"Designing Growth Strategies is in our DNA"
In June 2019, Abbott launched the Afinion HbA1c assay, which is the first and only rapid point-of-care test to aid in the diagnosis of diabetes. Haemoglobin A1c (HbA1c) test is highly recommended to determine the risk of developing diabetes. The test plays substantial role in taking diabetes treatment and monitoring decisions. However, it has diagnostic limitations for gestational diabetes, diabetes in children, or if a person has anaemia or any other blood disorder. Haemoglobin A1c levels between 5.7% and 6.4% indicates the person has a higher chance of getting diabetes, and the levels of 6.5% and higher indicates the person has diabetes. Various methods for measuring HbA1c include ion-exchange chromatography, electrophoretic methods, mass spectroscopy, reversed-phase HPLC, and electrospray iontophoresis.
Key Market Driver -
Rising prevalence of diabetes
Key Market Restraint -
High costs of the testing device
The rising prevalence of diabetes is primarily expected to drive the grwoth of the haemoglobin A1c testing devices market during the forecast period. Moreover, increasing emphasis on preventive care coupled with higher accuracy offered by HbA1c testing devices for diabetes diagnosis is anticipated to offer significant growth opporunity for the market. However, the high cost of the devices and lack of product awareness in emerging nations is projected to hamper the market growth during the forecast period.
Some of the major companies that are present in the haemoglobin A1c testing devices market are F. Hoffmann-La Roche AG, Abbott, Siemens Healthcare GmbH, Beckman Coulter, Inc., Danaher, Bayer AG, Bio-Rad Laboratories, Inc. Thermo Fisher Scientific Inc., Trinity Biotech, and others.
North America is anticipated to dominate the global hemoglobin A1c testing devices market owing to the rising prevalence of diabetic patients and developed healthcare infrastructure. For instance, according to study conducted by International Diabetes Federation in 2017, an estimated 45.9 Mn adults were living with diabetes in North America, representing the regional prevalence of around 13.0% of the population. Higher product awareness and adoption of tests in countries such as Germany, France, and UK are expected to drive the growth of the market in Europe.
To gain extensive insights into the market, Request for Customization
On the other hand, Asia Pacific is expected to witness the fastest growth during the forecast period. Certain factors such as evolving healthcare infrastructure in nations such as China and India combined with exponentially increasing prevalence of diabetes is projected to drive the growth of the hemoglobin A1c testing devices market in Asia Pacific. Latin America and Middle East America are also expected to have a substantial growth in the hemoglobin A1c testing devices market during the forecast period.
By End User
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry