Europe CGM Market: Rapid Technological Developments in Diabetes Management will Likely Encourage Growth

Published on : Jul 03, 2018

Albany, New York, July 3, 2018: Adoption of new devices such as continuous glucose monitoring (CGM) devices witnessed notable surge, contributing reasonably towards the growth of Europe CGM market. To evaluate the impact of ongoing developments on growth of Europe CGM market, Market Research Hub (MRH) has added a new report titled, ‘Europe CGM Market, Users, Reimbursement Policy, Components (Glucose Sensor, Transmitter), Diabetes (Type1 & 2) Population, & Forecast’, to its database.

Elimination of Fingerstick Emerges as New Trend in Europe CGM Market

Complying with end-user demands of effective, cost efficient diabetes monitoring system, manufacturers in CGM market in Europe are continually integrating resources to develop advanced devices that can replace the traditional finger pricking mechanism. Regular monitoring of glucose levels remains critical amongst diabetes patients whose food habits play a pivotal role in glucose management for hyperglycemia and hypoglycemia conditions.

In a recent development, Dextom has unrolled its FDA approved Dexcom G6 CGM system that can be used in coordination with automated insulin dosing system. As opposed to conventional finger prick blood test, this new product offering from Dexcom is  envisaged to simplify accurate glucose monitoring besides strengthening Dexcom’s position in CGM market in Europe.  

Aligning with elimination of fingerstick in glucose monitoring, leading biopharmaceutical company, Abbott has acquired FDA approval for Freestyle Libre Flash Glucose monitoring system. The device is equipped with a wearable sensor that monitors glucose levels painlessly and offers data at periodic intervals. The device also enlists accurate historical data for up to eight hours. Such innovation is aimed to improve the company’s strong command in Europe CG< market. 

Exhaustive research outputs compiled in the report offer readers with an overview of factors that leverage growth in CGM market. Based on this section of the report, readers can identify prevailing factors in Europe CGM market which include, CGM market, CGM users, and CGM reimbursement policies. From these veritable information, readers can gain a comprehensive outlook of the dynamics that curve the growth of CGM market in Europe. Also, readers can analyze the impact of these factors in driving revenue generation in CGM market of Europe.

Sweden Accounts for the Fastest Growing Region in Europe CGM Market

Additionally, the report offers a thorough understanding about regional markets of Europe CGM market. Based on region, Europe CGM market is bifurcated as Germany, France, Netherlands, Switzerland, Sweden, and United Kingdom. With the aid of these research components, readers can analyze the impact of marketing tactics and tools employed by core market players in various regions of Europe CGM market. Readers can also attain vital insights on the influence of these strategies in triggering favorable end-user response besides influencing growth in Europe CGM market.

Competition Matrix: Europe CGM Market

Vital inputs compiled in the report allows readers to understand the impact of ongoing developments rendered by core companies on the growth of Europe CGM market as well as the influence of these strategic development on end-user response, purchase preferences, and their eventual purchase decisions. New entrants in CGM market of Europe, as well as existing players can delve deep into the strategic market plans by facilitating deep analysis. Based on inferences obtained after thorough analysis, market players can decipher quintessential perspectives pertaining to winning marketing strategies. Based on these perspectives, market players can devise profit oriented marketing plans and investment decisions that incur maximum profits in Europe CGM market and secure their stability in the CGM market of Europe.     

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