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Adoption of CGM- continuous glucose monitoring is a result of innovative diabetic management devices. Loopholes that exist in the present glucose monitoring devices are efficiently addressed by the pioneering CGM. With the help of continuous glucose monitoring, noteworthy progression has been possible to stabilize a high A1C level, which lower downs the risk of diabetic complications.
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Few other factors that contribute towards the market growth are technological modernization such as artificial pancreas, rising awareness among developed, developing and under developed economies, and rising pool of diabetic patients. Conversely, factors such as stern authoritarian impositions, lack of reimbursement options, less accurate results and high cost of the CGMs are impeding the growth of market. The report analyzed the global continuous glucose monitors market to generate revenue of $568.5 million by 2020, enrolling a CAGR of 14.8% during 2013-2020.
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