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Non-invasive glucose monitoring system is a medical device that has the ability to measure the blood glucose of diabetes patients without the need to prick the skin and draw blood. The increasing prevalence of diabetes and the rising awareness of diabetes-related complications are driving the market growth. Further, these devices can enable early detection of blood sugar fluctuations without causing discomfort, thereby contributing to their market demand. Moreover, the growing elderly population, the rise in innovative product launches, and the supportive regulatory policies that expedite the entry of novel devices are anticipated to influence the non-invasive glucose monitoring market dynamics.
According to the IDF (International Diabetes Federation) Diabetes Atlas, around 783 million people, or 1in 8 adults are projected to live with diabetes by 2045. Further, type 2 diabetes occurs in more than 90% of people having diabetes. The increasing prevalence of diabetes, propelled by factors such as the growing elderly population, sedentary lifestyle, and rising obesity rates, is poised to boost the demand for convenient glucose monitoring solutions including non-invasive glucose monitoring devices.
Based on the application, the market segmentation includes hypoglycemia and diabetic foot ulcer tracking, among others. Hypoglycemia or low blood sugar is a common condition linked with diabetes, especially among people undergoing insulin therapy. Non-invasive glucose monitors help in real-time tracking of blood glucose levels, thereby aiding in the prevention of hypoglycemia episodes. The increasing number of cases of type 1 diabetes and the rising demand for real-time glucose tracking are likely to support the growth of this segment.
The market report also offers insights based on product type, end-user, and region.
The market report offers insight into various geographical locations, including North America, Europe, Asia Pacific, Latin America along with Middle East and Africa. North America dominates the market share owing to the high prevalence and incidence of diabetes and the rapid adoption of innovative medical technologies. The market also benefits from the presence of key market players and a well-established healthcare infrastructure. Further, favorable government initiatives supporting diabetes management and the rising preference for non-invasive solutions to track blood glucose levels are anticipated to aid the market growth in the region.
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