Point-of-Care Glucose Testing Market Analysis,
Point-of-Care Glucose Testing Market Growth & Trends
Size, Growth, Share, Trend, Outlook & Forecast 2022 2030
The global point of care glucose testing market size is expected to reach USD 4.5 billion by 2030, growing at a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. An increase in the demand for Point of Care Testing (POCT) has been witnessed in recent years. As compared to the conventional laboratory testing performed in central lab settings, glucose POCT aids in performing effective diagnosis at the patient’s bedside. The easy and convenient operation of POCT has largely favored the growing usage of glucose meters across medical settings. The demand for performing bedside monitoring of blood sugar levels efficiently in a capillary blood sample and the need to ensure better management of carbohydrate metabolism have propelled the companies to launch innovative glucose meters in the market.
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Various companies are investing in the development of needle less devices to offer painless management of diabetes. For instance, GlucoTrack, a product manufactured by Integrity Applications (Israel), performs quantification using electromagnetic, ultrasonic, and thermal waves in combination. Eversense, painless glucose monitoring subcutaneous implant by Senseonics, quantifies glucose levels in interstitial fluid when placed beneath the skin. This is followed by data transmission to show the results in real time. The latest no code monitoring systems help in minimizing the errors that occur due to incorrect entry of strip codes. Whereas, others are incorporating noble metals, such as silver, gold, and platinum, which effectively reduce the electrical noise further improving accuracy.
Others
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TrueMetrix
FreestyleLite
Accu Chek Inform II accounted for the largest revenue share in 2021 and is anticipated to maintain this trend throughout the forecast period
PoC Glucose Testing End Use Outlook (Revenue, USD Million, 2018 2030)
AccuCheckAvivaMeter
i STAT
Asia Pacific is estimated to register the fastest CAGR owing to the ever increasing prevalence of diabetes and numerous untapped growth opportunities in diagnostics Moreover, a robust network of local manufacturers has significantly contributed to the revenue generated in this region
Bayer Contour blood glucose monitoring system is set to grow at a CAGR of 6.1% from 2022 to 2030
North America is the leading regional market due to the higher penetration of novel diagnostic techniques
StatStrip
Accu-ChekInformII
PoC Glucose Testing Product Outlook (Revenue, USD Million, 2018 2030)
Diagnosticcenter
GrandViewResearchhassegmentedtheglobalpoint of careglucosetestingmarket basedonproduct,enduseandregion:
Point-of-Care Glucose Testing Market Segmentation
Homesetting
OnetouchVerioFlex
BayerCONTOURBloodGlucoseMonitoringSystem
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Point of Care Glucose Testing Market Report Highlights
Hospital
andAfrica o South
LatinAmerica East Africa
o Japan o China o India o Australia o Thailand o SouthKorea
o SaudiArabia o UAE
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o Canada Europe o U.K. o Germany o France o Italy o Spain o Russia Asia
o
PoC Glucose Testing Regional Outlook (Revenue, USD Million, 2018 2030)
o Brazil o Mexico o Argentina o Colombia Middle
NorthAmerica U.S. Pacific
PlatIniumEquityAdvisors,LLC(Lifescan,Inc.)
NovaBiomedical ACONLaboratories
TrividiaHealth,Inc.
F.Hoffmann LaRocheLtd. Abbott Nipro
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A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
The report provides a holistic view of the competitive scenario Point of Care Glucose Testing Market.
The data analysis in the report will help you understand the Point of Care Glucose Testing Market dynamics projected from 2022 2030.
The latest information on how the market is evolving to formulate their sales and marketing strategies. This Market report has been created to provide its readers with up to date information and analysis to uncover emerging opportunities for growth.
ProdigyDiabetesCare,LLC
The latest product launches, along with technological changes and developments, are included in the report.
EKFDiagnostics
The market report covers the key challenges, competitive landscape, and demographic analysis that can help companies get insight into the country specific variations.
Highlights Points of the Market:
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BayerAG/AscensiaDiabetesCareHoldingsAG
List of Key Players of Point of Care Glucose Testing Market
The analysts also emphasize on the key trends and the future opportunities that can be explored in the region than can help companies in revenue expansion.
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