Non-Invasive Glucose Meter Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Global demand for non-invasive glucose meter market was valued at approximately USD 130 million in 2018 and is expected to generate revenue of around USD 203 million by end of 2025, growing at a CAGR of around 6.6% between 2019 and 2025.

10-Jul-2019 | Number of pages: 110 | Report Code: ZMR-4374 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the non-invasive glucose meter market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the non-invasive glucose meter market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and various trends in the non-invasive glucose meter market on a global level.

As per the report, the global demand for non-invasive glucose meter market was valued at approximately USD 130 million in 2018 and is expected to generate revenue of around USD 203 million by end of 2025, growing at a CAGR of around 6.6% between 2019 and 2025.

Worldwide demand for minimal invasive devices is growing at a rapid pace. Global demand for non-invasive glucose meter is expected to be driven by increasing prevalence of diabetes across the globe owing to changing lifestyle habits, sedentary lifestyle, lack of physical activity, changing eating habits, genetic factors, etc. Continuous glucose monitoring has become an utmost importance in diabetic population in order to avoid high blood glucose levels and related complexities. Additionally, increasing preference for non-invasive continuous glucose monitoring, growing health awareness, and wide adoption of technologically advanced products are expected to be major factors attributing to the growth of non-invasive glucose meter market. However, high prices of non-invasive glucose meter and stringent regulatory requirements may act as a restraint for non-invasive glucose meter market growth. Emerging countries and increasing geriatric population are expected to bring new growth opportunities for non-invasive glucose meter market.  

Based on type, the market is segmented into wearable device, handheld, and other types. Handheld type segment held the largest market share in 2018 whereas the wearable device type segment is expected witness highest CAGR during the forecast period. Wearable devices offer continuous glucose monitoring and can be used without any inconvenience by the user thus promoting the growth rate of the market in the coming years.

Based on technology, market is segmented into Raman Spectroscopy, Near Infrared Spectroscopy (NIRS), Photo-acoustic Spectroscopy (PA), Optical Coherence Tomography (OCT), Mid -Infrared Spectroscopy (Mid-IRS) and Other Technologies.

Hospitals and clinics, home care settings, and others are the end-users of the non-invasive glucose meter market. Hospitals and clinics end-user segment dominated the market in terms of revenue in 2018 owing to the growing adoption of cutting edge products to deliver advanced health care services to patients and availability of large patient pool. Home care settings end-user segment is expected to witness highest growth rate over the forecast period.

North America dominated the global non-invasive glucose meter market and accounted for almost 42% market share in 2018. North America region is projected to lead the market over the forecast period with growth mostly concentrated in the U.S. market. Increasing prevalence of diabetes, increasing geriatric population, presence of major manufacturers in this region are major factors that attribute to largest revenue share. Europe was the second largest non-invasive glucose meter market in 2018 globally. Favorable reimbursement policies, surge in demand for cutting edge non-invasive products for continuous glucose monitoring, increasing diabetic population base are other major factors driving the demand for non-invasive glucose meter in Europe. Asia Pacific is estimated to be growing at the highest CAGR in the coming years. Rapid growth in this region is attributable to increasing diabetic population, growing health awareness among patients, growth in geriatric population in emerging economies like China and India, etc. Latin America is projected to grow moderately, however poor healthcare infrastructure in the Middle East and Africa will lead to slow market growth.

Some of the key players in non-invasive glucose meter market include Animas Technologies, Abbott, Life Scan, Bayer Healthcare, Pendragon Medical, Cercacor, Biophotonic Corporation, DexCom, OrSense, MediWise, Integrity Applications Incorporate, Cnoga Care, Roche Diagnostics and Nemaura Medical Inc. among others.

Global Non-Invasive Glucose Meter Market: By Type

  • Wearable Device
  • Handheld
  • Other Types

Global Non-Invasive Glucose Meter Market: By Technology

  • Raman Spectroscopy
  • Near Infrared Spectroscopy (NIRS)
  • Photo-acoustic Spectroscopy (PA)
  • Optical Coherence Tomography (OCT)
  • Mid -Infrared Spectroscopy (Mid-IRS)
  • Other Technologies

Global Non-Invasive Glucose Meter Market: By End-User

  • Hospitals and clinics
  • Home Care Settings
  • Other End Users

Global Non-Invasive Glucose Meter Market: By Region

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Reprocessed Medical Device Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Jul-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4385 | Report Format:

The report covers forecast and analysis for the reprocessed medical device market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the reprocessed...Read More

Laparoscopic Electrodes Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Jul-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4375 | Report Format:

The report covers forecast and analysis for the laparoscopic electrodes market on a global and regional level. The study provides historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints for the laparoscopic e...Read More

Dialyzer Market: Global Industry Perspective, Comprehensive Analysis and Forecast, 2018-2025

Jul-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4368 | Report Format:

The report covers forecast and analysis for the dialyzer market on a global and regional level. The study highlights historic data from 2015 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD billion). The study includes drivers and restraints for the dialyzer market along with ...Read More

IoT Medical Devices Market by Product (Blood Pressure Monitor, Cardiac Monitor, Glucometer, Infusion Pump, and Pulse Oximeter), by Type (Wearable, Stationary, and Implantable), by Connectivity Technology (Zigbee, Bluetooth, and Wi-Fi), and by End-User (Hospitals and Clinics, Long-Term Care Centers & Homecare Centers, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jul-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4356 | Report Format:

The report covers a forecast and an analysis of the IoT medical devices market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes drivers and restraints of the IoT medical d...Read More

Surgical Tourniquets Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4342 | Report Format:

Global Surgical Tourniquets Market: Overview Surgical tourniquets are used by physicians to work on some part of the body in a proficient way preventing the flow of blood to that specific part. Surgical tourniquets are used during accidents for preventing death caused as a result of blood loss. ...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.