Glycated Hemoglobin Testing Equipment Market is Driven by Technological Advancements in Diabetes Diagnostic Equipment

The Insight Partners market research study titled 'Glycated Hemoglobin Testing Equipment Market to 2028 - Global Analysis and Forecasts by Product, Procedure.The report highlights the trends prevalent in the global Glycated Hemoglobin Testing Equipment Market and the factors driving the market along with the restraints that are impacting its growth.

Major industry players operating in the field of Glycated Hemoglobin Testing Equipment Market:

Abbott Laboratory
Bio-Rad Laboratories, Inc.
Randox Laboratory Ltd
Beckman Coulter, Inc.
EKF Diagnostics
A.Menarini Diagnostics Ltd
F Hoffmann-La Roche Ltd
Tosoh Corporation
Bayer
Alere Inc.

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IMPACT OF COVID-19 ON GLYCATED HEMOGLOBIN TESTING EQUIPMENT MARKET

COVID-19 initially began in Wuhan (China) in December 2019, and till now, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The pandemic has affected economies and industries in different countries due to lockdowns, travel bans, and business shutdowns. The shutdown of plants and factories affected the worldwide supply chains and negatively impacted the glycated hemoglobin testing equipment market's manufacturing, delivery schedules, and sales of products. Few companies had announced delays in their product deliveries and a decrease in future sales. Hence, owing to the factors mentioned above, the pandemic has affected the growth of the market in the forecast period.

MARKET SEGMENTATION

Based on product type, the global glycated hemoglobin testing equipment market is segmented into multifunctional testing equipment and simple testing equipment.

Based on technology, the market is segmented into ion-exchange high performance liquid chromatography (HPLC), immunoassay, direct enzymatic assay, boronate affinity chromatography and others.

On the basis of end-users, the market is bifurcated into hospitals, research institutions, physical examination institutions and others.

MARKET DYNAMICS

Rise in the prevalence of diabetes worldwide.
Increase in the geriatric population.
Technological advancements in diabetes diagnostic equipment.
Poor diet & sedentary lifestyle resulting in substandard healthcare conditions.
Growing R&D activities on diabetes.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The glycated hemoglobin testing equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report covers key developments in the glycated hemoglobin testing equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from glycated hemoglobin testing equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for glycated hemoglobin testing equipment in the global market.

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This release was published on openPR.