Non-invasive Biosensors Market, by Technology (Optical, Transdermal, Thermal, and Others), by Product Type (Glucose Monitors, Blood Analytes Monitors, Breathalyzers, and Others), by End User (Hospitals, Diagnostic Lab, Homecare Settings, and Others) and by Region - Global Forecast to 2026
- Report code : CMI41704 |
- Industry :
Medical Devices
- Published On : May 2018 |
- Pages : 173 Pages |
- Format :
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Non-Invasive Biosensor Market - Insights
Biosensors are electronic devices, which uses biological molecules such as enzymes, proteins, or antibodies for the detection and measurement of any substance or chemical. Non-invasive biomarkers are advanced diagnostic devices, which do not require incision or insertion of instruments/devices in the body. There is no contact with mucosa, or skin break, or internal body cavity for diagnosis. Non-invasive biosensor mainly uses tears, saliva, and sweat for the analysis and diagnosis of various diseases. There are few non-invasive biosensor devices available in market, however, a robust pipeline of novel non-biosensors is under development and under clinical trial. Key players in the market are focusing on research and development activities for development of novel non-invasive biosensors and to launch it in market.
Increasing approval for non-invasive biosensor devices is expected to drive growth of the global market
In 2016, Nemaura Medical, Inc. received CE approval in the European Union for its sugarBEAT, a minimally invasive wireless continuous glucose monitor. SugarBEAT CGM system is available in the form of sensor patch and provides glucose readings on a standalone reader, smart watch or smart phone app via Bluetooth. In March 2018, Nemaura Medical, Inc. expanded its manufacturing facilities for large scale production of its new SugarBEAT CGM system. The company is expected to launch its product in the U.K. in the near future. The approval and launche of such novel devices is expected to create a lucrative environment for growth of global non-invasive biosensor market in the near future.
The global non-invasive biosensor market was valued at US$ 2.7 Bn in 2017 and is expected to witness a CAGR of 12.1% over the forecast period (2018–2026).
Figure 1. Global Non-invasive Biosensor Market Size (US$ Bn), By Region, 2017
Source: Coherent Market Insights Analysis (2017)
Increasing research and development and robust pipeline of novel non-invasive biosensors is expected to drive growth of the non-invasive biosensor market
Increasing research and development and a robust pipeline of novel non-invasive biosensors is expected to drive growth of the global non-invasive biosensor market in the near future. For instance, MediWise Ltd.—a U.K.-based company—has its product GlucoWise in clinical trial. GlucoWise is a non-invasive glucose monitor device and is expected to be launched in 2018. In 2017, researchers from University of Cincinnati developed a non-invasive biosensor, which uses chemical stimulant to produce sweat and uses sweat to monitor biometrics.
Increasing prevalence of diabetes is expected to increase demand for non-invasive biosensors for diagnosis
According to World Health Organization (WHO), 2014, around 8.5% of adults aged 18 and above accounting for 422 million adults were suffering from diabetes worldwide. According to National Diabetes Statistics Report 2017 published by Centers of Disease Control and Prevention (CDC), around 9.4% of the population in the U.S., which includes all age groups i.e., pediatric, adults, and geriatric population accounting for 30.3 million people are suffering from diabetes whereas 33.9% are diagnosed with pre-diabetes. Increasing prevalence of diabetes is expected to increase demand for novel diagnostic devices such as non-invasive glucometer and this is expected to drive growth of global non- invasive biosensor market.
Furthermore, key players in the market are participating in various conference and symposium, in order to showcase their novel non-invasive biosensors. For instance, in 2017, Integrity Applications Inc. exhibited its new GlucoTrack at American Diabetes Association’s 77th Scientific Sessions held at San Diego, U.S.
Key players operating in the non-invasive biosensors market include Nemaura Medical, Inc., MediWise Ltd., Integrity Applications Inc., OrSense, Medtronic Plc, GE Healthcare, Philips Healthcare, Akers Biosciences, Inc. and Abbott Laboratories.
Non-invasive biosensors are novel diagnosis devices, which do not require any invasive procedure for detection of any substance or disease. This technology uses sweat, tears, or saliva for diagnostic purpose. Glucose monitoring and blood analytes monitor have become available in the market, which uses non-invasive biosensors. Moreover, there are many non-invasive biosensors under development and under clinical trial for new applications such as cancer and blood alcohol concentration detection.
Market Dynamics
Increasing approval and launches of novel non-invasive biosensors is expected to boost growth of global non-invasive biosensors market in the near future. For instance, in 2016, Nemaura Medical, Inc. received CE approval in the European Union for its latest sugarBEAT, a minimally invasive wireless continuous glucose monitor. Moreover, in 2013, Integrity Applications Inc. received CE marking for its new GlucoTrack DF-F device, a non-invasive blood glucose monitoring device. Increasing research and development activities for developing novel non-invasive biosensors is also expected to drive growth of market in the near future. For instance, in 2017, Mclean Hospital announced that LabPatch-alcohol, its non-invasive skin patch that detects blood alcohol concentration, is in clinical trial. LabPatch-alcohol is in early Phase 1 stage of clinical trial. Furthermore, increasing prevalence of diabetes is also expected to increase demand for non-invasive biosensors for diagnosis. According to the World Health Organization (WHO), 2014, around 8.5% of adults aged 18 and above accounting for 422 million adults were suffering from diabetes worldwide.
Key features of the study:
- This report provides in-depth analysis of non-invasive biosensors market and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2018–2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global non-invasive biosensors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies, and future plans
- Key companies covered as a part of this study include Nemaura Medical, Inc., MediWise Ltd., Integrity Applications Inc., OrSense, Medtronic Plc, GE Healthcare, Philips Healthcare, Akers Biosciences, Inc. and Abbott Laboratories
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up-gradation, market expansion, and marketing tactics
- The global non-invasive biosensors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the non-invasive biosensors market
Detailed Segmentation:
- Global Non-Invasive Biosensors Market, By Technology :
- Optical
- Transdermal
- Thermal
- Others
- Global Non-Invasive Biosensors Market, By Product Type:
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- Global Non-Invasive Biosensors Market, By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- Global Non-Invasive Biosensors Market, By Geography:
- North America
- By Technology :
- Optical
- Transdermal
- Thermal
- Others
- By Product Type
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- By Country:
- U.S.
- Canada
- Europe
- By Technology :
- Optical
- Transdermal
- Thermal
- Others
- By Product Type
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- By Country:
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Technology :
- Optical
- Transdermal
- Thermal
- Others
- By Product Type
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- By Technology :
- Optical
- Transdermal
- Thermal
- Others
- By Product Type
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Technology :
- Optical
- Transdermal
- Thermal
- Others
- By Product Type
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Technology :
- Optical
- Transdermal
- Thermal
- Others
- By Product Type
- Glucose Monitors
- Blood Analytes Monitors
- Breathalyzers
- Others
- By End User:
- Hospital
- Diagnostic Lab
- Homecare Settings
- Others
- By Country:
- Central Africa
- South Africa
- North Africa
- Company Profiles
- Nemaura Medical, Inc.*
- Company Overview
- Product Portfolio
- Recent Developments
- Financial Performance
- Key Strategies
- MediWise Ltd.
- Integrity Applications Inc.
- OrSense
- Medtronic Plc
- GE Healthcare
- Philips Healthcare
- Akers Biosciences, Inc.
- Abbott Laboratories
- Nemaura Medical, Inc.*
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Product Type
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Recent Product Approval/Launch
- Pipeline Analysis
- Regulatory Scenario
- Reimbursement Scenario
- PEST Analysis
- PORTER Analysis
- Epidemiology
- Global Non-Invasive Biosensors Market, By Technology, 2016–2026 (US$ Bn)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Optical
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Transdermal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Thermal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Global Non-Invasive Biosensors Market, By Product Type, 2016–2026 (US$ Bn)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Glucose monitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Blood Analytes Monitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Breathalyzers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Global Non-Invasive Biosensors Market, By End User, 2016–2026 (US$ Bn)
- Introduction
- Market Share Analysis, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, 2017–2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Diagnostic Lab
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Homecare Settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Bn)
- Global Non-Invasive Biosensors Market, By Region, 2016–2026 (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2017 and 2026 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Introduction
- Market Size and Forecast, By Technology, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Bn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Technology, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Bn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Bn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Technology, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Bn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Technology, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Bn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of APAC Japan
- Australia
- Middle East
- Introduction
- Market Size and Forecast, By Technology, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Bn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Bn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Technology, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Product Type, 2016–2026 (US$ Bn)
- Market Size and Forecast, By End User, 2016–2026 (US$ Bn)
- Market Size and Forecast, By Country, 2016–2026 (US$ Bn)
- Central Africa
- South Africa
- North Africa
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Nemaura Medical, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- MediWise Ltd.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Integrity Applications Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- OrSense
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Medtronic Plc
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- GE Healthcare
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Philips Healthcare
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Akers Biosciences, Inc.
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Abbott Laboratories
- Company Overview
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 42 market data tables and 38 figures on “Non-Invasive Biosensors Market - Global forecast to 2026”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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