The Southeast Asia continuous glucose monitoring market size is anticipated to reach USD 492.37 million by 2030 and is projected to grow at a CAGR of 8.26% from 2024 to 2030, according to a new report by Grand View Research, Inc. Key drivers for the global market include complex interplay of technological advancements, regulatory frameworks, consumer awareness, healthcare infrastructure development, economic factors, and demographic trends collectively driving its growth trajectory.
Southeast Asia Continuous Glucose Monitoring Market Report Highlights
- Based on component, the sensors segment led the market with the largest revenue share of 39.9% in 2023. The sensor’s technology generates electrical signals during the glucose-oxidase reaction, enabling the monitoring of glucose levels at specific time intervals
- Based on connectivity, the bluetooth segment led the market with the largest revenue share of 58.3% in 2023. CGM sensors typically incorporate Bluetooth chips that deliver real-time glucose level readings and notifications to smartphones or other devices. Consequently, using Bluetooth connectivity among diabetic patients presents growth opportunities for this segment
- Based on end use, the homecare segment is dominant due to the presence of advanced remote CGM devices and their associated benefits make them user-friendly for glucose monitoring in adults and children
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The market growth is propelled by increasing prevalence of diabetes, heightened awareness and adoption of advanced diabetes management technologies, favorable government initiatives and healthcare policies, and a rising demand for personalized healthcare solutions.
The International Diabetes Federation reported 90 million adults with diabetes in the Southeast Asia Region, a number projected to rise to 152 million by 2045. The Western Pacific Region had 206 million adults with diabetes, a number expected to increase to 260 million. Regular glucose monitoring is crucial for managing insulin doses, hence increasing prevalence of diabetes in this region is most likely to help the market grow.
List of major companies in the Southeast Asia Continuous Glucose Monitoring Market
- Dexcom, Inc.
- Abbott
- Medtronic
- Hoffmann-La Roche Ltd
- Senseonics
- Ascensia Diabetes Care Holdings AG.
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We have segmented the Southeast Asia continuous glucose monitoring market based on product, type, application, end-use, and country.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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