USD 25603 million
Report ID:
SQMIG35D2225 |
Region:
Global |
Published Date: April, 2024
Pages:
213
|Tables:
94
|Figures:
71
Glucose Tolerance Test Market size was valued at USD 27110 Million in 2023 and is poised to grow from USD 28709.49 Million in 2024 to USD 44213.25 Million by 2032, growing at a CAGR of 5.9% during the forecast period (2025-2032).
The market is expanding due to rising diabetes rates, technical developments, and rising public awareness of the benefits of point-of-care glucose testing. With the growing popularity of needle-free blood glucose monitoring devices, many major players are providing patients with painless diabetes care. Recently, the Clinical & Laboratories Standard Institute, an international organization, standardized the accuracy guidelines for point-of-care glucose testing. Using the POCT device is common in the critical care unit. POC testing has become more necessary in recent years.
Also, it is anticipated that the need for glucose diagnostics would rise due to the unmet medical needs for diabetes diagnosis and management and the rise in patient awareness. The International Diabetes Federation estimates that 537 million people worldwide have diabetes in 2021; by 2030, that figure is expected to rise to 643 million, and by 2045, it is expected to reach 783 million. The need for Short Turn-Around Testing (STAT) has surged because of the healthcare industry's emphasis on improved acute care, shorter hospital stays, and the growth of outlying surgical centers. Solutions for managing glucose tests make it simple for patients and medical professionals to gather, share, and keep track of specimens to comply with legal obligations.
Global Market Size
USD 25603 million
Largest Segment
Blood glucose testing kit
Fastest Growth
Smart sensor
Growth Rate
5.9% CAGR
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The global glucose tolerance test market is segmented based on product type, disease indication type, end user and regional type. In terms of product type, the market is segmented into smart sensors, blood glucose testing kit, meters, test slips and others. Based on end user, the market is bifurcated into hospitals, home, diagnostic clinics and others. Based on disease indication, the market is bifurcated into reactive hypoglycemia, diabetes hypoglycemia, gestational diabetes, insulin resistance and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. The product segment's potential to improve patient outcomes and lessen the cost of healthcare is what will drive its future growth.
Analysis by Product
As per categorization by product, the market is classified into smart sensors, blood glucose testing kit, meters, test slips and others. Among these, blood glucose testing kit earned the largest share and continues to dominate the market. The global market for glucose tolerance tests is undergoing a revolution thanks to advancements in smart sensor technology, especially in blood glucose testing kits. These sensors improve the precision and effectiveness of glucose tolerance testing by providing real-time monitoring and data collection. These devices' IoT connection makes it possible for them to link to other devices or smartphones with ease, giving users the ability to properly control their blood sugar levels. These developments have the potential to enhance diabetes care and improve global health outcomes.
Due to the number of variables, meters, test strips, and other relevant accessories, it is expected to increase at the quickest rate in the global glucose tolerance test market. First off, the need for glucose monitoring equipment and supplies is being driven by the growing incidence of diabetes worldwide. Furthermore, technological developments have resulted in the creation of more precise and user-friendly meters and test strips, increasing their attractiveness to customers. Furthermore, the adoption of these accessories is being driven by a greater understanding of the significance of routine blood glucose monitoring for the management of diabetes, which is further propelling market expansion.
Analysis by Disease Indication
By tackling the challenges of hypoglycemia diagnosis and management, innovations in reactive hypoglycemia and diabetes hypoglycemia detection are altering the global market for glucose tolerance tests. More precise and prompt diagnosis of hypoglycemic episodes is made possible by advanced testing procedures, such as rapid-acting glucose tests and continuous glucose monitoring devices. This is especially important for those with reactive hypoglycemia or diabetes. By enabling early intervention and individualized treatment plans, these breakthroughs improve patient outcomes and stimulate market expansion.
Due to several important variables, the global glucose tolerance test market is expected to develop at the fastest rate in the categories of gestational diabetes, insulin resistance, and related disorders. First, there is a growing global demand for glucose tolerance testing during pregnancy due to variables including increased obesity rates and mother age contributing to gestational diabetes. Furthermore, the increasing awareness of the dangers of insulin resistance and its connection to metabolic diseases like polycystic ovarian syndrome (PCOS) is encouraging at-risk groups to use glucose tolerance testing, which is propelling the market's expansion.
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The North American region dominates the global market since it holds the biggest market share in the industry. The rising cost of healthcare, the rise in diabetes cases, and the acceleration of technological advancements are the causes of this. The European area holds the second-largest market share in the global market. The Eastern European and Western European regions are further divisions of this region. Western European nations include France, Germany, Spain, Italy, and the United Kingdom. The ageing population, improved research and development, and healthcare infrastructure all contribute to the market's expansion. The utilization of glucose tolerance tests is being propelled by advancements in healthcare infrastructure and heightened consciousness regarding the need for prompt diagnosis and management of diabetes.
Due to its rapid growth, the Asia-Pacific region holds the third-largest market share in the worldwide glucose tolerance test market. Due to the high population density of this region's countries, there are several growth prospects for the projected future. Another important factor is the advancements made in the healthcare industry. According to regional insights, the fastest-growing segments of the global glucose tolerance test market are developing from Latin America, the Middle East, and Africa. The rising prevalence of diabetes and associated metabolic problems in these areas is attributed to many factors, including fast urbanization, shifting food preferences, and sedentary lifestyles. As a result, this sector is seeing tremendous market growth across Latin America, the Middle East, and Africa.
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Drivers
Increasing Rate of Diabetes
Technological Progress
Restraints
Excessive Testing Costs
Restricted Access to Medical Services
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The market is extremely fragmented, with a significant number of medium-, small-, and big-sized providers. Key multinational players that are attempting to innovate and broaden their market reach are what define the competitive landscape of the global glucose tolerance test market. Prominent players in this field include Abbott Laboratories, Roche Diagnostics, Dexcom Inc., Medtronic plc, and Ascensia Diabetes Care Holdings AG. These businesses make constant investments in R&D to bring cutting-edge glucose monitoring technologies to the market and expand their product lines, which increases competition and spurs market expansion.
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SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, due to changes in lifestyle that are causing diabetes to become more commonplace globally, the need for effective diagnostic tools like glucose tolerance testing is driving the growth of the global market for glucose tolerance tests. The efficiency and accessibility of glucose tolerance tests are being improved by technological developments in glucose monitoring equipment, such as more precise meters and real-time data monitoring capabilities, which is driving market expansion. Due to the high expense of testing, especially in developing nations, the global market for glucose tolerance tests is expected to grow slowly. This could limit patient access to necessary diagnostic treatments and impede market progress.
Multinational corporations like Abbott Laboratories, Roche Diagnostics, Dexcom Inc., Medtronic plc, and Ascensia Diabetes Care Holdings AG dominate the market and drive competition through innovation, a strong market presence, and ongoing investments in research and development to expand product lines and spur market growth. The global glucose tolerance test market is fragmented, with numerous providers ranging in size from medium to large. The market is developing due to the increasing need for accurate diagnostic tools such as GTT to enable early intervention and treatment. Healthcare professionals are driving this demand by attempting to fulfil the rising need for diabetes screening and diagnosis. With wearable sensors and smartphone-based monitoring apps, this provides a holistic approach to diabetes care, enabling customized treatment programmes and improving patient convenience.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 25603 million |
Market size value in 2031 | USD 41750 million |
Growth Rate | 5.9% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Glucose Tolerance Test Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Glucose Tolerance Test Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Glucose Tolerance Test Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Glucose Tolerance Test Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2225
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