HbA1c Testing Market Size 2020 | Industry Analysis by Ongoing Trends and Forecas
Posted by Apeksha on June 29th, 2021
Global HbA1c Testing Market: Information by Product (Instruments (Bench-Top Device and Handheld Device) and Reagents and Kits), By Technology (Ion-Exchange High-Performance Liquid Chromatography (HPLC), Turbidimetric Inhibition Immunoassay (TINIA), Enzymatic Assay and Others), By End User (Hospitals and Clinics, Diagnostic Laboratories and Others) and by Region (Americas, Europe, Asia-Pacific and the Middle East & Africa) - Forecast till 2027
The global HbA1c testing market size will grow at a CAGR of 12.24% during the forecast period 2016 to 2025. The market for HbA1c testing is set to reach US,992.44 million by 2025. As per HbA1c testing market analysts, the global market is anticipated to witness growth owing to the factors such as the increasing occurrences push for various testing methods as well as the growing activities such as research and awareness drives. However, the market will face challenges and restraints due to slow economic growth and less spending on healthcare infrastructure during the forecast period 2016 to 2025.
The lack of investment into research and development may hinder the market growth. The market research report suggests that companies in the HbA1c testing market could be supported by the growing adoption of advanced diagnostic tools and devices as well as the strategic activities such as partnerships and agreements during the forecast period. The market is set to register growth at a high CAGR owing to these key factors.
HbA1c testing has seen tremendous growth, due to the developing healthcare infrastructure and increasing per capita disposable incomes. However, unfavorable policies and strict regulations would challenge the companies active in the market. Furthermore, companies using growth strategies to stay ahead in the global market are expected to help the market during the forecast period 2016 to 2025. As the market report suggests that the HbA1c testing market will register a CAGR of 12.24% and reach a US,992.44 million by 2025, the market report highlights key areas HbA1c testing market based companies need to focus on. The market research report projects a long term growth till 2025.
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/hba1c-testing-market-8517
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About the AuthorApeksha
Joined: April 9th, 2018
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