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Poc Hba1C Testing Market Transformation: Key Market Size Changes in Recent Years
The market size of poc hba1c testing has witnessed a significant expansion lately. Its growth is projected to leap from $0.92 billion in 2024 to $1.02 billion in 2025, constituting a compound annual growth rate (CAGR) of 10.6%. Factors that contributed to this development over the historical period encompass robust economic progress in nascent markets, a surge in cases of diabetes, escalation in COVID-19 incidents, and a growth in disposable income.
In the coming years, the poc hba1c testing market is anticipated to experience significant growth, reaching $1.59 billion by 2029 at a compound annual growth rate (CAGR) of 11.7%. This expansion during the forecast period can be credited to factors such as enhanced government backing, a rising incidence of diabetes- type ii diabetes, ease of access to POC tests, and a quicker delivery of results in contrast with traditional laboratory testing methods. Key emerging trends in the forecast period consist of a spotlight on hba1c microfluidic immunofluorescence test, an escalated usage of home collection hba1c testing kits, attention towards the hba1c test utilizing capillary electrophoresis technology, and advancements in testing technologies.
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What’s Behind the Consistent Growth of the Poc Hba1C Testing Industry?
The growth of the POC HbA1C testing market is anticipated to surge owing to the escalating rate of diabetes. Factors such as prolonged working hours, inadequate physical movement, and unhealthy consumption habits are boosting the diabetic population. Diabetes can be detected and monitored through point-of-care (POC) HbA1c tests which can be administered in community environments and health care establishments without the necessity for laboratories. For instance, data from the National Health Service (NHS), a governmental department in the UK, in June 2024 highlighted a concerning upward trend among individuals aged under 40, with figures escalating from 173,166 in 2022 to 216,440 in 2023. This significant increase showcases a worrisome trend in this demographic. The evidence points to a swift intensification in the occurrence of diabetes among the younger generation.
Consequently, this surging prevalence of diabetes is fuelling the expansion of the POC HbA1C testing market.
Top Revenue-Generating Segments in the Poc Hba1C Testing Market
The poc hba1c testingmarket covered in this report is segmented –
1) By Type of Product: Instruments, Consumables
2) By Technology: Ion-Exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Immunoassay, Other Technologies
3) By End User: Hospitals, Physician Office Or Outpatient Center, Home Care, Other End Users
Subsegments:
1) By Instruments: Handheld HbA1c Testing Devices, Portable HbA1c Analyzers, Desktop HbA1c Testing Systems, Integrated Point Of Care Testing Systems
2) By Consumables: Test Strips, Control Solutions, Reagents, Calibration Solutions, Sample Collection Devices
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What Technological Trends Are Set to Revolutionize the Poc Hba1C Testing Market?
The rise of technological innovation is a key trend in the POC HbA1C testing market. Major market players are investing in the advancements as they look to deliver rapid, precise results, aiding labs in dealing with the surge in testing demand. For example, Abbott, a medical device and healthcare firm based in the U.S., has introduced Afinion HbA1c Dx assay. This in vitro diagnostic test is used for the quantitative calculation of HbA1c in human venous and capillary whole blood in the Afinion 2 Analyzer and the Afinion AS100 Analyzer. This assay is the only rapid POC test approved by the U.S. Food and Drug Administration (FDA) to help medical professionals diagnose diabetes and assess the patient’s risk of acquiring the illness. It provides reliable and precise measurements of 1,2 glycated hemoglobin in only three minutes, enabling doctors to evaluate patients and create personalized care plans during a single visit.
How Are Different Regions Contributing to the Poc Hba1C Testing Market’s Growth?
North America was the largest region in the POC HbA1C testing market in 2024. Africa is expected to be the fastest-growing region in the forecast- period. The regions covered in the POC hba1c testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which Firms Are Setting the Benchmark in the Global Poc Hba1C Testing Market?
Major companies operating in the Poc Hba1C testing market include F. Hoffmann-La Roche Ltd, Siemens Healthineers AG, Bio-Rad Laboratories Inc, Menarini Group, Danaher Corporation, Tosoh Bioscience Inc, ARKRAY Inc, i-SENS, Inc, Abbott Laboratories, Trinity Biotech plc, Aina Blood Monitoring System, Getein Biotech Inc, Sugentech, Inc, Alere Inc, bioMerieux, EKF Diagnostics, HemoCue, PTS Diagnostics, Diazyme Laboratories, Osang Healthcare, Ortho Clinical Diagnostics, Ascensia, Platinum Equity (LifeScan), Becton Dickinson and Company, Medtronic PLC, Kainico Ltd, Evia Medical Technologies, Agamatrix Inc, Bionime Corporation, B Braun Melsungen AG.
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