Press release
Hemoglobin A1c (HbA1c) Testing Market Report 2024: Innovations in Diabetes Management
Hemoglobin A1c (HbA1c) Testing Market Report
The new report published by The Business Research Company, titled Hemoglobin A1c (HbA1c) Testing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the hemoglobin A1c (HbA1c) testing market size has grown rapidly in recent years. It will grow from $1.66 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The hemoglobin A1c (HbA1c) testing market size is expected to see rapid growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
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What Is Driving The Growth Of The Global Hemoglobin A1c (HbA1c) Testing Market?
Increasing Diabetes Prevalence To Boost HbA1c Testing Demand
The increasing prevalence of diabetes is expected to propel the growth of the hemoglobin A1c (HbA1c) testing market going forward. Diabetes is a chronic medical condition where the body cannot properly regulate blood glucose levels due to insufficient insulin production or insulin resistance. The diabetes case are rising due to poor diet, especially high consumption of processed foods and sugary drinks, and sedentary lifestyles characterized by minimal physical activity. Moreover, the aging population and family history of diabetes increase the probability of diabetes. HbA1c testing is used to monitor long-term blood glucose control in individuals with diabetes by measuring the average level of blood sugar over the past 2-3 months. For instance, in June 2023, according to the data published by The Lancet, a UK-based book and periodic data publishing organization, global diabetes cases are projected to increase from 529 million in 2021 to 1.3 billion by 2050. Therefore, the increasing prevalence of diabetes will drive the growth of the hemoglobin A1c (HbA1c) testing market.
What Is The Key Trend In The Global Hemoglobin A1c (HbA1c) Testing Market?
New Rapid And Precise HPLC Analyzers Advances HbA1c Testing Market
Major companies operating in the hemoglobin A1c (HbA1c) testing market are focusing on the development of automated HbA1c analyzers, such as high-performance liquid chromatography (HPLC) technology-based solutions, to enhance accuracy and efficiency in diabetes diagnosis and monitoring. High-performance liquid chromatography (HPLC) technology-based solutions in HbA1c testing refers to advanced methods for accurately measuring hemoglobin variants in blood to monitor long-term glucose control in diabetic patients. For instance, in June 2021, Trivitron Healthcare Private Limited, an India-based healthcare and medical technology company, launched the NANO H5 and NANO H110. The NANO H5 is a compact, automated HPLC analyzer that provides quantitative determination of glycated hemoglobin (HbA1c) in human whole blood with a processing time of 130 seconds, allowing for rapid laboratory turnaround. It can process up to five samples simultaneously. The NANO H110 is another compact, automated HPLC analyzer that features dual test modes for both HbA1c and Hb Variant detection. It includes advanced features such as a barcode scanner and cap piercing, with a high sample loading capacity of 110 samples, making it ideal for medium- to large-sized laboratories.
How Is The Global Hemoglobin A1c (HbA1c) Testing Market Segmented?
The hemoglobin A1c (HbA1c) testing market covered in this report is segmented -
1) By Type: Laboratory Based Testing, Point Of Care (PoC) Testing
2) By Product Type: Instruments, Reagents, Kits
3) By Technology: Immunoassays, Chromatography, Enzymatic Assays, Boronate Affinity Chromatography, High Performance Liquid Chromatography, Other Technologies
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Homecare Settings, Other End Users
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How Is The Competitive Landscape Of The Global Hemoglobin A1c (HbA1c) Testing Market?
Major companies operating in the hemoglobin A1c (HbA1c) testing market are Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers, Tosoh Corporation, Hitachi High-Technologies Corporation, Beckman Coulter Inc, Sysmex Corporation, Bio Rad Laboratories Inc, ARKRAY Inc, Randox Laboratories Ltd, Ortho Clinical Diagnostics, Agappe Diagnostics Ltd, SEKISUI Diagnostics LLC, Helena Laboratories, Transasia Bio Medicals Ltd, EKF Diagnostics, Trinity Biotech plc, HemoCue AB, CPC Diagnostics Pvt Ltd, PTS Diagnostics, Menarini Diagnostics srl, Diazyme Laboratories Inc, Osang HealthCare Co Ltd, Eurolyser Diagnostica GmbH, DiaSys Diagnostic Systems GmbH
Contents Of The Global Hemoglobin A1c (HbA1c) Testing Market
1. Executive Summary
2. Hemoglobin A1c (HbA1c) Testing Market Report Structure
3. Hemoglobin A1c (HbA1c) Testing Market Trends And Strategies
4. Hemoglobin A1c (HbA1c) Testing Market - Macro Economic Scenario
5. Hemoglobin A1c (HbA1c) Testing Market Size And Growth
…..
27. Hemoglobin A1c (HbA1c) Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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