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What is the Expected Expansion Rate of the Poc Hba1C Testing Market in the 2024-2033 Forecast?

In recent times, the poc hba1c testing market has experienced a significant expansion. The market size is anticipated to rise from $0.85 billion in 2023 to $0.95 billion in 2024, with a compound annual growth rate (CAGR) of 12.0%. The factors that have contributed to the growth during the historic period include robust economic growth in the developing markets, increased prevalence of diabetes, a rise in covid-19 cases, and a hike in disposable income.

In the coming years, the poc hba1c testing market is anticipated to witness accelerated growth, reaching $1.46 billion by 2028 at a compound annual growth rate (CAGR) of 11.4%. The expansion during the predicted period could be due to increased support from the government, a rise in type II diabetes cases, the convenience of poc tests, and quicker results in poc testing than traditional lab testing methods. The projected period is set to see trends like a shift towards hba1c microfluidic immunofluorescence testing, a rise in the use of at-home hba1c testing kits, a focus on hba1c tests using capillary electrophoresis technology, and the progression of testing technologies.

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What Factors Are Catalyzing the Growth of the poc hba1c testing Market?

The rise in diabetes cases is predicted to fuel the expansion of the POC HbA1C testing market. Factors such as extended working hours, insufficient physical exercise, and unhealthy dining and drinking habits are contributing to the rising prevalence of diabetes. Diabetes can be detected and tracked using point-of-care (POC) HbA1c assays, which can be used in both community settings and health facilities lacking laboratories. For example, as per the International Diabetes Federation, a US-based intergovernmental organization, around 537 million adults (between 20-79 years old) were reported to be diabetic in December 2021. These numbers are projected to swell to 643 million by 2030, and 783 million by 2045. Hence, the escalating rates of diabetes are driving the expansion of the POC HbA1C testing market.

Which Segments Are Important in the Poc Hba1C Testing Market Landscape?

1) By Type of Product: Instruments, Consumables

2) By Technology: Ion-Exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Immunoassay, Other Technologies

3) By End User: Hospitals, Physician Office/Outpatient Center, Home Care, Other End Users

What Are the Groundbreaking Trends in the Poc Hba1C Testing Market?

A primary trend emerging in the POC HbA1C testing market is the rise of cutting-edge technology. Key players in this market are placing their investments towards crafting advanced technologies that offer prompt and precise results, thus aiding laboratories in handling the growing need for tests. For instance, American company Abbott, known for their medical devices and healthcare services, unveiled their Afinion™ HbA1c Dx assay, an in vitro test for the quantitative measurement of HbA1c in human capillary and venous whole blood, intended for use on the Afinion 2 Analyzer and the Afinion AS100 Analyzer. It’s noteworthy that the Afinion HbA1c Dx assay is the sole rapid POC test approved by the U.S. Food and Drug Administration (FDA) for helping medical professionals diagnose diabetes and assess the patient’s risk of contracting the disease. The test provides trustworthy and exact results of 1,2 glycated hemoglobin in a mere three minutes, hence assisting doctors in evaluating patients and formulating personalized care plans within a single doctor’s office visit.

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What Are the Key Regions Powering Growth in the Poc Hba1C Testing Market?

North America was the largest region in the POC HbA1C testing market in 2022. Africa is expected to be the fastest-growing region in the forecast- period. The regions covered in the poc hba1c testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Poc Hba1C Testing Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the poc hba1c testing market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Poc Hba1C Testing Market Include

1. Poc Hba1C Testing Market Executive Summary

2. Poc Hba1C Testing Market Segments

3. Poc Hba1C Testing Market Size And Template Market Growth Rate

4. Key Poc Hba1C Testing Market Trends

5. Major Poc Hba1C Testing Market Drivers

……

25. Key Mergers And Acquisitions In The Poc Hba1C Testing Market

26. Top Poc Hba1C Testing Companies

27. Poc Hba1C Testing Market Opportunities And Strategies

28. Poc Hba1C Testing Market, Conclusions And Recommendations

29. Appendix

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