Medical Devices: February 2015

Thursday 26 February 2015

Sports Medicine Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Sports Medicine Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Transparency Market Research (TMR) has recently included a new research report on the global sports medicine devices market to its comprehensive reports database. The report, titled “Sports Medicine Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, states that the global sports medicine devices market will grow at a CAGR of 4.4% between 2013 and 2019. The global market of sports medicine devices had a net worth of nearly US$6,100.6 million in 2012. By the end of the forecast period, the report states that the market will have an approximate value of US$8,284.0 billion.

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The report states that the rising importance and popularity of sports activities amongst the young as well as the old, the rising focus on developing cost-effective sports injury treatments, the increase in global geriatric population, and rising demand for arthroscopic procedures are currently driving the global sports medicine devices market. Rising disposable incomes in developing countries has also further boosted growth of the global sports medicine devices market. However, the issue of unfavorable reimbursement policies in developed counties could impart a downward thrust to the market during the forecast period.

To treat the variety of commonly occurring sports injuries such as strain, sprain, musculoskeletal injuries, joint dislocation, soft tissue damage, and fractures, the sports medicine devices market comprises a variety of products and devices such as bandages, braces, performance monitoring devices, hot/cold therapy products and tapes.
The report focuses on three major segments of the global sports medicine devices market: orthopedic devices, recovery and support products, and regionally active markets.
The report further segments the sector orthopedic sports medicine devices into fracture repair devices, orthobiologics, prosthetics, arthroscopy devices, and artificial joint implants. The recovery and support sports medicine devices segment is further classified into performance monitoring devices, braces and accessories.

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The market segment other recovery products is further divided into thermotherapy, compression clothing, electrical stimulation, cryotherapy and ultrasound therapy, based on the type of product available in the market. Geographically, the report studies the global sports medicine devices market into four regions: Europe, North America, Asia, and the Rest of the World (RoW).

The product-type arthroscopy devices emerged as the largest market segment of the global sports medicine devices market in 2012, and had a net worth of nearly US$1,593.8 million in 2012. Regional sports medicine devices market North America emerged as the leading market from a geographic standpoint, and had a net worth of nearly US$2,478.2 million in 2012.
The highly consolidated marketplace has only a few regional and local businesses supplying these devices in certain regional markets. Some of the key players in the global sports medicine devices market include Arthrocare, Arthrex, Stryker Corporation, Biomet, Inc., OttoBock Healthcare GmbH, DJO Global, Zimmer Holdings, Inc., Ossur hf, and Wright Medical Technology, Inc.

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Wednesday 25 February 2015

Defibrillators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Defibrillators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
The global defibrillator market reached a total worth of US$9.3 billion in 2012. After an estimated CAGR of 6.2% from 2013 to 2019, the market will reach a value of US$14.2 billion in 2019.
A research document titled “Defibrillators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, published by Transparency Market Research, covers all key foundations and structures of growth in the defibrillators market.
The report provides statistical information that displays the increasing number of cardiovascular disorders and its direct relation with the aging population from the baby boomer era in the United States.

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The market is shown to be driven by a growing demand from emerging nations in the Asia Pacific and Middle East regions, where more workplaces and business environments are installing automated external defibrillators. This is expected to benefit the defibrillators market in the near future.
The report also holds a segmented view of the global defibrillators market according to product types and end users. By product, the report identifies Advanced Life Support (ALS) defibrillators, Implantable Cardioverter Defibrillators (ICDs), Automated External Defibrillators (AEDs), and wearable defibrillators.

The report shows that the largest market share in 2012 was held by implantable defibrillator devices, which showed the highest revenue gain. The ALS defibrillators held second place.
Foreseen factors for growth in the ALS defibrillators segment are a global increase in healthcare infrastructure, along with improving technologies to build state of the art hospitals and ambulances.
The report provides critical market estimators for the end user segment of the defibrillators market for the forecast period. The end users such as hospitals, public access, home, business workplace, and emergency medical services. Almost 90% of the end users segment was held by hospitals in 2012.

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The end user sectors of business workplace and public access are expected to show a rapid growth rate in the forecast period.
Government initiatives, especially in North America, are expected to increase awareness about the feasibility and the overall advantages of possessing AEDs in the event of sudden cardiac arrest will also prove to be a significant driver for the defibrillators market.

The report identifies North America as the geographically dominant player in the defibrillators market. It is expected to maintain a leading rank throughout the forecast period.
The report also explores the top companies in the global defibrillators market including St. Jude Medical Inc., Medtronic Inc., Philips Healthcare, Boston Medical Corporation, and Zoll Medical Corporation.

Legislative work that would make AED installation mandatory and the incorporation of Samaritan Laws that grant immunity to the prime respondent are expect to promote the defibrillators market in Europe.

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Sterilization Equipment and Disinfectants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Sterilization Equipment and Disinfectants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
A new market study published by Transparency Market Research (TMR) presents a comprehensive analysis of the global sterilization equipment and disinfectants market. The market study talks about the current market situation and its impact on the future of the sterilization equipment and disinfectants market around the world. The report is titled “Sterilization Equipment and Disinfectants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.

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Sterilization equipment and disinfectants are used to sterilize medical instruments, pharmaceutical components, and laboratory equipment. Sterilization equipment and disinfectants are essential components for infection control, as medical devices need sterilization and disinfection after being used, since they get contaminated with bioactive components.
The global market for sterilization equipment and disinfectants had reached a value of US$5.13 billion in 2012. It is estimated that the market will register a cumulative average growth rate of 8.5% during 2013 to 2019, and reach US$9.15 billion by 2019.
The market research report, inclusive of a detailed analysis of past performances, current trends, and future prospects of the global sterilization equipment and disinfectants market, makes for an informative and engaging piece of study.

The research report discusses the types and applications of sterilization equipment and disinfectants, in which sterilization equipment holds around 70% of the market based on revenue. The market for sterilization equipment is likely to rise at a 9.1% CAGR, which is expected to be the highest among all segments from 2013 to 2019. This development is credited to the user-friendliness and broad application area of the sterilization equipment market. In addition to this, sterilization equipment is safer to use than active disinfectants, which come with their own set of possible side-effects.

In 2012, the heat sterilization equipment market held the largest share on the basis of revenue in the total sterilization equipment market. It is likely to increase at an 8.6% CAGR from 2013 to 2019. This development is credited to the fact that heat sterilization equipment is more user-friendly and safer as compared to low-temperature sterilization equipment and others. However, low temperature sterilization is likely to register a growth at the highest, 10.9% CAGR during 2013 to 2019.

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Regionally, North America held the largest share of the global sterilization equipment and disinfectants market, holding more than 40% of the sterilization equipment and disinfectants industry in 2012. Increase in demand for non-disposable surgical devices such as distracters, endoscopy devices, and forceps are the growth drivers behind the rise of the sterilization equipment and disinfectants market in North America. Asia Pacific is the fastest developing sterilization equipment and disinfectants market, increasing at a 10.9% CAGR from 2013 to 2019.

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Continuous Glucose Monitoring MarketContinuous Glucose Monitoring Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Continuous glucose monitoring devices are smart, tiny automated machines that provide a wide range of information about a patient’s fluctuating blood glucose levels such as the frequency, magnitude, direction, duration and causes of the glucose fluctuation in the patient’s body and help in taking optimal treatment decisions well before the outburst of an emergency situation.

Conventional glucose mentoring systems, which require obtaining a speck of blood on a lancing device and analyzing the glucose level in the blood sample thus obtained by using a glucose meter, are generally used once a day by most patients. Continuous glucose monitoring systems, on the other hand, allow for a continuous monitoring of blood glucose levels per day. As such a close inspection of trends in a patient’s glucose level fluctuation is possible, allowing the identification and prevention of emergencies.

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The difference between a conventional glucose mentoring system and a continuous glucose monitoring system is similar to the difference between a conventional camera and a security video surveillance camera. The camera takes accurate snapshots at discrete moments, specifically at the moments when it is manually operated. The small set of pictures thus taken can be carefully studied to analyze any given situation but no specific data about trends in the situation under-cover can be gathered from the pictures.
The security surveillance camera, on the other hand, records video streams of multiple frames, albeit poorly focused, and displays a sequential array of these recorded frames. The trend observable from the array of frames can be used to predict future. But, too much information is captured on each frame, making it quite difficult to study each frame carefully. Also, no manual interaction is required for it to record something, except for the initial set-up efforts to turn it on.

The two types of glucose monitors essentially have the similar kind of differences:
A conventional glucose monitor can measure glucose levels at discrete intervals almost accurately, whereas a continuous glucose monitor can measure glucose levels at multiple moments with fair accuracy. A conventional glucose monitor cannot predict future glucose levels as it does not study or analyze trends from past results. With a continuous glucose monitor, however, this is possible as a result of its capability of capturing and analyzing trends by making use of past results. Also, conventional glucose monitors require manual efforts to operate whereas continuous glucose monitors are automated.
Looking back at the camera analogy, we know that a security surveillance camera is often more useful than a regular camera in cases when the outcome is more important than just the momentary frames. Correspondingly, the best way to monitor blood glucose levels often may be a continuous glucose monitor rather than a conventional glucose monitor.

The technology used in the currently available continuous glucose monitors is either the continuous measurement of the interstitial fluid (ISF) that involves minimal invasiveness or by applying electromagnetic currents through the skin to the blood vessels of the body that involves no invasion in the body.
The most common method of these two methods is the one that measures the ISF through minimal invasion in the body. It involves fixing a sensor into the abdominal wall or the arm so that it comes in contact with the ISF of one’s body. The ISF is harvested by using various methods and is then delivered to an external sensor that monitors the glucose levels.

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This technique is called minimally invasive as the sensor is pricked on the skin only as deep as to compromise the barrier of skin and not puncturing any blood vessel.
Continuous glucose monitors are basically simple-looking devices that produce complex-looking data and this can, especially at times when the user is not well educated about the correct meaning of these data-pieces, can disguise the patient in taking erroneous corrective measures. Also, it should be understood that the glucose levels are prone to rise at times such as right after eating something or after a period of exercise. Such conditions should not prompt the patient in taking doses of insulin or eating something, to manage the sudden fluctuation. Instead the patient should be prompted to check the glucose level by finger-sticking a blood sample through a conventional glucose monitor.

It is obvious that continuous glucose monitoring techniques are currently less accurate than the conventional glucose monitors. But they are more beneficial as they provide data every frequent interval and keep feeding data throughout the day and night. Most systems also incorporate alarms for extreme results that may indicate cases of hyper and hypoglycemia. Also, when these systems are in use almost continuously over extensive time periods, there is huge possibility that significant improvements in controlling glucose levels can be easily achieved.

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Rapid Medical Diagnostic Kits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

A recent publication issued by Transparency Market Research (TMR), offers a detailed analysis of the rapid medical diagnostic kits market. The report discusses the present market scenario and its impact on the future of the global rapid medical diagnostic kits market. The global rapid medical diagnostic kits market was valued at US$17656.1 million in 2012.

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The market study, titled “Rapid Medical Diagnostic Kits Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, makes for an informative report, having in-depth analysis of past performances, current trends, and future prospects of the global rapid medical diagnostic kits market.
The market for rapid medical diagnostic kits is witnessing an exceptional growth curve globally due to the continuous rise in demand for precautionary management of communicable ailments. Since its inception, rapid medical diagnostic kits are becoming an imperative segment of the medical diagnostics market and the potential of this market has been continually increasing in terms of detectable ailments and approval by end users.

This research report studies the global rapid medical diagnostic kits market on three major fronts, namely technologies, application areas, and region.
The rapid medical diagnostic kits market, based on application, has been further classified into three categories such as home-use, clinical testing, and veterinary diagnostics. In addition to this, the rapid medical diagnostic kits market, based on technology, has been classified into flow-through, solid phase, lateral flow, and agglutination assays. Every segment is evaluated considering its market size for the period between 2011 and 2019. This also consists of the market insights and predictions for the rapid medical diagnostic kits industry in terms of CAGR for the period from 2013 to 2019, determining 2012 as the base year.

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Regionally, the rapid medical diagnostic kits market is classified into four markets, which are North America, Europe, Asia Pacific and Rest of the World. The future estimation during the period of 2013 to 2019 for each of these markets has been incorporated in this report.

The rapid medical diagnostic kits market overview presents the qualitative analysis of the market dynamics of the global market for rapid medical diagnostic kits, and hence, it consists of information about the market growth drivers, limitations, opportunities, Porter's five forces model, and market magnetism of this industry

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Multiplexed Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

In a recent publication released by Transparency Market Research (TMR), a comparative study of the global multiplexed diagnostics market is presented, taking into consideration past performance, present market conditions, and future prospects of this industry.
The global multiplexed diagnostics market had reached a value of US$2.8 billion in 2012. It is likely to attain an expected value of US$9.8 billion in 2019, growing at a 19.4% CAGR from 2013 to 2019.

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The research report offers a detailed study on the multiplexed diagnostics market that highlights the market trends prevalent in this industry and its effect on the future growth of the market. The research report is titled “Multiplexed Diagnostics Market (Technologies: Very High, High, Medium, Low Density Multiplexed Assays & Next-Generation Sequencing; Applications: Infectious Disease Diagnosis, Oncology, Autoimmune Diseases, Cardiac, Allergies and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.

Multiplexed diagnostics is a technique that provides fast results in limited samples, thereby saving both time and money. It provides great benefits such as rapid detection and analysis of various assays in parallel, declined cost for reagents, labor, and consumables, reduced time duration by permitting one to read large volumes of data at once and enabling the testing of a host of markers at the same time, and assurance of accurate test results through the addition of quality standards, internal quality controls, and calibration curves. Saving precious samples and increasing sample output are the added advantages of multiplexed diagnostics technique.

Based on the types of technology, the medium density multiplexed assay segment is leading the entire multiplexed diagnostics market at present. Low density multiplexed diagnostics assays follows suit. Antibody arrays and bead-based arrays are the most utilized multiplexed diagnostics techniques. The reason behind the dominance of medium density arrays is their multiple applications in other technologies used in multiplexed diagnostics.

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Based on geographical distribution, North America dominates the multiplexed diagnostics market across the globe. Advanced medical and healthcare infrastructure, developed technology, and increasing pace of adoption are some of the key factors that are pushing the multiplexed diagnostics market ahead in this region. Asia Pacific is an attractive market for multiplexed diagnostics because of the rapid growth in medical and healthcare industry in this region. Furthermore, Asia Pacific is home to more than 50% of the global population and exhibits the highest prevalence of cardiac ailments and infectious diseases. Japan holds the dominant market stature a present and is followed by India and China.

The report also includes company profiles of key players of within the multiplexed diagnostics market such as Seegene, Inc., Life Technologies Corporation, Luminex Corporation, Gen-Probe, Inc., Illumina, Inc., F. Hoffman-La Roche, Ltd., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., bioMerieux, Inc., and Affymetrix, Inc.

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Surgical Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

The huge importance of surgical equipments in any surgery makes the global surgical equipments market an important branch of the global healthcare industry. However, the economical nature of these tools/devices makes the market a rather smaller part of the more than US$4 trillion dollar global healthcare industry. The market is expected to experience modest growth from US$8.43 billion in 2012 to US$11.28 billion in 2019, representing a CAGR of 4.2% over the period.

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This report is an effort to analyze and identify the significant driving forces involved in the global, as well as regional surgical equipment market that is set for the next six years. This report provides market information, market trends, size, growth, and extensive analysis of the surgical equipment market based on comprehensive assessment and various factors.

Due to rapidly growing operating facilities along with growing number of hospitals in emerging economies, there is a high competition observed in the global surgical equipment market with local and international players. Nonetheless, in 2011, the four major players in this market accounted about 64% of the total market share. Clearly, Ethicon was the leader in the global surgical equipment market accounting – 34.4% market share in 2011.

For the forecast period 2013 to 2019, the surgical equipment market will be determined by factors such as worldwide aging population, rise in demand for minimally invasive procedures, year on year increase in the number of surgical procedures, and technological developments leading to innovative products. Major factors driving the growth of this industry are increased healthcare expenditure, improving standards of living and longer life expectancies.

Electrosurgical devices play a vital role in minimally invasive procedures across different surgical applications in this industry. The rise in demand for such instruments and procedures will trigger the demand for electrosurgical devices on a wider scale.

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On the other hand, supplementary factors such as rising demand for advanced wound closure materials such as glues and fibrin sealants, side effects
associated with products leading to product recalls, implementation of Patient Protection and Affordable Care Act (PPACA) in the U.S., and intense price competition from local manufacturers may cause challenges to key players operating in the surgical equipment market.

The global surgical equipment market has been segmented into three major product types, namely:

Surgical Sutures and Staples
Surgical Handheld Instruments
Electrosurgical Devices

This industry is also constituted of mechanical devices (such as disposables, lasers, heavier cutting tools, electro-surgery devices, generators and accessories), wound closure products such sutures (non-absorbable and absorbable), and handheld instruments (blades, scalpels, clamps and scissors).

The remarkable economic growth of surgical equipment market is mainly noticed in Europe, Japan, and other emerging economies such as China and India. Geographically, the market is segmented into four regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW).

This report covers the market size and forecast study for each major segment with respect to all four regions, for the same forecast period 2010 to 2019. It also covers the CAGR (%) for this same duration including qualitative analysis of the competitive scenario in each of these regions. Inclusive are the profiles of major players in the global surgical equipment market, namely, Ethicon, Inc., Covidien plc, B. Braun Melsungen AG, ERBE Elektromedizin GmbH, CONMED Corporation, KLS Martin LP, Integra LifeSciences Holdings Corporation, Medicon eG, Stryker Corporation, Aspen Surgical Products, Inc. and CareFusion Corporation.

Nevertheless, the report also offers a list of recommendations that includes new entrants, as well as existing market players that aim to establish a strong presence in the market and accentuate their market shares on a global platform.

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Tuesday 24 February 2015

Infusion Pumps Market - Market Dynamics and Opportunities Report by Transparency Market Research

Infusion Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

Transparency Market Research, a U.S.-based market intelligence firm, recently announced the addition of a comprehensive report on the global infusion pumps market. The report, titled ‘Infusion Pumps Market (Large Volume, Disposable, Syringe, Ambulatory and Implantable) - Global Industry Analysis, Size, Share, Growth, Trends And Forecast, 2013 – 2019’ is now available for sale on the company’s website www.transparencymarketresearch.com.

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To begin with, the report offers an in-depth analysis of the dynamics of the infusion pumps market. Infusion pumps are widely used the world over in the medical industry. They have emerged as the preferred methods of delivering a variety of therapeutic fluids and drugs such as: saline solutions, plasma, dextrose, and so on. What makes these pumps so useful is that they have the ability to precisely control the amount of drug or fluid to be administered. In the recent past, the core functions of infusion pumps have been supplemented with the use technology. This has made them more reliable and safe to use.

This report also discusses the various ways in which the market is segmented based on infusion techniques or routes. Some of the major routes utilized by medical practitioners are-enteral, intrathecal, arterial, epidural, subcutaneous, intravenous, and peritoneal. Each of these infusion methods and the pumps required for the same are discussed in detail. The report offers an overview of the opportunities that exist within these pump categories.

This report goes on to use facts and figures from previous years to create a growth graph of the infusion pumps market, and also to project the future growth trajectory of various types of infusion pumps. Much of the growth in demand for infusion pumps in the recent past has taken place due to the rising number of patients suffering from cancer, diabetes, and chronic pain.

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The report classifies the infusion pumps market based on the product type and goes on to analyze each product type in detail. The five major sub-categories mentioned as part of this are: large volume, syringe, disposable, ambulatory, and another category of implantable infusion pumps.

Furthermore, the report offers a detailed analysis of the global market for infusion pumps based on major applications such as chemotherapy, clinical nutrition, diabetes, analgesia, and others. The pumps, based on their pumping channel (single or multiple), are also analyzed as part of this report.
Moving further, this report provides users an overview of the market based on geographical regions. For this purpose, the market has been divided into Europe, North America, Asia-Pacific, and Rest of the World (RoW).

Another key differentiator of the report is that it provides recommendations and market highlights based on the primary and secondary data. This is certain to help market players-both current and future-to find solutions for growth and sustenance in the global infusion pumps market.

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Hyaluronic Acid Products Market - Market Dynamics and Opportunities Report by Transparency Market Research

Hyaluronic Acid Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

According to “Hyaluronic Acid Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, a new research report published by Transparency Market Research, the global hyaluronic acid products market valued at US$5.32 billion in 2012, is expected to reach US$9.85 billion by the end of 2019, registering growth at a CAGR of 9.2% during the forecast period from 2013 to 2019.

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Hyaluronic acid is a type of glycosaminoglycan that performs multiple functions in the human body, such as transporting nutrients through the body and retaining water in body tissues. It creates protective and flexible layers around the cell during nascent developments taking place inside the human body and conditions such as wound healing, inflammation, and cancer. Hyaluronic acid is an important component that is present naturally in a human body and is found in high concentrations in fluids around the joints and in the eyes.
A global surge in demand for hyaluronic acid products has been noticed in the recent years. Factors such as the increasing geriatric population, rising demand for anti-ageing procedures, increased consciousness among patients regarding product side-effects, and rising demand for minimally invasive surgical methods have significantly aided the expansion of the market for hyaluronic acid products globally.

In this report, we shall find segment-wise analysis of the global hyaluronic acid product market both in terms of product types and applications. In-depth investigation of the market’s performance in individual geographic pockets has been included in the research report as well. Geographically, the research study has segmented the market into North America, Europe, Asia Pacific, and Rest of the World. On the basis of type of product, the market for hyaluronic acid products can be segmented under the categories of single-injection cycle, three-injection cycle, and five-injection cycle. Among these segments, the market for single-injection cycle and three-injection cycle is expected to multiply within the next couple of years due to changing dynamics of the market and high preference among patients in favor of short duration treatments.

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In terms of application, the market for hyaluronic acid can be segmented into osteoarthritis, ophthalmic, dermal fillers, and vesicoureteral reflux (VUR). In the application market, the demand for hyaluronic acid products is the highest in VUR disorders. The demand for hyaluronic acid products from the VUR segment is expected to grow at a CAGR of 12.0% during the forecast period from 2013 to 2019.

According to the report, the major players in the global hyaluronic acid products market include Anika Therapeutics, Inc., Ferring Pharmaceuticals, Inc., Meiji Seika Pharma Co., Ltd., Merz Aesthetics, Inc., Seikagaku Corporation, F. Hoffmann-La Roche Ltd., Galderma S.A., Salix Pharmaceuticals, Inc., Sanofi (Genzyme), Zimmer Holdings, Inc. Allegran Inc., Alcon, Inc., and Smith & Nephew plc.

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Hemoglobin A1c Testing Devices Market - Market Dynamics and Opportunities Report by Transparency Market Research

Hemoglobin A1c Testing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
According to a new market report published by Transparency Market Research “Hemoglobin A1c Testing Devices Market (End-use–Laboratory and Point-of-Care Testing Devices; Technologies - Ion-Exchange HPLC, Immunoassay, Boronate Affinity Chromatography, Direct Enzymatic Assay and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,”theglobal hemoglobin A1c(HbA1c) testingdevices market was valued at USD 0.94billion in 2012 and is expected to reach a value of USD 1.86 billion in 2019, growing at a CAGR of 10.3% from 2013 to 2019.

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Measuring glycated hemoglobin provides an average blood glucose level for the past 2 to 3 months. This test provides a much reliable status of the patient’s condition rather than the conventional blood glucose tests. With the advent of HbA1c testing for diagnosis of diabetes, the overall diabetes diagnosis market is expected to undergo impressive growth in the future. In addition, the demand for such devices is bound to increase rapidly with rising awareness about diabetes prevention and management. The rising global incidence rate of diabetes and aging of population are the other major factors contributing to the growth of this market.

Amongst the twoend-uses, the global hemoglobin A1ctestingdevices market was dominated by laboratory testingdevices with a market share of approximately 66.2% in 2012,on account of high presence of these devices in the developed markets which formed the major revenue base for the global market players.

Increase in awareness about HbA1c testing will lead to growth in preference and prescription by physicians and will thereby increase the demand for such testing devices.However, the global market for point-of-care testingdevices will be the faster growing segmentas against laboratory testing. Factors such as growth in home healthcare market, rising demand for rapid and bed-side testing devices and growing need for early diagnosis and efficient disease management will contribute to the growth of this market segment during the forecast period.

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The global hemoglobin A1ctestingdevices market by technology was dominated by ion-exchange HPLC testing technologysegment in 2012,on account of its higher accuracy. Moreover, being the first technology utilized for testing glycated hemoglobin, it is considered to be the standard technology for HbA1c testing. In addition, it is used in conjunction with other technologies to provide faster and more accurate results.However, the boronate affinity chromatographytechnology market will record the highest growth due to its highest accuracy among all techniques and quick results. This technology is observed to show no effect of any of the hemoglobin variants i.e. it has no interference in test resultsfrom hemoglobin variants. It is expected that during the forecast period 2013 – 2019, the global boronate affinity chromatography technology market will grow at a CAGR of 11.9%.

North America dominated thehemoglobin A1ctestingdevices market in 2012 and is expected to maintain its lead position in the global market till 2019. However, theAsia-Pacific market is estimated to grow at a higherCAGR of 12.2% from 2013 to 2019 due to increasing awareness about accuracy and efficacy of hemoglobin A1ctesting, which will drive thedemand for HbA1c testing devices. India and China are the leading countries in terms of diabetic population, and the Asia-Pacific region shows a rapidly increasing incidence rate for diabetes which will ensure a steady demand for a reliable and effective HbA1c testing method.Some of the key players in the global hemoglobin A1ctestingdevices market include Abbott Laboratories, Alere, Inc., Arkray, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., A. Menarini Diagnostics, F. Hoffmann-La Roche Ltd. and Siemens Healthcare.

Download PDF: Hemoglobin A1c Testing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

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