Hemoglobin A1c Testing Devices Market It Was Valued at US$ 1,676.3 Mn in 2030

The global hemoglobin A1c testing devices market is estimated to register growth at a CAGR of 10.7% during the forecast period from 2019 to 2027. It was valued at US$ 1,676.3 Mn in 2018.

The growth of the market is being driven by many factors such as rise in number of diabetic patients globally, rising older population, and increase in point-of-care testing.

The hemoglobin A1c testing devices market growth. Thus, this document delivers comprehensive study of growth drivers, challenges, restraints, key regions, demand-supply ratio, and competition analysis of the market for hemoglobin A1c testing devices. It also sheds light on various strategies used by market players in order to deal with the COVID-19 crisis.

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The analysts of a study by TMR have performed the segmentation of the global hemoglobin A1c testing devices market based on several important facets such as technology, end use, and region. In terms of technology, the market is bifurcated into immunoassay, ion-exchange high performance liquid chromatography (HPLC), direct enzymatic assay, boronate affinity chromatography, and others (micro-optical detection method, and capillary electrophoresis). Based on end use, the segmentation of the market is performed into laboratories testing devices and point-of-care (POC) testing devices.

Increase in Awareness on Diabetes and its Prevention & Management Fuels Demand for Hemoglobin A1c Testing Devices

Unhealthy eating habits and busy lifestyles of people are several key factors resulting into rise in cases of diabetes, which is one of the common chronic diseases across the globe. The statistics of many studies carried out around the world suggest that the diabetic patient pool is likely to increase in the years to come. Several government as well as private organizations are increasing efforts to spread awareness on diabetes, how it can be prevented, and the disease management. These efforts are projected to favor the sales growth in the global hemoglobin A1c testing devices market in the forecast period.

Rise in Older Population and Presence of Employer Sponsored Programs to Create Prodigious Business Prospects

Numerous companies from across the globe are executing employee wellness programs, which are focused on maintaining overall productivity and efficiency of their employees. As a part of such attempts, companies are performing routine medical tests of their employees. This factor is generating substantial business prospects in the hemoglobin A1c testing devices market. Besides, the market is estimated to be driven by increasing number of older populace, which is at risk of chronic health issues.

Rise in Diabetic Population in Asia Pacific to Offer Promising Revenues Gains

Some of the key regions supporting the growth of the global hemoglobin A1c testing devices market include Europe, North America, Asia-Pacific, and rest of the world (RoW). Among all regions, Asia Pacific is prognosticated to provide lucrative prospects owing to growing understanding on precision and efficiency of hemoglobin A1ctesting and rise in diabetic population in several developing nations such as India and China.

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Players Launch Technologically Advanced Products to Stay Ahead of Competition

Some key players operating in the hemoglobin A1c testing devices market include Alere, Inc., Abbott Laboratories, Danaher Corporation, Arkray, Inc., A. Menarini Diagnostics, Bio-Rad Laboratories, Inc., Siemens Healthcare, and F. Hoffmann-La Roche Ltd. Presence of many well-entrenched companies makes the competition levels in the market intense as well as the entry of new players difficult.

Companies in the global hemoglobin A1c testing devices market are increasing focus on the development of technologically advanced products. Moreover, they are keenly focused on introducing effective diagnostics techniques. Thus, they are seen increasing investments in R&D projects. Besides, several enterprises are strengthening their distribution channels. Such efforts are cumulating into promising prospects in the market for hemoglobin A1c testing devices.

Companies in the hemoglobin A1c testing devices industry are making amendments in their work policies in order to deal with the unfavorable conditions they are facing owing to the emergence of the COVID-19 pandemic. They are focused on continuing on their regular activities while following all safety norms implemented by regional government bodies.

Key Questions Answered in Global Hemoglobin A1c Testing Devices Market Report

  • What is the scope of growth for product companies in the Global Hemoglobin A1c Testing Devices Market?
  • What will be the Y-o-Y growth of the Global Hemoglobin A1c Testing Devices Market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the Global Hemoglobin A1c Testing Devices Market?
  • Which regional market is set to expand at a high CAGR during the forecast period?
  •  Which factors are anticipated to hamper the growth of the Global Hemoglobin A1c Testing Devices Market during the forecast period?
  • Which are the leading key players in the Global Hemoglobin A1c Testing Devices Market?

Global Hemoglobin A1c Testing Devices Market – Segmentation

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Technology

  • Ion-exchange High Performance Liquid Chromatography (HPLC)
  • Immunoassay
  • Boronate Affinity Chromatography
  • Direct Enzymatic Assay
  • Others (micro-optical detection method, and capillary electrophoresis)

End-user

  • Commercial Laboratories
  • Others (private research labs, university labs, testing labs, etc.)
  • Point-of-Care (POC) Setting
  • Hospitals
  • Home Care
  • Clinics
  • Others (physician offices, etc.)

Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Microalgae-based Products Market

4. Market Overview

4.1. Introduction

4.2. Key Industry Development

4.3. Market Indicators

4.4. Market Dynamics

4.4.1. Drivers

4.4.2. Restraints

4.4.3. Opportunities

4.5. Global Microalgae-based Products Market Analysis and Forecast, 2019–2030

4.5.1. Global Microalgae-based Products Market Volume (Tons)

4.5.2. Global Microalgae-based Products Market Value (US$ Mn)

4.6. Porters Five Forces Analysis

4.7. Value Chain Analysis

5. Pricing Analysis, 2019 (Benchmarking)

5.1. Price Comparison Analysis, by Region

6. Covid-19 Impact Analysis

6.1. On Key Global Economies and Growth Projections

6.2. On Global Pharmaceutical Industry, by Region

6.3. On Global Chemical Industry, by Region

7. Global Microalgae-based Products Market Analysis and Forecast, by Product

7.1. Introduction

7.2. Key Findings

7.3. Global Microalgae-based Products Market Volume (Tons) and Value (US$ Mn) Forecast, by Product, 2019–2030

7.3.1. Spirulina

7.3.2. Chlorella

7.3.3. Astaxanthin

7.3.4. Beta Carotene

7.3.5. PUFA Fatty Acid

7.3.6. Lutein

7.3.7. Others

7.4. Global Microalgae-based Products Market Attractiveness, by Product

8. Global Microalgae-based Products Market Analysis and Forecast, by Application

……

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