View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
September 29, 2020

Abbott secures CE-Mark for real-time glucose monitoring device

Abbott has received CE Mark approval for its FreeStyle Libre 3 system for people living with diabetes in Europe.

Abbott has received CE Mark approval for its FreeStyle Libre 3 system for people living with diabetes in Europe.

Free Report
img

Medical Device Industry Landscape In Asia-Pacific

GlobalData's APAC Medical Devices Industry Landscape – 2022 free study breaks down the APAC medical devices market by segment and region and includes insights on local and global competitors, pipeline product developments, clinical trials studies, and significant deals in the industry. The APAC medical device industry witnessed significant developments, launches, implementations, and adoption of new medical device technologies in the past decade, however the high cost of devices, regulatory hurdles, reimbursement pressure, and healthcare budget constraints have challenged market expansion across various territories and segments. APAC is the fastest growing regional market for medical device clinical trials, with China and Japan emerging as major clinical trial hotspots. The growth in medical device clinical trials in the APAC region is attributed to an increase in research partnerships between biopharma companies and clinical research organizations (CROs). This report also provides an in-depth analysis of the medical device market's opportunities and challenges, the influence of COVID-19 on the market, and government activities aimed to develop the APAC medical device market.
by GlobalData
Enter your details here to receive your free Report.

The system offers real-time glucose readings automatically and continuously while the FreeStyle Libre 3 mobile app enables users to view their real-time glucose levels, glucose history and trend arrows, indicating changes in their glucose levels.

Additionally, the FreeStyle Libre 3 system features a self-applied CGM sensor and offers 14-day wear-time.

The sensor can be easily applied with a one-piece applicator and can be worn on the back of the upper arm, unlike usual glucose monitors that need to be worn on the fingertip.

Abbott Diabetes Care senior vice-president Jared Watkin said: “Abbott won’t stop innovating when there’s room to raise the bar. We’ve done that again with FreeStyle Libre 3, the smallest sensor that delivers life-changing benefits and best-in-class accuracy.

“People living with diabetes are at the centre of our design process, and we made our next-generation technology even more discreet for a better user experience to make managing diabetes as easy and seamless as possible.”

The company said it has priced the new FreeStyle Libre 3 system the same as previous generations of the device to enable people living with diabetes to access and benefit from the significant technological advancements.

Watkin said: “Since we launched the first disposable glucose sensor in 2014, we’ve always believed all people with diabetes should have access to high-quality, accurate and affordable diabetes technologies.

“That’s why Abbott disrupted the traditional notion that CGMs have to sacrifice quality or accuracy for affordability, and we built our FreeStyle Libre family of products to deliver unparalleled results at a lower cost than any other CGM available.”

Abbott’s FreeStyle Libre portfolio is clinically proven to improve glucose control, increase time in target glucose range, decrease time in high glucose levels and low glucose levels, as well as reduce HbA1c and average glucose levels over a three-month period.

Moreover, the data also shows that the use of the FreeStyle Libre system reduces the number of diabetes-related hospital admissions and work absentee rates.

The FreeStyle Libre 3 system will be available in Europe in the next few months.

Last week, Abbott received CE Mark for fourth-generation MitraClip Transcatheter Mitral Valve Repair System, its latest minimally invasive mitral valve repair device.

Related Companies

Free Report
img

Medical Device Industry Landscape In Asia-Pacific

GlobalData's APAC Medical Devices Industry Landscape – 2022 free study breaks down the APAC medical devices market by segment and region and includes insights on local and global competitors, pipeline product developments, clinical trials studies, and significant deals in the industry. The APAC medical device industry witnessed significant developments, launches, implementations, and adoption of new medical device technologies in the past decade, however the high cost of devices, regulatory hurdles, reimbursement pressure, and healthcare budget constraints have challenged market expansion across various territories and segments. APAC is the fastest growing regional market for medical device clinical trials, with China and Japan emerging as major clinical trial hotspots. The growth in medical device clinical trials in the APAC region is attributed to an increase in research partnerships between biopharma companies and clinical research organizations (CROs). This report also provides an in-depth analysis of the medical device market's opportunities and challenges, the influence of COVID-19 on the market, and government activities aimed to develop the APAC medical device market.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The medical device industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Medical Device Network