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Continuous Glucose Monitoring Systems Market: Sensor Component Segment to Witness Highest Growth; says Future Market InsightsFuture Market Insights (FMI) provides key insights on the global continuous glucose monitoring system (CGM) in its market research report, "Continuous Glucose Monitoring Systems Market: Global Industry Analysis and Opportunity Assessment 2015-2020." According to FMI's analysis, the continuous glucose monitoring systems market, valued at US$ 402 Mn in 2014, is forecasted to reach US$ 788.4 Mn by 2020. Browse Report: http://www.futuremarketinsights.com/reports/continuous-glucose-monitoring-systems-market The key factors driving the continuous glucose monitoring systems market include advancement in CGM technology, increase in prevalence of diabetes, and rising geriatric population. The key trends analysed by FMI in continuous glucose monitoring systems market include development of innovative CGMs, focus on getting U.S. FDA approval, and integration of CGMs with mobile apps and Apple (News - Alert) Watch. FMI has segmented the CGM systems market into household, and hospital and diagnostics entres. The household segment accounted for nearly 68.8% share of the overall market in 2015; FMI estimates this segment to expand at a CAGR of 11.9% during the forecast period 2015-2020. Press Release: http://www.futuremarketinsights.com/press-release/continuous-glucose-monitoring-systems-market The hospitals and diagnostics centres segment is anticipated to expand at 12.5% CAGR during the forecast period and account for 31.8% market share by 2020. On the basis of components, FMI has segmented the continuous glucose monitoring systems market into transmitter and monitor, sensor, and insulin pump. Among the aforementioned segments, sensor component segment is anticipated to expand at the highest CAGR of 13.9%. FMI's analysis on the competitive landscape in the continuous glucose monitoring systems market has revealed that Medtronic has the largest share. Dexcom and Abbott are projected to account for market shares of 31.1% and 16.7% respectively. Request Sample Report: http://www.futuremarketinsights.com/reports/sample/rep-gb-694 North America is the most lucrative region for continuous glucose monitoring market, accounting for a market share of 58.6% in 2015. Western Europe is the other big market, with FMI projecting the CGM systems market to account for 20.9% by 2020. About FMI Future Market Insights is a leading market intelligence and consulting firm delivering syndicated research reports, custom research reports and consulting services. Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS.
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