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HbA1c Testing Market Analysis, Size, Share, Growth, Trends, And Forecasts (2017 To 2022)

The Global HbA1c Testing market was valued at USD 1.32 billion in 2017 and is expected to reach USD 2.2 billion by 2022.
Lokesh Mattaparthy | 13.03.2018
© Lokesh Mattaparthy
HbA1c is a changed shape of an oxygen wearing pigment found in pink blood cells called hemoglobin. Most of the hemoglobin is in HbA form however a small fraction transforms into HbA1 throughout their lifespans. On in addition findings it changed into found in 1950s with the aid of the scientists that HbA1 may want to further be separated into HbA1a, HbA1b, and HbA1c. Patients affected by diabetes have an alarming excessive level of HbA1c found in their frame as its formation takes place simplest throughout a manner referred to as glycosylation which entails the conversion of glucose into glycogen for storage motive.The Global HbA1c Testing market is anticipated to grow at 11% CAGR from 2017 to 2022 and it is estimated that the global market was valued at USD 1.32 billion in 2017 and is expected to reach USD 2.2 billion by 2022.

The wide variety of human beings stricken by diabetes is growing exponentially with each passing day because of terrible nutritional picks coupled with lack of physical activities and excessive degrees of pressure. As a result, physicians are increasingly more prescribing HbA1c take a look at to their sufferers, which in turn is expected to power the market revenue for HbA1c Testing. Moreover, emergence of factor of care and different new devices to lower the value of diabetes testing is further anticipated to aid the marketplace growth

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The worldwide HbA1c Testing market is segmented on the basis of Type, Technology and End User. On the idea of Type, the marketplace is segmented into Hand Held Devices, and Bench Top Devices. In 2017, bench top devices led the sort section of the market because of its rapid and accurate results. On the premise of generation, the marketplace is segmented into Ion Exchange High-overall performance liquid chromatography, Enzymatic Assay, Affinity Binding Chromatography Turbidimetric Inhibition Immunoassay and Other. Increasing funding is fundamental aspect accountable for the dominance of affinity binding chromatography segment. On the premise of End User, the market is segmented into Hospital, Home Care, Diagnostic laboratory, and Research Institution. Rising recognition of home care offerings is a key factor governing this segments growth.

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On the Basis of geography, the HbA1c Testing marketplace is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. As of 2017, North America accounted for the largest share of the HbA1c Testing market observed with the aid of Europe and Asia Pacific. Asia Pacific is projected to register the best growth price within the coming years owing to the growing instances of diabetes. Moreover, low healthcare costs is a key thing boosting scientific tourism inside the place which in turn will aid the marketplace growth

Some of the key players operating in the market are like Transasia Biomedicals ltd., Abbott Laboratories, Alere, Inc., Arkray, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Siemens Healthcare and Trinity Biotech plc.

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