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What is the Expected Growth Rate of the Point-of-Care Glucose Testing Market Based on Industry Projections?

The point-of-care glucose testing market has expanded steadily in recent years. It is projected to grow from $4.91 billion in 2024 to $5.15 billion in 2025, at a CAGR of 4.9%. The past growth of this market has been influenced by the increasing prevalence of diabetes, greater awareness of diabetes management, the aging population, improvements in healthcare infrastructure, and the growing adoption of point-of-care testing.

The point-of-care glucose testing market is projected to grow steadily, reaching $6.51 billion by 2029 at a CAGR of 6.0%. Factors fueling this growth include the expansion of telemedicine services, a growing focus on personalized diabetes care, increased diabetes management programs, rising investments in glucose testing research, and the adoption of continuous glucose monitoring. Emerging trends include the development of wearable glucose monitors, smartphone connectivity integration, point-of-care testing expansion in home healthcare, AI-driven glucose data analysis, and remote patient monitoring for diabetes management.

What External and Internal Drivers Are Contributing to the Growth of the point-of-care glucose testing Market’s Growth?

The increasing prevalence of diabetes is expected to drive the growth of the point-of-care glucose testing market. Diabetes is a chronic condition that causes elevated blood glucose levels, leading to severe health complications. Point-of-care glucose testing is vital for timely glucose level monitoring and diabetes management. For instance, in June 2024, NHS England reported an 18% rise in the number of pre-diabetic individuals, reaching 3.6 million in 2023. Therefore, the growing prevalence of diabetes is contributing to the expansion of the point-of-care glucose testing market.

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What Companies Are At the Forefront of Innovation in the Point-of-Care Glucose Testing Market?

Major companies operating in the point-of-care glucose testing market include:

• F Hoffmann-La Roche Ltd._x000D_

• Abbott Laboratories Inc._x000D_

• Danaher Corporation_x000D_

• Siemens Healthineers_x000D_

• Becton_x000D_

How Are Emerging Trends in Consumer Behavior Affecting the Point-of-Care Glucose Testing Market?

Product innovation is a significant trend in the point-of-care glucose testing market. Major companies in the market are focused on developing innovative products to enhance their position. For example, 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 professionals. The monitor is accompanied by a touchscreen smartphone-style companion device and features an automated glucose test strip reader, camera, and touchscreen. It is designed for use in patients of all ages, including newborns, and supports workflow enhancement through Glucommander dosage software and decision-support apps.

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What Are the Strategic Segments Comprising the Point-of-Care Glucose Testing Market and Their Growth Contributions?

The point-of-care glucose testing market covered in this report 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 Users

Subsegments:

1) By Lancet And Lancing Devices: Single-Use Lancets, Multi-Use Lancets, Adjustable Lancing Devices

2) By Strips: Glucose Test Strips, Ketone Test Strips, Combo Strips (Glucose And Ketone)

3) By Meters: Blood Glucose Meters, Continuous Glucose Monitoring (CGM) Meters, Bluetooth-Enabled Meters

What Regions Are Propelling Growth in the Point-of-Care Glucose Testing Industry?

North America was the largest region in the point-of-care glucose testing market in 2024. The regions covered in the point-of-care glucose testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Parameters Define the Point-of-Care Glucose Testing Market’s Scope?

Point-of-care glucose testing is referred to as a quality-assured pathology service delivered close to the patient rather than in the usual setting of a clinical laboratory. It is used for glucose testing by clinicians or individuals using small handheld units or glucose analyzers that use testing strips to analyze whole blood, thereby reducing the time from specimen collection to result in verification and translating to faster therapeutic intervention, reduced preanalytical errors, and improved patient care.

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