The HbA1c Testing market covers all the important information associated with the market such as target market, market size, share, current trends, challenges, restraints, competition analysis, and market potential during the forecast period of 2018 to 2025. The report gives an overall market view that helps to understand the environment of the business and allow to discern the threats and opportunities associated with area of industry.
HbA1c Testing Market Dynamics
The growth of the HbA1c testing market is mainly growing on the ground of rising number of diabetes population. Moreover, the advent of new technologies in diabetes management along with the rising awareness of diabetes among people is further expected to propel the growth. Increasing medical tourism in developing nations is likely to open a new opportunity for the market. On the other hand, the high cost of the device is likely to hamper the growth of the market.
According to the global HbA1c Testing Market report published by Value Market Research, the market is expected to touch USD 3.3 BN by 2024, with a CAGR of 10.5% growing from USD 1.75 BN in 2017.
The key players in the HbA1c testing market include Abbott Laboratories, Alere, Inc., Arkray, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Siemens Healthcare, Transasia Biomedicals ltd., and Trinity Biotech plc.
HbA1c Testing Market Segmentation and Regional Analysis
The broad HbA1c testing market has been sub-grouped into device type, technology and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for HbA1c testing in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.