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The POC Hba1C testing market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of almost 9%, as per The Business Research Company’s market report!

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The POC Hba1C Testing Market Size In 2022 And Forecast

The global POC Hba1C testing market is expected to grow from $1.53 billion in 2021 to $1.73 billion in 2022 at a compound annual growth rate (CAGR) of 13.2%. The global POC HbA1C testing market size is expected to grow to $2.43 billion in 2026 at a compound annual growth rate (CAGR) of 8.9%.

The point of care (POC) hemoglobin (Hb) A1C testing market consists of sales of POC HbA1C testing devices and related services by entities (organizations, sole traders, partnerships) that assess the average level of blood sugar over 2 to 3 months in an individual.

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Increase In Prevalence Of Diabetes Is Driving The Growth Of The POC Hba1C Testing Market

According to the report published by the International Diabetes Federation, a Belgium-based umbrella organization of over 230 national diabetes associations, in 2021, there will be 463 million individuals living with diabetes around the world, an increase to 537 million in 2021. Also, by 2030, the overall number of diabetics is expected to reach 643 million, and by 2045, it will reach 783 million. Therefore, the increasing prevalence of diabetes is driving the growth of the POC HbA1C testing market.

Competitive Landscape And The Regional Analysis Of The POC Hba1C Testing Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the POC Hba1C testing market in 2021 holding the largest market share and Africa is expected to be the fastest-growing region in the forecast period.

The POC Hba1C Testing Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the POC Hba1C testing market.

Technological Advancement – A Key Trend In The POC Hba1C Testing Market

Major players in the market are investing in developing advanced technologies to provide fast, accurate results in a short period, thereby helping laboratories to manage the increase in demand for testing.

POC Hba1C Testing Market Segmentation By The Business Research Company

1) By Type Of Product: Instruments, and Consumables

2) By Technology: Ion-Exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Turbidimetric Inhibition Immunoassay, and Others

3) By End User: Hospitals, Physician Office/Outpatient Centre, Home Care, and Others

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