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Surge in the Incidence of Diabetes has Propelled the Growth of the Point-of-Care Glucose Testing Market in the North America Region!

The increase in the prevalence of diabetes is one of the major factors driving the growth of point-of-care glucose testing market in the North American region. According to the National Diabetes Statistics Report for 2020, around 34.2 million, or 10.5% of the U.S. population, have diabetes. An estimated 26.8 million people – or 10.2% of the population had been diagnosed with diabetes. Moreover, as per the stats from the Public Agency from Canada, an estimated 3.6 million Canadians had diabetes, representing 9.3% of the population in 2020. Diabetes is more common in older Canadians, with approximately 28% of Canadians over the age of 65 living with the condition.

Further, the North America Point-of-Care Glucose Testing Market is expected to grow at a strong CAGR of 3% during the forecast period (2022-2028). North America held a dominant share of the market in 2021. Advances in technology have led to the development of more accurate and efficient glucose testing devices, which are easier to use and provide faster results. This has further increased the demand for these devices in North America. Apart from this, the region has the presence of several key players, such as Abbott, Nova Biomedical, and Prodigy Diabetes Care, LLC. This has increased the availability of glucose testing products, thereby contributing to the revenue generation of the regional market. In addition, higher healthcare expenditure by governments on diabetes management is one of the factors responsible for regional market growth.

For a detailed analysis of the Global Point-of-Care Glucose Testing Market browse through- https://univdatos.com/report/point-of-care-glucose-testing-market/

Based on product, the market is segmented into accu check aviva meter, onetouch verio flex, i-STAT, freestyle lite, Bayer contour blood glucose monitoring system, true metrix, accu-chek inform II, statStrip, and others. The accu-chek inform II category held a significant share of the market in 2021. The accu-chek inform II is offered by Roche and provides high-accuracy results with proven repeatability and reproducibility. Moreover, the accu-chek inform II solution brings ISO15197:2013 safety standards to bedside glucose testing and ¬helps ensure safety for patients and users. Thus, these factors are driving segmental growth.   

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By end user, the market is categorized into hospitals, home settings, and others. The home care settings is anticipated to register high CAGR during the forecast period. The home-based glucose monitoring is revolutionized by the self-monitoring of blood glucose and is the most widely used method of short-term glucose monitoring throughout the world. The self-monitoring blood glucose (SMBG) is an approach through which people with or without diabetes can measure their blood sugar levels in their homes. Based on the reading, the patient can check the effects of their treatment such as diet, insulin, exercise, and stress management.

Global Point-of-Care Glucose Testing Market Segmentation

Market Insight, by Product

·       Accu Check Aviva Meter

·       Onetouch Verio Flex

·       i-STAT

·       Freestyle Lite

·       Bayer CONTOUR Blood Glucose Monitoring System

·       True Metrix

·       Accu-Chek Inform II

·       StatStrip

·       Others

Market Insights, by End User

·       Hospitals

·       Home Settings

·       Others

Market Insight, by Region

·       North America

o   U.S.

o   Canada

o   Rest of North America

·       Europe

o  Germany

o  U.K.

o  France

o  Spain

o  Italy

o  Rest of Europe

·       APAC

o  China

o  Japan

o  India

o  Rest of APAC

·       Rest of the World

Top Company Profiles

·       F. Hoffmann-La Roche Ltd

·       Abbott

·       Bayer AG

·       Nova Medical

·       ACON Laboratories, Inc.

·       Prodigy Diabetes Care, LLC

·       Trividia Health, Inc.

·       Nipro

·       EKF Diagnostics Holdings plc

·       Platinum Equity Advisors, LLC

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