As per this study, the Global Non-Invasive Blood Glucose Monitoring Devices Market was valued USD XX MN (by revenue) in 2018 and is anticipated to reach USD XX MN by 2025 with a CAGR of XX%.
Non-invasive blood glucose monitoring devices measure the blood glucose level in diabetes patients. Non-invasive glucose monitoring refers to the measurement of blood without puncturing the skin or causing pain or trauma to the consumer, this is the reason behind the popularity of non-invasive devices. Non-invasive measurement of blood glucose concentration improves the level of blood sugar control and quality of diabetes patient’s life. In addition to, it is used for both Type1 and Type2 type of diabetes patients.
The increasing number of diabetes patients in all age group across the globe is pushing the demand for non-invasive blood glucose monitoring devices market. The rising trend of homecare application in the healthcare sector is driving the market growth. And, the growing need for economic, compact, painless and convenience measuring device for measuring blood glucose level among consumers is also fueling the demand in the market. In addition, raising the probability of infectious diseases from the needle used for measuring blood glucose, is again a factor propelling the non-invasive devices market. Also, the technological advancements such as detection of glucose level using tears of eyes and by pH level of patients sweat are further growth opportunities in non-invasive blood glucose monitoring devices market. Whereas, the non-invasive monitoring devices use multivariate regression analysis which needs to be changed for accurate detection of blood glucose levels so that it leads to better disease management.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of non-invasive blood glucose monitoring devices.
The broad non-invasive blood glucose monitoring devices market has been sub-grouped into technology, modality and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- MIR/NIR (Mid/Near Infrared Spectroscopy)
- Raman Spectroscopy
- Occlusion Spectroscopy
- Optical Coherence Tomography
- Thermal Emission Spectroscopy
- Photoacoustic Spectroscopy
- Impedance/Dielectric Spectroscopy
- Wearable Blood Glucose Monitoring Systems
- Non-wearable /Table top Blood Glucose Monitoring Systems
- Home Care Settings
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for non-invasive blood glucose monitoring devices in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Non-Invasive Blood Glucose Monitoring Devices Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the non-invasive blood glucose monitoring devices market include Abbott, Animas Technologies, Bayer Healthcare, Bayer Healthcare, Cercacor, OrSense, and Pendragon Medical. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.