HbA1c Testing Market 2020 by Top Key Players, Types, Applications and Future Forecast To 2027

 

Global HbA1c Testing  Market: Information by Product (Instruments (Bench-Top Device and Handheld Device) and Reagents and Kits), By Technology (Ion-Exchange High-Performance Liquid Chromatography (HPLC), Turbidimetric Inhibition Immunoassay (TINIA), Enzymatic Assay and Others), By End User (Hospitals and Clinics, Diagnostic Laboratories and Others) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027

Market Overview

The global HbA1c testing market will grow at a CAGR of 12.24% during the forecast period 2016 to 2025. The market for HbA1c testing is set to reach US$1,992.44 million by 2025. As per HbA1c testing market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing occurrences push for various testing methods  as well as the growing activities such as research and awareness drives. However, the market will face challenges and restraints due to slow economic growth and less spending on healthcare infrastructure during the forecast period 2016 to 2025.

Establishment of joint ventures by public and private organizations in the market will support the growth. As per market analysts, the HbA1c testing market based companies will face certain challenges during the forecast period 2016 to 2025. The market research report provides in-depth analysis of the product, end-users, technology, and region segments. The market research report presents factors such as lack of research that could slow down the HbA1c testing market's growth.

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Market Segmentation

The market has been segmented into product, end-users, technology, and region. Based on the segment which is the product, the market is categorized on the basis of instruments (bench-top device and handheld device) and reagents and kits). The global market for HbA1c testing is further segmented based on end-users into enzymatic assay, turbidimetric inhibition immunoassay (TINIA),ion-exchange high-performance liquid chromatography (HPLC), and others. Furthermore, the market, on the basis of technology is segmented into diagnostic laboratories, hospitals and clinics, and others.

The market report offers comprehensive study of the HbA1c testing market segments including product, end-users, technology, and region. The analysts have also studied the HbA1c testing market's spread across the regional markets across many of the market’s segments at country levels. The product, end-users, technology, and region segments spread across the HbA1c testing market along with the subsegments are studied. The global market for HbA1c testing is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global market research report presents key company profiles of organizations active across the market.

Regional Overview

The lack of investment into research and development may hinder the market growth. The market research report suggests that companies in the HbA1c testing market could be supported by the growing adoption of advanced diagnostic tools and devices as well as the strategic activities such as partnerships and agreements during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the HbA1c testing market is set to witness tremendous growth across product, end-users, technology, and region segments. The global HbA1c testing market’s North American region covers HbA1c testing markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.

The market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering HbA1c testing markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The HbA1c testing market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global market.

Competitive Landscape

HbA1c testing has seen tremendous growth, due to the developing healthcare infrastructure and increasing per capita disposable incomes. However, unfavorable policies and strict regulations would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period 2016 to 2025. As the market report suggests that the HbA1c testing market will register a CAGR of 12.24% and reach a US$1,992.44 million by 2025, the market report highlights key areas HbA1c testing market based companies need to focus on. The market research report projects a long term growth till 2025. Based on HbA1c testing market’s analysis on the basis of SWOT and Porters’ Five Force Model, the market will rise during the forecast period 2016 to 2025, however the companies need to move ahead with caution. The market research report highlights such key areas.

Industry News

Recently an amended guideline for patient practice guidelines in diabetes was issued by the United States Diabetes Association (ADA). Hemoglobin A1c (HbA1c) levels up to 6.5%2 will be used to detect diabetes according to these latest guidelines. Data obtained in the Diabetes Controlling and Complication Trial (DCCT) as well as several other trials carried out in the last two decades support this recommendation. This latest guideline was articulated with trained support by other scientific associations.

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