The Global Flash Glucose Monitoring Market Size is valued at USD 12,905 million in 2021 and is estimated to achieve a market size of USD 24,765 million by 2030; growing at a CAGR of 7.6%.

Flash glucose monitoring (FGM) is a sensor technology that is majorly used in monitoring the glucose level trend of diabetes. This End-User enables to test the of blood sugar levels without pricking the finger. This technology is currently available in the Freestyle Libre system which has two parts - A small white disc and a reader. Rapid development in technologies has improved the efficiency of the diagnosis and monitoring of diseases. Flash glucose monitoring is a very efficient tool for maintaining blood glucose levels daily. Improving glucose monitoring devices is the primary factor boosting the flash glucose monitoring market revenue. Rising research & development and advancement in healthcare technologies are the two important flash glucose monitoring devices market trends that are fueling the industry demand.

Global Flash Glucose Monitoring Market Dynamics:

Market Drivers:

• Growing cases of diabetes patients globally
• Increasing awareness regarding the glucose monitoring devices
• Increasing demand for point of care testing
• Growing healthcare expenditure in emerging countries

Market Restraints:

• Overburdened information from FGM sensor
• FGM sensors causes skin irritation

Market Opportunities:

• Technological advancement in healthcare sector
• Rising patients adoption towards non-invasive procedures

Flash Glucose Monitoring (FGM) Market Report Coverage:

The major driving factor for the flash glucose monitoring market includes an increasing diabetic population, a rising aging population, an increase in the prevalence of various diseases such as hepatitis, and human immunodeficiency virus (HIV) infection, and advancement in the End-User. According to the World Health Organization (WHO), in 2014, over 422 million people across the globe were suffering from diabetes. Increasing demand for point of care testing is one of the factors supporting the growth of the market. According to the research, it was observed that obese and smoking people are more prone to diabetes. An increasing number of obese population and changing lifestyles of the people has fueled the growth of the market. Additionally, technical advances in equipment are one of the major drivers driving the market to grow. However, lack of awareness and high cost of the devices coupled with a reluctance to adopt recent technology are restraining the growth of the market.

Flash Glucose Monitoring Market Segmentation

The market can be bifurcated on the basis of application, end-user, and region.

Flash Glucose Monitoring Market by Application

• Type 1-Diabetes
• Type 2-Diabetes

According to our flash glucose monitoring industry analysis, type 2 diabetes disorders accumulated the most market shares in 2021 and are likely to maintain their dominance from 2022 to 2030. Type 2 diabetes has a greater patient population than type 1 diabetes. As a result, these patients use flash glucose monitoring more frequently. The glycated haemoglobin (A1C) test is commonly used to identify type 2 diabetes. The American Diabetes Association encourages routine screening for type 2 diabetes with diagnostic tests in all persons 45 and older. In addition, people across all ages are under risk of getting diagnosed with type 2 diabetes, thereby driving the flash glucose monotoring market share.

Flash Glucose Monitoring Market by End-User

• Hospital
• Clinics
• Academic & Research Institutes
• Others

According to our flash glucose monitoring market forecast, the hospital sub-segment achieved a considerable market share from 2022 to 2030. A huge base of the population monitors their glucose in hospitals thus the sub-segment is anticipated to lead the market. In addition to that, the presence of advanced medical devices, the presence of healthcare professionals, and favorable reimbursement policies provided are also propelling the flash glucose monitoring market demand in hospitals. However, the academic & research institutes sub-segment is holding significant growth throughout the projected timeframe.

Flash Glucose Monitoring Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Latin America

• Mexico
• Brazil
• Rest of Latin America

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

The Middle East & Africa (MEA)

• Gulf Cooperation Council (GCC)
• South Africa
• Rest of the Middle East & Africa