landscape is marked by innovation and technological advancements, with key players like Abbott, Dexcom, and Medtronic leading the charge in research and development. The sensors segment, in particular, is anticipated to experience robust growth, driven by the demand for more efficient and user-friendly monitoring solutions. The integration of continuous glucose monitoring systems with insulin pumps is expected to further boost market demand, especially among type-1 diabetic patients who require constant monitoring. As the market evolves, the development of non-invasive and minimally invasive technologies, such as those explored by Molex and GlucoModicum, highlights the ongoing efforts to improve the accessibility and affordability of continuous glucose monitoring devices in Brazil.
Brazil Continuous Glucose Monitoring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Component
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2.1.1 Sensors
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2.1.2 Durables
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Brazil Continuous Glucose Monitoring Market Size FAQs
How big is the Brazil Continuous Glucose Monitoring Market?
The Brazil Continuous Glucose Monitoring Market size is expected to reach USD 270.97 million in 2024 and grow at a CAGR of 13.30% to reach USD 506.00 million by 2029.
What is the current Brazil Continuous Glucose Monitoring Market size?
In 2024, the Brazil Continuous Glucose Monitoring Market size is expected to reach USD 270.97 million.
