New Zealand Continuous Glucose Monitoring Devices - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The New Zealand Continuous Glucose Monitoring Devices Market size is estimated at NZD 50.92 million in 2024, and is expected to reach NZD 96.32 million by 2029, growing at a CAGR of 13.60% during the forecast period (2024-2029).

The COVID-19 pandemic highlighted that substantially greater attention had to be given to diabetes to avoid unnecessary and inequitable outcomes from the infection. All necessary steps were taken and maintained to protect this high-risk group through nationwide public health measures to prevent transmission, ensuring vaccination has been given and undertaking workplace risk assessments. Notably, the rates of diabetes are higher among Maori, Pacific, and South Asians compared with New Zealand Europeans, particularly those living in deprived situations. These groups were especially vulnerable to the far-reaching impacts of the COVID-19 crisis, as they were disproportionately exposed to risk, potentially exacerbated by the sudden loss of jobs and income and reduced access to usual social support and healthcare. Mediray (Distributor Company for Freestyle Libre Products) was classed as an essential service and continued to provide FreeStyle Libre systems as usual. The Mediray technical support line remained open for call-in and pick-up options. Such factors impacted market growth positively during the pandemic.

In 2021, the Ministry of Health Virtual Diabetes Register estimated that more than 290,000 people were living with diabetes. The Pacific population had the highest estimated rate of diabetes, followed by the Indian population and the Māori population in New Zealand. The European or other populations had the lowest estimated rate of diabetes. Blood glucose level testing is a crucial technology for Diabetes because it facilitates knowledge of how different foods, medications, and activities affect a patient's diabetes and how much insulin is needed, and when for effective diabetes management. Generally, glucose testing was done with finger-pricking kits that measure levels via small blood samples. Currently, automated glucose monitoring systems are being used.

Continuous Glucose Monitoring Devices are automated glucose monitoring systems that consist of a small device worn on the body (typically the abdomen or arm) and held on by an adhesive patch. The sensor part of the device has a cannula that is inserted into the top layer of skin and uses samples of interstitial fluid to check glucose levels. Sensors are connected to a transmitter that can send data wirelessly to a dedicated mobile receiving device or smartphone. The usage of CGMs for people with Diabetes and their caregivers and communities is beneficial for managing their blood glucose and insulin levels to maintain their health outcomes. CGM makes it significantly easier to manage blood glucose levels by decreasing interruptions, allowing for better sleep and improving the mental health of patients or caregivers by reducing the overall mental load of managing diabetes, thereby enhancing the market prospects in the years to come.

New Zealand Continuous Glucose Monitoring Devices Market Trends

Increasing diabetes prevalence

Diabetes prevalence in New Zealand is projected to see significant growth during the forecast period, with approximately 360,000 people by 2028. There is a double burden because rates are higher and outcomes worse among Māori and Pasifika, and they typically face more significant socio-economic hardship. Type 1 diabetes is strongly linked to a family history of the condition, but the exact cause is unknown. No modifiable factors increase the risk for type 1 diabetes, although maintaining a healthy lifestyle is essential for managing the symptoms and long-term complications associated with the condition. People are at a higher risk of getting type 2 diabetes. Major biomedical risk factors for type 2 diabetes are impaired fasting glucose and impaired glucose tolerance, high blood pressure, dyslipidemia, overweight and abdominal obesity, and behavioral risk factors, including unhealthy diets, insufficient physical activity, and smoking.

According to the New Zealand Health Survey by the Ministry of Health, the prevalence of obesity in New Zealand adults was around 34% in 2021-2022. There are many complications developed because of diabetes, including stroke, kidney disease, nerve damage, hearing loss, hypertension, eye complications, foot complications, skin complications, etc. Therefore, there is a need to monitor the blood glucose levels of patients with diabetes constantly. Lowering blood sugar is the first step in the treatment of diabetes, as patients who have diabetes need to be monitored so that their blood glucose levels do not go beyond the expected value. Using CGMs for people with Diabetes and their caregivers and communities is beneficial for managing their blood glucose and insulin levels to maintain their health outcomes. CGM makes it significantly easier to control blood glucose levels by decreasing interruptions, allowing for better sleep, and improving the mental health of patients or caregivers by reducing the overall cognitive load of managing Diabetes. CGMs are widely used in children with Type-1, enabling parents to feel safer, allowing other adults to care for their child, giving children more freedom and autonomy in their day-to-day lives, and enabling access to more normal experiences and opportunities.

The rising prevalence of diabetes and growing awareness regarding diabetic care further drives the market for Continuous glucose monitoring devices in New Zealand.

The sensors segment held the highest market share in the current year

The sensors segment held the highest market share of about 80% in the current year.

To use a CGM, a small sensor is inserted into the abdomen (or arm) with a tiny plastic tube known as a cannula penetrating the top layer of skin. An adhesive patch holds the sensor in place, allowing it to take glucose readings in interstitial fluid (the fluid that surrounds cells in the body) day and night. Generally, the sensors must be replaced every 7 to 14 days. A small, reusable transmitter connected to the sensor allows the system to send real-time readings wirelessly to a monitor device that displays blood glucose data. Some systems have a dedicated monitor, and some display the information via a smartphone app.

Depending on the manufacturer, a CGM sensor can be used continuously for several days or weeks. Three glucose monitoring systems are currently available for private purchase in New Zealand: the Freestyle Libre (a flash monitoring system that requires manual checking rather than automatic data transmission), the Medtronic, and the Dexcom. Each system includes disposable/consumable sensors that must be changed approximately every ten days. Some of these can be purchased as part of a 12-month payment plan and on an individual purchase basis.

In January 2023, Abbott's cutting-edge diabetes technology was approved in New Zealand, costing the same as the original FreeStyle Libre Glucose Monitoring device. To allow users to sleep through the night and be awakened only when necessary, this gadget has optional and programmable alarms that notify them of essential glucose levels. The new product launches in New Zealand are further expected to affect the market positively over the forecast period.

New Zealand Continuous Glucose Monitoring Devices Industry Overview

The New Zealand Continuous Glucose Monitoring Devices Market is highly consolidated, with few significant players. Manufacturers like Abbott, Dexcom, and Medtronic have a global market presence and occupy a major share. There have been constant innovations driven by these manufacturers while also adhering to organic growth strategies, which is evident from the R&D spending of these companies.

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