Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the market.
Increasing Ageing Population and Surge in Covid-19 Cases To Drive Market Growth
According to the United Nations, it is estimated that by 2050, every one in six people will be 65 years or older, i.e., 16% of the total world population. Along with this, the number of persons above 80 years or older is also projected to triple by the end of 2050.
Age is one of the most predominant risk factors for any kind of disease. It has been observed that persons 65 years of age or older are more vulnerable to getting severely affected by Covid-19. Additionally, the rising need to build a strong healthcare infrastructure by developing countries is also expected to boost the market growth in upcoming years. However, disruption of supply chain and logistics due to the rapid spread of Covid-19 and lack of government spending in healthcare in lower economic regions are some of the factors that are estimated to restrain market growth in the near future.
The non-invasive glucose-monitoring market is projected to grow with a high CAGR during the forecast period, i.e., 2020-2029 on account of the increasing elderly population and the rising incidence of Covid-19. As per World Health Organization, till 8th April 2021, there have been 132,730,691 confirmed cases of Covid-19, including 2,880,726 reported deaths.
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The market is segmented by equipment type into [beds (electric, semi-electric, low beds, manual, and others) and stretchers (four-fold stretcher, neck up cervical collar, self-loading stretcher, integrated pediatric and adult spine board, and others]. Among these segments, the Non-Invasive Glucose-Monitoring segment is anticipated to hold the largest share by the end of 2021 in the non-invasive glucose-monitoring. as a result of its high demand for non-invasive glucose
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, out of which, the non-invasive glucose monitoring market in the Asia Pacific is projected to grow at the highest CAGR throughout the forecast period. Currently, the market in North America holds the largest share. This can be attributed to the presence of leading manufacturers in the region, especially in the United States, who are extensively involved in the research and development of innovative equipment.
This report also provides the existing competitive scenario of some of the key players of the non-invasive glucose-monitoring market which includes company profiling of Nemaura Medical, Metamaterial Inc., BOYDSense SAS, LifePlus, Inc., Integrity Applications, AerBetic, RSP Systems A/S, Cnoga Medical Ltd.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the non-invasive glucose-monitoring that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities, and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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