Medical Devices / HbA1c Testing Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions, And By Key Players: Bio-Rad Laboratories Inc. (NYSE: BIO), Abbott Laboratories (NYSE: ABT), Danaher Corporation (NYSE: DHR)
HbA1c Testing Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Bio-Rad Laboratories Inc. (NYSE: BIO), Abbott Laboratories (NYSE: ABT), Danaher Corporation (NYSE: DHR)
Registering a CAGR of 12.3% over the forecast period, the market value of HbA1c Testing is expected to reach US$ 2,292.44million in the year 2027.
HbA1c Testing Market Overview
Hemoglobin A1c Testing Devices are used to diagnose and monitor type 1 and type 2 diabetes. Hemoglobin A1c test results reflect an individual's average blood sugar levels over the previous two to three months. The rising prevalence of diabetes is expected to drive growth in the global hemoglobin A1c testing devices market over the forecast period.
The rising prevalence of diabetes is expected to drive growth in the global HbA1c Analyzers Market over the forecast period. Furthermore, rising elderly populations, expanding healthcare infrastructure, and a high incidence of undiagnosed diabetes in emerging countries are expected to drive market growth throughout the forecast period.
Rising per capita disposable income and developing healthcare infrastructure are the primary drivers of market growth. The introduction of advanced innovations in treatment options is propelling the market's growth. Diabetes is becoming more prevalent as a result of poor dietary choices, a lack of physical activity, and increased stress levels, and physicians are prescribing the HbA1c test fasting to their patients, fueling the growth of the HbA1c testing market.
A large number of employers around the world have implemented wellness programmes that require employees to undergo routine medical tests in order to maintain overall productivity and resource efficiency. These initiatives, in which an employee's diagnostic tests and, in some cases, treatments are sponsored, have significantly increased the testing volume of clinical laboratories, thereby driving market revenue. Furthermore, in the case of infectious diseases that affect a large number of people at the same time, such wellness programs play an important role in restoring overall productivity.
The report aspects discussed the profile of the top manufacturers of the global HbA1c Testing market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined HbA1c Testing Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in the HbA1c Testing Market?
The global HbA1c Testing includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Bio-Rad Laboratories Inc. (NYSE: BIO), Abbott Laboratories (NYSE: ABT), ARKRAY, Inc. (Japan), Danaher Corporation (NYSE: DHR), Hoffmann-La Roche Ltd (Switzerland), Transasia Bio-Medicals (India), Siemens Healthineers (US), EKF Diagnostics (UK), PTS Diagnostics (US), Agappe Diagnostics Ltd (India), Trinity Biotech PLC (Ireland), DiaSys Diagnostic Systems GmbH (Germany), CPC Diagnostics Pvt. Ltd. (India), Tosoh India Pvt. Ltd (India), Rapid Diagnostics Group of Companies (India) and others.
Industry News and Updates:
The distribution agreement between EKF and Tosoh Europe N.V. broadens the reach of HbA1c POC testing in the Middle East and Africa.
May 2020--EKF Diagnostics, a global in-vitro diagnostics company, has signed a three-year distribution agreement with Tosoh Europe N.V. for the Middle East and Africa distribution of its Quo-Test® HbA1c point-of-care (POC) analyzer. Tosoh Bioscience is a global leader in the production of high-performance liquid chromatography (HPLC) equipment for glycated hemoglobin analysis, primarily in core laboratories. EKF's Quo-Test analyzer complements Tosoh's HPLC technology as a desktop analyzer designed for simple and reliable HbA1c measurement in POC settings such as diabetes clinics and doctors' offices.
What are the major Applications, Types, and Regions for the HbA1c Testing Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
Bench-top Devices
Compact Devices
Portable Devices
By Application, it is segmented into
Hospitals &clinics
Diagnostic laboratories
Others
HbA1c Testing Market Regional Analysis
The rising geriatric diabetes population, combined with the growing need for continuous glucose level monitoring, is driving the HbA1c testing market growth. Furthermore, factors such as the presence of prominent players with diverse product portfolios and the large number of laboratories offering HbA1c testing are driving the growth of this market in the region.
Furthermore, an increase in awareness about the availability of novel tests, as well as the growing adoption of hbA1c testing due to increased prescriptions by physicians and endocrinologists, contribute to North America's current market dominance. Furthermore, favorable reimbursements and adequate insurance coverage contribute to North America's dominance in the global HbA1c testing market.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The HbA1c Testing Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global HbA1c Testing Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our HbA1c Testing Market report scope?
Scope of the Report covers HbA1c Testing Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this HbA1c Testing Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes
Report Details
Report Title
HbA1c Testing Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Bio-Rad Laboratories Inc. (NYSE: BIO), Abbott Laboratories (NYSE: ABT), Danaher Corporation (NYSE: DHR)
Forecast Period 2022 to 2027 CAGR
CAGR of 12.3% over the forecast period (2022-2027)
By Type
Bench-top Devices
Compact Devices
Portable Devices
By Application
Hospitals &clinics
Diagnostic laboratories
Others
By Companies
Bio-Rad Laboratories, Inc. (US), Abbott Laboratories (US), ARKRAY, Inc. (Japan), Danaher Corporation (US), Hoffmann-La Roche Ltd (Switzerland), Transasia Bio-Medicals (India), Siemens Healthineers (US), EKF Diagnostics (UK), PTS Diagnostics (US), Agappe Diagnostics Ltd (India), Trinity Biotech PLC (Ireland), DiaSys Diagnostic Systems GmbH (Germany), CPC Diagnostics Pvt. Ltd. (India), Tosoh India Pvt. Ltd (India), Rapid Diagnostics Group of Companies (India)
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
90
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this HbA1c Testing Report
Evaluate HbA1c Testing market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
Get a quick outlook on the HbA1c Testing market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The HbA1c Testing Market is studied from 2017 - 2027.
What is the growth rate of the HbA1c Testing Market?
The HbA1c Testing Market is growing at a CAGR of 12.3% over the next 5 years.
Who are the key players in HbA1c Testing Market?
Bio-Rad Laboratories, Inc. (US), Abbott Laboratories (US), ARKRAY, Inc. (Japan), Danaher Corporation (US), Hoffmann-La Roche Ltd (Switzerland), Transasia Bio-Medicals (India), Siemens Healthineers (US), EKF Diagnostics (UK), PTS Diagnostics (US), Agappe Diagnostics Ltd (India), Trinity Biotech PLC (Ireland), DiaSys Diagnostic Systems GmbH (Germany), CPC Diagnostics Pvt. Ltd. (India), Tosoh India Pvt. Ltd (India), Rapid Diagnostics Group of Companies (India)
What regions does this HbA1c Testing Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of HbA1c Testing Market?
What are the major end-use applications of HbA1c Testing Market?
Hospitals &clinics, diagnostic laboratories, and others.
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
