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Market Growth and Demand

Market Expansion: The medical supplies market is projected to reach $190.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.15%. This growth is driven by factors such as the increasing prevalence of chronic diseases, an aging population, and a rise in non-invasive surgical procedures. ​

Supply Shortages

Hospitals in the U.S. are facing acute shortages of essential medical supplies, impacting routine operations and patient care. Abbott has introduced the Lingo over-the-counter CGM in the U.S., priced at $49 for a 14-day sensor or $89 per month, offering consumers more accessible glucose monitoring options.