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Table of Contents
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About This Report
Table of Contents
SCOPE OF THE REPORT
Frequently Asked Questions
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India CGM Market Size
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Study Period
2018 - 2029
Base Year For Estimation
2023
Forecast Data Period
2024 - 2029
Market Size (2024)
USD 185.40 Million
Market Size (2029)
USD 325.72 Million
CAGR (2024 - 2029)
11.93 %
Market Concentration
High
Major Players
*Disclaimer: Major Players sorted in no particular order
Compare market size and growth of
India Continuous Glucose Monitoring (CGM) Market with other markets in Healthcare Industry
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Interact With Data Points To Access Key Markets In The
Healthcare Industry
India CGM Market Analysis
The India Continuous Glucose Monitoring Market size is estimated at USD 185.40 million in 2024, and is expected to reach USD 325.72 million by 2029, growing at a CAGR of 11.93% during the forecast period (2024-2029).
India is currently witnessing a notable increase in its diabetes prevalence, as the nation grapples with a rising epidemic of both type 1 and type 2 diabetes. Recent data underscores the magnitude of this issue, as India is home to one of the largest diabetic populations globally. According to the International Diabetes Federation (IDF), India is projected to have 101.2 million diabetes cases by 2030.
Continuous Glucose Monitoring is a new technology glucose monitoring device, which tracks blood glucose levels day and night. Sensor: Sensors are disposable devices placed under the skin, which measure blood glucose levels. A sensor can be used for several days before it needs to be replaced. Durables consist of transmitters and receivers. Transmitters are connected to the sensor and a reader (receiver) receives and displays the measurements. The device provides real-time measurements.
The factors that have driven the number of reported cases of diabetes can be segmented into individual-level risk factors, environmental risk factors, the evolution of the disease, detection effects, and global changes.
India CGM Market Trends
Sensors is having the highest market share in current year.
The sensors segment is expected to increase with a CAGR of over 17% during the forecast period, mainly due to the demand from the Type-1 diabetes population, which was more than 60 million by the forecast period.
The sensor device is a tiny electrode that measures glucose levels in diabetes patients. The sensors continuously measure the glucose levels in the body through a small filament that is inserted under the skin and records the glucose levels. Within 5 seconds, the users can download the data stored in the sensors. In India's continuous glucose monitoring devices market, the Free Style Libre Pro sensor (14 days working), Dexcom's G4 sensor (10 days working), Medtronic's Guardian sensor (7 days working), and the fluorescence sensor are considered.
In India, Dexcom is still selling its Dexcom G4 Platinum CGM system, whereas it is selling its Dexcom G5 and G6 CGM technologies in other countries. Dexcom planned to launch its cheaper, smaller sensors developed in partnership with Verily Life Science divisions. With the advent of low-cost CGM in the coming years and the support from the government on subsidies for diabetes monitoring devices, manufacturers of CGM devices can penetrate the high-potential market of India.
Understand The Key Trends Shaping This Market
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India recorded the second-highest diabetes population in Asia-Pacific in current year
Various factors contribute to the escalating diabetes rates in India. Rapid urbanization, sedentary lifestyles, poor dietary choices, and genetic predispositions are key drivers of this epidemic. Moreover, issues like obesity, high rates of gestational diabetes, and limited healthcare access in certain areas further compound the problem.
Type 2 diabetes represents the majority of diabetes cases in India, with estimates indicating that over 90% of individuals with diabetes have this type. Lifestyle factors such as obesity, lack of physical activity, and unhealthy eating habits are closely linked to type 2 diabetes, and are increasingly prevalent among both urban and rural populations in India.
The growing diabetes burden in India presents significant challenges for the healthcare system and economy. Diabetes is associated with a heightened risk of cardiovascular disease, stroke, kidney disease, and other complications, placing a substantial strain on healthcare resources and escalating costs. Tackling the diabetes epidemic necessitates comprehensive public health strategies that emphasize prevention, early detection, lifestyle changes, and equitable access to quality healthcare services for all segments of the population.
Hence, the demand for continuous glucose monitoring devices is on the rise, and their adoption rate is also increasing. These factors are expected to drive the market studied.
India CGM Industry Overview
India's continuous glucose monitoring market is highly consolidated. Manufacturers have driven constant innovation to compete in the market. The major players, such as Abbott and Medtronic, have undergone many mergers, acquisitions, and partnerships to establish market dominance.
India CGM Market Leaders
Abbott Diabetes Care Inc.
Dexcom Inc.
Medtronic PLC
Eversense
Ascensia
*Disclaimer: Major Players sorted in no particular order
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India CGM Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 Continuous Glucose Monitoring
5.1.1 Sensors
5.1.2 Durables (Receivers and Transmitters)
6. Market Indicators
6.1 Type-1 Diabetes Population
6.2 Type-2 Diabetes Population
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Abbott Diabetes Care Inc.
7.1.2 Dexcom Inc.
7.1.3 Medtronic PLC
7.1.4 Ascensia
*List Not Exhaustive 7.2 Company Share Analysis
7.2.1 Abbott Diabetes Care Inc.
7.2.2 Dexcom Inc.
7.2.3 Medtronic PLC
7.2.4 Other Company Share Analyses
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
India CGM Industry Segmentation
Continuous glucose monitoring devices use glucose oxidase to measure blood sugar levels. In the sensor, platinum combines with glucose oxidase to produce hydrogen peroxidase, which then produces an electrical signal that is sent to the transmitter. India's continuous glucose monitoring market is segmented by component. The report offers the value (in USD) and volume (in units) for the above segments.
Continuous Glucose Monitoring Sensors Durables (Receivers and Transmitters)
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India CGM Market Research FAQs
How big is the India Continuous Glucose Monitoring Market?
The India Continuous Glucose Monitoring Market size is expected to reach USD 185.40 million in 2024 and grow at a CAGR of 11.93% to reach USD 325.72 million by 2029.
What is the current India Continuous Glucose Monitoring Market size?
In 2024, the India Continuous Glucose Monitoring Market size is expected to reach USD 185.40 million.
Who are the key players in India Continuous Glucose Monitoring Market?
Abbott Diabetes Care Inc., Dexcom Inc., Medtronic PLC, Eversense and Ascensia are the major companies operating in the India Continuous Glucose Monitoring Market.
What years does this India Continuous Glucose Monitoring Market cover, and what was the market size in 2023?
In 2023, the India Continuous Glucose Monitoring Market size was estimated at USD 163.28 million. The report covers the India Continuous Glucose Monitoring Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Continuous Glucose Monitoring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
CGM in India Industry Report
Statistics for the 2024 CGM in India market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. CGM in India analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
CGM in India Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)
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