The role of non-invasive therapy for diabetes market has been on a positive growth path in healthcare industry since 2014. Though the non-invasive therapy concept was brought way back in 1980, the market has not gained much attention leading to development of fewer such devices. DexCom's seven system and Medtronic's Guardian real-time glucose monitoring system are two such products developed and marketed worldwide. The influx of non-invasive therapy has reinforced the diabetes market in various ways ranging from economical cost incurred to patient treatment outcomes.

Many leading players along with new entrants are venturing in the market to capitalize and generate high ROI. As a result, noninvasive therapy market is expected to witness double digit growth rate over the forecast period.
The report covers market analysis across regions – North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Market Dynamics:

The World Health Organization projects diabetic population to reach 336 Mn by 2030 from 270 Mn in 2015. Increase in incidence rate of diabetic population will demand for non-invasive medication is expected to create favorable market opportunities for the players globally. Moreover, improving healthcare access along with focus on R&D could spur the overall non-invasive market size. Some companies are engaged in development of non-invasive system on photonic technology and occlusion spectroscopy technology.

The market will be further driven by changing macroeconomics and consumer preference. Healthcare expenditure has increased in developing regions. Large consumer base along with changing lifestyle is expected to create substantially new market opportunities for early entrants.

Regional Analysis:

Among regions, North America is expected to dominate the market throughout the forecast period. Moreover, North America is expected to grow at a fastest rate owing to high spending on R&D and presence of leading companies in the region. Prevalence rate of diabetes is high compared to other regions.
As per the initial study carried out by CA, North America and Europe are expected to account for over 65% of overall functional non-invasive diabetes therapy market. Healthcare providers are seeking this technology to manage the growing demand for diabetes. Growth in these regions is expected to be further driven by macroeconomic factors. The region as a whole spends over 5% of its GDP on research and GDP. Moreover, healthcare spending is highest in this region with North America accounting for 16.7% and Europe 10% of overall GDP in 2015.

Asia Pacific is expected to be driven by China and India. According to International Diabetes Federation, over 490 million people in China are suffering from diabetes. Country is pushing toward healthcare reforms. Many companies are emerging in the region. As a result.

Competition Landscape:

Some key players engaged in the market are Bio Tex, Calisto Medical, DexCom, Bayer, ACON Laboratories, B. Braun Melsungen, etc.

ABOUT US

COMPANY OVERVIEW

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. Our global team of over 100 research analysts and freelance consultants provide market intelligence from the very molecular country level and also provide a global perspective of the market. Our team is of the most vital cog in our robust machinery that gives us the ability to deliver independent insight relying on our cognitive defusion training module.This allows for an objective and unbiased assessment of the market. We pride ourselves in my constantly striving to update our extremely in-depth understanding of the market by closely monitoring and analyzing markets, trends, and emerging best practices, across allfathomable industries under the sun. This enables us to equip our valued clientele with key decisive inputs to capitalize on lucrative growth opportunities in the market and to follow firmly position themselves on a high growth path in the future.