DXCM - 3 Diabetes Monitoring Companies That Are Recession-Proof
Companies that make continuous glucose monitors (CGMs) -- devices that diabetic patients wear to monitor the level of glucose in their blood -- have been largely unaffected by the COVID-19 concerns that have slammed other medical device companies.
Diabetic patients don't have the option of putting off care. Daily monitoring of blood sugar levels is essential to controlling the disease, which is the seventh-leading cause of death in the U.S., according to the Centers for Disease Control and Prevention (CDC).
The CDC says that in the past 20 years, the number of adults diagnosed with diabetes has more than doubled as Americans have aged and become, on average, more obese.