Global Poc Hba1C Testing Market Size 2024, Forecast To 2033
11 Mar, 2024
The point-of-care (POC) HbA1c testing market has experienced rapid growth, escalating from $0.85 billion in 2023 to $0.95 billion in 2024, indicating a compound annual growth rate (CAGR) of 12.0%. The growth during the historic period is credited to robust economic expansion in emerging markets, an increase in diabetes prevalence, a surge in COVID-19 cases, and an overall rise in disposable income. Looking ahead to 2028, the market is poised for rapid growth, projecting to reach $1.46 billion with a CAGR of 11.4%. This growth is driven by factors such as rising government support, an increasing prevalence of diabetes, easy accessibility of POC tests, and faster availability of results in POC testing compared to conventional laboratory procedures. Major trends in the forecast period encompass a focus on HbA1c microfluidic immunofluorescence tests, the increasing use of home collection HbA1c testing kits, a focus on HbA1c tests using capillary electrophoresis technology, and advances in testing technologies.
Global Poc Hba1C Testing Market Key Driver
The increasing prevalence of diabetes is poised to fuel the growth of the Point-of-Care (POC) HbA1C testing market. Factors such as long working hours, reduced physical activity, and unhealthy lifestyles contribute to the rising incidence of diabetes. Point-of-Care HbA1C assays play a crucial role in the diagnosis and monitoring of diabetes, particularly in community settings and healthcare facilities without laboratories. The International Diabetes Federation reports approximately 537 million adults suffering from diabetes in 2021, with projections reaching 643 million by 2030 and 783 million by 2045. The market sizes for 2023, 2024, and 2028 are expected to reflect the growing demand for POC HbA1C testing driven by the increasing prevalence of diabetes.
Get A Free Sample Of The Global Poc Hba1C Testing Market ReportGlobal Poc Hba1C Testing Market Segments
The poc hba1c testing market covered in this report is segmented –
1)By Type of Product: Instruments, Consumables
2)By Technology: Ion-Exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Immunoassay, Other Technologies
3)By End User: Hospitals, Physician Office/Outpatient Center, Home Care, Other End Users
By Geography:The regions covered in the poc hba1c testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the POC HbA1C testing market in 2022. Africa is expected to be the fastest-growing region in the forecast- period. The regions covered in the poc hba1c testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Poc Hba1C Testing Industry Players
F. Hoffmann-La Roche Ltd, Siemens Healthineers AG, Bio-Rad Laboratories Inc, Menarini Group, Danaher Corporation, Tosoh Bioscience Inc, ARKRAY Inc, i-SENS, Inc, Abbott Laboratories, Trinity Biotech plc, Aina Blood Monitoring Sysyem, Getein Biotech Inc, Sugentech, Inc, Alere Inc, bioMerieux, EKF Diagnostics, HemoCue, PTS Diagnostics, Diazyme Laboratories, Osang Healthcare, Ortho Clinical Diagnostics, Ascensia, Platinum Equity (LifeScan), Becton Dickinson and Company, Medtronic PLC, Kainico Ltd, Evia Medical Technologies, Agamatrix Inc, Bionime Corporation, B Braun Melsungen AG.
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Poc Hba1C Testing Market Overview
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 that occurs either when an inadequate amount of insulin is produced by the pancreas or when the body cannot use the insulin it produces effectively. This assesses the average level of blood sugar over 2 to 3 months in an individual.
Poc Hba1C Testing Global Market Report 2023 provides data on the global poc hba1c testing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The poc hba1c testing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.