The hemoglobin a1c (hba1c) testing global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Hemoglobin A1c (HbA1c) Testing Market, report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The hemoglobin A1c (HbA1c) testing market size has grown rapidly in recent years. It will grow from $1.66 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to the increasing prevalence of diabetes, growing awareness and screening programs, growing government initiatives and healthcare policies, increasing healthcare infrastructure development, a growing aging population, improved diagnostic accuracy, and increased adoption of point-of-care testing.
The hemoglobin A1c (HbA1c) testing market size is expected to see rapid growth in the next few years. It will grow to $2.74 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to rising prevalence of lifestyle diseases, increased focus on preventive healthcare, expansion in emerging markets, increasing personalized medicine and patient-centric care, regulatory support and reimbursement policies, growing telemedicine, and remote monitoring. Major trends in the forecast period include technological advancements, integration with digital health platforms, advancements in non-invasive testing technologies, expansion in telehealth, and remote patient monitoring.
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Scope Of Hemoglobin A1c (HbA1c) Testing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Hemoglobin A1c (HbA1c) Testing Market Overview
Market Drivers –
The increasing prevalence of diabetes is expected to fuel the growth of the hemoglobin A1c (HbA1c) testing market. Diabetes is a chronic condition where the body struggles to properly regulate blood glucose levels due to inadequate insulin production or insulin resistance. The rising cases of diabetes are largely due to unhealthy diets, particularly high consumption of processed foods and sugary beverages, combined with sedentary lifestyles that involve minimal physical activity. Additionally, the aging population and family history of diabetes contribute to the heightened risk. HbA1c testing is crucial for monitoring long-term blood glucose control in individuals with diabetes by measuring average blood sugar levels over the past 2–3 months. For instance, data published by The Lancet in June 2023 projects that global diabetes cases will increase from 529 million in 2021 to 1.3 billion by 2050. Thus, the rising prevalence of diabetes is expected to significantly drive the growth of the hemoglobin A1c (HbA1c) testing market.
Market Trends –
Major companies operating in the hemoglobin A1c (HbA1c) testing market are focusing on the development of automated HbA1c analyzers, such as high-performance liquid chromatography (HPLC) technology-based solutions, to enhance accuracy and efficiency in diabetes diagnosis and monitoring. High-performance liquid chromatography (HPLC) technology-based solutions in HbA1c testing refers to advanced methods for accurately measuring hemoglobin variants in blood to monitor long-term glucose control in diabetic patients. For instance, in June 2021, Trivitron Healthcare Private Limited, an India-based healthcare and medical technology company, launched the NANO H5 and NANO H110. The NANO H5 is a compact, automated HPLC analyzer that provides quantitative determination of glycated hemoglobin (HbA1c) in human whole blood with a processing time of 130 seconds, allowing for rapid laboratory turnaround. It can process up to five samples simultaneously. The NANO H110 is another compact, automated HPLC analyzer that features dual test modes for both HbA1c and Hb Variant detection. It includes advanced features such as a barcode scanner and cap piercing, with a high sample loading capacity of 110 samples, making it ideal for medium- to large-sized laboratories.
The hemoglobin A1c (HbA1c) testing market covered in this report is segmented –
1) By Type: Laboratory Based Testing, Point Of Care (PoC) Testing
2) By Product Type: Instruments, Reagents, Kits
3) By Technology: Immunoassays, Chromatography, Enzymatic Assays, Boronate Affinity Chromatography, High Performance Liquid Chromatography, Other Technologies
4) By End User: Hospitals And Clinics, Diagnostic Laboratories, Homecare Settings, Other End Users
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Regional Insights –
North America was the largest region in the hemoglobin A1c (HbA1c) testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemoglobin A1c (HbA1c) testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Roche Holding AG, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers, Tosoh Corporation, Hitachi High-Technologies Corporation, Beckman Coulter Inc, Sysmex Corporation, Bio Rad Laboratories Inc, ARKRAY Inc, Randox Laboratories Ltd, Ortho Clinical Diagnostics, Agappe Diagnostics Ltd, SEKISUI Diagnostics LLC, Helena Laboratories, Transasia Bio Medicals Ltd, EKF Diagnostics, Trinity Biotech plc, HemoCue AB, CPC Diagnostics Pvt Ltd, PTS Diagnostics, Menarini Diagnostics srl, Diazyme Laboratories Inc, Osang HealthCare Co Ltd, Eurolyser Diagnostica GmbH, DiaSys Diagnostic Systems GmbH
Table of Contents
1. Executive Summary
2. Hemoglobin A1c (HbA1c) Testing Market Report Structure
3. Hemoglobin A1c (HbA1c) Testing Market Trends And Strategies
4. Hemoglobin A1c (HbA1c) Testing Market – Macro Economic Scenario
5. Hemoglobin A1c (HbA1c) Testing Market Size And Growth
…..
27. Hemoglobin A1c (HbA1c) Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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