
A detailed segmentation-wise analysis included in the study highlights key segments of the Glycated Haemoglobin Testing Market, and offers associated market numbers that allude at their growth potential at present as well as in the assessment period. Moving ahead, a regional study of the Glycated Haemoglobin Testing Market has been offered to give a brief idea of opportune potential of various regional markets for sales of Glycated Haemoglobin Testing .
Government expenditure on healthcare infrastructure and facilities continues on an upward spiral worldwide, in a bid to offer quality care to the increasing geriatric population and combat the rise of various communicable and non-communicable diseases. Additionally, there has been a remarkable rise in FDA approvals in the recent past. A paradigm shift is being witnessed in the pharmaceutical & healthcare industry, with leading companies putting efforts to combat key concerns, namely, intensifying competition, high cost of hiring skilled professionals, and lower reimbursements in Medicaid and Medicare.
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Notable transformations have been seen in the pharmaceutical & healthcare industry, which include the growing palpability of healthcare technology companies, increasing emphasis on reimbursements in innovative care delivery models, and the rise in virtual care. The legacy practices are undergoing drastic changes, as the focus on saving costs while improving patient outcomes continue to influence the industry dynamics.
The pharmaceutical & healthcare industry is entering a phase of turbulent growth, making its way through myriad challenges that include constantly growing drug prices, changing industry landscape influenced by rapid growth of biosimilar, confined R&D productivity, and healthcare technology disruptions.
Glycated Haemoglobin Testing Market Report Summary
This Persistence Market Research report on the Glycated Haemoglobin Testing Market gives a long-term viewpoint of the market during the forecast period. The main objective of the report is to offer readers with a broader perspective of the Glycated Haemoglobin Testing Market so as to enable them in making factual decisions for triumphant growth of their business. Incisive insights into the Glycated Haemoglobin Testing Market have been covered, along with a study of the market dynamics that have a notable impact on the market prospects.
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Key Trends
Rapid adoption of glycated hemoglobin testing as a viable alternative of blood glucose testing for diabetes management is a key factor behind growth of glycated hemoglobin testing market. So much so, according to an International Expert Committee convened by the American Diabetes Association, International Diabetes Federation, and European Association for the Study of Diabetes, HbA1c testing is reckoned to be preferred for diabetes diagnosis except for individuals with some clinical conditions.
Availability of point-of-care HbA1c testing devices is serving to boost uptake of glycated hemoglobin testing market. Regulatory approval received by some point-of-care HbA1C testing devices boosts consumer confidence for these devices.
However, on the downside, risk of flawed results of point-of-care testing is leading to dwindling demand for glycated hemoglobin testing tools. Besides this, none point-of-care HbA1c testing devices have so far not received FDA clearance for the diagnosis of type 2 diabetes.
According to guidelines from an International Expert Committee for glycated hemoglobin testing, the latter is indicated as an alternative diagnostic tool, but not superior to blood glucose testing for diabetes management. This hampers growth of glycated hemoglobin testing market.
Glycated Hemoglobin Testing Market: Regional Outlook
North America is anticipated to command leading share in the glycated hemoglobin testing market in the forthcoming years. Increasing incidence of diabetes in the U.S. and Canada due to hectic lifestyle and mindless eating habits has led to surge in demand for glucose testing. North America held leading share among all in the overall glycated hemoglobin testing market in the recent past too.
Asia Pacific excluding Japan and Europe are also anticipated to display strong demand for glycated hemoglobin testing market in the forthcoming years.
The report incorporates a scrutinized study of supply & demand patterns, pricing strategies of leading players, and supply chain of the Glycated Haemoglobin Testing Market. Historical values have been offered for the period, which have been considered as the base for deducing forecast values of the Glycated Haemoglobin Testing market. In order to make readers understand the volatility of the Glycated Haemoglobin Testing Market, impact of past and current trends on the market growth has been covered in the report.
The report concludes with a brief assessment of the Glycated Haemoglobin Testing Market’s competitive landscape, wherein key companies that have a significant contribution to the market growth are identified & profiled in detail. Analysis on recent developments, R&D activities, innovative strategies, and product portfolio, has been offered for each player profiled in the report.
What does the Glycated Haemoglobin Testing Market research hold for the readers?
- Market segmentation assessment, including qualitative and quantitative research depicting the impact of economic and non-economic factors
- Breakdown of each Glycated Haemoglobin Testing Market player as per mergers & acquisitions, R&D projects, and product launches
- Leading regions holding significant share in the global Glycated Haemoglobin Testing Market along with the key countries
- One to one company profile of prominent stakeholders
- Critical study of each Glycated Haemoglobin Testing manufacturer, such as market share, regional footprint, and product innovations
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