About Hemoglobin A1c Monitoring
Hemoglobin A1c test reflects the average amount of glucose for the past two to three months, it is considered to be more reliable than traditional blood glucose tests. Due to the increasing incidence of diabetes and growing awareness of better management of diabetes helping to grow this market. Nowadays, medical professionals usually prescribe HbA1c test over conventional blood glucose tests to patients.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hemoglobin A1c Monitoring market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bayer Healthcare Diabetes Care (United States), Abbott Laboratories (United States), Roche Diagnostics (Switzerland), Axis-Shield plc (United Kingdom), Beckman Coulter, Inc. (United States), Bio-Rad Laboratories Inc (United States), Diazyme Laboratories Inc. (United States), EKF Diagnostics Holdings Plc (United Kingdom), HEMOCUE(r) AB (Sweden) and Infopia Co. Ltd. (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Menarini Diagnostics Ltd. (United Kingdom), Siemens Healthcare Diagnostics (Germany), Tosoh Bioscience, Inc (United States), Trinity Biotech plc (Ireland) and ARKRAY, Inc. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Hemoglobin A1c Monitoring market by Type (Ion-exchange, High-performance liquid chromatography (HPLC), Immunoassay, Boronate affinity chromatography and Direct enzymatic assay), Application (HbA1c Laboratory Testing and HbA1c Point of Care Testing) and Region.
On the basis of geography, the market of Hemoglobin A1c Monitoring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Diabetic Patients Worldwide
Market Growth Drivers:
Growth in Geriatric Population across the Globe and Increasing Healthcare Expenditure
Challenges:
Testing Is Not Always Definitive and Lack of Reimbursement Coverage
Restraints:
High Cost
Opportunities:
The Requirement of HbA1c Testing for Diabetes Diagnosis, Growing Awareness of Better Management of Diabetes and Manufacturers Focus on Offering Products for Developing Markets
Market Leaders and their expansionary development strategies
On May 14, 2019 Abbott has announced that it has partnered with the National Institutes of Health (NIH) on the BRAIN (Brain Research through Advancing Innovative Neurotechnologies) initiative to accelerate advancements in neuroscience research. Abbott will provide the company's neuromodulation technologies.
In May 2022, There is a new and convenient way for millions of individuals to assess whether they are at risk for developing diabetes. Labcorp (NYSE: LH), a leading global life sciences company, is making screening for diabetes easier with the launch of an at-home collection kit through Labcorp OnDemand™ that measures hemoglobin A1c (HbA1c) from a small blood sample.
Key Target Audience
Healthcare Industry, Research Organizations, Governmental Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.