Boronate Affinity Tests Market Poised for 9.9 % Growth, Set to Hit $3.75 Billion by 2029

How Is the Boronate Affinity Tests Market Projected to Grow, and What Is Its Market Size?
In recent times, the boronate affinity tests market has seen significant expansion. The market size is projected to escalate from $3.47 billion in 2024 to $3.82 billion in 2025, registering a compound annual growth rate (CAGR) of 10.2%. Reasons for this appreciable growth during the historic period include intensified research and development efforts, an upsurge in chronic disease cases, expansion of the biotechnology industry, increased funding for research from both government and academic institutions, growing demand for personalized medicine, and improved accessibility to high-end equipment.

In the forthcoming years, robust growth is anticipated in the boronate affinity tests market which is predicted to rise to $5.58 billion in 2029, boasting a compound annual growth rate (CAGR) of 9.9%. This market expansion in the forecast period may be due to increased usage in clinical diagnostics, enhanced awareness and education, penetration into novel markets, strategic alliances and collaborations, heightened prevalence of metabolic disorders, and heightened emphasis on early disease detection. Dominant trends for this forecast period include the merger with digital health, the incorporation of automation and high-throughput screening, growth in clinical applications, progress in sample preparation, amplified attention on glycomics, the production of new reagents and kits, and regulatory improvements.

What Are the Key Drivers Behind the Growth of the Boronate Affinity Tests Market?
The escalating number of diabetes cases is anticipated to boost the boronate affinity tests market's growth. Characterized by elevated blood glucose levels due to ineffective insulin production or use, diabetes is a persistent health issue. The rise in diabetes can be attributed to an unhealthy diet marked by excessive intake of processed food and sugary beverages, coupled with a sedentary lifestyle involving limited physical activity. Other factors such as aging and familial history of diabetes add to the risk due to genetic predisposition. Boronate affinity tests prove to be beneficial in monitoring diabetes by providing an accurate assessment of glycated proteins, thus offering a dependable measure of long-term blood glucose control. For example, as per data released by The Lancet, a UK-based publication house, in June 2023, the worldwide diabetes patients' count is forecasted to rise from 529 million in 2021 to 1.3 billion by 2050. Hence, this upsurge in diabetes cases will contribute to the expansion of the boronate affinity tests market. The amplified attention towards personalized medicine is projected to escalate the growth of the boronate affinity tests market. Personalized medicine facilitates healthcare optimization by using individual-specific genetic, environmental, and lifestyle facts to enhance treatment results. The rising focus on personalized medicine stems from a more profound comprehension of genetic variations, their health consequences, diagnostic tool improvements, advancements in data interpretation, bioinformatics, and precision medicine technologies. Boronate affinity tests play a crucial role in personalized medicine by accurately monitoring glycation amounts in patients, thereby assisting in custom-made diabetes management and therapeutic courses of action. For example, as reported by the Personalized Medicine Coalition, a US-based not-for-profit entity, in February 2024, the FDA validated 16 new personalized therapies for patients suffering from unusual diseases in 2023, as opposed to six in 2022. Furthermore, this validation included seven drugs specifically designed for cancer treatment and three directed at various diseases and conditions. Consequently, this amplified attention towards personalized medicine will catalyze the boronate affinity tests market's growth.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18266&type=smp

Who Are the Major Industry Players Fueling Boronate Affinity Tests Market Expansion?
Major companies operating in the boronate affinity tests market are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Abbott Laboratories, Siemens Healthineers, Merck KGaA, Tosoh Corporation, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Alere Inc, Green Cross Holdings Corp., Bio-Techne Corporation, ARKRAY Inc, EKF Diagnostics Holdings plc, HemoCue AB, Trinity Biotech, SeraCare Life Sciences Inc, Medix Biochemica, PTS Diagnostics, Biosynth, Santa Cruz Biotechnology, A Menarini Diagnostics Srl, Diazyme Laboratories Inc, Bioventix PLC, GenWay Biotech Inc, Diatheva, OSANG Healthcare Co Ltd, Cypress Diagnostics, Goldsite Diagnostics Inc

How Is the Segmentation of the Boronate Affinity Tests Market Defined?
The boronate affinity tests market covered in this report is segmented -

1) By Product Type: Test Kits, Instruments, Consumables
2) By Technology: Fluorescence Based Tests, Colorimetric Assays, Electrochemical Methods
3) By Indication: Type 1 Diabetes, Type 2 Diabetes
4) By End User: Hospitals And Clinics, Diagnostics Laboratories, Research Institutes, Pharmaceutical And Biotechnology Companies

Subsegments:
1) By Test Kits: Boronate Affinity Glycoprotein Test Kits, Boronate Affinity Drug Detection Test Kits, Boronate Affinity Biomarker Test Kits
2) By Instruments: Boronate Affinity Chromatography Systems, Spectrometers For Boronate Affinity Analysis, Automated Boronate Affinity Test Analyzers
3) By Consumables: Boronate Affinity Resin Columns, Boronate Affinity Membranes

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/boronate-affinity-tests-global-market-report

What Is the Leading Region in the Boronate Affinity Tests Market?
North America was the largest region in the boronate affinity tests market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the boronate affinity tests market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Boronate Affinity Tests Global Market Report?

- Market Size Analysis: Analyze the Boronate Affinity Tests Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Boronate Affinity Tests 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 Boronate Affinity Tests Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Boronate Affinity Tests Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18266

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.