U.S. Continuous Glucose Monitoring Devices Market Is Set For Lucrative Growth
U.S. Continuous Glucose Monitoring Devices Market Summary The U.S. continuous glucose monitoring (CGM) devices market size was valued at USD 1.51 billion in 2023 and is expected to register a compound annual growth rate (CAGR) of 6.68% from 2024 to 2030. The primary drivers fueling this market's growth include the increasing prevalence of diabetes, advancements in CGM technology, and the expanding geriatric population who are more prone to developing diabetes. Additionally, the high incidence of obesity among individuals further supports the anticipated market expansion over the forecast period, as obesity is a major contributing factor to the onset of diabetes in the U.S. population. In 2023, the U.S. continuous glucose monitoring devices market captured a 33% revenue share of the global market. Factors such as sedentary lifestyles, poor dietary habits, and aging are significantly contributing to the increased rate of diabetes across the country. According to the Cen...