Global Glucose Sensor Market: Drivers
Increasing number of pipeline studies to develop new glucose sensors is expected to boost the glucose sensor market growth. For instance, in April 2018, University of California San Diego, in collaboration with National Institutes of Health (NIH), initiated the clinical study for adhesive glucose sensor to measure sweat glucose of patients with diabetes. The main aim of this clinical study is to explore the accuracy and acceptability of a non-invasive, wearable glucose sensor in patients living with Diabetes Mellitus. The study is estimated to be completed by June 2019.
Moreover, new product launches for measuring blood glucose levels is also expected to contribute to growth of the glucose sensor market size. For instance, in December 2018, Nemaura Medical Inc., a medical technology company developing sugarBEAT, signed licensing and distribution agreement with Doha-based Al-Danah Medical Co. to commercially launch sugarBEAT in Qatar by 2019. sugarBEAT is the first painless, non-invasive continuous glucose monitor (CGM) for use by diabetic and pre-diabetic patients.
Global Glucose Sensor Market: Taxonomy
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