Germany Continuous Glucose Monitoring (CGM) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Diabetic Patients, Critical Patients), And By End User Industry (Hospitals, Diagnostic Centers And Clinics, Home Care) - Forecasts From 2023 To 2028

The Germany CGM market is expected to grow at a CAGR of 19.59%, from an initial value of US$208.886 million in 2021 to US$730.683 million by 2028.

Continuous sugar monitoring (CGM), sometimes referred to as sugar continuous glucose monitoring, automatically monitors blood glucose throughout the day. Making more educated choices about maintaining daily medication use, a healthy diet, and physical activity can be aided with real-time glucose monitoring. A small sensor used in CGM is implanted beneath the skin, often on the arm or abdomen. The sensor picks up interstitial glucose, which is present in the intercellular fluid. The sensor examines the glucose level every few minutes, and wireless data transmission sends the results to a monitor.

Moreover, the closed-loop bionic/artificial pancreas has been given a blueprint because of CGMS-based technologies. Thus, businesses that manufacture glucose monitoring devices concentrate largely on creating novel and cutting-edge CGMS. It has several applications for healthcare settings (hospital ICUs, diagnostic centers, and clinics), for all age groups, and geographical locations. A growing awareness of diabetes preventative care, new product debuts, government efforts, and the CGM device market are the major market drivers for CGM Market.

Germany adopts technologies like continuous glucose monitoring more quickly than other emerging nations. Unprecedented interest in remote care from patients and providers as well as the removal of many long-standing legislative restrictions have been brought about through crisis management by the government. Many conveniences in managing blood glucose levels are made possible by technological developments and advancements. The flexibility of blood glucose monitoring equipment is improving as a result of people's increasing understanding of cutting-edge diabetic technologies. To increase their market share significantly, top manufacturers are concentrating on technical advancements and creating cutting-edge goods.

Increasing prevalence of diabetes to surge the market for CGM in Germany.

The German Diabetes Center estimates that at least 7.2% of the population in Germany presently has diabetes, and that number will rise dramatically over the next 20 years. Obesity, a poor diet, and lack of exercise are the primary causes of the rise in newly diagnosed Type 1 and Type 2 diabetes cases. Healthcare spending and the fastening incidence and prevalence of diabetes individuals are signs of market expansion of continuous glucose monitoring in Germany.

Government initiatives to surge growth in Germany.

A cap on out-of-pocket medical expenses and coverage of all medically required treatments, including insulin medications, are mandated by German law for public insurance plans. T1 International, an organization that advocates for individuals with diabetes, claims that out-of-pocket expenses for German diabetes patients are among the lowest in the whole globe. In Germany, strict government rules and supportive WHO regulations are incentivizing businesses to create novel goods. These products' market penetration in Germany helps regional clinical research organizations (CROs) with their clinical research trials and assures managerial simplicity, which speeds up the discovery process for diabetic patients.

Market Key Developments

• In October 2022, by making the G7 continuous glucose monitoring system accessible in the United Kingdom, Ireland, Germany, Austria, and Hong Kong, Dexcom started the worldwide deployment of the product.
• In April 2022, to lessen the burden on persons with diabetes, CamDiab, Abbott, and Ypsomed collaborated to create and sell an integrated automated insulin delivery (AID) system in Germany.

Germany Continuous Glucose Monitoring (CGM) Market Scope:

Segmentation:

• By Application
  • Diabetes Patients
  • Critical Patients
• By End-User Industry
  • Hospitals
  • Diagnostic Centers & Clinics
  • Home Care