Market Share of Continuous Glucose Monitoring (CGM) Industry
The continuous glucose monitoring market is consolidated and consists of few major players. Some companies currently dominating the market are Dexcom, Abbott, and Medtronic in the market. A major share of the market is held by CGM manufacturers that are concurrent with strategy-based M&A operations and are constantly entering new markets to generate new revenue streams and boost existing ones. These measures taken by the market players will ensure a competitive marketplace, therefore, forcing the companies to experiment with more new technologies, to ensure uniqueness in their products. Also, one of the implications of the competition in the market is that it will ensure a constant decrease in the average selling price of the CGM units produced. Also, companies are collaborating to increase their technological know-how and to fasten the product development cycle.
Continuous Glucose Monitoring (CGM) Market Leaders
Medtronic Plc
Dexcom, Inc.
Abbott Laboratories
Senseonics Holdings, Inc.
Roche
*Disclaimer: Major Players sorted in no particular order
