Press release
Point-of-Care Glucose Testing Market: Exploring Growth Trajectories and Key Drivers till 2029
What Is The Projected Market Size Of The Global Point-of-Care Glucose Testing Market And Its Growth Rate?
The point-of-care glucose testing market exhibits promising growth potential with notable figures:
• The market stood at $4.91 billion in 2024, growing to $5.15 billion in 2025 at a CAGR of 4.9%.
• Key growth drivers include the growing prevalence of diabetes, increased awareness of diabetes management, expansion of the aging population, and rise in healthcare infrastructure.
• Point-of-Care Glucose Testing market anticipates to scale to $6.51 billion in 2029 at a CAGR of 6.0%.
• Expansion of telemedicine, emphasis on personalized medicine in diabetes care, rise in diabetes management programs, and increased investment in glucose testing research are expected to bolster growth in the forecast period.
What Is Driving The Growth In The Point-of-Care Glucose Testing Market?
Rising prevalence of diabetes significantly contributes to the growth of the point-of-care glucose testing market. Diabetes leads to elevated blood glucose levels, prompting severe damage to heart, blood vessels, eyes, kidneys, and nerves over time. Point-of-care glucose testing aids with quick treatment decisions in response to glycemia changes. UK's NHS England reported an 18% increase in individuals diagnosed with pre-diabetes in 2023, taking the figure to 3,615,330. This escalation to 3,065,825 in 2022 further underscores the growing prevalence of diabetes driving market growth.
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Who Are The Key Players Driving Point-of-Care Glucose Testing Market Growth?
• F Hoffmann-La Roche Ltd.
• Abbott Laboratories Inc.
• Danaher Corporation
• Siemens Healthineers
• Becton, Dickinson and Company
• TaiDoc Technology Corporation
• B. Braun Melsungen AG
• Beckman Coulter Inc.
• Nipro Corporation
• Dexcom Inc.
What Are The Key Trends In The Point-of-Care Glucose Testing Market?
Key market trends include:
• Development of wearable glucose monitoring devices
• Integration of smartphone connectivity in glucose testing
• Growth of point-of-care testing in home healthcare settings
• Adoption of artificial intelligence in glucose data analysis
• Expansion of remote patient monitoring for diabetes
What Are The Segments Of The Global Point-of-Care Glucose Testing Market?
• By Product: Lancet And Lancing Devices, Strips, Meters
• By Testing Site: Fingertips, Alternate Site Testing
• By Applications: Type-1 Diabetes, Type-2 Diabetes
• By End-User: Professional Diagnostic Centers, Hospitals And Clinics, Home Care Settings, Other End Users
Which Region Leads The Point-of-Care Glucose Testing Market?
North America led the point-of-care glucose testing market in 2024 due to advanced healthcare infrastructure, high prevalence of diabetes and enhanced patient awareness. Other regions include Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Point-of-Care Glucose Testing Market Global Market Report?
- Market Size Analysis: Analyze the Point-of-Care Glucose Testing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the POC Glucose Testing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall POC Glucose Testing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the POC Glucose Testing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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