Point-of-care Glucose Testing Market

Point-of-care Glucose Testing Market by Products (Accu-Chek Inform II, StatStrip, Onetouch Verio Flex, Freestyle Lite, Accu Check Aviva Meter, True Metrix, Bayer CONTOUR Blood Glucose Monitoring System, and i-STAT), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-752
  • Author: Growth Market Reports
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The global point-to-care glucose testing market size was valued at USD 6.04 billion in 2019 and is projected to expand at a substantial CAGR during the forecast period, 2021 – 2028. The growth of the market is attributed to the technological advancements towards the developing of blood glucose tests.
 

Point-of-care Glucose Testing Market Key Takeaways


To diagnose and monitor diabetes, one must determine the concentration of sugar and glucose present in the blood cells. This diagnosis is always established by the blood glucose performance present in the patient’s body. The introduction of the point-to-care glucose testing resides on this principle namely to monitor diabetes and establish its diagnosis. This method basically runs on a device which has to be approved by the hospital committee of administration. This committee will have to evaluate the merits of the device and approve, before being used by the hospitals to the patients. However, with the introduction of insulin pumps, diabetes patients can now measure their glucose levels from their homes. These tests, at the point of discovery, take long periods of time just for the preliminary results, but with refined methods, now can be studied in a matter of minutes.

World Health Organizations (WHO) encourages diabetes patients to use oral glucose tolerance test and fasting plasma glucose test to ensure the health conditions of patients. Both these tests essentially help the diabetes patient to understand what type of stage they belong to, either they are a type 1 diabetic or a type 2 diabetic. The tests also show several merits in predicting the mortality and morbidity of patients. The diabetic patients, in the long run, become susceptible to cardiovascular disorders, kidney failure, blindness, and nerve damage.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing prevalence of diabetes across the world and rising demand for glucose diagnosis among patients are projected to boost the market.
  • Favorable regulations from government and administrative bodies to enhance the promotion of point-to-care glucose testing devices are expecting to drive the market growth.
  • Wide adoption of advanced technologies in monitoring devices, which are designed for self-diagnosis of glucose level of patients is projected to propel the market expansion.
  • The COVID-19 pandemic outbreak and its impact has affected the growth of the global point-to-care glucose testing market initially. However, researchers and scientists found out that the coronavirus has the viral gene of accelerating illness of the hosts, which is gradually steering the market growth.
  • Rising development of new hospitals, clinics, and healthcare laboratories to focus more on point-to-care glucose testing devices for the prevention and treatment of diseases are offering key opportunities for the market growth.

Scope of the Report

The report on the global point-of-care glucose testing market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Point-of-care Glucose Testing Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Products (Accu-Chek Inform II, StatStrip, Onetouch Verio Flex, Freestyle Lite, Accu Check Aviva Meter, True Metrix, Bayer CONTOUR Blood Glucose Monitoring System, and i-STAT)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast

Key Players Covered in the Report

Abbott Laboratories; Qiagen; F.Hoffmann-La Roche AG; Nipro; Nova Biomedical; ACON Laboratories, Inc; Trividia Health, Inc; Prodigy Diabetes Care; Bayer AG/Ascensia Diabetes Care Holdings AG; and EKF Diagnostics

 

Global Point-of-Care Glucose Testing Market Segment Insights

i-STAT segment to generate a large revenue share
On the basis of products, the global point-of-care glucose testing market is divided into Accu-Chek Inform II, StatStrip, Onetouch Verio Flex, Freestyle Lite, Accu Check Aviva Meter, True Metrix, Bayer CONTOUR Blood Glucose Monitoring System, and i-STAT. The i-STAT segment is expected to generate a large revenue share owing to its superior quality of testing combined with less time consumed per test. This product has multi-utility applications outside blood analysis. It is designed to produce perfect laboratory test results across clinics, hospitals, critical care units, emergency departments, and laboratories. However, the Accu-Chek Inform II segment is projected to exhibit a high CAGR during the forecast period owing to wide demand for the product type for various applications. This product is developed by F.Hoffmann-La Roche AG and the company announced that its research and development team have made a breakthrough development, which could reduce the cost of testing by half while keeping the same efficiency.
 

Point-of-care Glucose Testing Market By Products


North America to exhibit a robust CAGR
In terms of regions, the market is classified as North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. North America held a key share of the market share in 2018 and is expecting to exhibit a robust CAGR during the forecast period, 2021-2028. The presence of major key players in the region and early adoption of several advanced technology in the medical field are key drivers for the regional market growth. Favorable government and other administrative regulatory policies that offer benefit such as the expansion of hospitals, clinics, and other healthcare centers to develop innovate point-of-care glucose testing devices present a key factor propelling the regional market. In the US, for instance, the Clinical Laboratory Improvement Amendments or the CLIA body have made implications towards the boosting of the adaption of point-of-care tests.
 

Point-of-care Glucose Testing Market By Regions

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Point-of-care Glucose Testing Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Point-of-care Glucose Testing Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Point-of-care Glucose Testing Market - Supply Chain
  4.5. Global Point-of-care Glucose Testing Market Forecast
     4.5.1. Point-of-care Glucose Testing Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Point-of-care Glucose Testing Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Point-of-care Glucose Testing Market Absolute $ Opportunity
5. Global Point-of-care Glucose Testing Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Point-of-care Glucose Testing Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Point-of-care Glucose Testing Demand Share Forecast, 2019-2026
6. North America Point-of-care Glucose Testing Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Point-of-care Glucose Testing Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Point-of-care Glucose Testing Demand Share Forecast, 2019-2026
7. Latin America Point-of-care Glucose Testing Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Point-of-care Glucose Testing Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Point-of-care Glucose Testing Demand Share Forecast, 2019-2026
8. Europe Point-of-care Glucose Testing Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Point-of-care Glucose Testing Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Point-of-care Glucose Testing Demand Share Forecast, 2019-2026
9. Asia Pacific Point-of-care Glucose Testing Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Point-of-care Glucose Testing Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Point-of-care Glucose Testing Demand Share Forecast, 2019-2026
10. Middle East & Africa Point-of-care Glucose Testing Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Point-of-care Glucose Testing Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Point-of-care Glucose Testing Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Point-of-care Glucose Testing Market: Market Share Analysis
  11.2. Point-of-care Glucose Testing Distributors and Customers
  11.3. Point-of-care Glucose Testing Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Abbott Laboratories
     11.4.2. F. Hoffmann-La Roche AG
     11.4.3. Nipro
     11.4.4. Nova Biomedical
     11.4.5. ACON Laboratories, Inc

Segments Covered in the Report
The global point-of-care glucose testing market has been segmented in terms of

Products

  • Accu-Chek Inform II
  • StatStrip
  • Onetouch Verio Flex
  • Freestyle Lite
  • Accu Check Aviva Meter
  • True Metrix
  • Bayer CONTOUR Blood Glucose Monitoring System
  • i-STAT

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Abbott Laboratories
  • F. Hoffmann-La Roche AG
  • Nipro
  • Nova Biomedical
  • ACON Laboratories, Inc
  • Trividia Health, Inc
  • Prodigy Diabetes Care
  • Bayer AG/Ascensia Diabetes Care Holdings AG
  • EKF Diagnostics

The major players in the global point-of-care glucose testing market are Abbott Laboratories; Qiagen; F. Hoffmann-La Roche AG; Nipro; Nova Biomedical; ACON Laboratories, Inc; Trividia Health, Inc; Prodigy Diabetes Care; Bayer AG/Ascensia Diabetes Care Holdings AG; and EKF Diagnostics. Most of these players are currently engaged in strategic initiatives including mergers & acquisitions, promoting awareness, and new product development to increase their market share and market position. Platinum Equity, in October 2018, has acquired LifeScan which was an integrated business parallel to Johnson & Johnson.
 

Point-of-care Glucose Testing Market By Key Players

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