Market Trends of India Continuous Glucose Monitoring (CGM) Industry
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.
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.
