The Point-Of-Care Glucose Testing Global Market Report 2023, provides comprehensive information on the point-of-care glucose testing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global point-of-care glucose testing market is expected to grow from $4.38 billion in 2022 to $4.63 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The point-of-care glucose testing market is expected to reach $5.62 billion in 2027 at a CAGR of 5%.
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Product innovation is the key trend gaining popularity in the point-of-care glucose testing market. Major companies operating in the point-of-care glucose testing market are focused on developing innovative products to strengthen their position in the market. For instance, in January 2022, F. Hoffmann-La Roche AG, a Switzerland-based healthcare company, introduced Cobas Pulse, a new point-of-care blood glucose monitor for healthcare staff. It will accompany a companion gadget styled like a touchscreen smartphone running its apps. Cobas pulse is a hand-held device with an automated glucose test strip reader, camera, and touchscreen that enables documenting diagnostic data and is housed in a rugged housing that can be disinfected and used in patients of all age groups, including newborns and intensive care. Additionally, it seeks to improve physicians’ workflow by running the Glucommander dosage software on the blood glucose reader and adding downloadable decision-support apps from businesses such as Smart4Diagnostics, CardioSignal, and SteadySense.
The point-of-care glucose testing market is segmented:
1) By Product: Lancet And Lancing Devices, Strips, Meters
2) By Testing Site: Fingertips, Alternate Site Testing
3) By Applications: Type-1 Diabetes, Type-2 Diabetes
4) By End-User: Professional Diagnostic Centers, Hospitals And Clinics, Home Care Settings, Other End UsersNorth America was the largest region in the point-of-care glucose testing market in 2022.
Major Players:
The table of contents in TBRC’s point-of-care glucose testing market report includes:
1. Executive Summary
2. Point-of-Care Glucose Testing Market Characteristics
3. Point-of-Care Glucose Testing Market Trends And Strategies
4. Point-of-Care Glucose Testing Market – Macro Economic Scenario
5.1. Global Point-of-Care Glucose Testing Historic Market Size and Growth
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32. Global Point-of-Care Glucose Testing Market Competitive Benchmarking
33. Global Point-of-Care Glucose Testing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Point-of-Care Glucose Testing Market
35. Point-of-Care Glucose Testing Market Future Outlook and Potential Analysis
36. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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