Global Glucose Monitoring Devices Market Size, Share & Trends

Glucose Monitoring Devices Market

Global Market Overview

* Size & Forecasts

  * The global continuous glucose monitoring (CGM) devices market was valued at USD 4.60 billion in 2023 and is projected to reach USD 7.51 billion by 2030, growing at a CAGR of 7.19% from 2024 to 2030 .
  * Another estimate places the entire CGM market at USD 13.28 billion in 2025, with a projected jump to USD 28.72 billion by 2030—reflecting a much higher CAGR of 16.7% .

* Different Time Horizons

  * From 2024 to 2034, the CGM market is forecasted to grow from USD 5.17 billion to USD 10.15 billion, at a 7.0% CAGR ([Polaris][3]).
  * Going further out, projections show the CGM market rising from USD 5.8 billion in 2024 to USD 12.6 billion by 2035 (CAGR of 7.4%) ([TMR][4]).

So, depending on the reporting source and scope, forecasts vary—but they consistently point toward strong, sustained growth over the next decade.

Market Segmentation & Regional Trends

* By Device Type

  * CGMs dominate the market, accounting for around 58.1% of the total glucose monitoring device market share ([DataM Intelligence][5]).

* By Component

  * Sensors are a key driver—capturing 40.7% of revenue in 2023 for CGMs and as much as 84.9% share in another breakdown.

* By Connectivity & Setting

  * Bluetooth-enabled solutions led in 2023 with a 59.6% share 
  * Homecare remains dominant, accounting for 46.7% of end-use revenue 

* Regional Highlights

  * North America consistently leads in revenue:

    * Held 38.7% of the global CGM market in 2023 
    * Regained a high share of 51.0% in 2024 and continues to dominate 
  * Asia-Pacific is the fastest-growing region, with substantial uptake driven by rising diabetes prevalence and smartphone penetration 

India-Specific Snapshot

* The broader India diabetes devices market is valued at USD 2.25 billion in 2025 and should grow to USD 2.52 billion by 2030 (CAGR \~2.3%).

* Focusing specifically on blood glucose monitoring devices:

  * Market size estimated at USD 406.9 million in 2025, projected to rise to USD 605.4 million by 2030 (CAGR \~8.3%) ([Mordor Intelligence][7]).
  * Another source pegs India’s 2023 market at USD 362.7 million, with a forecast to hit USD 689.4 million by 2030 (CAGR \~9.6%).

* Key Drivers & Trends in India

  * Expansion of PLI-based local manufacturing, digital health platforms, CGM reimbursement pilots, and pharmacy-led programs are boosting adoption.

* Challenges in India

  * High GST rates, limited insurance coverage, cold-chain infrastructure gaps, and low CGM awareness among physicians hamper wider uptake.
  * Public discussion on Reddit reflects concerns about accessibility and cost: e.g., sensors costing INR 6,000 (\~USD 75), with recurring monthly expenses seen as burdensome .