Non-Invasive Blood Glucose Monitoring Devices Market Is Estimated To Surpass US$ 74.5 Million By 2026 with a CAGR of 35.0%| Coherent Market Insights

 

Non-Invasive Blood Glucose Monitoring Devices 

The rising incidence of diabetes, the ageing population, the active adoption of a sedentary lifestyle, and technological developments in non-invasive blood glucose monitoring are all contributing to the growth of the non-invasive blood glucose monitoring market globally. According to the International Diabetes Federation, there were around 425 million adult diabetics worldwide in 2017. By 2045, that number is projected to increase to 629 million, which is predicted to increase demand for non-invasive blood glucose monitoring devices. Another significant aspect that is anticipated to speed the growth of the Non-Invasive Blood Glucose Monitoring Devices Market is the introduction and quick adoption of remote patient monitoring devices.

The Global Non-Invasive Blood Glucose Monitoring Devices Market Size Was Valued At US$ 5.1 Million In 2017, And Is Expected To Witness A CAGR Of 35.0% Over The Forecast Period (2018 – 2026).

The Non-Invasive Blood Glucose Monitoring Devices Market is expanding mostly because to the rising prevalence of diabetes and the expansion of government programmes, while market growth may be hampered by factors like product recalls that have a negative impact. The important market drivers and the influence of the COVID-19 pandemic on the non-invasive glucose monitoring devices business have been determined by our research experts after studying historical data. To achieve a competitive edge, end goals can be determined and marketing strategies can be improved with the aid of a comprehensive analysis of the drivers.

The main reasons propelling the growth of the global non-invasive glucose monitoring devices market are the rising prevalence of diabetes and the expanding number of government programmes for non-invasive treatments. The global diabetic population is also significantly impacted by the ageing elderly population. These age groups' inhabitants are delicate to invasive diagnostic or monitoring techniques. The sales of non-invasive gadgets that monitor blood glucose levels are rising dramatically as a result of these considerations.

The development of diabetes is significantly influenced by genetic factors. In addition, sedentary behaviours like physical inactivity and obesity contribute to the rising incidence of diabetes. In order to diversify their product lines and raise their market awareness, vendors are also introducing new products. During the anticipated period, Non-Invasive Blood Glucose Monitoring Devices Market expansion would be aided by the rising number of awareness initiatives to raise awareness about preventative care and the frequent monitoring of blood glucose levels for diabetes management.

 

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