Market Size of India Continuous Glucose Monitoring (CGM) Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| 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 |
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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 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) |
India Continuous Glucose Monitoring (CGM) Market Size Summary
The continuous glucose monitoring (CGM) market in India is poised for significant growth, driven by the increasing prevalence of diabetes in the country. As one of the largest diabetic populations globally, India faces a rising epidemic of both type 1 and type 2 diabetes, necessitating advanced monitoring solutions. CGM technology, which provides real-time blood glucose level tracking through disposable sensors placed under the skin, is gaining traction. This market is characterized by rapid urbanization, sedentary lifestyles, and poor dietary choices, which are contributing to the escalating diabetes rates. The demand for CGM devices is further bolstered by government support and the introduction of cost-effective solutions, making it a high-potential market for manufacturers.
The market landscape is highly consolidated, with major players like Abbott, Medtronic, and Dexcom leading through constant innovation and strategic partnerships. The sensors segment, in particular, is expected to see substantial growth due to the demand from the type 1 diabetes population. Recent developments, such as Dexcom's integration with Dario Health Corp's platform and the launch of non-invasive glucometers by startups like BlueSemi, highlight the ongoing advancements in CGM technology. These innovations aim to enhance the user experience and improve health outcomes for diabetes patients in India, addressing the significant challenges posed by the disease on the healthcare system and economy.
India Continuous Glucose Monitoring (CGM) 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 Dynamics
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1.2.1 Market Drivers
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1.2.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products and Services
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1.3.5 Intensity of Competitive Rivalry
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2. Market Segmentation
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2.1 Continuous Glucose Monitoring
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2.1.1 Sensors
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2.1.2 Durables (Receivers and Transmitters)
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India Continuous Glucose Monitoring (CGM) Market Size 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.
