Global BGM and CGM
Market Report
2025
The global BGM and CGM market size will be USD 22514.5 million in 2024. Rising awareness about plastic pollution and environmental sustainability is expected to boost sales to USD 69618.9346 million by 2031, with a Compound Annual Growth Rate (CAGR) of 17.50% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global BGM and CGM market size will be USD 22514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.50% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.5% |
North America BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 15.7% |
United States BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 15.5% |
Canada BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.5% |
Mexico BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.2% |
Europe BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16% |
United Kingdom BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.8% |
France BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 15.2% |
Germany BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.2% |
Italy BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 15.4% |
Russia BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 15% |
Spain BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 15.1% |
Rest of Europe BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 14.7% |
Asia Pacific BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 19.5% |
China BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 19% |
Japan BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 18% |
India BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 21.3% |
South Korea BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 18.6% |
Australia BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 19.2% |
Rest of APAC BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 19.3% |
South America BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.9% |
Brazil BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.5% |
Argentina BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.8% |
Colombia BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.7% |
Peru BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.1% |
Chile BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.2% |
Rest of South America BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16% |
Middle East BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.2% |
Egypt BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 17.5% |
Turkey BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.7% |
Rest of Middle East BGM and CGM Market Sales Revenue | 121212 | 121212 | 121212 | 16.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product Type |
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Market Split by Application |
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Market Split by End-User |
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Market Split by Sales Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Report scope is customizable as we have a huge database of BGM and CGM industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
BGM and CGM Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Blood Glucose Monitoring (BGM) and Continuous Glucose Monitoring (CGM) markets are essential components of diabetes management, offering real-time glucose tracking and long-term health benefits. BGM devices provide periodic glucose readings, while CGM systems continuously monitor glucose levels, alerting users of highs and lows. Driven by the rising prevalence of diabetes, technological advancements, and increasing health awareness, these markets are expanding rapidly. CGM systems, in particular, are seeing growth due to their convenience and improved accuracy. Key players are focusing on innovation to enhance device connectivity, patient comfort, and data integration, further boosting the market's potential.
In March 2023, The U.S. FDA approved Abbott's integration of its FreeStyle Libre 3 and FreeStyle Libre 2 sensors for automated insulin administration (AID) systems with continuous glucose monitoring (iCGM) systems. In the United States, both the FreeStyle Libre 3 and FreeStyle Libre 2 sensors are presently available and approved for usage in people four years of age and up. (Source: https://abbott.mediaroom.com/2023-03-06-U-S-FDA-Clears-Abbotts-FreeStyle-Libre-R-2-and-FreeStyle-Libre-R-3-Sensors-for-Integration-with-Automated-Insulin-Delivery-Systems)
The global rise in diabetes cases significantly drives monitoring and management solutions demand. With diabetes rates on the rise globally, there is a growing need for monitoring devices, especially in regions where lifestyle and dietary changes have led to a surge in type 2 diabetes. Advanced monitoring devices, particularly CGMs, can be expensive, limiting access in low-income populations and countries with insufficient healthcare funding. Overall, the increasing prevalence of diabetes, coupled with technological advancements and rising health awareness, are strong market drivers. However, affordability and access issues continue to restrain more widespread adoption, particularly in underfunded healthcare settings.
Enhancing accuracy and convenience are fueling increased adoption of devices. Improved precision in measurements, diagnostics, and performance strengthens user confidence and reliability, particularly in fields like healthcare, consumer tech, and industrial applications. Streamlined usability and advanced, user-friendly interfaces make devices more accessible, enhancing appeal across diverse demographics. Together, these factors reduce learning curves, speed adoption, and elevate device value, making accurate, convenient technology a preferred choice for both professionals and everyday users.
The key market restraints limiting accessibility for a broader consumer base often include high costs, making products less affordable for a wide range of consumers. Additionally, limited awareness and distribution challenges hinder market reach, especially in rural or underserved areas. Regulatory complexities and strict compliance requirements can also slow down product availability. Lastly, technical limitations in product design or infrastructure can restrict usability, especially for consumers in regions lacking advanced digital resources or connectivity.
The COVID-19 pandemic significantly boosted the Blood Glucose Monitoring (BGM) and Continuous Glucose Monitoring (CGM) markets as healthcare systems emphasized remote patient monitoring. Demand surged due to increased diabetes complications among COVID-19 patients, driving the adoption of CGM devices to minimize hospital visits and enhance glucose management. However, supply chain disruptions briefly affected device availability. Overall, the pandemic accelerated digital health trends, fostering wider acceptance and integration of CGM and BGM technologies into chronic disease management.
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The medical devices and consumables market is highly competitive, with key players expanding their portfolios and market reach through various strategic initiatives, including, New product launches in diagnostics, therapeutics, and AI-powered healthcare solutions,Mergers and acquisitions to enhance portfolios and broaden global presence,Strategic partnerships and collaborations to advance technology and improve healthcare accessibility,Regulatory approvals and certifications for next-generation medical technologies.
Financial performance metrics include:Revenue (USD Million), Gross Margin (%), and Market Share (%) from 2019 to 2023.SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats) for key players. The report also examines how companies adapted to COVID-19 challenges, including supply chain adjustments, production shifts, and increased investments in digital healthcare solutions.
Top Companies Market Share in BGM and CGM Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America currently dominates the BGM and CGMs market, and the region is expected to have significant growth during the projected period. This is due to advanced healthcare infrastructure, the high prevalence of diabetes, and the strong adoption of innovative monitoring technologies. The region's focus on diabetes management drives significant investment and development in these technologies.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). This growth is driven by rising diabetes prevalence, increasing health awareness, and advancements in glucose monitoring technology, fostering greater accessibility and adoption.
The current report Scope analyzes BGM and CGM Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the global BGM and CGM market size was estimated at USD 22514.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
According to Cognitive Market Research, the global BGM and CGM market size was estimated at USD 22514.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6754.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.0% from 2024 to 2031.
According to Cognitive Market Research, the global BGM and CGM market size was estimated at USD 22514.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5178.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.5% from 2024 to 2031.
According to Cognitive Market Research, the global BGM and CGM market size was estimated at USD 22514.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.
According to Cognitive Market Research, the global BGM and CGM market size was estimated at USD 22514.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 450.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031..
Global BGM and CGM Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing BGM and CGM Industry growth. BGM and CGM market has been segmented with the help of its Product Type, Application End-User, and others. BGM and CGM market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
This report categorizes competitors in the (Keyword) market based on their product offerings and business models. It includes key details such as definitions, benefits, applications, technological advancements, and regional advantages for each type of medical device. Market growth figures, such as market share percentages, revenue, and growth rates (e.g., CAGR), are provided for each segment over the specified period.
Product Type of BGM and CGM analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of BGM and CGM Industry. Request a Free Sample PDF!
This report analyzes revenue growth in the {Keyword} market across global, regional, and national levels, highlighting trends and opportunities for each application. It examines how sectors like diagnostics, therapy, and monitoring utilize devices to meet healthcare needs. Key factors include market size, revenue contributions, technological innovations (e.g., AI diagnostics), and regulatory considerations. The report also covers the value chain, identifying key players and processes within the industry. (For more information, please request a sample or contact our research team)
Some of the key Application of BGM and CGM are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global BGM and CGM Market is witnessing significant growth in the near future.
In 2023, the Blood Glucose Monitoring (BGM) segment accounted for noticeable share of global BGM and CGM Market and is projected to experience significant growth in the near future.
The Type 1 Diabetes segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Abbott Laboratories , Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Blood Glucose Monitoring (BGM), Continuous Glucose Monitoring (CGM) |
Application | Type 1 Diabetes, Type 2 Diabetes, Others |
End-User | Hospitals, Homecare Settings, Diagnostic Centers, Others |
Sales Channel | Online, Offline |
List of Competitors | Abbott Laboratories, Dexcom, Inc., Medtronic plc, Roche Diabetes Care, Ascensia Diabetes Care, Senseonics Holdings, Inc., A. Menarini Diagnostics S.r.l., Others |
This chapter will help you gain GLOBAL Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review Global BGM and CGM Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review North America BGM and CGM Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review Europe BGM and CGM Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review Asia Pacific BGM and CGM Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review South America BGM and CGM Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review Middle East BGM and CGM Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of BGM and CGM. Further deep in this chapter, you will be able to review Middle East BGM and CGM Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of BGM and CGM. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by End-User Analysis 2021 - 2033
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Chapter 13 Market Split by Sales Channel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global BGM and CGM market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Blood Glucose Monitoring (BGM) have a significant impact on BGM and CGM market? |
What are the key factors affecting the Blood Glucose Monitoring (BGM) and Continuous Glucose Monitoring (CGM) of BGM and CGM Market? |
What is the CAGR/Growth Rate of Type 1 Diabetes during the forecast period? |
By type, which segment accounted for largest share of the global BGM and CGM Market? |
Which region is expected to dominate the global BGM and CGM Market within the forecast period? |
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