Global Non-Invasive Glucose Monitor Market

Global Non-Invasive Glucose Monitor Market Size, Trends & Analysis with COVID-19 impact - Forecasts to 2026 By Component (Measuring Devices [Monitoring Patches {Fabric and Herbal Patches}, Continuous Monitoring Sensors, Smart Lenses, Smart Watches], Transmitter and Software/ Apps), By Site (Arm/ Wrist, Ear Lobe, Forefinger & Thumb, and Cornea/ Eye), By Application (Intensive Insulin Therapy, Hypoglycaemia and Diabetic Foot Ulcer Tracking) By End-User (Home Healthcare Setting, Healthcare Provider and Research Institutes), By Region (Europe, North America, MEA, Asia Pacific, CSA); Vendor Landscape, Company Market Share Analysis, End-User Landscape, and Competitor Analysis

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Non-Invasive Glucose Monitor Market Insights

The non-invasive glucose monitor market will create at a CAGR assessment of 10.5% from 2020 to 2026. Over 500 million people getting affected with diabetes, many players are involved in manufacturing easy, home-based continuous monitoring devices. Patients have to test their blood sugar levels many times, in a day to monitor the dosage and intensity of this lifestyle disorder. However, the patient usually conducts this test by pricking its finger with a lancet, which is painful and uncomfortable most of the times. To overcome this, the market has been witnessing dynamic changes in the type of product and service. Unlike the invasive and needle-based blood glucose monitor, the non-invasive blood glucose monitor is equipped with a smartphone app and a data transmitter to offer constant sugar monitoring levels. The sensors or patches are placed on the patient’s skin for a fixed period. The site for monitoring preferably is arms, wrist, eyes, and ear lobes. With the help of electromagnetic, radio waves, and ultrasonic & thermal waves, the sensors placed on the sweat of the skin, help monitor the sugar levels constantly.

Hence, rising preference for non-invasive, or needle-free continuous monitoring of sugar levels is the prime reason for this market to grow in the forecast period. In line with this, and considering the profit the market will gain for non-invasive testing in the forecast period, many players have launched a home based needleless blood glucose testing devices or sensors. However, the primitive driver of the growing geriatric diabetic population will be the sole reason for the market to excel in the coming years. Also, amid COVID-19, many patients are directed to be remotely monitored for continuous measurement of sugar levels which has and will wave off the painless glucose testing and patient-doctor clinic visits. Furthermore, rising awareness amongst patients for continuous non-invasive monitoring will help adopt advanced products such as patches, sensors, smart lenses, and monitoring devices.

Global Non-Invasive Glucose Monitor Market Size – Forecasts to 2026

Non-Invasive Glucose Monitor Market: By Component

Measuring devices [monitoring patches {fabric and herbal patches}, continuous monitoring sensors, smart lenses, and smart watches], transmitter and software/ apps are the components of the non-invasive blood glucose monitoring market. As per the market value, the measuring device segment will contribute the most from 2020 to 2026. The rising preference for painless blood sugar monitoring method will help the segment grow the most. Also, the high prevalence of type 1 diabetes or insulin-dependent diabetes amongst both the younger and geriatric population will lead the segment growth.

Non-Invasive Glucose Monitor Market: By Site

Non-invasive monitoring is done on various sites of the patient body. The sites are arm/ wrist, ear lobe, forefinger and thumb, and cornea/ eye. The arm/wrist site segment will be the largest shareholder in the market, due to availability of products and devices that monitor blood glucose level via placing the sensors and patches on the skin surface of arms or wrist. Moreover rising trend of using wearable monitoring devices (smartwatches) will support the market growth.

Non-Invasive Glucose Monitor Market: By Application

Based on the disease type, the market is segmented into intensive insulin therapy, hypoglycaemia, and diabetic foot ulcer tracking. The Hypoglycaemia application segment will be the major contributor in the market owing to its high prevalence in the developed and developing countries.

Global Non-Invasive Glucose Monitor Market Segmentation

Non-Invasive Glucose Monitor Market: By End-User

As per end-user analysis, home healthcare setting, and healthcare provider and research institutes. The home healthcare setting will be the largest market segment from 2020 to 2026. The major reason being, the COVID-19 impact on the remote monitoring market, and rising preference for home-based, point of care and needless or painless blood sugar testing.

Non-Invasive Glucose Monitor Market

Non-Invasive Glucose Monitor Market: By Region

The regional investigation study includes APAC, Europe, North America, MEA, and CSA. The Asia-Pacific region will be the major focal point for the players of the market. This is mainly attributed to, high prevalence of diabetes, patient preference for non-invasive monitoring devices, and high awareness for real-time monitoring of health amongst staying home patients and healthcare professionals. Notwithstanding, the North American area will in any case be the main fragment because of the high buying intensity of the patients for such creative gadgets.

Non-Invasive Glucose Monitor Market Share and Competitor Analysis

The key players in this market are Google, Abbott Diabetes Care, Medtronic, Apple, Alertgy, Integrity Applications, Senseonics, NovioSense BV, GENEXO, Nemaura Medical, Ambrosia Systems Inc., Glucology, Sano Intelligence, Biolinq, Echo Therapeutics, Siren, GraphWear, Socrates Health Solutions, FeetMe, Dexcom, Insulet Corporation, Diabeloop, mySugr, One Drop and EasyGlucose among others.

Please note: This is not an exhaustive list of companies profiled in the report.

In 2019, Nemaura Medical received FDA approval for its needless blood glucose monitoring kit for type 1&2 diabetes.

In June 2015, Abbott launched flash glucose monitoring system, for the Indian region. This product offers non-invasive glucose monitoring by sticking the patch on the patient’s skin of the arm.

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The Global Non-Invasive Glucose Monitor Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Non-Invasive Glucose Monitor Market

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Non-Invasive Glucose Monitor Market.

Non-Invasive Glucose Monitor Market

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Non-Invasive Glucose Monitor Market

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.

Non-Invasive Glucose Monitor Market

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