HbA1c Analyzers Market will exceed US$ 2,664.3 Mn by 2028, at a CAGR of 5.4%

HbA1c Analyzers Market 2022

In 2022, the HbA1c Analyzers Market stands at USD 1,944.8 million, and it is expected to reach USD 2,664.3 million by 2028 at a CAGR of 5.4%. Increasing prevalence of diabetes and diabetes-related illnesses, along with the increased adoption of HbA1c Analyzers are the key factors driving the growth of the market.

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Persistence Market Research (PMR)'s most recent study projects that North America will dominate the Global HbA1c Analyzers Market. According to the research, the Global HbA1c Analyzers Market will exceed US$ 2,664.3 Mn by 2028, at a CAGR of 5.4%. Diabetes' rising prevalence is a major driver of HbA1c sales globally. The growing elderly population, as well as the various advantages of HbA1c analyzers, are likely to drive the growth of the HbA1c analyzers market.

According to the International Diabetes Federation, around 463 million people were diagnosed with diabetes in 2019, the figure is expected to rise to 700 million by 2045. Increasing alcohol consumption, unhealthy dietary habits, less physical activity, smoking, and stress have all contributed to an increase in the prevalence of diabetes and other related diseases.

Companies
Abbott
ApexBio
ARKRAY, Inc.
Bio-Rad Laboratories, Inc.
Convergent Technologies GmbH & Co. KG
EKF Diagnostics
Erba Mannheim
F. Hoffmann-La Roche Ltd
HemoCue AB
i-SENS, Inc.
labONE, Inc.
LITE-ON TECHNOLOGY CORPORATION
Meril Life Sciences Pvt. Ltd.
OSANG Healthcare
TaiDoc Technology Corporation
Tosoh Corporation
Trinity Biotech
Zivak Technologies USA

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North America to Dominate Global HbA1c Analyzers Market

North America is expected to lead the global portable HbA1c analyzers market during the forecast period, due to an increase in the number of diabetic patients in countries such as the US. One of the primary macroeconomic factors driving the growth of the HbA1c analyzers market in this region is the rising per capita healthcare expenditure. Apart from that, favorable government regulations and reimbursement has increased healthcare awareness, and increased usage of HbA1c analyzers is are likely to fuel the growth of the HaAc analyzers market.

Europe, following North America, is likely to have a fairly significant revenue share in the global HbA1c analyzers market.

The Impact of COVID-19 on the Global HbA1c Analyzers Market

COVID-19 had an impact on almost every industry, and its emergence in 2020 had resulted in a significant decrease in HbA1c testing volume and sales. However, it was a temporary setback and the testing volume and sales increased in 2021 when the situation improved and the Covid-19 restrictions were removed.

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PMR has presented a comprehensive report based on HbA1c Analyzers as per Technology (High-performance Liquid Chromatography (HPLC), Ion Exchange Chromatography, Boronate Affinity Technology, and Boronate Affinity HPLC), End User (Hospitals, Specialty Clinics, Diagnostic Centers, and Others), based on seven regions.

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Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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