What Are the Key Opportunities and Trends Shaping the Future of the Global POC Hba1C Testing Market (2024-2033)?

The POC HbA1C testing market report describes and explains the POC HbA1C testing market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.

The global POC HbA1C testing market reached a value of nearly $0.843 billion in 2023, having grown at a compound annual growth rate (CAGR) of 7.77% since 2018. The market is expected to grow from $0.843 billion in 2023 to $1.45 billion in 2028 at a rate of 11.45%. The market is then expected to grow at a CAGR of 10.96% from 2028 and reach $2.44 billion in 2033.

What are the upcoming opportunities in the global POC HbA1C testing market?
The key players in the market are adopting extensive strategies in the POC HbA1C testing market such as:
• Strengthen business operations through strategic partnerships.
• Expand business expertise through new product launches.

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To take advantage of the opportunities, The Business Research Company recommends the POC HbA1C testing companies to focus on:
• Focus on advanced point-of-care solutions for rapid and accurate HbA1C testing.
• Launch next-generation point-of-care devices to enhance diabetes management and early diagnosis.
• Obtain FDA approval for innovative point-of-care HbA1C testing systems using menstrual blood.
• Pursue strategic partnerships and acquisitions to enhance product offerings.

What is POC HbA1C testing: market definition?

POC HbA1C testing devices are designed to diagnose average levels of glucose in patients' blood and to control type I and type II diabetes mellitus. Diabetes is a chronic disease that occurs either when an inadequate amount of insulin is produced by the pancreas or when the body cannot use the insulin it produces effectively. This assesses the average level of blood sugar over 2 to 3 months in an individual.

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Who are the major companies operating in the global POC HbA1C testing market?

The global POC HbA1C testing market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up 81.2% of the total market in 2023. Siemens Healthineers AG was the largest competitor with a 17.5% share of the market, followed by:
• F. Hoffmann-La Roche AG
• Bio-Rad Laboratories, Inc.
• Menarini Group
• Danaher Corporation
• i-SENS, Inc.
• Tosoh Corp.
• ARKRAY Inc.
• Abbott Laboratories
• LumoraDX

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