Non-Invasive Blood Glucose Monitoring Devices Market
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Non-Invasive Blood Glucose Monitoring Devices Market Driver
The global non-invasive blood glucose monitoring devices market is expected to be boosted by the increasing diabetes prevalence. According to World Health Organisation (WHO), in 2014, diabetes mellitus is a worldwide epidemic disease affecting 422 million people and seventh leading cause of death in US. The glucose concentration of diabetic patients fluctuates significantly throughout the day which can lead to serious consequences like kidney failure, strokes, heart attacks, high blood pressure, blindness and coma. These demand the technologically advanced devices for frequent monitoring of blood glucose levels. Moreover, the invasive techniques of blood glucose monitor are painful and expensive as compared to non-invasive blood glucose monitoring device, this makes non-invasive blood glucose monitoring device as the device of choice amongst the patients. Furthermore, the high percentage of prediabetes patients, a condition were blood glucose levels are high but not sufficient to detect the diabetes, will also propel the non-invasive blood glucose monitoring device market in the forecast period. According to NIDDK, in 2015, 33.9% of US adults are estimated to be prediabetes, at increased risk of developing type 2 diabetes.
Traditional glucose detection device based on electrochemical sensors which requires a small amount of blood sample by finger pricking makes the method inconvenient and painful, which demanded emergence of non-invasive blood glucose monitor device. Currently, non-invasive blood glucose monitors are under great technological advancement to overcome this challenges in currently available glucose monitor. For instance, in March 2018, Nemaura Medical Inc. developing the wireless sugarBEAT, a non-invasive blood glucose monitoring system, received positive results from European clinical trial program which makes a significant milestone towards commercialization of sugarBEAT in the UK, followed by other territories upon achieving CE approval. Furthermore, research institutes and universities are also engaged in developing novel non-invasive blood glucose monitor device. For instance, in February 2018, the researchers from Ulsan National Institute of Science and Technology (UNIST) developed a smart lens. The smart lens has inbuilt pliable, transparent electronic glucose monitor which can detect the glucose levels using tears of eyes. Moreover, in same year, Glasgow University developed a wearable sweat-monitoring sensor which uses pH levels of patient’s sweat. Furthermore, rapid advancements in smart-watches and smartphones will also propel the non-invasive blood glucose monitoring device market.
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Non-Invasive Blood Glucose Monitoring Devices- Regional Analysis
On the basis of region, the global non-invasive blood glucose monitoring device market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to be dominant region with respect to non-invasive blood glucose monitoring device market due to high prevalence of disease in geriatric population which is 25.2 % in US population as per American Diabetes Association of year 2015.
Non-Invasive Blood Glucose Monitoring Devices Market - Competitors
The major players for non-invasive blood glucose monitoring device market are Abbott Laboratories, F. Hoffmann-La Roche Ltd., Integrity Applications, Inc., Bayer Healthcare, Pendragon Medical, Animas Technologies, Omron and OrSense.
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