Overview and Scope
The hemoglobin A1c testing device is the analytical device used in the quantification of HbA1C, in which glucose attaches to hemoglobin to form glycated hemoglobin in an individual blood sample. It is used to monitor blood sugar levels regularly for efficient and effective diabetic management.
Sizing and Forecast
The hemoglobin a1c testing devices market size has grown rapidly in recent years. It will grow from $1.73 billion in 2023 to $1.93 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to holistic diabetes management programs, continuous innovation, improvement in healthcare infrastructure, preventive healthcare practices, home healthcare trends.
The hemoglobin a1c testing devices market size is expected to see rapid growth in the next few years. It will grow to $2.94 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to point-of-care testing expansion, home testing and self-monitoring, focus on preventive healthcare, increasing aging population, healthcare accessibility expansion. Major trends in the forecast period include continuous innovation and cost efficiency, rising diabetes prevalence, shift towards point-of-care testing, technological advancements, home healthcare and self-monitoring.
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Segmentation & Regional Insights
The hemoglobin a1c testing devices market covered in this report is segmented –
1) By Type: Bench Top Device, Handheld Device
2) By Technology: Ion-Exchange HPLC, Immunoassay, Boronate Affinity Chromatography, Direct Enzymatic Assay, Other Technologies
3) By End Use: Hospitals, Pharmaceuticals, Medical Devices, Laboratory Testing
North America was the largest region in the hemoglobin A1c testing devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the hemoglobin A1c testing devices market during the forecast period. The regions covered in the hemoglobin a1c testing devices 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 rising prevalence of diabetes is expected to propel the growth of the hemoglobin A1c testing devices market. Diabetes is a chronic metabolic disorder that elevates blood glucose levels. Hemoglobin A1c testing is used in providing information on average blood glucose levels in individuals that are used in the diagnosis of type 2 diabetes, pre-diabetes, and diabetes management, which enables the individuals to monitor the disease and help make treatment decisions to prevent complications. For instance, in 2022, Centers for Disease Control and Prevention, a US-based national public health agency, around 37.3 million people were suffering from diabetes which equals 11.3% of the United States population. Additionally, in December 2021, according to the International Diabetes Federation, a Belgium-based global diabetes community, approximately 537 million adults were suffering from diabetes globally, whereas 3 out of 4 adults are in low- and middle-income countries. Therefore, the increased cases of diabetes patients will drive the hemoglobin A1c testing devices market.
Key Industry Players
Major companies in the hemoglobin A1c testing devices market are focused integration of microfluidic immunofluorescence test for hemoglobin A1c to strengthen their position in the market. Microfluidic immunofluorescence (MIF) is a powerful technique that combines the principles of microfluidics and immunofluorescence to detect and quantify various biomarkers in biological samples. For instance, in May 2022, a London-based next-generation point-of-care diagnostics company, LumiraDx Limited, declared that its HbA1c test had obtained CE Marking. When used with the LumiraDx Platform, the test yields findings from a sample application in under seven minutes, allowing for quick monitoring of diabetic patients as well as quick screening and identification of patients who may be at risk of developing the disease.
The hemoglobin a1c testing devices market report table of contents includes:
- Executive Summary
- Hemoglobin A1c Testing Devices Market Characteristics
- Hemoglobin A1c Testing Devices Market Trends And Strategies
- Hemoglobin A1c Testing Devices Market – Macro Economic Scenario
- Global Hemoglobin A1c Testing Devices Market Size and Growth
- Hemoglobin A1c Testing Devices Market Segmentation
- Hemoglobin A1c Testing Devices Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Hemoglobin A1c Testing Devices Market
- Hemoglobin A1c Testing Devices Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Hemoglobin A1c Testing Devices Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Hemoglobin A1c Testing Devices Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Hemoglobin A1c Testing Devices Market, Segmentation By End Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
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