HbA1c Testing Market 2021
The global HbA1c testing market will grow at a CAGR of 12.24% during the forecast period 2016 to 2025. The market for HbA1c testing is set to reach US$1,992.44 million by 2025. As per HbA1c testing market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing occurrences push for various testing methods as well as the growing activities such as research and awareness drives. However, the market will face challenges and restraints due to slow economic growth and less spending on healthcare infrastructure during the forecast period 2016 to 2025.
Establishment of joint ventures by public and private organizations in the market will support the growth. As per market analysts, the HbA1c testing market based companies will face certain challenges during the forecast period 2016 to 2025. The market research report provides in-depth analysis of the product, end-users, technology, and region segments. The market research report presents factors such as lack of research that could slow down the HbA1c testing market's growth.
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Major Key Players:
Bio-Rad Laboratories, Inc. (US)
Abbott Laboratories (US)
ARKRAY, Inc. (Japan)
Danaher Corporation (US)
Hoffmann-La Roche Ltd (Switzerland)
Transasia Bio-Medicals (India)
Siemens Healthineers (US)
EKF Diagnostics (UK)
PTS Diagnostics (US)
Agappe Diagnostics Ltd (India)
Trinity Biotech PLC (Ireland)
DiaSys Diagnostic Systems GmbH (Germany)
CPC Diagnostics Pvt. Ltd. (India)
Tosoh India Pvt. Ltd (India)
Rapid Diagnostics Group of Companies (India)
Market Segmentation
The market has been segmented into product, end-users, technology, and region. Based on the segment which is the product, the market is categorized on the basis of instruments (bench-top device and handheld device) and reagents and kits). The global market for HbA1c testing is further segmented based on end-users into enzymatic assay, turbidimetric inhibition immunoassay (TINIA),ion-exchange high-performance liquid chromatography (HPLC), and others. Furthermore, the market, on the basis of technology is segmented into diagnostic laboratories, hospitals and clinics, and others.
The market report offers comprehensive study of the HbA1c testing market segments including product, end-users, technology, and region. The analysts have also studied the HbA1c testing market's spread across the regional markets across many of the market’s segments at country levels. The product, end-users, technology, and region segments spread across the HbA1c testing market along with the subsegments are studied. The global market for HbA1c testing is spread across various product and service based segments. The market research report highlights these key segments and offers forecasts based on primary and secondary data. The global market research report presents key company profiles of organizations active across the market.
Regional Overview
The lack of investment into research and development may hinder the market growth. The market research report suggests that companies in the HbA1c testing market could be supported by the growing adoption of advanced diagnostic tools and devices as well as the strategic activities such as partnerships and agreements during the forecast period. The market is set to register growth at a high CAGR owing to these key factors. The market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per market analysts, the HbA1c testing market is set to witness tremendous growth across product, end-users, technology, and region segments. The global HbA1c testing market’s North American region covers HbA1c testing markets across the United States, Mexico, Canada, and others. Businesses present in the market are also profiled and their strategies have been presented in detail in the market research report.
The market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the market research report provides details about the APAC region covering HbA1c testing markets from China, India, Australia, Japan, and others. The market is also active across several other parts of the world. The HbA1c testing market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global market.
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