Non-Invasive Blood Glucose Monitoring Devices Market by Technology (Bio-impedance spectroscopy, Electromagnetic sensing, Fluorescence, Mid-infrared/Near infrared spectroscopy, Optical coherence tomography, Optical polarimetry, Raman spectroscopy, Reverse iontophoresis, Ultrasound technology), Modality (Wearable, Non-wearable / table top), End User (Hospitals & Clinics, Diagnostic Centers, Homecare Setting) Forecast to 2014 to 2023
Industry Outlook and Trend Analysis
The Non-Invasive Blood Glucose Monitoring Devices Market is expected to witness considerable growth during the forecast period. Non-invasive blood glucose monitoring devices measures blood glucose levels in patients experiencing diabetes, without puncturing the skin, or causing agony or injury. The successive change in blood glucose levels in diabetic patients must be followed by the glucose monitoring devices. Glucose monitoring devices can be obtrusive or non-intrusive yet the Non-invasive blood glucose monitoring devices market is expanding because of the need of a financial, reduced and easy and accommodation for the patients to utilize. Non-invasive blood glucose monitoring devices glucose observing holds incredible guarantee for enhancing diabetes administration by giving better and torment free blood glucose estimation prompting development of Non-invasive blood glucose screen showcase in the gauge time frame.
Drivers & Restrains
The worldwide non-invasive blood glucose monitoring devices market is required to be helped by the expanding diabetes pervasiveness. As per World Health Organisation (WHO), in 2014, diabetes mellitus is an overall scourge ailment influencing 422 million individuals and seventh driving reason for death in US. The glucose grouping of diabetic patients varies fundamentally for the duration of the day which can prompt genuine results like kidney disappointment, strokes, heart assaults, hypertension, visual deficiency and unconsciousness. These request the mechanically propelled gadgets for visit checking of blood glucose levels. Also, the intrusive methods of blood glucose screen are difficult and costly when contrasted with non-invasive blood glucose monitoring devices; this makes the device, as the gadget of decision among the patients. Besides, the high level of prediabetes patients, a condition were blood glucose levels are high however not adequate to recognize the diabetes, will likewise move the non-invasive blood glucose monitoring devices market in the figure time frame. As indicated by NIDDK, in 2015, 33.9% of US grown-ups are assessed to be prediabetes, at expanded danger of developing type 2 diabetes.
Regional Outlook and Trend Analysis
North America is expected to witness considerable growth over the forecast period. North America is relied upon to be overwhelming district as for non-invasive blood glucose monitoring devices market because of high predominance of ailment in geriatric population which is 25.2 % in US population according to American Diabetes Association of year 2015.
The leading players in the market are Hoffmann-La Roche Ltd., Integrity Applications, Inc., Abbott Laboratories and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Non-Invasive Blood Glucose Monitoring Devices Market is region-wise segmented as follows-
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?