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Poc Hba1C Testing Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Poc Hba1C Testing Market Size By 2025?
Recently, the poc hba1c testing market has seen exponential growth. Its size is projected to expand from $0.92 billion in 2024 to $1.02 billion in 2025, with a compound annual growth rate (CAGR) of 10.6%. The significant growth noted in the historic period is a result of dynamic economic progression in emerging markets, a surge in the occurrence of diabetes, a rise in COVID-19 cases, as well as an elevation in disposable income.
How Big Is the Poc Hba1C Testing Market Size Expected to Grow by 2029?
The market size of poc hba1c testing is projected to experience a swift expansion in the coming years, escalating to $1.59 billion in 2029 at an 11.7% Compound Annual Growth Rate (CAGR). This surge in growth during the forecast period is ascribed to factors such as enhanced governmental backing, a rising incidence of type II diabetes, the easy reach of POC tests, and quicker result processing times with POC testing as opposed to traditional lab-testing methods. Dominant trends for the forecast period comprise focus on microfluidic immunofluorescence test for hba1c, escalating utilization of home-based hba1c testing kits, emphasis on capillary electrophoresis technology for hba1c testing, and progressive enhancements in testing technologies.
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Which Key Market Drivers Powering Poc Hba1C Testing Market Expansion and Growth?
The surge in diabetes occurrence is predicted to fuel the expansion of the POC HbA1C testing market. Factors such as extended work hours, inadequate physical activity, and unhealthy dietary and liquor habits add to the growing incidence of diabetes. Diabetes can be detected and tracked using point-of-care (POC) HbA1c tests that are useful in community environments and health care centers without laboratory facilities. For instance, as per the National Health Service (NHS), a UK government agency, the count of individuals under 40 suffering from diabetes has been seen to elevate dramatically from 173,166 in 2022 to 216,440 in 2023, demonstrating a worrying development in this age bracket. This information signifies a speedy escalation in diabetes occurrence among younger generations. As a result, the upswing in diabetes incidence is accelerating the growth of the POC HbA1c testing market.
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What Trends Will Shape the Poc Hba1C Testing Market Through 2029 and Beyond?
The expansion of technological innovation is a noteworthy trend gathering traction in the POC HbA1C testing market. Key participants in the market are pouring resources into developing superior technologies to deliver rapid, precise results ultimately aiding laboratories to address the rise in testing needs. For instance, Abbott, an American healthcare and medical device firm, launched Afinion HbA1c Dx assay, a diagnostic test used for the quantifiable determination of HbA1c in human blood, designed for use with the Afinion 2 Analyzer and also the Afinion AS100 Analyzer. The Afinion HbA1c Dx assay is the solitary swift POC test endorsed by the U.S. FDA to aid healthcare practitioners in diagnosing diabetes and estimating a patient's likelihood of developing the condition. The test provides trustworthy and precise results of 1,2 glycated hemoglobin in a mere three minute time, enabling doctors to assess their patients and construct personalized care plans within a single consultation.
What Are the Emerging Segments in the Poc Hba1C Testing Market?
The poc hba1c testing market covered in this report is segmented -
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 Or Outpatient Center, Home Care, Other End Users
Subsegments:
1) By Instruments: Handheld HbA1c Testing Devices, Portable HbA1c Analyzers, Desktop HbA1c Testing Systems, Integrated Point Of Care Testing Systems
2) By Consumables: Test Strips, Control Solutions, Reagents, Calibration Solutions, Sample Collection Devices
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Who Are the Global Leaders in the Poc Hba1C Testing Market?
Major companies operating in the Poc Hba1C testing market include 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 System, 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.
Which are the Top Profitable Regional Markets for the Poc Hba1C Testing Industry?
North America was the largest region in the POC HbA1C testing market in 2024. 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.
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