From the latest quarterly activity report, one paragraph, 2 sentences, has it been missed in the NanoDX hype ;
The company has also progressed the continuous glucose monitor project to a point where volume
ramp is expected to start in the current quarter. This is the next customer in the pipeline to drive
material revenue with a total opportunity size of US$4m
I suspect Ralph could be undercooking the opportunity size
....
Selbyville, Delaware, Dec. 08, 2020 (GLOBE NEWSWIRE) -- According to seasoned analysts, worldwide continuous glucose monitor market size reached USD 4245.67 million in 2019 and is expected to grow substantially during 2020-2025, registering a yearly growth rate of 17.24% throughout the forecast timeframe. The market is largely driven by increasing cases of diabetes among children and the geriatric population. Moreover, increasing obesity caused by factors like rise in adoption of poor dietary habits, and lack of physical activity, which ultimately elevates the risk of diabetes is adding momentum to the industry growth.
Component type overview:
Global continuous glucose monitor market, based on component type, is categorized into sensors, transmitters & receivers, and integrated insulin pumps. Reliable sources cite that sensors segment secured 48.61% of the overall industry share in 2019 and is expected to record strong growth over the projected timeline, trailed by transmitters & receivers segment which accounted for 28.34% industry share.We don't know who the customer is, but the major players are :
Global Continuous Glucose Monitor Market Competitive Dashboard [Value (USD Million), 2015-2025]
Valued contributors have researched & guessed Medtronics or Dexcom. But we don't know, other than it is happening THIS QUARTER.
- F. Hoffmann-La Roche AG
- Ascensia Diabetes Care Holdings AG
- AgaMatrix, Inc.
- Integrity Applications, Inc.
- Senseonics Holdings, Inc.
- GlySens, Inc.
- Insulet Corp.
- Abbott Laboratories
- Dexcom, Inc.
- Medtronic plc
Let's gets excited by this material revenue project for Sensera, as well as holding out for NanoDX.
A special honourable mention to anyone who finds out who the customer is.
