Sarasota, FL, Nov. 30, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Hba1c Testing Device Market by Device Type (Handheld Device and Bench-top Device) and by Technology Type (Ion-exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Turbidimetric Inhibition Immunoassay and Other) for Hospitals, Homecare, Diagnostic Laboratory and Research Institutions - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, the global HbA1c testing device market accounted for around USD 1.20 billion in 2015 and is expected to reach approximately USD 2.20 billion by 2021, growing at a CAGR of around 11 % between 2016 and 2021.
Hemoglobin is the red protein molecule responsible for carrying oxygen from lung to the body’s organ and tissues. Glucose molecule sticks to the N-terminal amino acid of the hemoglobin molecule by nonenzymatic attachment to form a hemoglobin A1c or HbA1c, also called as glycosylated hemoglobin molecule. Diabetes mellitus is a common form of diabetes, caused by pancreatic insulin deficiency, which affects metabolization of starch and sugar. HbA1c level reflects the average glucose concentration over the previous period and provides a much better indication of body glucose control than urinary and blood glucose determinations.
Browse through 18 Market Tables and 24 Figures spread over 110 Pages and in-depth TOC on “Global Hba1c Testing Device Market: By Type, Technology, Devices, Size, Growth, Trends, Industry Segment and Forecast 2015-2021”.
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The growth of HbA1c testing device market is propelled by increasing number of diabetes population. Geriatric and obese populations are more prone to diabetes mellitus. Globally, USD 673 billion healthcare expenditure is spent on diabetes management which is 12% of total healthcare expenditure. In 2015, around 5.0 million deaths are due to diabetes. Moreover, emerging technologies for diabetes management and increasing awareness of diabetes preventive care are projected to fuel the growth of HbA1c testing device market. In addition, increasing doctor’s prescription pattern for HbA1c testing is a key factor for generating more demand for the HbA1c testing device. On another hand, the high cost of device and limitation of results of the certain population like pregnant, elderly and non-Hispanic black could be a roadblock in the market. Nonetheless, untapped market and increasing demand for medical tourism in emerging markets are likely to open new opportunities in the forecast period.
Based on the device type, the market of the HbA1c testing device has been classified into the handheld device and bench-top device. Bench-top HbA1c testing device is widely used in the diagnostic laboratory due to minimal handling and fastest & accurate results. Bench-top HbA1c testing device segment has acquired the largest market share of more than 65% in 2015 compared to the handheld device and in forecast period handheld HbA1c testing device is projected to grow at the healthy rate.
Browse the full "Hba1c Testing Device Market by Device Type (Handheld Device and Bench-top Device) and by Technology Type (Ion-exchange HPLC, Enzymatic Assay, Affinity Binding Chromatography, Turbidimetric Inhibition Immunoassay and Other) for Hospitals, Homecare, Diagnostic laboratory and Research Institutions - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/hba1c-testing-device-market
Based on the technology the market of the HbA1c testing device has been segmented as ion-exchange HPLC, enzymatic assay, affinity binding chromatography, turbidimetric inhibition immunoassay and other. With more than 30% revenue contribution, affinity binding chromatography segment was leading the HbA1c testing device market in 2015 due to increasing investment by the manufacturer in the medical device.
HbA1c testing device market is segmented on the basis of end user into hospitals, home care, diagnostic laboratory and research institution. Diagnostic laboratory segment dominated the market followed by home care segment and it is expected to grow at the highest rate in the forecast period. With increasing home care service and demand for homecare HbA1c testing device, homecare segment will exhibit significant growth in the forecast period.
Around 44 million people are diabetic and diabetes is one of the leading causes of deaths in North America. This indicates that the demand for the HbA1c testing device is very high and it results in rising healthcare expenditure on diabetes, thus North America was a leading segment in HbA1c testing device market in 2015. North America HbA1c testing device market is expected to show noticeable growth with emerging technologies in the forecast period.
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In Europe, more than 59 million people are diabetic and it is continuously increasing resulting in increased disability and enormous healthcare expenditure thus in forecast period, Europe HbA1c testing device market is expected to show significant growth.
Asia-Pacific is at the peak of the epidemic of diabetes and this is due to rapid urbanization & industrialization and changes in lifestyle factors. More than 60% of the people with diabetes live in Asia pacific. The effect of chronic diseases in adult life and the resulting epigenetic changes are also responsible for increased risk of diabetes mellitus. China is expected to show the fastest expansion over the forecast period. This will be propelled by an increase in the diabetic population due to urbanization and by expected technology launches.
Latin America and the Middle East & Africa HbA1c testing device market is also expected to generate new opportunities in the forecast period. Brazil HbA1c testing device market dominated the Latin America and it is predicted to grow at the noticeable rate in the forecast period.
Key operating players in HbA1c testing device 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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The report segment of global Hba1c Testing Device Market as follows:
HbA1c Testing Device Market: Device Type Analysis
- Handheld Device
- Bench-top Device
HbA1c Testing Device Market: Technology Type Analysis
- Ion-exchange HPLC
- Enzymatic assay
- Affinity binding chromatography
- Turbidimetric inhibition immunoassay
- Other
HbA1c Testing Device Market: Device Type Analysis
- Hospital
- Homecare
- Diagnostic laboratory
HbA1c Testing Device Market: Regional Type Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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