Global HbA1c Testing Devices Market Expected To Reach US$ 3.7 Bn By 2026

The latest market report published by Credence Research, Inc. “HbA1c Testing Devices Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global hbA1c testing devices market was estimated at US$ 1,479.8 Mn in 2017 expanding at a CAGR of 10.6% from 2018 to 2026, to reach US$ 3,680.3 by 2026.

The latest market report published by Credence Research, Inc. “HbA1c Testing Devices Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global hbA1c testing devices market was estimated at US$ 1,479.8 Mn in 2017 expanding at a CAGR of 10.6% from 2018 to 2026, to reach US$ 3,680.3 by 2026.

Browse the full report at https://www.credenceresearch.com/report/hba1c-testing-devices-market

Market Insights

Diabetes is one of the most prominent global health emergencies. There is a worldwide growth in the number of individuals with diabetes, therefore contributing to overall healthcare expenditure and mortality. The International Diabetes Federation reported that in 2015, there were 415 million adults (aged 20 to 79 years) living with diabetes, which will further escalate to 642 million in 2040. Diabetes is characterized by prominent hyperglycemia for a prolonged period of time, resulting in long term complications such as neuropathy, nephropathy, and retinopathy. Due to lifestyle changes, diabetes is often deemed as global epidemic. With the above mentioned prevalence forecast, effective and efficient management of diabetes is essentially required. Long term prospective studies such as the UK prospective Diabetes Study Group, Epidemiology of Diabetes Interventions and Complications, and the Diabetes Control and Complications Trial have reported suggestive evidence that complications from diabetes directly correspond to glycemic levels measured from HbA1c concentration. With the help of such studied and standardization measures, measurement of HbA1c concentration has become a valuable diagnostic tool for assessing long-term glycemic control and deciding on specific treatment regimen.

Over 100 tests have been commercialized for HbA1c measurement. New assays and modified versions of the existing tests have been continuously entering the market. Bench-top analyzers, handheld analyzers, test kits, and reagents and consumables cumulatively make the global HbA1c market. among these, bench-top analyzers segment holds the largest revenue share. However, it is anticipated that the demand for handheld analyzers in point of care settings will render the fastest growth during the forecast period. Quick test results at lesser costing is the prime feature of this segment supporting its fast pace. Most of the point of care devices for HbA1c testing use one drop of whole blood sample, followed by which the sample results are procured within a few minutes. Ion exchange chromatography, affinity chromatography, immunoassay and enzymatic assay are the key technologies used in handheld analyzers, therefore demonstrating the versatility of this segment.

Based on technologies, the global market is categorized into separation methods such as HPLC ion exchange, capillary electrophoresis and affinity chromatography, and chemical methods namely immunoassays and enzymatic assays. Immunoassays are the most commonly used testing method for HbA1c measurement, despite HPLC being recommended as the ideal method. Precision in test results and efficiency in measuring variants of Hb has resulted in introduction of further generations of immunoassay tests. Ion exchange chromatography efficiently meets the requirements of quality, precision and high throughput, and also identified Hb variants.

Geographically, North America is the current leader in the global HbA1c testing devices market. Widespread presence of advanced healthcare infrastructure, greater availability of novel diagnostic tools, and high prevalence of diabetes are the key drivers of North America market. However, the dominance of North America will be significantly challenged by the burgeoning Asia Pacific market. There are large-scale untapped opportunities present in the region in terms of large pool of geriatric patients with diabetes in India and China, increasing awareness about diabetes treatment and management, rapidly changing lifestyle and so on. The global HbA1c testing devices market is highly competitive in nature. The market players are identified with incessant commercialization of next generation devices with better precision and lead-time, and swift entries in emerging markets.

Key Market Movements:

Significant growth in global diabetic patient pool, along with growing risks from lifestyle changes High growth rate of diabetes incidence in Asia Pacific and Middle East & Africa Growing adoption of point of care devices in hospital settings Proliferation of diagnostic laboratory based tests in emerging markets of Asia Pacific

Loading...

Comments

No comments to display.

Related posts

Geogrids Market Higher Mortality Rates by 2025

Geogrids are a class of geosynthetics which are composed of materials such as polyesters, high-density polyethylene and polypropylene, among others.

Global Digital Map Market Size is Registering CAGR of 12.7% from 2017 to 2023

The digital map market is projected to grow at a CAGR of 12.7% from 2017 to 2023. This is attributed to increase in the use of geospatial information and rise in use of smartphones.

Privacy Management Software Market Analysis, Share and Size, Trends, Industry Growth And Segment Forecasts To 2023

Privacy Management Software Market Research Report Information, —By Application (Compliance Management, Risk Management, Reporting and Analytics), Deployment Mode, Vertical (Telecommunication & IT, BFSI, Government & Defense) – Global Forecast till 2023 Market Synopsis The Global Privacy Management Software market is expected to grow at a significant CAGR during the forecast period The reports of identity theft, accidental disclosure of customer and proprietary business information as well as successful attempts by hackers to infiltrate systems and take information are on rise. The growing concern for data privacy has increased the number of laws and regulations that are concerned regarding the information to be collected and maintained. The process of storing the information - how and where, as well as transfer of the information is being scrutinized. Get Sample Report @ https://www.marketresearchfuture.com/sample_request/7400 Segmentation The global Privacy Management Software Market is segmented into application, deployment mode, organization size, vertical and region/country. By application, the global privacy management software is segmented into compliance management, risk management, reporting and analytics, and others. By deployment mode, the global privacy management software is segmented into on-premises and cloud. By organization size, the global privacy management software is segmented into small and medium-sized enterprises (SMEs) and large enterprises. Check Discount @ https://www.marketresearchfuture.com/check-discount/7400 Regional analysis The global market for privacy management software is expected to grow at a significant CAGR during the forecast period. The geographical analysis of privacy management software market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Key Players The key players in the privacy management software market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are— Nymity Inc. (US), OneTrust, LLC (UK), TrustArc Inc (US), SIMBUS, LLC. (US), BigID, Inc. (US), International Business Machines Corporation (US), Protiviti Inc. (US), Proteus-Cyber Ltd. (UK), 2B Advice LLC (US), TokenEx (US), SureCloud (UK), AURA DIFUSION S.L.(US) Get More Information @ https://www.marketresearchfuture.com/press-release/privacy-management-software-market Intended Audience • Government Agencies • Privacy Management Software Service/Solution Providers • Financial Advisory/Consulting Firms • System Integrators • Research Institutes and Organizations • Technology Standards Organizations • Venture capitalist/angel investors • Information security directors/managers

Soil Stabilization Materials Market Is Expected To Register a CAGR of 6.6% during 2018-2028

Future Market Insights has announced the addition of the “Soil Stabilization Materials Market Global Industry Analysis 2018 - 2028 " report to their offering

Furfuryl Alcohol Market Approach A Value Worth US$ 1,493.7 Mn By The End Of 2028

Future Market Insights has announced the addition of the “Furfuryl Alcohol Market Global Industry Analysis 2018 - 2028 " report to their offering

High Abuse Shrink Bags Market Detailed Analytical Overview by 2027

High Abuse Shrink Bags Market: Global Industry Analysis and Opportunity Assessment 2017-2027

Plastic-Free Packs Market Registering a Strong Growth by 2027

Plastic-Free Packs Market: Global Industry Analysis and Opportunity Assessment 2017-2027