Overview and Scope
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.
Sizing and Forecast
The poc hba1c testing market size has grown rapidly in recent years. It will grow from $0.85 billion in 2023 to $0.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, increase in diabetes prevalence, rise in covid-19 cases and increase in disposable income.
The poc hba1c testing market size is expected to see rapid growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to rising government support, increasing prevalence of diabetes- type ii diabetes, easy accessibility of poc tests and faster availability of results in poc testing than conventional laboratory testing procedures. Major trends in the forecast period include focus on hba1c microfluidic immunofluorescence test, increasing use of home collection hba1c testing kits, focus on hba1c test using capillary electrophoresis technology and advances in testing technologies.
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
The increasing prevalence of diabetes is expected to propel the growth of the POC HbA1C testing market. Long working hours, less physical activity, and unhealthy eating and drinking habits are increasing the prevalence of diabetes. Diabetes can be diagnosed and monitored with point-of-care (POC) HbA1c assays, which can be utilized in community settings and healthcare facilities without laboratories. For instance, in December 2021, according to the International Diabetes Federation, a US-based intergovernmental organization, approximately 537 million adults (20-79 years old) are suffering from diabetes 2021, which is expected to reach 643 million by 2030, and 783 million by 2045. Therefore, the increasing prevalence of diabetes is driving the growth of the POC HbA1C testing market.
Key Industry Players
Major companies operating in the poc hba1c testing market report are 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.
The poc hba1c testing market report table of contents includes:
1. Executive Summary
2. Poc Hba1C Testing Market Characteristics
3. Poc Hba1C Testing Market Trends And Strategies
4. Poc Hba1C Testing Market – Macro Economic Scenario
5. Global Poc Hba1C Testing Market Size and Growth
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32. Global Poc Hba1C Testing Market Competitive Benchmarking
33. Global Poc Hba1C Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Poc Hba1C Testing Market
35. Poc Hba1C Testing Market Future Outlook and Potential Analysis
36. Appendix
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