HbA1c Testing Devices Market To Mirror A Worldwide Expansion Throughout 2018 – 2026
HbA1c test is used
to screen and diagnose for diabetes and prediabetes in patients.
Hemoglobin molecule from the blood cell sticks to the glucose that
gives rise to glycosylated hemoglobin molecule termed as hemoglobin
A1C (HbA1C). Patients with high glucose level have more HbA1C present
in blood. Average blood glucose level of a person can be diagnosed by
measuring this glycosylated hemoglobin molecule. It is important for
diabetic patient to know the glucose level, as there might be risk of
diabetes related complications. HbA1c test is considered more
effective than checking the blood glucose level. Blood glucose level
gives the presence of glucose at a single point time whereas, the
HbA1c test gives blood glucose level status for 2-3 months.
Increase in
healthcare expenditure over diabetes management is owing to the
growth of HbA1c testing devices market
Growing diabetes
patient population globally is one of the important factor driving
the growth HbA1c testing devices market. According to World Health
Organization (WHO), the number of patients with diabetes has
increased from 108 million in 1980 to 422 million in 2014. Around 5
million deaths were reported in 2015 due to diabetes and 2.2 million
deaths were attributed to high blood glucose level. The data given by
International Diabetes Federation showed the expenditure of 673
billion USD on diabetes in 2015. Additionally, rise prescription by
physicians for HbA1c test is contributing to the growth of HbA1c
testing devices market.
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Wide use of
bench top devices in diagnostic laboratories owing to domination of
device segment
The global HbA1c
testing devices market is segmented by device- type, by technology,
by end users, and by region
On the basis
of device- type, the HbA1c testing devices market is segmented into
-
Bench top device
-
Handled device
Rising
diabetic population is attributed to the growth of HbA1c testing
devices market in Asia Pacific
Regional
segmentation of HbA1c testing devices market by Coherent Market
Insights comprises of North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa. The increase in number of patient
population in North America is fuelling the growth of HbA1c testing
devices market. Furthermore, the factors like established healthcare
infrastructure and adoption to the technologically advanced medical
devices, are helping North America to dominate in the HbA1c testing
devices market. According to recent data given by International
Diabetes Federation, there are around 109 million people in China and
69 million people in India with diabetes. The large number of
diabetic population, unmet health needs, and development in
healthcare sector are fuelling the growth of HbA1c testing devices
market in Asia Pacific.
Product
development is helping the organizations in HbA1c testing devices
market to hold the top position
Key industry players
operating the global HbA1c market includes Abbott Laboratories,
Transasia Biomedicals limited, Alere Incorporated, Arkray
Incorporated, Danaher Co., Bio-Rad Laboratories, Siemens Healthcare,
F.Hoffmann-La Roche Limited, and Trinity Biotech Plc. The industry
players are likely to get involved in product development for higher
accuracy, reliable results, and quicker turnaround time for the
analyzers. The factors like product development and approval of
devices for diagnosis of diabetes are helping the organizations to
hold the maximum share in the HbA1c testing devices market.
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Testing Devices Market
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