Artificial Intelligence
Worldwide Continuous Glucose Monitoring Device Industry to 2026 – Key Drivers and Restraints of the Market
Dublin, Aug. 31, 2020 (GLOBE NEWSWIRE) — The “Global Continuous Glucose Monitoring Device Market By Component, By End User, By Region, Industry Analysis and Forecast, 2020 – 2026” report has been added to ResearchAndMarkets.com’s offering.
The Global Continuous Glucose Monitoring Device Market size is expected to reach $8.5 billion by 2026, rising at a market growth of 12.4% CAGR during the forecast period. Continuous Glucose Monitoring (CGM) is one of the newest advances in diabetes management technology. CGM system is a kind of glucose monitoring device that uses the transcutaneous or subcutaneous route to insert a biosensor. The embedded sensor measures the levels of glucose in interstitial fluid or blood and transmits the information to a receiver/monitor for display of results using a transmitter. Due to their related many benefits over other glucose control devices these systems play an important role in diabetes management.
Continuous glucose monitors (CGMs) are widely available and efficient as a tool for real-time biofeedback and behavioral improvement for individuals with type 2 diabetes (T2D), and also those with prediabetes. A convergence of many megatrends in healthcare will lead to the ever more frequent use of CGM in people with T2D and even prediabetes. This will also further boost the precision, size, and cost of CGM; include the option to transfer data to the cloud. The integration will ensure the availability of digital coaching methods and computational applications, and eventually, artificial intelligence and a change to value-based treatment will follow.
CGM devices provide beneficial insights into the effects of meals, exercises, and diseases that affect the glucose level of an individual and reduce the risk of hyperglycemia and hypoglycemia. The global spread of diabetes epidemic coupled with aging demographics & ongoing technological advances in this area has boosted demand for CGM devices and therefore catalyzed the growth of the market for CGM devices.
Based on Component, the market is segmented into Sensors, Transmitters, and Receivers. Based on End User, the market is segmented into Hospitals, Homecare Settings and Other End Users. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Abbott Laboratories, Medtronic PLC, F. Hoffmann-La Roche Ltd., Novo Nordisk A/S, DexCom, Inc., Ypsomed AG, Senseonics Holdings, Inc., GlySens, Incorporated, A. Menarini Diagnostics Ltd. (The Menarini Group), Echo Therapeutics, Inc., Johnson and Johnson.
Recent strategies deployed in Continuous Glucose Monitoring Devices Market
Partnerships, Collaborations, and Agreements:
Mar-2020: DexCom collaborated with Welldoc, a leading digital health company. The collaboration is expected to enable Welldoc’s BlueStar, a digital health product for individuals living with type 1 and type 2 diabetes to provide insights to Dexcom G6 CGM system users.
Feb-2020: Abbott came into partnership with Insulet, an innovative medical device company. Following this partnership, Abbott’s world-leading continuous glucose monitoring (CGM) technology is expected to be integrated with Insulet’s next-generation tubeless system, the Omnipod Horizon Automated Insulin Delivery (AID) System (Omnipod Horizon System). The integration is expected to provide personalized automated insulin delivery and care for people living with diabetes.
Feb-2020: DexCom signed a commercialization agreement with Insulet Corporation, a medical device company. Under this agreement, the companies aimed to combine current and future Dexcom continuous glucose monitoring systems (CGM) with Insulet’s trusted tubeless insulin delivery Pod into the Omnipod Horizon System for automated insulin delivery.
Feb-2020: Senseonics Holdings signed an agreement with Companion Medical. The former company is expected to integrate its Eversense CGM System real-time glucose data with the latter company’s InPen smart system for insulin delivery.
Jan-2020: DexCom announced partnership with Livongo, a leading Applied Health Signals company. The partnership is expected to offer Livongo Members the ability to synch data from their Dexcom G6 Continuous Glucose Monitoring System with the Livongo platform, providing access to key insights and Health Nudges from Livongo’s Applied Health Signals platform based on their CGM data.
Dec-2019: DexCom signed a global commercialization agreement with Eli Lilly and Company. Under this agreement, the former company products is expected to be integrated into the latter company’s personalized diabetes management system. Lilly is expected to use Dexcom’s continuous glucose monitoring (CGM) devices in both the pen- and pump-based platforms of the system being designed to help improve diabetes management.
Oct-2019: Abbott partnered with Omada Health, a longtime leader in digital health coaching for diabetes prevention and type 2 diabetes (T2D) care. Under this partnership, the companies aimed to combine health coaching with glucose monitoring for providing patients with type 2 diabetes (T2D) a single source to learn how to change their diet and exercise patterns and then track the results.
Sep-2019: Abbott signed partnership agreement with Sanofi, a global biopharmaceutical company. The partnership was focused on developing new tools that is expected to combine technology from Abbott’s FreeStyle Libre continuous glucose monitor with insulin dosing information for future Sanofi smartpens, insulin titration apps, and cloud software.
Sep-2019: Novo Nordisk announced collaboration with Medtronic. Under this collaboration, the companies aimed to develop solutions for integrating insulin dosing data from future Novo Nordisk smart insulin pens into Continuous Glucose Monitoring (CGM) devices from Medtronic, such as the Guardian Connect system.
Mar-2019: Senseonics Holdings teamed up with Glooko, a provider of software-as-a-service application and mobile app for diabetes patients. Under this collaboration, Senseonics’ Eversense CGM data has been integrated into the Glooko diabetes data management platform. This integration enables Eversense CGM data to be synced into Glooko’s platform directly from the Senseonics cloud.
Mar-2019: A. Menarini Diagnostics signed partnership with WaveForm Technologies, a wholly-owned subsidiary of AgaMatrix Holdings LLC, and developer of novel products for continuous glucose monitoring. The partnership was aimed to commercialize the WaveForm Technologies Continuous Glucose Monitor (CGM).
Feb-2019: Senseonics Holdings came into partnership with Geo-Med, LLC, a verified Service-Disabled Veteran-Owned Small Business (SDVOSB). The partnership was aimed to provide access to Eversense CGM to more than 9 million covered veterans and U.S. government personnel.
Feb-2019: Novo Nordisk came into partnership with Abbott. The companies is expected to combine insulin dose data from Novo Nordisk’s pre-filled, connected pens with digital health tools compatible with Abbott’s FreeStyle Libre system.
Jan-2019: India Medtronic Pvt. Ltd, a wholly-owned subsidiary of Medtronic PLC teamed up with Eris Lifesciences, one of the leading players in the chronic drugs segment. Following this collaboration, Eris aimed to provide Medtronic’s Guardian Connect device to the clinics and healthcare delivery units under its patient care initiative. Guardian Connect is the Smart Continuous Glucose Monitoring System connected with smartphone displays for a real-time data viewing of glucose levels, without a separate hardware monitor.
Acquisition and Mergers:
Dec-2019: Medtronic acquired Klue, a software company focused on behavior tracking that can provide real-time insights into when a person is consuming food. The Klue technology can be used to accelerate the company’s market-leading analytics and insights in their smart CGM technology for helping people using multiple daily injections (MDI) stay ahead of high and low glucose events.
Aug-2018: Novo Nordisk took over Ziylo, an innovative technology platform that offers the potential to develop glucose responsive insulins, a ground-breaking treatment for diabetes patients worldwide. The acquisition provided Novo Nordisk full rights to Ziylo’s glucose binding molecule platform for developing glucose responsive insulins (GRIs).
Jul-2017: Roche completed the acquisition of mySugr GmbH. mySugr is one of the leading mobile diabetes platforms in the market. Following the acquisition, mySugr became Roche’s new patient-centered digital health services platform in diabetes care. The acquisition helped Roche to strengthen its leading position in the area of diabetes management.
Approvals:
Oct-2019: DexCom announced that the U.S. Food and Drug Administration (FDA) approved the Dexcom G6 Pro Continuous Glucose Monitoring (CGM) System. This system can be used for the patient ages two years and up. Dexcom G6 Pro is the single-use, professional CGM that collects real-time glucose data over 10 days and provides both a blinded and unblinded mode. In blinded mode, real-time glucose data is hidden from the patient and reviewed retrospectively with their healthcare professional at the end of the session. In unblinded mode, patients can see their glucose data throughout the 10-day sensor wear to gain insights and make treatment decisions in real-time.
Sep-2019: Medtronic announced that it has got CE Mark for the Envision Pro Continuous Glucose Monitoring (CGM) system. It is a fully disposable, zero calibration professional CGM system. The system enables healthcare professionals and their patients with either type 1 or types 2 diabetes to see accurate glucose levels and trends over time to develop more optimal diabetes therapy plans.
Jun-2019: Senseonics got FDA approval for its nonadjunctive indication for the Eversense continuous glucose monitoring system. This indication enabled the patients to use the implantable device as a replacement for finger sticks to make diabetes treatment decisions throughout the day.
Dec-2016: Animas Corporation, a part of the Johnson & Johnson Diabetes Care Companies (JJDCC), got U.S. Food and Drug Administration (FDA) approval, and Health Canada’s authorization for the sale of the OneTouch Vibe Plus Insulin Pump and Continuous Glucose Monitoring (CGM) System for the treatment of patients age two and older living with diabetes.
Sep-2016: Medtronic received FDA approval for the Enlite Sensor for its iPro2 continuous glucose monitor (CGM). The disposable sensor can be worn 24 hours a day for up to six days.
Jul-2016: Medtronic announced CE Mark for its Guardian Connect mobile continuous glucose monitor (CGM) and app. The company is expected to start selling the system in selected countries in Europe, Asia, and Latin America.
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Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Continuous Glucose Monitoring Device Market by Component
3.1 Global Sensors Market by Region
3.2 Global Transmitters Market by Region
3.3 Global Receivers Market by Region
Chapter 4. Global Continuous Glucose Monitoring Device Market by End-user
4.1 Global Hospitals Continuous Glucose Monitoring Device Market by Region
4.2 Global Homecare Settings Market by Region
4.3 Global Other End Users Market by Region
Chapter 5. Global Continuous Glucose Monitoring Device Market by Region
5.1 North America Continuous Glucose Monitoring Device Market
5.2 Europe Continuous Glucose Monitoring Device Market
Chapter 6. Europe Continuous Glucose Monitoring Device Market by Country
Chapter 7. Company Profiles
7.1 Abbott Laboratories
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Medtronic PLC
7.3 F. Hoffmann-La Roche Ltd.
7.4 Novo Nordisk A/S
7.5 DexCom, Inc.
7.6 Ypsomed AG
7.7 Senseonics Holdings, Inc.
7.8 GlySens, Incorporated
7.9 A. Menarini Diagnostics Ltd. (The Menarini Group)
7.10 Echo Therapeutics, Inc.
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Artificial Intelligence
atNorth Shortlisted for Datacloud Global Awards, The Energy Awards and The Women in Green Business Awards
The leading Nordic data center business achieves multiple new accolades.
REYKJAVÍK, Iceland, May 10, 2024 /PRNewswire/ — atNorth, the leading Nordic colocation, high-performance computing, and artificial intelligence service provider, today announced widespread industry recognition including shortlisting’s in the `Excellence in Data Centre Europe Award 2024′ category at the Datacloud Global Awards and the `Energy Efficient Partnership of the Year’ category at the Energy Awards.
The Datacloud Global Awards celebrate excellence in the data center and cloud industry, recognizing outstanding achievements, innovation, and leadership across various categories. From pioneering technology solutions to sustainable practices, these awards highlight the trailblazers and visionaries driving the digital transformation landscape forward.
atNorth’s continuous commitment to developing the most advantageous solutions for its clients has led the business to be recognized for its efforts in energy efficiency, data center excellence and as a leader in the data center industry.
Additionally, atNorth’s CFO & Deputy CEO, Eva Sóley Guðbjörnsdóttir has been shortlisted in the `Diversity and Inclusion Champion of the Year’ category at the Women in Green Business Awards, illustrating the commendable ethos of atNorth’s business as a whole, as it champions fairness and the greater good – both internally and at the core of its service provision.
“We are delighted to be acknowledged in a variety of categories across multiple awards,” says Eva Sóley Guðbjörnsdóttir, CFO & Deputy CEO, at atNorth. “As we remain committed to our vision of `more compute for a better world’, this recognition inspires us to continue to advocate for best practice within our business and the industry as a whole.”
The news follows atNorth’s recognition in TechRound’s Sustainability60 campaign, at the UK Green Business Awards and the Tech Capital Awards. The business has also recently announced Anna Kristín Pálsdóttir as Chief Development Officer and Jörgen Larsson as Director of Hyperscale Operations as the business continues to scale to meet the increasing demand for its services.
About atNorth
atNorth is a leading Nordic data center services company that offers sustainable, cost-effective, scalable colocation and high-performance computing services trusted by industry-leading organizations. The business acquired leading High-Performance Computing (HPC) provider, Gompute, in 2023 enabling a compelling full stack offering tailored to AI and other critical high-performance workloads.
With sustainability at its core, atNorth’s data centers run on renewable energy resources and support circular economy principles. All atNorth sites leverage innovative design, power efficiency, and intelligent operations to provide long-term infrastructure and flexible colocation deployments. The tailor-made solutions enable businesses to calculate, simulate, train and visualize data workloads in an efficient, cost-optimized way.
atNorth is headquartered in Reykjavik, Iceland and operates seven data centers in strategic locations across the Nordics, with additional sites to open in Helsinki, Finland and in Denmark in Q4 2024, as well as its tenth site ready for operation in Kouvola, Finland in 2025.
For more information, visit atNorth.com or follow atNorth on LinkedIn or Facebook.
Press Contact:Caroline BruntonKite Hill PR for atNorth+44 (0) 7796 274 [email protected]
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Artificial Intelligence
ProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards
MANCHESTER, England, May 10, 2024 /PRNewswire/ — UK-headquartered, global Identity and Access Management (IAM) specialist, ProofID has won the Judge’s Award for Global Ambition at the Northern Tech Awards held at Manchester Cathedral. The company won the award in recognition of its expansion in the USA following the successful acquisitions of Regatta Solutions an Austin, Texas based Identity Governance and Administration (IGA) integrator and PEGRight a Colorado Springs, Colorado based IAM integrator.
These two acquisitions created a combined business which leads the field as a provider of enterprise identity solutions and global identity managed services across Europe and North America. The awards, organised by GP Bullhound, are a demonstration of the spirit of innovation, resilience, and growth that defines the Northern tech ecosystem.
Tom Eggleston, CEO of ProofID said: “ProofID has always embraced its northern roots, but it’s been an exciting road.”
“Our journey to the international stage continues and reflects not only our ambition to grow via acquisition but also our ability to adapt, innovate and thrive in other territories. It’s truly wonderful for our work to be recognised in this way.”
In 2022, Maven invested £15 million through the Maven UK Regional Buyout Fund to support ProofID’s growth and strategic expansion. Since then, the company has continued to develop its partnerships with IAM vendors, offering broader solutions and enhancing its market position.
The award, accepted by Peter Dolan, CFO of ProofID, is held to showcase leading tech businesses in the North, fuelling growth in its powerful tech economy. The eleventh edition of the Northern Tech Awards ceremony, brought together 250 CEOs, entrepreneurs, and business leaders from across the digital economy, celebrating innovation and excellence in the North of England and Scotland.
Javed Huq, Managing Director of sponsor, GP Bullhound said: “Congratulations to all the winners of the 2024 Northern Tech Awards.
“Their success is a testament to the remarkable determination and entrepreneurship, which have enabled their businesses to thrive in a challenging market landscape.
“We are immensely proud of the dedication and innovation within the Northern tech ecosystem and believe it is important to celebrate these achievements at tonight’s awards. We are honoured to champion these leading tech businesses and look forward to their continued growth and contribution to the UK economy.”
About ProofID
ProofID is a global identity security partner, integrator and service provider. As a proven identity specialist, ProofID is committed to delivering pain-free, secure and seamless digital user experiences however complex the project. Trusted by Tier 1 enterprises and mid-market businesses around the world to design, deliver and manage IAM and IGA services. ProofID has successfully deployed industry leading technologies into all market sectors with dynamic workforce needs and seamless customer engagements. ProofID’s highly skilled team has been awarded the highest technical accreditations by all their chosen partners including Ping Identity, earning Global Delivery Partner of the Year Award for 6 consecutive years and SailPoint, achieving delivery Admiral status. For more information visit www.ProofID.com.
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Artificial Intelligence
Northern Data Group’s Peak Mining announces new partnership for 28MW of mining, powered by 100% renewable energy
28MW of miners delivering 1.3 EH/s, strategically located in Paraguay2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners to be installedPower rate of sub $0.04/kWh, generated by 100% renewable hydropowerFRANKFURT, Germany , May 10, 2024 /PRNewswire/ — Northern Data Group’s Peak Mining today announces a new partnership with Penguin Infrastructure Holding (“Penguin”) for 28MW of mining capacity. This project represents a significant next step in Northern Data Group’s geographical expansion and enables Peak Mining to increase its hashrate, powered by 100% renewable energy.
The hardware will be energized in H2 2024 and marks Peak Mining’s first step into South America. 2,860 units of MicroBT’s M63-series liquid-cooled WhatsMiners will be installed at the site. The hardware will generate 1.3 EH/s, contributing to Peak Mining’s planned growth to 7.9 EH/s this year.
The site in Paraguay is 100% powered by renewable hydropower harnessed from the 14 GW Itaipu Dam, it is the world’s third-largest hydroelectric dam. The site will therefore benefit from the availability of clean energy.
This expansion into South America follows Peak Mining’s recent purchase of a 300MW mining data center site in Corpus Christi, Texas, which will power around 4.2 EH/s of MicroBT’s miners as well as the construction of a 30MW facility in Grand Forks, North Dakota, which will support approximately 1.1 EH/s of the miners.
This selection of sites underscores Northern Data Group’s commitment to meet the demands of the industry as efficiently as possible. Throughout 2024, Northern Data Group will be rapidly expanding its HPC footprint.
Aroosh Thillainathan, Northern Data Group’s Chief Executive Officer, commented:
“This partnership is significant to Northern Data Group as we continue to execute on our investment strategy and solidify our position within the global High Performance Computing market, and I’m especially pleased to be working with Penguin, given the team’s impressive sustainability standards at this site. It is Peak Mining’s first expansion into South America and is another milestone for the company as it continues to scale its international Bitcoin mining capabilities.”
Niek Beudeker, Managing Director, Peak Mining, commented:
“I’m pleased to partner with Penguin to expand our mining capacity to Paraguay. The Penguin team has done a tremendous job in constructing the site and building a strong local team. This agreement, structured as a partnership, will allow for better alignment of both parties than with a standard hosting arrangement. The partnership demonstrates our commitment to leveraging 100% clean energy to meet growing industry demand, efficiently”.
Björn Schmidtke, CEO at Penguin Group, commented:
“This strategic alliance with Northern Data Group strengthens our position as a leader in hosting next-generation High Performance Computing and also allows us to strengthen our capabilities and expand our offerings in cutting-edge areas such as AI compute. We are committed to advancing in this constantly accelerating world, which demands more high-quality services to keep evolving.”
About Peak Mining
Peak Mining, part of the Northern Data Group, is powering the future of the Bitcoin network. We deliver industry-leading operating and energy efficiency in Bitcoin mining through the latest hardware alongside innovative technology and HPC infrastructure. With our heritage dating back to 2013, we’ve been innovating for over a decade and have been at the forefront of the industry ever since. Our high-quality infrastructure is purpose-built to secure the Bitcoin network, and we’re driven to continuously find new efficiencies driving value for our investors. We’re delivering long term value in more responsible ways.
About Penguin
Penguin Group is at the forefront of HPC and cloud services powered by fully renewable hydro power in South America. Its core value is the mission to Transform Energy into Human Potential. This mission is achieved through Penguin Academy, a revolutionary education concept where students ‘learn by doing’ and has already trained thousands of young people to become the next generation of tech talent. Penguin aims to transform Paraguay into the Technological Hub of South America and expand their concept and mission globally.
About Northern Data Group
Northern Data Group (ETR: NB2) is a leading provider of High Performance Computing (HPC) solutions, utilizing GPU- and ASIC-technology. Our flexible compute power fuels innovation in our three core business platforms: Taiga Cloud, Ardent Data Centers, and Peak Mining. Through our HPC solutions, we pioneer ambitious computing innovation that drives progress in the AI, ML and Generative AI industries. Our close collaboration with industry-leading manufacturers including Gigabyte, AMD, and NVIDIA is fundamental to the acceleration of innovation across sectors including life sciences, financial services, and energy.
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