Global Non-Invasive Blood Glucose Monitoring Devices Market Overview:
Non-invasive blood glucose monitoring devices is a medical device that is used to measures blood glucose levels in patients suffering from diabetes, without puncturing the skin, or causing pain or trauma.Glucose monitoring devices market is driving due to the need of an economic, compact, painless and convenience for the patients to use. Some of the key players profiled in the study are Abbott Laboratories (United States), Medtronic Public Limited (United States), Nemaura Medical, Inc. (United Kingdom), Echo Therapeutics, Inc. (United States), Medical Wireless Sensing Ltd. (MediWiSe) (United Kingdom), DexCom, Inc. (United States), Integrity Applications, Inc. (Israel), Cnoga Medical Ltd (Israel) and LifeScan Inc. (Johnson & Johnson (United States).
On the basis of geography, the market of Non-Invasive Blood Glucose Monitoring Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Modality, the sub-segment i.e. Wearable Blood Glucose Monitoring Systems will boost the Non-Invasive Blood Glucose Monitoring Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Incidence of Diabetes Especially Among Obese Population
- Increase in Number of Collaboration and Funding To Support Diabetes Research
Market Trend
- Development and Innovation In Non Invasive Blood Glucose Monitoring Devices
Restraints
- High Cost of Blood Glucose Monitoring Devices and Rise in Economic Burden for Diabetes
- Poor Reimbursement for Blood Glucose Monitoring System and Supplies
Opportunities
- Rising Demand For Smart and Bluetooth enabled Blood Glucose Meter
Challenges
- Stringent Regulations and Registration Process
- Complex Procedures to Calibrate Glucose Measurement Results Prior To Use
WHO aims to stimulate and support the adoption of effective measures for the surveillance, prevention and control of diabetes and its complications, particularly in low and middle-income countries. It provides guidelines for prevention of major non communicable diseases including diabetes. It also develops norms and standards for diabetes diagnosis and care.
Target Audience:
Blood Glucose Monitoring Systems and Related Devices Manufacturers, Suppliers and Distributors of Blood Glucose Monitoring Systems, Hospitals, Diagnostic Centers, Homecare Service Providers, and Medical Colleges, Teaching Hospitals and Academic Medical Centers, Government Bodies/Municipal Corporations, Business Research and Consulting Service Providers and Venture Capitalists
Major Objectives Focused through this Study
To define, describe, and forecast the Global Non-Invasive Blood Glucose Monitoring Devices market on the basis of product [Spectroscopy Monitoring, Optical Coherence Tomography Monitoring, Electromagnetic Monitoring, Polarimetry Monitoring and Others] , application [Hospitals, Clinics, Home Care Settings and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Non-Invasive Blood Glucose Monitoring Devices market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Non-Invasive Blood Glucose Monitoring Devices industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Cercacor (United States) and OrSense Ltd. (Isreal).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Non-Invasive Blood Glucose Monitoring Devices market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.