Market Challenges And Opportunities

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.