Global Non-Invasive Biosensors Market, by Technology, (Optical, Transdermal, Thermal, and Others), by Product Type (Glucose Monitoring, Blood Analytes Monitor, and Others), by End User (Hospitals, Diagnostic Lab, Homecare Settings, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) was valued at US$ 2.7 Bn in 2017 and is projected to exhibit a CAGR of 12.1% over the forecast period (2018–2026).
Increasing approval for novel non-invasive biosensors is expected to be a major factor driving growth of the non-invasive biosensors market. For instance, in 2013, Integrity Applications Inc. received CE marking for its new GlucoTrack DF-F device, a non-invasive blood glucose monitoring device. In 2015, Integrity Applications Inc. again received CE approval for its improved version of GlucoTrack DF-F device. The new improved version of GlucoTrack DF-F device has reduced the procedure time from two and half hours to just thirty minutes. In 2016, CNOGA Medical Ltd. received Brazilian National Health Surveillance Agency (ANVISA – Agência Nacional de Vigilância Sanitária) approval to market its new TensorTip COG non-invasive combo Glucometer device in Brazil.
Browse 42 Market Data Tables and 38 Figures spread through 173 Pages and in-depth TOC on 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 (North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa) - Global Forecast to 2026
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Increasing R&D activities by key players for gaining approval for novel non-invasive biosensors and presence of products in pipeline is also expected to drive growth of the market. For instance, in 2017. Mclean Hospital announced its LabPatch-alcohol is a non-invasive skin patch to detect blood alcohol concentrations was in clinical trial. LabPatch-alcohol is in early Phase 1 stage of clinical trial. Key players in the market are focused on strategic collaborations for distribution of its novel non-invasive biosensors globally. For instance, in 2017, Integrity Applications Inc. entered into strategic distribution partnership with MediReva B.V. According to partnership, MediReva B.V. will market Integrity Applications Inc.’s GlucoTrack in the Netherlands. Such strategic collaborations is expected to create a lucrative environment for growth of global non-invasive biosensor market in the near future.
Key Takeaways of the global non-invasive biosensors market: