According to FutureWise analysis the market for hba1c testing devices in 2023 is US$ 2.8 billion, and is expected to reach US$ 6.31 billion by 2031 at a CAGR of 10.72%.
Hemoglobin A1c, commonly known as glycated haemoglobin, is haemoglobin that has been linked to glucose. The haemoglobin A1c test is a standard blood test used to diagnose and monitor diabetes, including type 1 and type 2. The results of an A1c test show an individual's average blood sugar levels over the previous two to three months. Hemoglobin (Hb) is a protein found inside red blood cells that binds to carbohydrates like glucose. Diabetes is increased when there is a lot of glucose connected (glycated) to haemoglobin molecules. The HbA1c test measures the amount of HbA1c in the bloodstream as a percentage of total haemoglobin. For diabetics, testing HbA1c levels in the blood allows for more accurate long-term monitoring of blood glucose levels. Over the forecast period, rising diabetes prevalence is expected to drive growth in the global haemoglobin A1c testing devices market. Furthermore, an ageing population, expanding healthcare infrastructure, and a high prevalence of undiagnosed diabetes in emerging nations are likely to drive market expansion throughout the forecasted period. Furthermore, the market's growth is projected to be aided by the low acceptance of haemoglobin A1c testing in emerging nations. The high prevalence of undiagnosed diabetes in emerging economies should provide profitable growth prospects for market participants.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Hba1c Testing Devices Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Hba1c Testing Devices Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.