According to the World Health Organization, the diabetes population will increase to 336 million by 2030, up from 270 million in 2015. The need for non-invasive treatment is predicted to rise as the incidence rate of diabetics rises, creating favourable market possibilities for competitors around the world. Furthermore, expanding healthcare access and focusing on R&D could boost the non-invasive diabetes therapy market’s overall size. Some businesses are working on developing non-invasive systems based on photonics and occlusion spectroscopy.
Changes in macroeconomics and consumer preferences will continue to drive the market. In underdeveloped countries, healthcare costs have risen. For early entrants, a large consumer base combined with changing lifestyles is projected to provide significant new market opportunities.
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