Research Nester released a report titled “Non-Invasive Diabetes Monitoring Devices Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global non-invasive diabetes monitoring devices market in terms of market segmentation by device, by monitoring, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Diabetes is a commonly occurring disorder where the body does not produce sufficient amount of insulin and therefore the blood glucose levels rise abnormal levels. In order to monitor these levels, various diabetes monitoring devices are present in the market. According to the World Bank, the prevalence of diabetes among the population aged between 20 and 79 was estimated to be around 8.5% in 2017. The market for non-invasive diabetes monitoring devices is estimated to witness a significant CAGR during the forecast period, i.e., 2019-2027. The market is segmented by device, by monitoring, by end user and by region. On the basis of end user, the market is further segmented into hospitals, home care, clinics and others, out of which, the home care segment is anticipated to witness the highest growth rate during the forecast period. This can be attributed to the ease of using the devices and increased availability of non-invasive diabetes monitoring devices as over-the-counter products.
The market in North America is anticipated to hold the largest share in non-invasive diabetes monitoring devices market on account of rising adoption of unhealthy lifestyles among the population which is responsible for diabetes. Additionally, the growing demand for non-invasive devices is estimated to further increase the market growth. The market in Asia-Pacific region is anticipated to grow at the highest rate during the forecast period as a result of increasing diabetic population in the region and developing healthcare infrastructure.
High Demand For Non-Invasive Diabetes Monitoring Technology To Boost The Market Growth
The increasing demand for advanced technology for monitoring diabetes that is non-invasive in nature is a significant growth factor estimated to propel the market growth during the upcoming years. The unfavorable process of pricking a finger in order to check the blood sugar level is not desired by a majority of population, thereby resulting in the increasing demand for non-invasive devices.
However, the limited availability of glucose monitoring devices is estimated to be a restraining factor for the market growth during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global non-invasive diabetes monitoring devices market which includes company profiling of Diamontech GmbH, Abbott (ABT), Dexcom (DXCM), Cnoga, Integrity Applications (IGAP), Nemaura (NMRD), Tech4Life, AerBetic, LifePlus and MediWise. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global non-invasive diabetes monitoring devices market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.