Global Non-Invasive Glucose Monitoring Devices Market 2019-2023

Posted by sarahbennu on December 11th, 2019

The global non-invasive glucose monitoring devices market size is poised to grow by USD 14.01 million during 2019-2023, according to a new report by Technavio, progressing at a CAGR of over 11% during the forecast period.

The market is driven by the increasing demand for non-invasive procedures. In addition, the increasing prevalence of diabetes and the growing number of government programs are expected to further boost the growth of the non-invasive glucose monitoring devices market.

The increasing demand for non-invasive procedures is one of the major reasons for the growth of the non-invasive glucose monitoring devices market. The demand for non-invasive procedures is increasing mainly due to their ease of operation, fewer side-effects, and minimum discomfort. Non-invasive glucose monitoring devices are increasingly being used as alternatives to conventional blood glucose monitoring devices as the latter method causes pain and discomfort to patients. Thus, the demand for non-invasive glucose monitoring devices is expected to increase, which will drive market growth during the forecast period.

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The prevalence of diabetes has increased significantly over the years. Diabetes is a chronic, life-threatening condition characterized by high levels of glucose in the blood. Sedentary lifestyles such as physical inactivity and obesity are the main factors responsible for the increasing prevalence of diabetes. This is increasing the demand for non-invasive glucose monitoring devices, which offer pain-free monitoring. Thus, the rising prevalence of diabetes will fuel the growth of the market during the forecast period.

The report includes detailed profiles of the leading companies & prominent vendors of the market:

• Abbott Laboratories
• Cnoga Medical Ltd.
• Evia Medical Technologies
• Helo Corp.
• RISE Life Science Corp.

Market Segmentation by Product:

The non-invasive glucose monitoring devices market can be broadly categorized into the following segments:

• Wearable devices
• Non-wearable devices

Key Regions for the Non-invasive glucose monitoring devices Market:

Featuring a breakdown of region-wise market shares until 2019.

• North America
• Europe
• Asia
• ROW

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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