Point-of-care testing (POCT) for glucose is used to monitor patients with diabetes at the bedside or in the home or hospital. It is typically performed by non-laboratory personnel and the results are used for clinical decision making. The implementation of point-of-care testing (POCT) is to decrease the turnaround time and improve patient care.
Global Point-of-Care Glucose Testing Market Scope:
To Global Point-of-Care Glucose Testing Market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The report’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and segment breakdowns are calculated using weights allocated to each segment based on their utilization rate and average sale price. The percentage adoption or usage of the given market Size in the corresponding area or nation is used to calculate the country-wise splits of the overall market and its sub-segments.
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Global Point-of-Care Glucose Testing Market Overview:
The Global Point-of-Care Glucose Testing market report gives a full view of the competition, including the market share and company records of the major competitors in the worldwide industry. The scope of the research includes a comprehensive analysis of the Global Point-of-Care Glucose Testing Market, as well as the reasons for variations in the industry’s growth in a number of areas.
Global Point-of-Care Glucose Testing Market Size is expected to grow at a CAGR of 3.9% during the forecast period. Global Point-of-Care Glucose Testing Market is expected to reach US$ 4.59 Bn. by 2029.
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Key Players:
Secondary research is used to identify market leaders, while primary and secondary research is used to establish market revenue. Secondary research comprised a review of the leading manufacturers’ annual and financial reports, whilst primary research included thorough interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then validated using primary sources.
The biggest players in the Global Point-of-Care Glucose Testing market are as follows:
• Roche Diabetes Care
• LifeScan IP Holdings, LLC.
• Abbott
• Ascensia Diabetes Care
• Trividia Health
• Nova Biomedical
• Acon Laboratories, Inc.
• Alere
• EKF Diagnostics
• F. Hoffmann-La Roche Ltd.
• Nipro
• Platinum Equity, LLC. (LifeScan, Inc.)
• Prodigy Diabetes Care, LLC
• i-STAT
• Accu-Chek Inform II
Regional Analysis:
Individual market influencing components and changes in market legislation that affect current and future market trends are also covered in the Global Point-of-Care Glucose Testing market study’s regional overview. Current and future trends are investigated in order to analyses the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Global Point-of-Care Glucose Testing Market:
Due to a hiatus in operations, end-user sectors where Global Point-of-Care Glucose Testing Market are used had a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, and the United States, Spain, France, and India. This resulted in a major fall in the revenues of firms in these industries, as well as in demand for Global Point-of-Care Glucose Testing manufacturers, impacting the growth of the Global Point-of-Care Glucose Testing market in 2020. End-user business demand for Global Point-of-Care Glucose Testing has dropped dramatically as a result of lockdowns and a surge in COVID-19 occurrences throughout the world.
Key Questions Answered in the Global Point-of-Care Glucose Testing Market Report are:
- In 2021, which segment accounted for the most share of the Global Point-of-Care Glucose Testing market?
- What is the competitive landscape of the Global Point-of-Care Glucose Testing market?
- What are the key factors influencing Global Point-of-Care Glucose Testing market growth?
- In the Global Point-of-Care Glucose Testing market, which region has the most market share?
- What will be the CAGR of the Global Point-of-Care Glucose Testing market during the forecast period (2022-2027)?
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