The Global POC Hba1C Testing Market Report by The Business Research Company covers POC HbA1C testing market drivers and restraints, POC HbA1C testing market size, major players, and the impact of COVID-19 on the POC HbA1C testing market.
The point of care (POC) hemoglobin (Hb) A1C testing market consists of sales of POC HbA1C testing devices and related services. The POC HbA1C testing devices assess the average level of blood sugar over 2 to 3 months in an individual. POC HbA1C testing devices are designed to diagnose average levels of glucose in patients’ blood and to control type I and type II diabetes mellitus. Diabetes is a chronic disease which occurs either when inadequate amount of insulin is produced by the pancreas or when the body cannot use the insulin it produces effectively. Insulin is a hormone that regulates blood sugar.
The global POC HbA1C testing market is expected to grow from $483.8 million in 2019 to nearly $658.6 million by 2023 at a rate of 8.0%.
Changing lifestyles are leading to an increased prevalence of diabetes; type II diabetes in particular, which in turn will drive the market for POC HbA1C testing. Long working hours, less physical activity, and unhealthy eating and drinking habits are increasing the prevalence of diabetes. Globally, the number of diabetic patients is expected to increase to 629 million by 2045. Besides, urbanization is also expected to drive the market in the forecast period. Globally, the percentage of the population living in urban areas is expected to increase from 55% in 2018 and reach 68% by 2050. Changing lifestyles, coupled with the growth in the urban population and the rise in disposable incomes and affordability among residents of cities will drive the demand for POC HbA1C testing.
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Some POC HbA1C testing market trends include technological advances to conduct the tests more efficiently. Major players in the market are investing in developing advanced technologies to provide fast, accurate results in a short period thereby helping laboratories to manage the increase in demand for testing. Moreover, home HbA1C testing kits allow people with diabetes to measure their HbA1c levels at home. Home HbA1c tests can be carried out within a relatively short period of time.
Global POC HbA1C testing market segments include:
1) By Type Of Product: Instruments, Consumables
2) By Technology: Ion-Exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Turbidimetric Inhibition Immunoassay, Others
3) By End User: Hospitals, Physician Office/Outpatient Center, Home Care, Others
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The POC Hba1C Testing Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides POC HbA1C testing market overviews, analyzes and forecasts market size, share, POC HbA1C testing market players, POC HbA1C testing market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The POC HbA1C testing identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read POC Hba1C Testing Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Bio-Rad Laboratories, Inc., Siemens Healthineers AG, Menarini Group, F. Hoffmann-La Roche Ltd., ARKRAY Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The POC Hba1C Testing Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The POC Hba1C Testing Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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