About HbA1c Testing Device
HbA1c test is useful to screen & diagnose for diabetes as well as prediabetes in patients. Hemoglobin molecule from the blood cell sticks to the glucose which upsurge glycosylated hemoglobin molecule called as hemoglobin A1C (HbA1C). Around the globe, patients with high glucose level have more HbA1C present in their blood. Average blood glucose level of a person can be identified by measuring this glycosylated hemoglobin molecule. HbA1c test is considered more real than checking the blood glucose level. HbA1c Testing Devices are used for the HbA1c test. Rapidly growing diabetic patient population base, along with growing geriatric and overweight population around the globe is likely to impel the growth of global HbA1c Testing Device market over coming years.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Billion) |
Analyst at AMA Research estimates that German, Japanese and United States Players will contribute the maximum growth to Global HbA1c Testing Device 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.
Abbott Laboratories (United States), F. Hoffmann-La Roche AG (Switzerland), Siemens AG (Germany), Tosoh Corporation (Japan), Danaher Corporation (United States), Bio-Rad Laboratories, Inc. (United States), Trinity Biotech Plc.(Republic of Ireland), Arkray Group (Japan) and OSANG HEALTHCARE 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 Polymer Technology Systems, Inc. (United States), GREEN CROSS CORP. (South Korea) and ERBA Diagnostics (United States).
Segmentation Overview
AMA Research has segmented the market of Global HbA1c Testing Device market by Type (Handheld Device and Bench-top Device), Application (Hospital, Homecare, Diagnostic laboratory and Research Institutions) and Region.
On the basis of Type, Bench-top Device are dominating the market in the year 2022On the basis of application, Diagnostic laboratory segment is dominating the market in the year 2022On the basis of geography, the market of HbA1c Testing Device 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). North America region held largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Ion-exchange HPLC will boost the HbA1c Testing Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Rapidly growing Diabetic Patient Population Base, Growing geriatric and overweight population and Growing healthcare expenditure over diabetes management
Restraints:
High cost of device
Opportunities:
Untapped market such as developing countries and growing medical tourism
Key Target Audience
HbA1c Testing Device manufacturers, Raw material suppliers, Government and research organizations, Distribution consultancies, Hospital, Homecare and Diagnostic laboratory
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.