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The boronate affinity tests market has demonstrated significant growth, increasing from $3.15 billion in 2023 to $3.47 billion in 2024, at a compound annual growth rate (CAGR) of 9.9%. This growth is attributed to increased research and development, a rising incidence of chronic diseases, the growing biotechnology industry, greater government and academic research funding, a rising demand for personalized medicine, and the increased availability of advanced equipment. The market is projected to grow to $5.08 billion by 2028 at a CAGR of 10%. This anticipated growth is driven by factors such as the growing adoption of boronate affinity tests in clinical diagnostics, rising awareness and education, expansion into emerging markets, strategic collaborations and partnerships, the increasing prevalence of metabolic disorders, and a focus on early disease detection. Major trends in the forecast period include integration with digital health, automation and high-throughput screening, expansion into clinical applications, advancements in sample preparation, an increased focus on glycomics, the development of new reagents and kits, and regulatory advancements.

The increasing diabetic population is expected to propel the growth of the boronate affinity tests market going forward. Diabetes is a chronic condition characterized by high blood glucose levels due to the body’s inability to produce or effectively use insulin. The rise in diabetes cases is due to poor diet, sedentary lifestyles, and genetic predisposition. Boronate affinity tests are used in diabetes management to measure glycated proteins, providing a reliable indicator of long-term blood glucose control. For instance, in June 2023, according to data from The Lancet, a UK-based publishing organization, global diabetes cases are projected to increase from 529 million in 2021 to 1.3 billion by 2050. Therefore, the increasing diabetic population will drive the growth of the boronate affinity tests market.

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What Are The Key Trends That Influence Boronate Affinity Tests Market Share Analysis?

How Is The Global Boronate Affinity Tests Market Segmented?
1) By Product Type: Test Kits; Instruments; Consumables
2) By Technology: Fluorescence Based Tests; Colorimetric Assays; Electrochemical Methods
3) By Indication: Type 1 Diabetes; Type 2 Diabetes
4) By End User: Hospitals And Clinics; Diagnostics Laboratories; Research Institutes; Pharmaceutical And Biotechnology Companies

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The Boronate Affinity Tests Global Market Report 2024 provides an overview of the boronate affinity tests market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The boronate affinity tests market forecast analyzes boronate affinity tests market size, boronate affinity tests market share, leading competitor and their market positions.

The Table Of Content For The Boronate Affinity Tests Market Include:
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