Press release
Global Hemoglobin A1c (HbA1c) Testing Market Set For 9.14% % Growth, Reaching $4,485.00 Billion By 2034
Hemoglobin A1c (HbA1c) Testing Market
The global hemoglobin A1c (HbA1c) testing market reached a value of nearly $1,863.41 million in 2024, having grown at a compound annual growth rate (CAGR) of 5.73% since 2019. The market is expected to grow from $1,863.41 million in 2024 to $2,896.70 million in 2029 at a rate of 9.22%. The market is then expected to grow at a CAGR of 9.14% from 2029 and reach $4,485.00 million in 2034.
What are the upcoming opportunities in the global hemoglobin A1c (HbA1c) testing market?
The key players in the market are adopting extensive strategies in the hemoglobin A1c (HbA1c) testing market such as:
• Focus on enhancing operational capabilities through strategic acquisitions.
• Focus on enhancing business operations through new launches.
• Focus on enhancing operational capabilities through strategic partnerships.
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To take advantage of the opportunities, The Business Research Company recommends that hemoglobin A1c (HbA1c) testing companies focus on:
• Launch of next-generation point-of-care device to enhance diabetes management and early diagnosis.
• Empowering health with at-home diabetes risk (HbA1c) collection kits.
• Advancements in testing with a focus on high-performance liquid chromatography (HPLC) analyzers for enhanced diabetes management.
• Innovations in hemoglobin A1c (HbA1c) testing using menstrual blood.
What is hemoglobin A1c (HbA1c) testing: market definition?
Hemoglobin A1c (HbA1c) testing measures the percentage of hemoglobin with glucose attached, reflecting average blood glucose levels over the past 2 to 3 months. It is used to monitor long-term glucose control in diabetic patients and to diagnose diabetes and prediabetes.
The main types of hemoglobin A1c (HbA1c) testing are laboratory-based testing and point-of-care (PoC) testing. Laboratory-based testing is a is a type of HbA1c testing performed in a laboratory setting where blood samples are analyzed using advanced equipment. The product types include instruments, reagents, kits, and technologies categorized into immunoassays, chromatography, enzymatic assays, boronate affinity chromatography, high-performance liquid chromatography, and others. The end users include hospitals and clinics, diagnostic laboratories, homecare settings, and others.
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Who are the major companies operating in the global hemoglobin A1c (HbA1c) testing market?
The global hemoglobin A1c (HbA1c) testing market is fairly fragmented, with a large number of players operating in the market. The top ten competitors in the market made up 18.1% of the total market in 2023. Danaher Corporation (Beckman Coulter, Inc.) was the largest competitor with a 6.5% share of the market, followed by:
• F. Hoffmann-La Roche Ltd.
• Siemens Healthineers AG
• Abbott Laboratories
• Bio-Rad Laboratories, Inc.
• Randox Laboratories Ltd.
• Thermo Fisher Scientific Inc.
• Sysmex Corporation
• ARKRAY Inc.
• Tosoh Corporation
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