Reimbursement to Determine Future Course of European Continuous Glucose Monitoring Systems Market

The European market for continuous glucose monitoring systems is in its nascent phase. Despite its promising potential, industry participants remain wary due to concerns over reimbursement and acceptance by conservative clinicians. However, the projected integration of continuous glucose monitoring systems with insulin pumps will support market expansion.

Frost & Sullivan (http://www.patientmonitoring.frost.com) finds that the European Continuous Glucose Monitoring Systems Market earned revenues of $14.0 million in 2006 and is likely to reach $ 30 million in 2009.

"Currently in the innovation stage of the product life cycle, the European continuous glucose monitoring systems market is witnessing considerable activity to quickly and effectively meet unmet demand," says Frost & Sullivan Industry Analyst Aarati Ajay. "Attracted by its considerable potential, the industry encompasses an interesting mix of participants ranging from multi-billion dollar global conglomerates such as Abbott Labs, Medtronic, and Johnson & Johnson, to very small technology innovators such as Cybiocare, Sontra, and SpectRx."

Devising a method that involves minimum or no discomfort to the patient, while monitoring blood glucose levels is the biggest challenge facing market participants today. Already, technology initiatives are underway to develop systems that offer reliable and accurate information on glucose levels while causing minimal or no inconvenience to patients. Another major challenge is the cost attached to the use of such devices.

"Currently, there are only three products available in the market and all of them are based on a model in which the sensors need to be changed every few days," explains Ms. Ajay. "Sensors are expensive and add significantly to the total cost of using the system."

Moreover, the inclusion of such systems under the reimbursable category is widely debated since, at present, these devices are useful only to a very small section of the patient population.

A proactive approach to technology development will ensure success in this largely untapped market. Companies able to introduce affordable and user-friendly devices rapidly will capture the majority of this exciting market.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the European Continuous Glucose Monitoring Systems Market (M011- 56) then send an e-mail to Radhika Menon Theodore- Corporate Communications at This email address is being protected from spambots. You need JavaScript enabled to view it. with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

European Continuous Glucose Monitoring Systems Market is part of the Patient Monitoring Subscription, which also includes research in the following markets: European Market for Telemedicine, European Market for Wireless Patient Monitoring and, European Neurological Monitors Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

Most Popular Now

Open Medical Works with Moray's Dig…

Open Medical is working with the Digital Health & Care Innovation Centre’s Rural Centre of Excellence on a referral management plan, as part of a research and development scheme to...

Generative AI on Track to Shape the Futu…

Using advanced artificial intelligence (AI), researchers have developed a novel method to make drug development faster and more efficient. In a new paper, Xia Ning, lead author of the study and...

AI could Help Improve Early Detection of…

A new study led by investigators at the UCLA Health Jonsson Comprehensive Cancer Center suggests that artificial intelligence (AI) could help detect interval breast cancers - those that develop between...

Reorganisation, Consolidation, and Cuts:…

NHS England has been downsized and abolished. Integrated care boards have been told to change function, consolidate, and deliver savings. Trusts are planning big cuts. The Highland Marketing advisory board...

AI-Human Task-Sharing could Cut Mammogra…

The most effective way to harness the power of artificial intelligence (AI) when screening for breast cancer may be through collaboration with human radiologists - not by wholesale replacing them...

Siemens Healthineers infection Control S…

Klinikum Region Hannover (KRH) has commissioned Siemens Healthineers to install infection control system (ICS) at the Klinikum Siloah hospital. The ICS aims to effectively tackle nosocomial infections and increase patient...

AI Tool Uses Face Photos to Estimate Bio…

Eyes may be the window to the soul, but a person's biological age could be reflected in their facial characteristics. Investigators from Mass General Brigham developed a deep learning algorithm...

Philips Future Health Index 2025 Report …

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today unveiled its 2025 Future Health Index U.S. report, "Building trust in healthcare AI," spotlighting the state of...

AI-Powered Precision: Unlocking the Futu…

A team of researchers from the Department of Diagnostic and Therapeutic Ultrasonography at the Tianjin Medical University Cancer Institute & Hospital, have published a review in Cancer Biology & Medicine...

AI Model Improves Delirium Prediction, L…

An artificial intelligence (AI) model improved outcomes in hospitalized patients by quadrupling the rate of detection and treatment of delirium. The model identifies patients at high risk for delirium and...

Building Trust in Artificial Intelligenc…

A new review, published in the peer-reviewed journal AI in Precision Oncology, explores the multifaceted reasons behind the skepticism surrounding artificial intelligence (AI) technologies in healthcare and advocates for approaches...

SALSA: A New AI Tool for the Automated a…

Investigators of the Vall d'Hebron Institute of Oncology's (VHIO) Radiomics Group, led by Raquel Perez-Lopez, have developed SALSA (System for Automatic Liver tumor Segmentation And detection), a fully automated deep...