Non-invasive Glucose Monitoring Devices Market Analysis 2021-2025: North America will Lead Market Growth
The non-invasive glucose monitoring devices market share will post an incremental growth of USD 11.35 million, progressing at a CAGR of 11.05% during the forecast period. The increasing prevalence of diabetes will offer immense growth opportunities to market vendors. The non-invasive glucose monitoring devices market is fragmented, and the vendors are deploying growth strategies such as using low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Non-invasive Glucose Monitoring Devices Market by Product and Geography - Forecast and Analysis 2021-2025” provides a detailed market analysis of the prevalent market forces, trends, and challenges that are likely to impact the market in focus.
The non-invasive glucose monitoring devices market is segmented by product (wearable and non-wearable) and geography (North America, Europe, Asia, and ROW).
The growth of the non-invasive glucose monitoring devices market in the wearable segment will be significant during the forecast period. Factors such as the increasing prevalence of diabetes, technological advancements, the presence of strong vendors, and new product launches will facilitate the non-invasive glucose monitoring devices market growth.
By geography, 56% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets. Factors such as the increasing prevalence of diabetes, the rising number of product launches, the growing presence of regional and global vendors, and initiatives by government and non-profit organizations in creating awareness about diabetes prevention and management will increase the non-invasive glucose monitoring devices market size in North America.
Factors such as the increasing prevalence of diabetes and the growing number of government programs will directly influence the sales of the non-invasive glucose monitoring devices market. In addition, the integration of AI and RADAR technology in glucose monitoring is one of the major non-invasive glucose monitoring devices market trends that will have a positive impact on market growth. However, factors such as the high costs associated with non-invasive glucose monitoring devices will hamper the non-invasive glucose monitoring devices market growth.
Some of the major non-invasive glucose monitoring devices market vendors are BOYDSense Inc., Cnoga Medical Ltd., DiaMonTech AG, Evia Medical Technologies, Integrity Applications Inc., MediWiSe Ltd., Medtronic Plc, Nemaura Medical Inc., RISE Life Science Corp., and Taiwan Biophotonic Co.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.
Precise market size estimation during the forecast period 2021-2025.
CAGR of the non-invasive glucose monitoring devices market forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the non-invasive glucose monitoring devices market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the non-invasive glucose monitoring devices market.
Non-invasive glucose monitoring devices industry growth across North America, Europe, Asia, and ROW.
