The poc hba1c testing market size has grown rapidly in recent years. It will grow from $0.85 billion in 2023 to $0.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The expansion observed in the historical period can be attributed to strong economic growth in emerging markets, an increase in diabetes prevalence, a rise in COVID-19 cases, and an increase in disposable income.
The poc hba1c testing market size is expected to see rapid growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period can be attributed to rising government support, an increasing prevalence of diabetes, particularly type II diabetes, the easy accessibility of POC tests, and the faster availability of results in POC testing compared to conventional laboratory testing procedures. Key trends expected in the forecast period include a focus on HbA1c microfluidic immunofluorescence tests, the increasing use of home collection HbA1c testing kits, a focus on HbA1c tests using capillary electrophoresis technology, and advances in testing technologies.
The anticipated increase in diabetes prevalence is set to drive the growth of the POC HbA1C testing market. Factors such as prolonged working hours, sedentary lifestyles, and unhealthy dietary habits contribute to the rise in diabetes cases. The diagnosis and monitoring of diabetes can be facilitated by point-of-care (POC) HbA1c assays, enabling community settings and healthcare facilities without laboratories to address the disease. As per the International Diabetes Federation's data from December 2021, around 537 million adults aged 20-79 are afflicted by diabetes, a figure expected to reach 643 million by 2030 and 783 million by 2045. Hence, the escalating diabetes prevalence serves as a driving force for the growth of the POC HbA1C testing market.
Government support is poised to be a significant contributor to the expansion of the POC HbA1c testing market in the forecast period. Increased government initiatives to enhance public awareness about available healthcare solutions are bolstering overall market growth. In August 2022, the government of Kenya entered a memorandum of understanding with Novo Nordisk, a Denmark-based pharmaceutical company, aiming to supply medical commodities for the treatment and self-care of type 1 diabetes in children. The collaboration involves improving diabetes clinics' infrastructure, supplying medical and laboratory equipment, training healthcare professionals, and providing free insulin and blood glucose monitoring supplies to children and teenagers. This growing government support is expected to be a driving factor for the POC HbA1c testing market.
Technological advancements represent a notable trend gaining traction in the POC HbA1C testing market. Major market players are channeling investments into developing advanced technologies to provide rapid and accurate results, helping laboratories manage the increasing demand for testing. Abbott, a prominent U.S.-based medical devices and healthcare company, introduced the Afinion HbA1c Dx assay. This in vitro diagnostic test, designed for the Afinion 2 Analyzer and Afinion AS100 Analyzer, is the only rapid POC test cleared by the U.S. FDA to aid healthcare professionals in diagnosing diabetes and assessing the patient's risk. Delivering reliable results of glycated hemoglobin in just three minutes, the Afinion HbA1c Dx assay facilitates quick evaluation and individualized care planning during a single doctor's visit.
The rise of home collection HbA1c testing kits has emerged as a growing trend in POC HbA1c testing, offering patients the convenience of collecting blood samples at home. These kits allow users to send their samples to a laboratory for analysis, providing a accessible option for monitoring blood glucose control in diabetes patients. Labcorp, an American healthcare company, introduced the Diabetes Risk (HbA1c) at-home collection test in response to the COVID-19 pandemic, allowing diabetic patients to manage their condition at home while minimizing exposure to the virus. This shift towards home testing demonstrates the adaptability of POC HbA1c testing to changing healthcare needs.
In August 2022, Precision Diabetes, Inc., a U.S.-based biotechnology research company, and DxGen Corp., a South Korea-based diagnostic manufacturing company, formed an exclusive partnership in the United States. The collaboration aims to market Epithod AutoDx, an automated POC analyzer that analyzes a comprehensive profile of diabetes tests. The system is designed for use in smaller laboratories, outpatient clinics, and hospitals, providing real-time actionable test findings for practitioners. Precision Diabetes, Inc. utilizes advanced diabetic biomarkers and algorithms for precision medicine in diabetes, while DxGen Corp. is a global manufacturer of Point-Of-Care (POC) diagnostics. This partnership underscores the global collaboration driving innovation in POC HbA1c testing.
Major companies operating in the poc hba1c testing market report are F. Hoffmann-La Roche Ltd., Siemens Healthineers AG, Bio-Rad Laboratories Inc., Menarini Group, Danaher Corporation, Tosoh Bioscience Inc., ARKRAY Inc., i-SENS, Inc., Abbott Laboratories, Trinity Biotech PLC, Aina Blood Monitoring Sysyem, Getein Biotech Inc., Sugentech, Inc., Alere Inc., bioMerieux, EKF Diagnostics, HemoCue, PTS Diagnostics, Diazyme Laboratories, Osang Healthcare, Ortho Clinical Diagnostics, Ascensia, Platinum Equity (LifeScan), Becton Dickinson and Company, Medtronic PLC, Kainico Ltd., Evia Medical Technologies, Agamatrix Inc., Bionime Corporation, B Braun Melsungen AG.
North America was the largest region in the POC HbA1C testing market in 2023. 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 countries covered in the poc hba1c testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The main products of POC HbA1C testing include instruments and consumables. Instruments refer to measuring devices for determining the present value of a quantity under observation. The technologies involved in POC HbA1C testing include ion-exchange HPLC, enzymatic assay, affinity binding chromatography, turbidimetric inhibition immunoassay, and others. Various end-users utilize these testing devices, including hospitals, physician offices or outpatient centers, home care providers, and other end-users.
The Poc Hba1C testing market research report is one of a series of new reports that provides Poc Hba1C testing market statistics, including Poc Hba1C testing industry global market size, regional shares, competitors with a Poc Hba1C testing market share, detailed Poc Hba1C testing market segments, market trends and opportunities, and any further data you may need to thrive in the Poc Hba1C testing industry. This Poc Hba1C testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The POC HbA1C testing market consists of sales of small instruments, portable instruments, and HbA1C testing devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The poc hba1c testing market size is expected to see rapid growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period can be attributed to rising government support, an increasing prevalence of diabetes, particularly type II diabetes, the easy accessibility of POC tests, and the faster availability of results in POC testing compared to conventional laboratory testing procedures. Key trends expected in the forecast period include a focus on HbA1c microfluidic immunofluorescence tests, the increasing use of home collection HbA1c testing kits, a focus on HbA1c tests using capillary electrophoresis technology, and advances in testing technologies.
The anticipated increase in diabetes prevalence is set to drive the growth of the POC HbA1C testing market. Factors such as prolonged working hours, sedentary lifestyles, and unhealthy dietary habits contribute to the rise in diabetes cases. The diagnosis and monitoring of diabetes can be facilitated by point-of-care (POC) HbA1c assays, enabling community settings and healthcare facilities without laboratories to address the disease. As per the International Diabetes Federation's data from December 2021, around 537 million adults aged 20-79 are afflicted by diabetes, a figure expected to reach 643 million by 2030 and 783 million by 2045. Hence, the escalating diabetes prevalence serves as a driving force for the growth of the POC HbA1C testing market.
Government support is poised to be a significant contributor to the expansion of the POC HbA1c testing market in the forecast period. Increased government initiatives to enhance public awareness about available healthcare solutions are bolstering overall market growth. In August 2022, the government of Kenya entered a memorandum of understanding with Novo Nordisk, a Denmark-based pharmaceutical company, aiming to supply medical commodities for the treatment and self-care of type 1 diabetes in children. The collaboration involves improving diabetes clinics' infrastructure, supplying medical and laboratory equipment, training healthcare professionals, and providing free insulin and blood glucose monitoring supplies to children and teenagers. This growing government support is expected to be a driving factor for the POC HbA1c testing market.
Technological advancements represent a notable trend gaining traction in the POC HbA1C testing market. Major market players are channeling investments into developing advanced technologies to provide rapid and accurate results, helping laboratories manage the increasing demand for testing. Abbott, a prominent U.S.-based medical devices and healthcare company, introduced the Afinion HbA1c Dx assay. This in vitro diagnostic test, designed for the Afinion 2 Analyzer and Afinion AS100 Analyzer, is the only rapid POC test cleared by the U.S. FDA to aid healthcare professionals in diagnosing diabetes and assessing the patient's risk. Delivering reliable results of glycated hemoglobin in just three minutes, the Afinion HbA1c Dx assay facilitates quick evaluation and individualized care planning during a single doctor's visit.
The rise of home collection HbA1c testing kits has emerged as a growing trend in POC HbA1c testing, offering patients the convenience of collecting blood samples at home. These kits allow users to send their samples to a laboratory for analysis, providing a accessible option for monitoring blood glucose control in diabetes patients. Labcorp, an American healthcare company, introduced the Diabetes Risk (HbA1c) at-home collection test in response to the COVID-19 pandemic, allowing diabetic patients to manage their condition at home while minimizing exposure to the virus. This shift towards home testing demonstrates the adaptability of POC HbA1c testing to changing healthcare needs.
In August 2022, Precision Diabetes, Inc., a U.S.-based biotechnology research company, and DxGen Corp., a South Korea-based diagnostic manufacturing company, formed an exclusive partnership in the United States. The collaboration aims to market Epithod AutoDx, an automated POC analyzer that analyzes a comprehensive profile of diabetes tests. The system is designed for use in smaller laboratories, outpatient clinics, and hospitals, providing real-time actionable test findings for practitioners. Precision Diabetes, Inc. utilizes advanced diabetic biomarkers and algorithms for precision medicine in diabetes, while DxGen Corp. is a global manufacturer of Point-Of-Care (POC) diagnostics. This partnership underscores the global collaboration driving innovation in POC HbA1c testing.
Major companies operating in the poc hba1c testing market report are F. Hoffmann-La Roche Ltd., Siemens Healthineers AG, Bio-Rad Laboratories Inc., Menarini Group, Danaher Corporation, Tosoh Bioscience Inc., ARKRAY Inc., i-SENS, Inc., Abbott Laboratories, Trinity Biotech PLC, Aina Blood Monitoring Sysyem, Getein Biotech Inc., Sugentech, Inc., Alere Inc., bioMerieux, EKF Diagnostics, HemoCue, PTS Diagnostics, Diazyme Laboratories, Osang Healthcare, Ortho Clinical Diagnostics, Ascensia, Platinum Equity (LifeScan), Becton Dickinson and Company, Medtronic PLC, Kainico Ltd., Evia Medical Technologies, Agamatrix Inc., Bionime Corporation, B Braun Melsungen AG.
North America was the largest region in the POC HbA1C testing market in 2023. 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 countries covered in the poc hba1c testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The main products of POC HbA1C testing include instruments and consumables. Instruments refer to measuring devices for determining the present value of a quantity under observation. The technologies involved in POC HbA1C testing include ion-exchange HPLC, enzymatic assay, affinity binding chromatography, turbidimetric inhibition immunoassay, and others. Various end-users utilize these testing devices, including hospitals, physician offices or outpatient centers, home care providers, and other end-users.
The Poc Hba1C testing market research report is one of a series of new reports that provides Poc Hba1C testing market statistics, including Poc Hba1C testing industry global market size, regional shares, competitors with a Poc Hba1C testing market share, detailed Poc Hba1C testing market segments, market trends and opportunities, and any further data you may need to thrive in the Poc Hba1C testing industry. This Poc Hba1C testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The POC HbA1C testing market consists of sales of small instruments, portable instruments, and HbA1C testing devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Poc Hba1C Testing Market Characteristics3. Poc Hba1C Testing Market Trends and Strategies32. Global Poc Hba1C Testing Market Competitive Benchmarking33. Global Poc Hba1C Testing Market Competitive Dashboard34. Key Mergers and Acquisitions in the Poc Hba1C Testing Market
4. Poc Hba1C Testing Market - Macro Economic Scenario
5. Global Poc Hba1C Testing Market Size and Growth
6. Poc Hba1C Testing Market Segmentation
7. Poc Hba1C Testing Market Regional and Country Analysis
8. Asia-Pacific Poc Hba1C Testing Market
9. China Poc Hba1C Testing Market
10. India Poc Hba1C Testing Market
11. Japan Poc Hba1C Testing Market
12. Australia Poc Hba1C Testing Market
13. Indonesia Poc Hba1C Testing Market
14. South Korea Poc Hba1C Testing Market
15. Western Europe Poc Hba1C Testing Market
16. UK Poc Hba1C Testing Market
17. Germany Poc Hba1C Testing Market
18. France Poc Hba1C Testing Market
19. Italy Poc Hba1C Testing Market
20. Spain Poc Hba1C Testing Market
21. Eastern Europe Poc Hba1C Testing Market
22. Russia Poc Hba1C Testing Market
23. North America Poc Hba1C Testing Market
24. USA Poc Hba1C Testing Market
25. Canada Poc Hba1C Testing Market
26. South America Poc Hba1C Testing Market
27. Brazil Poc Hba1C Testing Market
28. Middle East Poc Hba1C Testing Market
29. Africa Poc Hba1C Testing Market
30. Poc Hba1C Testing Market Competitive Landscape and Company Profiles
31. Poc Hba1C Testing Market Other Major and Innovative Companies
35. Poc Hba1C Testing Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Poc Hba1C Testing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on poc hba1c testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for poc hba1c testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: F. Hoffmann-La Roche Ltd; Siemens Healthineers AG; Bio-Rad Laboratories Inc; Menarini Group; Danaher Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- F. Hoffmann-La Roche Ltd
- Siemens Healthineers AG
- Bio-Rad Laboratories Inc
- Menarini Group
- Danaher Corporation
- Tosoh Bioscience Inc
- ARKRAY Inc
- i-SENS, Inc
- Abbott Laboratories
- Trinity Biotech plc
- Aina Blood Monitoring Sysyem
- Getein Biotech Inc
- Sugentech, Inc
- Alere Inc
- bioMerieux
- EKF Diagnostics
- HemoCue
- PTS Diagnostics
- Diazyme Laboratories
- Osang Healthcare
- Ortho Clinical Diagnostics
- Ascensia
- Platinum Equity (LifeScan)
- Becton Dickinson and Company
- Medtronic PLC
- Kainico Ltd
- Evia Medical Technologies
- Agamatrix Inc
- Bionime Corporation
- B Braun Melsungen AG.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 0.95 Billion |
Forecasted Market Value ( USD | $ 1.46 Billion |
Compound Annual Growth Rate | 11.4% |
Regions Covered | Global |
No. of Companies Mentioned | 30 |