Point-of-Care Glucose Testing Market 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.
Point-of-Care Glucose Testing Market Overview:
The Point-of-Care Glucose Testing market research report looks into and analyses the market’s position during the predicted period. It is an in-depth study that focuses on fundamental and secondary drivers, market dominance, key segments, and geographic analysis. The research also looks at notable individuals, large collaborations, mergers, and acquisitions, as well as contemporary innovation and corporate strategy.
Market Scope:
We examined the Point-of-Care Glucose Testing Market from every angle conceivable, including both primary and secondary research methodologies. This helped us better grasp current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour. The information is then gathered and evaluated using a variety of market estimations and data validation procedures. In addition, we have an in-house data forecasting engine that predicts market growth until 2027.
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Segmentation:
Based on the Product Type, the meters segment held dominant market share in 2021. Glucose meters are universally utilized in the management of hypoglycemic and hyperglycemic disorders in a variety of healthcare settings.Glucose meters can only analyze whole blood, and glucose is unstable in whole blood. To determine blood glucose, the measuring beam of infrared light has to penetrate the tissue for measurement of blood glucose.There are currently three CGMS (continuous glucose monitoring system) available. The first is Medtronic’s Minimed Paradigm RTS with a sub-cutaneous probe attached to a small transmitter (roughly the size of a quarter) that sends interstitial glucose levels to a small pager sized receiver every five minutes. The Dexcom System is another system, available in two different generations in the US, the G4 and the G5.
Key Players:
• 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
Primary and secondary research are used to identify market leaders, as well as primary and secondary research to assess market revenue. As part of the core study, in-depth interviews with major thought leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing professionals were done. In-depth interviews with notable thought leaders and industry specialists, such as experienced front-line personnel, CEOs, and marketing professionals, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilised to compute percentage splits, market shares, growth rates, and global market breakdowns that are then compared to historical data. The following players are featured in this report:
Regional Analysis:
The research examines the local industry in-depth, utilizing both qualitative and quantitative data. It provides an overview and prediction of the global Point-of-Care Glucose Testing market segment by segment. It also provides market size and forecast projections for five key regions from 2021 to 2027, including North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The Point-of-Care Glucose Testing market in each area is further segmented into regions and sectors. The research studies and anticipates a wide range of nations, as well as current trends and opportunities in the sector.
COVID-19 Impact Analysis on Point-of-Care Glucose Testing Market:
We thoroughly researched and analyzed the Global Point-of-Care Glucose Testing Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the global Point-of-Care Glucose Testing industry’s potential, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The study’s main goal is to provide industrial enterprises with a strategic analysis of COVID-19’s impact. This analysis looked at the marketplaces of key countries at the same time and emphasized their market potential.
Key Questions Answered in the Point-of-Care Glucose Testing Market Report are:
- What are the most promising high-growth opportunities in the global Point-of-Care Glucose Testing sector, as defined by product category, End User, and Region?
- Which Point-of-Care Glucose Testing market segments will expand the fastest, and why?
- Which areas will expand the fastest, and why?
- What are the primary elements influencing Point-of-Care Glucose Testing market dynamics? What are the primary drivers and obstacles in the Point-of-Care Glucose Testing market?
- What are the Point-of-Care Glucose Testing market’s business risks and dangers?
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