Showing posts with label Hemoglobin A1c Testing Devices Market. Show all posts
Showing posts with label Hemoglobin A1c Testing Devices Market. Show all posts

Friday, 2 September 2016

Predictions for Hemoglobin A1c Testing Devices Market in the next decade

Testing the levels of glycated hemoglobin provides an assurance to the healthcare practitioner about the patient’s blood glucose level. This test can be used for diagnosis and monitoring of hemoglobin A1c levels in diabetic patients. Since A1C test reflects the average amount of glucose for the past 2 to 3 months, it is opined to be more reliable than conventional blood glucose test. Physicians are increasingly prescribing HbA1c test to their patients which will lead to an increase in the test volume. Moreover, rising diabetes incidence rate is a major driver for the HbA1c testing market. With growing awareness about prevention and management of diabetes, the demand for HbA1c testing devices will rise rapidly especially in the Asia-Pacific, Latin America, MiddleEast and African regions.
Moreover, advent of these devices for the diagnosis of diabetes will further bolster the demand for these devices in future. For instance, approval for the COBAS INTEGRA 800 Tina-quant HbA1cDx assay, in 2013and Abbott’s ARCHITECT Clinical Chemistry Hemoglobin A1c (HbA1c) test approved in 2014 for the diagnosis of diabetes were the major steps in the hemoglobin A1c testing industry. With this diagnostic tools, physicians can combat the rising incidence of diabetes with timely and appropriate actions in identifying and managing diabetes.
Based on the end-use, the global hemoglobin A1c testing devices market is categorized into two segments namely laboratory testing and point-of-care (POC) testing devices. Laboratory testing devices held the majority share of the market in 2012, while the global market for point-of-care testing devices is expected to grow at a faster paceduring the forecast period.
Based on technologies, the hemoglobin A1c testing devices market is further categorized into five segments, namely, ion-exchange HPLC, immunoassay, boronate affinity chromatography, direct enzymatic assay and others. The boronate affinity chromatography market will be growing at a faster pace during the forecast period as this technology has no interference from hemoglobin variants and is also used in both laboratory as well as point-of-care testing. Healthcare practitioners are recommending the use of devices which offer least variant interference and this would elevate the demand for boronate affinity chromatography in HbA1c testing.
Geographically, the global hemoglobin A1c testing devices market is categorized into four regions, North America, Europe, Asia-Pacific and Rest of the World (RoW). North America was the market leader in 2012 due to high patient awareness coupled with the presence of sophisticated healthcare infrastructure. Also, the adoption of automated processes is rapid in this region which results in high demand for advanced laboratory and point-of-care testing devices with new technologies. Conversely, the Asia-Pacific region is expected to grow at a higher CAGR than others, owing to the presence of unmet healthcare needs, large diabetic population and increase in healthcare expenditure. Moreover, rising diabetes awareness among the general population will generate demand for diagnostic devices for HbA1c testing. Also, inadequate accessibility to the clinical laboratories in this region, demands more of point-of-care devices to enable immediate results during the patient visit.
The global hemoglobin A1c testing devices market is characterized by the presence of some of the major companies including Abbott Laboratories, Alere, Inc., Arkray, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Siemens Healthcare and Trinity Biotech plc. These players are seeking to develop HbA1c analyzers with quicker turnaround time, higher accuracy and reliable results. Moreover, approval of devices for diagnosis of diabetes has reinforced the development activities of these organizations to introduce products for rapid and early diagnosis.

Thursday, 12 May 2016

Predictions for Hemoglobin A1c Testing Devices Market in the next decade

The global hemoglobin A1c testing devices market will expand at a CAGR of 10.3% from 2013 to 2019. This market was valued at US$0.94 bn in 2012 and owing to its current and expected drivers, will reach US$1.86 bn by the end of 2019.The latest data on the global hemoglobin A1c testing devices market is maintained in a research report released by Transparency Market Research, titled “Hemoglobin A1c Testing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.”
A1c is a common blood test used in many healthcare organizations in order to test a patient for diabetes, both type 1 and type 2. The test is also used to measure the level to which the patient is coping with the disease. Other common names for the A1c test include the HbA1c test, the glycosylated hemoglobin test, and glycated hemoglobin test.
According to the report, the global hemoglobin A1c testing devices market is currently being driven by a large growth in patient demand. This can be attributed to the increase in the percentage of the geriatric demographic, as well as the growing prevalence of diabetes across the world.
In calculating the overall growth rate and future scope of the global hemoglobin A1c testing devices market, the report also takes into consideration the various factors that are – and might continue to – hinder the market growth. Of these, the biggest hurdle faced by the market is the high cost of these devices. Owing to this high cost, the total number of patients with access to A1c testing is lower, thereby creating a downturn in the overall development rate of the market.
The report provides a segmented analysis of the global hemoglobin A1c testing devices market, based on the categories of end users, technologies, and geography.
On the basis of end use, the global hemoglobin A1c testing devices market is bifurcated into PoC testing devices and laboratory testing devices. Of these, the market is currently led by the latter segment. The laboratory testing devices segment had also dominated the market in 2012, with a share of over 66% in the market. It will continue to dominate the global hemoglobin A1c testing devices market till 2019, but will show a far slower growth rate as compared to the point-of-contact testing devices segment.
In terms of technology, the global hemoglobin A1c testing devices market was led by the ion-exchange HPCL segment. The report, however, puts the segment of boronate affinity chromatography at the top of the technologies to be used in the market in 2019 based on its rapid growth rate.
The report’s geographical analysis of the global hemoglobin A1c testing devices market reveals North America to be the leading region in the market in 2012. The report also expects this region to maintain its leading position in the market till the end of the forecast period. At the same time, the region with the fastest growth rate is said to be Asia Pacific owing to its rapidly developing healthcare industry and the high population density, coupled with a rising number of diabetes prevalence.
The key companies in the global hemoglobin A1c testing devices market are Trinity Biotech, Siemens Healthcare, F. Hoffmann-La Roche Ltd., Menarini, EKF Diagnostics Holdings plc, Chek Diagnostics, Danaher Corp., Bio-Rad Laboratories Inc., Alere Inc., ARKRAY Inc., and Abbott Laboratories.

Thursday, 31 March 2016

Hemoglobin A1c Testing Devices Market in the next decade

Testing the levels of glycated hemoglobin provides an assurance to the healthcare practitioner about the patient’s blood glucose level. This test can be used for diagnosis and monitoring of hemoglobin A1c levels in diabetic patients. Since A1C test reflects the average amount of glucose for the past 2 to 3 months, it is opined to be more reliable than conventional blood glucose test. Physicians are increasingly prescribing HbA1c test to their patients which will lead to an increase in the test volume. Moreover, rising diabetes incidence rate is a major driver for the HbA1c testing market. With growing awareness about prevention and management of diabetes, the demand for HbA1c testing devices will rise rapidly especially in the Asia-Pacific, Latin America, MiddleEast and African regions.
Moreover, advent of these devices for the diagnosis of diabetes will further bolster the demand for these devices in future. For instance, approval for the COBAS INTEGRA 800 Tina-quant HbA1cDx assay, in 2013and Abbott’s ARCHITECT Clinical Chemistry Hemoglobin A1c (HbA1c) test approved in 2014 for the diagnosis of diabetes were the major steps in the hemoglobin A1c testing industry. With this diagnostic tools, physicians can combat the rising incidence of diabetes with timely and appropriate actions in identifying and managing diabetes.
Based on the end-use, the global hemoglobin A1c testing devices market is categorized into two segments namely laboratory testing and point-of-care (POC) testing devices. Laboratory testing devices held the majority share of the market in 2012, while the global market for point-of-care testing devices is expected to grow at a faster paceduring the forecast period.
Based on technologies, the hemoglobin A1c testing devices market is further categorized into five segments, namely, ion-exchange HPLC, immunoassay, boronate affinity chromatography, direct enzymatic assay and others. The boronate affinity chromatography market will be growing at a faster pace during the forecast period as this technology has no interference from hemoglobin variants and is also used in both laboratory as well as point-of-care testing. Healthcare practitioners are recommending the use of devices which offer least variant interference and this would elevate the demand for boronate affinity chromatography in HbA1c testing.
Geographically, the global hemoglobin A1c testing devices market is categorized into four regions, North America, Europe, Asia-Pacific and Rest of the World (RoW). North America was the market leader in 2012 due to high patient awareness coupled with the presence of sophisticated healthcare infrastructure. Also, the adoption of automated processes is rapid in this region which results in high demand for advanced laboratory and point-of-care testing devices with new technologies. Conversely, the Asia-Pacific region is expected to grow at a higher CAGR than others, owing to the presence of unmet healthcare needs, large diabetic population and increase in healthcare expenditure. Moreover, rising diabetes awareness among the general population will generate demand for diagnostic devices for HbA1c testing. Also, inadequate accessibility to the clinical laboratories in this region, demands more of point-of-care devices to enable immediate results during the patient visit.
The global hemoglobin A1c testing devices market is characterized by the presence of some of the major companies including Abbott Laboratories, Alere, Inc., Arkray, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd., Siemens Healthcare and Trinity Biotech plc. These players are seeking to develop HbA1c analyzers with quicker turnaround time, higher accuracy and reliable results. Moreover, approval of devices for diagnosis of diabetes has reinforced the development activities of these organizations to introduce products for rapid and early diagnosis.

Tuesday, 24 February 2015

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

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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.


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.


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