Latest News- Non-Invasive Glucose Monitoring Devices Market: Wearable is expected to lead the Product segment during 2025-2029

The Non-Invasive Glucose Monitoring Devices Market is being driven by Increasing prevalence of diabetes and initiatives by governments

The Non-Invasive Glucose Monitoring Devices Market is expected to grow at a CAGR of 20.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 43.7 million. Companies are implementing strategic business initiatives, such as partnerships and geographic expansion, to boost sales, broaden their market reach, and solidify their market positions in the non-invasive glucose monitoring devices market. These strategies enable companies to meet the anticipated demand resulting from new product launches, like sugarBEAT, in Europe, the Middle East, and Australia. Additionally, distribution agreements are being established to enhance product accessibility and extend market presence, thereby fueling the growth of the global non-invasive glucose monitoring devices market throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Wearable
  • Non-wearable
• End-user
  • Home care settings
  • Hospitals
  • Clinics
• Component
  • Measuring device
  • Transmitter
  • Software or app
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia
    • China
    • India
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of diabetes and initiatives by governments
• Frequent launch of non-invasive glucose monitoring devices
• Increasing demand for non-invasive procedures

However, the market also witnesses some limitations, which are as follows:

• Non-invasive glucose monitoring device product recalls
• High costs associated with non-invasive glucose monitoring devices
• Intense competition and strong presence of conventional blood glucometer

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Market Scope in Non-Invasive Glucose Monitoring Devices Market Research Report

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Research Analysis Overview

The Non-Invasive Glucose Monitoring Devices Market encompasses innovative technologies such as interstitial fluid monitoring and subcutaneous glucose sensors. These devices utilize advanced sensors, including electrochemical and optical, for real-time glucose level detection. Wireless communication via Bluetooth and smartphone integration enable data storage, sharing, and patient education. Companies in this sector focus on R&D, product differentiation, and value proposition, employing pricing strategies and distribution channels to boost brand awareness and customer retention. Lifestyle modifications like dietary changes and exercise regimens are integral to the market's growth, driven by continuous innovation in the pipeline.

Market Research Overview

The Non-Invasive Glucose Monitoring Devices Market is a significant segment of the global healthcare equipment industry, according to Technavio's market research. This market encompasses Continuous Glucose Monitoring (CGM) systems, which consist of sensors, transmitter devices, and calibration procedures. Manufacturers of these devices contribute to the larger healthcare equipment market, which includes capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. Technavio sizes the healthcare equipment market based on the combined revenue generated by these manufacturers. In the Non-Invasive Glucose Monitoring Devices Market, CGM sensors continuously measure and transmit glucose readings to a transmitter device for data interpretation and transmission to healthcare providers for analysis and treatment decisions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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