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Non-invasive Procedures Energize the Emerging US and European Diabetes Diagnostics Market Finds Frost & Sullivan - Methods such as bio-sensor, near-infrared and disposable patches to replace self-monitoring blood glucose tests within a decade, finds Frost & Sullivan - Frost.com
Non-invasive Procedures Energize the Emerging US and European Diabetes Diagnostics Market Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2015/10/21 - Methods such as bio-sensor, near-infrared and disposable patches to replace self-monitoring blood glucose tests within a decade, finds Frost & Sullivan - Frost.com.

   
 
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The established U.S. and European diabetes diagnostics space is experiencing a revival as high market concentration and sweeping regulatory changes force companies to build differentiated platforms and devices. Superior tests developed through the discovery of new markers, such as microalbumin or glycated albumin, will displace glucose tests and widen market scope.

New analysis from Frost & Sullivan, Analysis of the US and European Diabetes Diagnostics Market, finds the market earned revenues of $9.04 billion in 2014 and estimates this to reach $10.90 billion in 2020.

Evidence of rapid and accurate outcomes of point-of-care tests (POCTs) for diabetes diagnostics is spurring adoption in both the U.S. and Europe.

“In the next decade, non-invasive methods such as bio-sensor, near-infrared and disposable patches will essentially replace self-monitoring blood glucose tests,” saidFrost & Sullivan Healthcare Industry Analyst Aish Vivekanandan. “Pioneering non-invasive technologies like Google’s tear-analyzing contact lenses and Miraculins’s non-invasive POCT will transform diabetes diagnostics.”

The self-monitoring blood glucose segment will be further stalled by strict reimbursement policies. The implementation of the Affordable Care Act in the U.S. and shrinking budgets in Europe will lead to heavy reimbursement cuts and pricing pressures restraining uptake.

Mature companies like Roche and Bayer are reshuffling their diabetes divisions as well as scouting for acquisitions and partnerships to minimalize losses and boost profitability. These steps will also help suppliers to differentiate products and stand out from the competition.

“In addition to collaborative ventures, companies incorporating digital technology, like apps and networks, to existing platforms will thrive in the concentrated U.S. and European diabetes diagnostics space,” added Vivekanandan. “Moreover, the integration of diagnostics and treatment in an individual’s diabetes care will enable companies to provide personalized treatment.”

Analysis of the US and European Diabetes Diagnostics Market is part of the Transformational Health Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Diabetes Drug Delivery Market, US Blood Transfusion Diagnostics Market and Global Oncology Drug Delivery Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Analysis of the US and European Diabetes Diagnostics Market / NF12-52

 
 
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Non-invasive Procedures Energize the Emerging US and European Diabetes Diagnostics Market Finds Frost & Sullivan

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Publisher Contact: Kayla Belcher - Frost.com 
210-247-2450 kayla.belcher[.]frost.com
 
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