Regional Analysis

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,