Growing demand for portable self-glucose measuring devices is projected to fuel the Non-Invasive Glucose Monitoring Devices Market

The research report "Non-Invasive Glucose Monitoring Devices Market: By Technology (Raman Spectroscopy, MIR/NIR (Mid/Near Infrared Spectroscopy), Optical Coherence Tomography, Occlusion Spectroscopy, Thermal Emission Spectroscopy, Impedance/Dielectric Spectroscopy, Photoacoustic Spectroscopy, Electromagnetic, Fluorescence, Polarimetry), By Modality ( Wearable, Non-Wearable), By End User (Hospitals, Diagnostic centres, Home Care, Ambulatory surgical centres), By Geography-Global/Region/Country Forecast to 2028." Global non-invasive glucose monitoring devices market was valued at USD 15 Mn till 2021 and anticipated to grow at USD 94.1 Mn till 2028 growing at a CAGR rate of 30% during the forthcoming years 2022-2028.

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Growing R&D investment and government funding to treat and prevent diabetes is anticipated to drive the Non-Invasive Glucose Monitoring Devices Market:
There are several major players working in the non-invasive glucose monitoring devices market, which are highly fragmented. These players invest on product innovations to maintain their place in the competitive market. Moreover, acquisitions and collaborations are the major strategies adopted by these players to increase their market share. For example, NovioSense had created smaller than usual electrochemical sensor in 2014 which empower non-obtrusive glucose checking and is equipped to spot out glucose focus in human tears. Expanding FDA endorsement and technological progression to observe gadgets is needed for providing lucrative development changes to showcase players in upcoming period. For instance, development of new gadget like GlucoTrack is a non-obtrusive blood glucose screen, which clasps to ear cartilage as a result dispose the need for day by day finger pricks. Non-invasive blood glucose monitoring devices make use of a painless approach for tracking the glucose level of a patient on constant basis.

Non-invasive blood glucose monitoring devices require fewer finger sticks and allow data to be easily transferred and shared for further analysis. Patients can use these gadgets at home to monitor their blood glucose levels. Noninvasive glucose monitoring reduces the necessity for unpleasant pricking, which increases the risk of infection and the amount of damage to finger tissue. Increasing cases of diabetic patients globally is fuelling the non-invasive glucose monitoring devices market.

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North America got major share in the Non-Invasive Glucose Monitoring Devices Market:
On the basis of regional analysis, this market is classified into different regions such as Europe, North America, , Latin America, Asia Pacific, Middle East and Africa. Among these regions, North America region is anticipated to be the leading market for non-invasive glucose monitoring devices market and growing at considerable rate during the future period. Europe is also anticipated to witness considerable growth rate due to the lifestyle changes and adaptability of home care diagnosis. Growing consciousness about diabetes consequences like cardiac related illnesses and government and non-government organization initiatives to spread consciousness in early diabetes diagnosis are the factor anticipated to fuel the Asia Pacific market growth at highest rate.

Competitive Analysis - Non-Invasive Glucose Monitoring Devices Market:
Major players working in the non-invasive glucose monitoring devices market are Abbott Laboratories (U.S.), ARKRAY, Inc. (Japan), Bayer AG (Germany), Dexcom, Inc. (U.S.) and Hoffmann-La Roche Ltd (Switzerland).

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