The global glucose sensor market size accounted for USD 8,952 million in 2024 and is expected to exceed around USD 20,617 million by 2034, growing at a CAGR of 8.7% from 2024 to 2034.
Glucose sensor market is fueling due to various reasons like increasing prevalence of diabetes, technological advancement in glucose sensor technology along with growing health awareness among people across the globe. The international diabetes federation projects a 20% rise in the number of adults diagnosed with diabetes in the year 2032. This growing prevalence need to manage and sense glucose level in the body further fuels the markets growth. Innovations such as non-invasive glucose monitoring systems are becoming more prominent. Such technological improvements enhance accuracy, convenience and overall effectiveness making the glucose sensor device more demanding in the global market.
However, navigating the complex regulatory and reimbursement landscape is major Challange for the glucose sensor market. Obtaining regulatory approvals and securing favorable reimbursement policies can be both time consuming and costly, creating hurdles for markets expansion.
Although, increasing health awareness and education about diabetes management are also contributing to the growth of the glucose sensor market. Also, public awareness campaigns and educational programs are helping to inform people about the importance of regular glucose monitoring and effective diabetes management, further creating lucrative opportunities for markets growth.
Published by Sanket Gokhale
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| Stats ID: | 7301 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7301 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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