Non-Invasive Blood Glucose Monitoring Devices Market size was valued at USD 25.1 Million in 2022 and is expected to grow at a CAGR of 25.5% from 2023 to 2029, reaching nearly USD 119.2 Million.
Non-Invasive Blood Glucose Monitoring Devices Market Overview:
The Non-Invasive Blood Glucose Monitoring Devices Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The study’s purview covers a thorough analysis of the Non-Invasive Blood Glucose Monitoring Devices Market as well as the factors influencing regional differences in the industry’s rate of development.
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Market Scope:
Extensive primary research was conducted to acquire data and check and validate key figures once market engineering, which included market statistics computations, market size estimations, market projections, market breakdown, and data triangulation, was finished. Top-down and bottom-up strategies, as well as other data triangulation techniques, were frequently used throughout the market engineering process to conduct market estimating and forecasting for the overall market segments and sub-segments detailed in this research. All data gathered during the market engineering process are subjected to extensive qualitative and quantitative analysis in order to give crucial information throughout the report.
Drivers:
Multiple factors influence non-invasive blood glucose monitors. First, the prevalence of diabetes around the world has increased the need for reliable blood glucose monitoring systems. The market requires painless and handy alternatives because, second, conventional monitoring techniques are uncomfortable and cumbersome. Thirdly, non-invasive monitoring technologies are now possible because to enhanced sensors and data processing. Finally, some locations have favourable reimbursement regulations that make these devices more accessible to diabetics. The market for non-invasive blood glucose monitoring devices is examined in our research report.
Segmentation:
by Technology
Spectroscopy
Electromagnetic
Microwave
Ultrasonic
Thermal
Others
by End User
Hospitals
Homecare
Clinics
by Modality
Nonwearable
Wearable
Invasive
Non-invasive
by Distribution
Retail sales
Institutional sales
Key Players:
Primary and secondary research are used to identify industry leaders as well as to estimate market value. In-depth interviews with important thought leaders and industry professionals, including CEOs, marketing executives, and seasoned front-line staff were part of the core study. Primary research involved conducting in-depth interviews with significant thought leaders and industry professionals, including CEOs, marketing executives, and seasoned front-line staff. Secondary research involved examining the annual and financial reports of the key manufacturers. Percentage splits, market shares, growth rates, and breakdowns of the global market are computed using secondary data and then cross-checked against source data.
The biggest players in the Non-Invasive Blood Glucose Monitoring Devices Market are as follows:
1. Abbott Laboratories (United States)
2. Dexcom (United States)
3. Senseonics (United States)
4. GlySens (United States)
5. MediSense (United States)
6. C8 Medisensor (China)
7. iRhythm Technologies (United States)
8. Microchip Technology (United States)
9. Texas Instruments (United States)
10. Tandem Diabetes Care (United States)
11. OrSense (Israel)
12. Nemaura Medical (United Kingdom)
13. GlucoMe (Israel)
14. Wave Optics (United States)
15. Adiabatic Technology (United States)
16. AXIM Biomedical (United States)
17. Aribe Medical (South Korea)
18. AHT Biodevices (Canada)
19. Ataste Medical (Israel)
20. Biofourmis (United States)
21. Cnoga Medical (Italy)
22. GlucoTrack (Israel)
23. iHealth (China)
24. LifeScan (United States)
25. Medtronic (Ireland)
26. Sansure Medical (China)
27. Ypsomed (Switzerland)
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Non-Invasive Blood Glucose Monitoring Devices Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
Key Questions Answered in the Non-Invasive Blood Glucose Monitoring Devices Market Report are:
- In 2022, which segment held the highest proportion of the Non-Invasive Blood Glucose Monitoring Devices Market?
- What is the Non-Invasive Blood Glucose Monitoring Devices Market’s competitive landscape?
- What are the primary drivers assisting Non-Invasive Blood Glucose Monitoring Devices Market growth?
- Which region has the most market share in the Non-Invasive Blood Glucose Monitoring Devices Market?
- What will be the Non-Invasive Blood Glucose Monitoring Devices Market’s CAGR throughout the projected period (2023-2029)?
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COVID-19 Impact Analysis on Non-Invasive Blood Glucose Monitoring Devices Market:
Due to a break in operations, end-user sectors where Non-Invasive Blood Glucose Monitoring Devices Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Non-Invasive Blood Glucose Monitoring Devices Market manufacturers, impacting the growth of the Non-Invasive Blood Glucose Monitoring Devices Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Non-Invasive Blood Glucose Monitoring Devices Market.
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