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Detailed examination of the global HbA1c testing device market forecast to 2022

Medical Market Research

Global HbA1c Testing Device Market segmented by product (Handheld Device, Bench-top Device) and by Application (Hospital, Homecare) – Forecast to 2022

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 “Global HbA1c Testing Device Market Research Report 2017”

As per the report, the Global HbA1c Testing Device Market represented around USD 1.15 billion of every 2017 and is required to reach roughly USD 2.18 billion by 2022, developing at a CAGR of around 10 % in the vicinity of 2017 and 2022.

In 2017, around 5.0 million deaths are due to diabetes.  Moreover, emerging technologies for diabetes management and increasing awareness of diabetes preventive care are projected to fuel the growth of HbA1c testing device market.

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In addition, increasing doctor’s prescription pattern for HbA1c testing is a key factor for generating more demand for the HbA1c testing device.

Hemoglobin is the red protein particle in charge of conveying oxygen from lung to the body's organ and tissues. Glucose particle adheres to the N-terminal amino corrosive of the hemoglobin atom by no enzymatic connection to shape a hemoglobin A1c or HbA1c, likewise called as glycosylated hemoglobin particle.

Diabetes mellitus is a typical type of diabetes, caused by pancreatic insulin insufficiency, which influences utilization of starch and sugar. HbA1c level mirrors the normal glucose fixation over the past period and gives a vastly improved sign of body glucose control than urinary and blood glucose conclusions.

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The growth of HbA1c testing device market is propelled by increasing number of diabetes population. Geriatric and obese populations are more prone to diabetes mellitus.

Globally, USD 673 billion healthcare expenditure is spent on diabetes management which is 12% of total healthcare expenditure.

Top Key Players In Global HbA1c Testing Device Market

Global HbA1c testing Device market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top player’s including

  • Transasia Biomedicals ltd
  • Abbott Laboratories
  • Alere
  • Arkray
  • Bio-Rad Laboratories
  • Danaher Corporation
  • F. Hoffmann-La Roche Ltd
  • Siemens Healthcare
  • Trinity Biotech plc

On another hand, the high cost of device and limitation of results of the certain population like pregnant, elderly and non-Hispanic black could be a roadblock in the market. Nonetheless, untapped market and increasing demand for medical tourism in emerging markets are likely to open new opportunities in the forecast period.

Based on the device type, the market of the HbA1c testing device has been classified into the handheld device and bench-top device. Bench-top HbA1c testing device is widely used in the diagnostic laboratory due to minimal handling and fastest & accurate results.

Bench-top HbA1c testing device segment has acquired the largest market share of more than 65% in 2015 compared to the handheld device and in forecast period handheld HbA1c testing device is projected to grow at the healthy rate.

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Market Segments

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • Handheld Device
  • Bench-top Device

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of HbA1c Testing Device for each application, including

  • Hospital
  • Homecare
  • Diagnostic Laboratory

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of HbA1c Testing Device in these regions, from 2012 to 2022 (forecast), covering

  • North America
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India

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