Glucose Tolerance Test Market SWOT Analysis, Key Development Areas, Financial Overview and Forecasts Till 2023

Market Scenario:

A glucose tolerance test measures how well a body’s cells is capable to engross glucose, or sugar, after a patient consume a given amount of sugar. Doctors and specialists use fasting blood sugar levels and haemoglobin A1c values to identify type 1 and type 2 diabetes, and pre-diabetes whereas a glucose tolerance test can also be used. Doctors primarily use a glucose tolerance test to diagnose gestational diabetes in patients. Factors such as Increasing prevalence and incidence of diabetes mellitus (DM), Rise in technological innovations, Research funding in diabetes diagnosis and treatment, and rising awareness and screening for Diabetes Mellitus are some of the major factors driving the growth of the market. Further Stringent reimbursement and insurance policies in developing nations, High cost associated with diagnosis and treatment of diabetes can hamper the market growth in coming future.

The global Glucose Tolerance Test market is expected to grow at a CAGR of 10.4% during the forecast period 2017-2023.

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Key Findings:

On the basis of indications, Diabetes is the fastest growing market and is expected to reach USD 21,796.0 million by 2023 from USD 10,579.1million in 2016 at a CAGR of 10.7% during the forecast period of 2017-2023.

On the basis of products, Blood glucose testing kit is expected to reach USD 36,164.0million by 2023 from USD 17,676.0 million in 2016, at a CAGR of 10.6% during the forecast period of 2017-2023.

On the basis of End users, Diagnostic Clinics is expected to reach USD 15,335.9 million in 2023 for USD 7,999.9 million in 2016. Home segment is expected to be the fastest growing segment which is growing at a healthy CAGR of 10.9%

Segmentation:

The global Glucose Tolerance Test  market is segmented on the basis of products, indications, end user.

On the basis of the products, it is further segmented into intramedullary Blood glucose testing kit (Lancet, Meters, Test strips and others), Smart sensors and other .

On the basis of the indication, the market is segmented into Diabetes, Gestational diabetes, Insulin resistance, Reactive hypoglycemia. 

On the basis of the end user, the market is segmented into Diagnostic Clinics, Hospitals, Home, and others.

Regional Analysis:

The Americas dominate the diabetes monitors market owing to the presence of patient population, a well-developed technology, high healthcare expenditure, and the presence of the leading players. Due to high prevalence of the condition, companies, private organization, and government associations actively participates to improve diabetes care. For instance, The Merck Foundation provided funding of USD 10,000,000 for the projects designed to improve access to diabetes care and to reduce health disparities for vulnerable populations with type 2 diabetes in the United States.

According to the German maternity guidelines, every pregnant women can undergo glucose-challenge test for early diagnosis of Gestational diabetes mellitus (GDM). The charges for the test are completely covered by women’s health insurance. 

Key Players: 

Some of the key players in this market are Panasonic, Dexcom, Inc, Abbott Laboratories, F. Hoffman-La Roche Ltd, LifeScan, Inc Sanofi, Medtronic Plc and others

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Table of Content:

1  REPORT PROLOGUE

2  MARKET INTRODUCTION

2.1 Introduction 16

2.2 Scope Of Study 16

2.3 Research Objective 16

2.4 Assumptions & Limitations 17

2.4.1 Assumptions 17

2.4.2 Limitations 17

3  RESEARCH METHODOLOGY

3.1 Research Process 18

3.2 Primary Research 19

3.3 Secondary Research 19

3.4 Market Size Estimation 19

3.5 Forecast Model 20

TOC Continued…!

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