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The continuous glucose monitoring market size is forecast to increase by USD 2.94 billion, at a CAGR of 6.78% between 2023 and 2028. The market is experiencing significant growth, driven by the rising prevalence of diabetes and the increasing adoption of home healthcare devices. According to the International Diabetes Foundation, approximately 463 million adults were living with diabetes in 2019, and this number is projected to reach 700 million by 2045. CGM devices provide real-time glucose level data, enabling better diabetes management and improved patient outcomes, highlighting the need for diabetes management devices. Additionally, the lower diagnosis and treatment rates for diabetes, particularly in developing countries, create a substantial unmet need for CGM technology. Market trends include the development of miniaturized, wireless, and non-invasive CGM systems, as well as the integration of artificial intelligence and machine learning for data analysis. Despite these opportunities, challenges such as high costs, regulatory requirements, and data security concerns persist, requiring ongoing innovation and collaboration among stakeholders.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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