Market Size of Germany Continuous Glucose Monitoring Industry
Study Period | 2019- 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 447.77 Million |
Market Size (2029) | USD 693.75 Million |
CAGR (2024 - 2029) | 9.15 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Germany Continuous Glucose Monitoring Market Analysis
The Germany Continuous Glucose Monitoring Market size is estimated at USD 447.77 million in 2024, and is expected to reach USD 693.75 million by 2029, growing at a CAGR of 9.15% during the forecast period (2024-2029).
One of the most significant risk factors for a severe course of COVID-19 was diabetes mellitus. This risk was believed to be influenced by several variables that were frequently present in diabetes mellitus, such as advanced age, hyperglycemia, and underlying conditions like hypertension, cardiovascular disease, chronic kidney disease, and obesity. Diabetes was quickly recognized as a risk factor for bad results during the COVID-19 pandemic, which is why managing or delaying diabetes became more important.
Following a COVID-19 infection, various studies suggested that reduced numbers of insulin secretory granules in beta cells and impaired glucose-stimulated insulin secretion were observed in the affected patients. In addition, post the pandemic, some patients developed insulin resistance and had elevated blood glucose levels, although they had no previous history of diabetes.
Blood 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.
Diabetes is associated with many health complications. Comparing the population with and without diabetes, those with diabetes have an increased risk of being hospitalized and, thus, incur more healthcare expenses compared to non-diabetic people. People with diabetes face a higher chance of experiencing serious complications. Germany is one of the developed countries with advanced healthcare facilities. Technologies, such as continuous glucose monitoring, are getting more rapidly adopted in Germany than in other developing countries. Moreover, the reimbursement policy and the pricing policy are highly regulated, which drives the market and increases the adoption rate of new and advanced technologies.
Germany Continuous Glucose Monitoring Industry Segmentation
Continuous glucose monitoring devices are used to diagnose both hyperglycemic and hypoglycemic conditions in diabetic patients throughout the day. The German continuous glucose monitoring market is segmented into components (sensors and durables). The report offers the value (in USD) and volume (in Units) for the above segments.
Component | |
Sensors | |
Durables |
Germany Continuous Glucose Monitoring Market Size Summary
The Germany Continuous Glucose Monitoring (CGM) 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 rapid adoption of advanced technologies, such as CGM systems, which are becoming more prevalent due to Germany's developed healthcare infrastructure and regulatory environment. The integration of digital health technologies and real-time data management is enhancing diabetes care, allowing for personalized treatment plans and improved patient outcomes. The market is further bolstered by the country's comprehensive health insurance system, which supports the widespread use of these technologies.
The CGM market in Germany is witnessing innovations in sensor technology, with a focus on improving accuracy and user-friendliness. Companies like Abbott, Dexcom, and Medtronic are leading the charge with new product launches and advancements in sensor capabilities. The development of alternative sensing technologies, such as optical measurement, is also contributing to market expansion. As CGM devices become more affordable and integrated with other diabetes management tools, their adoption is expected to rise, offering significant growth prospects for the market in the coming years.
Germany 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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Germany Continuous Glucose Monitoring Market Size FAQs
How big is the Germany Continuous Glucose Monitoring Market?
The Germany Continuous Glucose Monitoring Market size is expected to reach USD 447.77 million in 2024 and grow at a CAGR of 9.15% to reach USD 693.75 million by 2029.
What is the current Germany Continuous Glucose Monitoring Market size?
In 2024, the Germany Continuous Glucose Monitoring Market size is expected to reach USD 447.77 million.