GLYCATED HEMOGLOBIN TESTING MARKET REPORT OVERVIEW
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The global glycated hemoglobin testing marketsize was USD 287.2 million in 2019 and the market is projected to touch USD 464.9 million by 2026, exhibiting a CAGR of 7.0% during the forecast period.
Glycated Hemoglobin Testing assesses the proportion of hemoglobin that has undergone glycation, meaning it has glucose molecules bonded to it. The primary focus of measurement is Hemoglobin A1c. This test holds significant importance for individuals with diabetes since it offers a more extended perspective on blood sugar levels, contrasting with the daily monitoring of glucose levels.
These kits usually contain essential reagents and tools suitable for both laboratory and point-of-care testing. They empower healthcare professionals to evaluate a patient's average blood sugar levels over a specific duration. In clinical laboratories, automated analyzers are employed to handle and analyze blood samples for HbA1c levels. These devices frequently deliver accurate and dependable results, playing a crucial role in enhancing the efficiency of patient care.
COVID-19 Impact: Increased Awareness among Population to Fuel Market Growth
The awareness of the significance of monitoring and effectively managing chronic conditions like diabetes has been intensified by the pandemic. This heightened awareness could potentially result in an increased number of individuals actively pursuing glycated hemoglobin testing as a means to gain better insights into and manage their diabetes.
Routine healthcare services have been interrupted by the pandemic, causing delays in non-urgent medical procedures and examinations. This disruption may have led to a reduction in the number of glycated hemoglobin tests conducted, particularly during specific periods of lockdowns and restrictions.
LATEST TRENDS
"Point-of-Care Testing, Technological Advancements to Drive Market Growth"
Point-of-Care Testing (POCT) pertains to diagnostic tests conducted in close proximity to the patient, usually by healthcare professionals, eliminating the requirement for intricate and centralized laboratory facilities. Regarding glycated hemoglobin testing, this shift encompasses the creation and application of devices and technologies facilitating swift and convenient testing beyond the conventional laboratory environment. An essential benefit of POCT in glycated hemoglobin testing lies in its capacity to deliver prompt results. This proves especially crucial in diabetes management, enabling healthcare providers to make immediate decisions during patient visits. Continual technological progress, characterized by the refinement of precise testing techniques and the integration of digital health solutions, played a significant role. These advancements were directed at improving the effectiveness and convenience of glycated hemoglobin testing.
GLYCATED HEMOGLOBIN TESTING MARKET SEGMENTATION
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- By Type
Based on type the global glycated hemoglobin testing market can be categorized into Lab Based Test, and Point-of-Care Test.
Lab Based Test: Glycated hemoglobin tests conducted in laboratories entail the gathering of blood samples, subsequently processed and analyzed within centralized labs featuring advanced instrumentation. This approach guarantees thorough and precise outcomes, proving well-suited for in-depth evaluations of average blood sugar levels across an extended timeframe. Despite potentially requiring a longer processing time, lab-based testing is renowned for its elevated precision and reliability, specifically addressing the needs of larger healthcare facilities.
Point-of-Care Test: Glycated hemoglobin Point-of-Care testing takes place in close proximity to the patient, providing swift results without the necessity of elaborate laboratory facilities. Typically conducted by healthcare professionals during patient visits, these tests enable immediate decision-making in diabetes management. Point-of-Care tests are acknowledged for their accessibility, rapid processing, and applicability in decentralized healthcare environments such as clinics and primary care facilities. They play a role in timely interventions and foster increased patient involvement in diabetes management.
- By Application
Based on application the global glycated hemoglobin testing market can be categorized into Hospitals, Clinics, Diagnostic Laboratories, and Academic and Research Institutes.
Hospitals: Glycated hemoglobin testing serves as a fundamental diagnostic tool in hospitals, employed for monitoring and overseeing diabetes in both inpatient and outpatient settings. Its essential role lies in evaluating the long-term control of blood sugar levels in individuals with diabetes, providing critical information for treatment decision-making. This application ensures thorough and holistic care within the hospital environment.
Clinics: Within clinics, glycated hemoglobin testing plays a crucial role in the regular management of diabetes. Providing accessibility and convenience, clinics utilize this testing method to swiftly evaluate average blood sugar levels during patient visits. The outcomes assist healthcare providers in making immediate, real-time decisions, thereby facilitating efficient diabetes care within a primary care setting.
Diagnostic Laboratories: Diagnostic laboratories are pivotal in the glycated hemoglobin testing market as they offer centralized testing services. Managing substantial sample volumes, these labs guarantee thorough and precise evaluations of HbA1c levels. The outcomes significantly enhance the diagnostic capabilities of healthcare systems and contribute to the broader-scale management of diabetes.
Academic and Research Institutes: Academic and research institutes play a role in shaping the glycated hemoglobin testing field through involvement in studies and research projects associated with diabetes management. These institutions undertake clinical trials, explore novel testing methodologies, and actively contribute to innovative approaches for assessing glycated hemoglobin. Their research endeavors significantly contribute to the advancement of knowledge and treatment modalities in the field of diabetes.
DRIVING FACTORS
"Rising Diabetes Incidence to Boost the Market"
The escalating global prevalence of diabetes stands as a pivotal catalyst propelling the glycated hemoglobin testing market growth of glycated hemoglobin testing. With the expanding number of individuals affected by diabetes, there is a corresponding surge in the market demand for efficient and continuous monitoring of blood sugar levels.
"Growing Awareness and Focus on Preventive Healthcare to Expand the Market"
The heightened awareness regarding the significance of early diagnosis and preventive healthcare measures has led to an augmented demand for glycated hemoglobin testing. People are increasingly taking a proactive approach to monitor and manage their health, particularly in dealing with chronic conditions such as diabetes.
RESTRAINING FACTOR
"Cost Constraints to Potentially Impede Market Growth"
The expenses linked to glycated hemoglobin testing, particularly in specific regions, might restrict access for certain patients. Affordability concerns have the potential to impede the widespread adoption of these tests, particularly in healthcare settings with limited resources.
GLYCATED HEMOGLOBIN TESTING MARKET REGIONAL INSIGHTS
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"North America Region Dominating the Market is driven by the robust healthcare infrastructure"
A substantial glycated hemoglobin testing market share is attributed to the elevated occurrence of diabetes and a robust healthcare infrastructure. Noteworthy adoption of advanced technology, emphasizing inventive testing approaches, further contributes to securing a significant market share. Market dynamics are significantly influenced by the regulatory landscape and reimbursement policies in place.
KEY INDUSTRY PLAYERS
"Key Industry Players Shaping the Market through diverse portfolios"
Prominent players in the Glycated Hemoglobin Testing Market include leading global healthcare companies with diverse portfolios, encompassing diagnostic solutions.
List of Market Players Profiled
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Abbott (U.S.)
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Bio-Rad Laboratories (U.S.)
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Danaher (U.S.)
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EKF Diagnostics (U.K.)
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F. Hoffmann-La Roche (Switzerland)
INDUSTRIAL DEVELOPMENT
December 2023: The Glycated Hemoglobin Testing market is positioned for ongoing growth in the forthcoming years, driven by a rising need for sustainable and inventive products, coupled with the widespread integration of technology.
REPORT COVERAGE
The future demand for glycated hemoglobin testing market is covered in this study. The Research report includes the Increased Awareness due to the Covid-19 Impact. The report covers the latest trends in Point-of-Care Testing. The paper includes a segmentation of the glycated hemoglobin testing market. The research paper includes the driving factors that are Rising Diabetes Incidence to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for glycated hemoglobin testing.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 287.2 Million in 2019 |
Market Size Value By |
US$ 464.9 Million by 2026 |
Growth Rate |
CAGR of 7% from 2019 to 2026 |
Forecast Period |
2023-2026 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
|
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the glycated hemoglobin testing market expected to touch by 2026?
The global glycated hemoglobin testing market is expected to reach 464.9 million by 2026.
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What CAGR is the glycated hemoglobin testing market expected to exhibit by 2026?
The glycated hemoglobin testing market is expected to exhibit a CAGR of 7.0% by 2026.
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Which are the driving factors of the glycated hemoglobin testing market?
Rising Diabetes Incidence, and Growing Awareness and Focus on Preventive Healthcare are some of the driving factors of glycated hemoglobin testing market.
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What are the key glycated hemoglobin testing market segments?
The key market segmentation that you should be aware of, which include, Based on type the glycated hemoglobin testing market is classified as Lab Based Test, and Point-of-Care Test. Based on application glycated hemoglobin testing market is classified as Hospitals, Clinics, Diagnostic Laboratories, and Academic and Research Institutes.