New Trends and Key Developments in Glycated Hemoglobin Testing Market
Glycated hemoglobin testing is used to measure concentration of blood glucose in individuals. HbA1c, is a chemical form of glycated hemoglobin, a protein within red blood cells that carries oxygen throughout your body, joins with glucose in the blood, becoming 'glycated'.
Glycosylated hemoglobin test shows person's average blood glucose level for two to three months before the test. This can help to determine how well a person's diabetes is being controlled over time. High blood glucose level causes glucose molecules to attach the hemoglobin in red blood cells.
Increasing prevalence of diabetes mellitus and development in diagnosis devices for diabetes are major factors driving growth of the global glycated hemoglobin testing market.
Among the regions, North America market is estimated to dominate with revenue contribution of US$ 103.5 Mn in 2017.
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Ongoing trend observed in the market is the increasing preference for point of care (POC) HbA1c testing among the users, owing to factors such as faster test results and enables faster prognosis of the associated disease in the patient.
Chromatography segment in the global glycated hemoglobin testing market is accounted for largest market share in terms of revenue over the forecast period.
North America market is expected to dominate the global glycated hemoglobin testing market, and accounts for largest market revenue share over 30% in 2017 as compared to that of markets in other regions. Dominance by North America market is expected to continue over the forecast period owing to higher demand from consumers in countries such as the US and Canada.
In 2016, Europe accounted for the second largest revenue share contribution to the global glycated hemoglobin testing market followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. Increasing incidence coupled with high prevalence rate of diabetes is a major factor driving growth of the Europe glycated hemoglobin testing market.
The market in China accounted for highest revenue share in the Asia Pacific glycated hemoglobin testing market in 2016, and is expected to maintain its dominance over the forecast period.Revenue contribution from the market in Japan is estimated to be 0.8 times the revenue contributed from the glycated hemoglobin testing market in China.
The report also offers insightful and detailed information regarding the various key players operating in the global glycated hemoglobin testing market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.
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