Global Poc Hba1C Testing Market Size, Share, Trends And Drivers 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest Poc Hba1C testing market share, and Africa was the fastest-growing region in 2022.
The global Poc Hba1C testing market is expected to grow from $760.33 million in 2022 to $848.77 million in 2023 at a compound annual growth rate (CAGR) of 11.6%. The poc hba1c testing market size is expected to grow from $1.25 billion in 2027 at a CAGR of 10.3%.
Major Driver In The Poc Hba1C Testing Market – Increase In The Prevalence Of Diabetes
According to a survey published by the International diabetic Federation, a Belgium-based umbrella organisation of over 230 national diabetic associations, there will be 463 million people living with diabetes worldwide in 2021, up from 463 million in 2019. Furthermore, the entire population of diabetics is predicted to reach 643 million by 2030, and 783 million by 2045. As a result, the rising prevalence of diabetes is propelling the POC HbA1C testing market forward.
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Key Poc Hba1C Testing Market Segments
1) By Type Of Product: Instruments, and Consumables
2) By Technology: Ion-Exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Turbidimetric Inhibition Immunoassay, and Other Technologies
3) By End User: Hospitals,Physician Office/Outpatient Centre, Home Care, and Other End Users
Recent Poc Hba1C Testing Market Trend – Technological Advancement
Major market players are investing in the development of improved technologies to give rapid, precise findings in a short amount of time, hence assisting laboratories in managing the increase in testing demand. Abbott, a medical device and health care firm based in the United States, for example, introduced the AfinionTM HbA1c Dx assay, an in vitro diagnostic test for the quantitative assessment of HbA1c in human venous and capillary whole blood for use on the Afinion 2 Analyzer and the Afinion AS100 Analyzer. The Afinion HbA1c Dx assay is the only quick POC test approved by the US Food and Drug Administration (FDA) to help healthcare practitioners diagnose diabetes and assess a patient’s risk of developing the illness. In only three minutes, the test offers consistent and accurate results of 1,2 glycatedhemoglobin, allowing physicians to evaluate patients and establish individualised care programmes within a single visit to the doctor’s office.
Poc Hba1C Testing Market Prominent Players
Major players in the Poc Hba1C testing market are Bio-Rad Laboratories, Inc., Siemens Healthineers AG, Menarini Group, F. Hoffmann-La Roche Ltd., and ARKRAY Inc.
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The Poc Hba1C Testing Global Market Report 2023 provides a comprehensive overview on the Poc Hba1C testing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the Poc Hba1C testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
POC HbA1C testing devices are intended to diagnose average glucose levels in patients’ blood as well as to manage type I and type II diabetes mellitus. Diabetes is a chronic condition that arises when the pancreas generates insufficient insulin or when the body is unable to adequately use the insulin generated. This measures an individual’s average blood sugar level over the course of two to three months.
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