What is the global market size of Point-of-care Glucose Testing Market?

Point-of-care Glucose Testing Market size was valued at USD 3.17 Billion in 2021 and is poised to grow from USD 3.3 Billion in 2022 to USD 4.59 Billion by 2030, at a CAGR of 4.2% during the forecast period (2023-2030).

Point-of-care Glucose Testing Market Size, Share, Growth Analysis, By Prescription(OTC testing, and Prescription-based testing), By End-use(Hospitals, Diagnostic centers, Research laboratories, Home-care settings), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Point-of-care Glucose Testing Market?

The global point-of-care glucose testing market is a highly competitive landscape with the presence of several key players. These companies strive to maintain their market position by focusing on product innovation, strategic partnerships, and geographical expansion. Key players in the competitive landscape of the global point-of-care glucose testing market continuously strive to introduce advanced technologies, improve product efficacy, and enhance user experience. They also engage in strategic partnerships, mergers, and acquisitions to strengthen their market position and expand their geographical presence. With a focus on innovation and customer-centric approaches, these companies contribute significantly to the growth and development of the point-of-care glucose testing market. 'Abbott (US)', 'Dexcom (US)', 'Roche (Switzerland)', 'Ascensia Diabetes Care (Switzerland)', 'LifeScan (US)', 'Medtronic (US)', 'Ypsomed (Switzerland)', 'Animas (US)', 'Insulet (US)', 'Bayer (Germany)', 'Nipro (Japan)', 'Terumo (Japan)', 'Arkray (Japan)', 'Acon Laboratories (US)', 'Freestyle (US)', 'One Touch (US)', 'Accu-Chek (Germany)', 'Dario (US)', 'iHealth (China)', 'FreeStyle Libre (UK)'

Q: What is the key driver of Global Point-of-care Glucose Testing Market?

The increasing global incidence of diabetes is a major driver of the point-of-care glucose testing market. According to the International Diabetes Federation, the number of adults living with diabetes is expected to reach 700 million by 2045. This surge in diabetes cases necessitates regular glucose monitoring, leading to a higher demand for point-of-care testing devices.

Q: Which region accounted for the largest share in Point-of-care Glucose Testing Market?

North America holds the largest market share in the global point-of-care glucose testing market. This dominance can be attributed to several factors, including the high prevalence of diabetes in the region, well-established healthcare infrastructure, and favorable reimbursement policies. The presence of key market players, technological advancements, and the adoption of innovative glucose testing devices contribute to the region's leadership position. Additionally, increasing awareness among healthcare professionals and patients about the benefits of point-of-care glucose testing drives market growth in North America.

Report ID: SQMIG15E2398 | Region: Global | Published Date: March, 2024
Pages: 184 | Tables: 64 | Figures: 75

Point-of-care Glucose Testing Market News

In January 2024, Amazon declared its intention to partner with digital health firms to offer virtual care benefits to customers, especially for managing chronic conditions such as diabetes and hypertension. Omada Health, a virtual-first chronic care provider, was revealed as Amazon's inaugural partner in this initiative.
In February 2024, Trinity Biotech (TRIB) finalized a conclusive agreement to purchase the biosensor and Continuous Glucose Monitoring (CGM) assets from Waveform Technologies. This strategic acquisition, valued at $12.5 million in cash and 9 million American Depositary Shares (ADSs) of the company, alongside additional considerations, positions Trinity Biotech to innovate diabetes care and upgrade its presence in the biosensor market.
In July 2023, Avricore Health and Ascensia Diabetes Care revealed a partnership to incorporate blood glucose monitoring into point-of-care testing. The collaboration seeks to integrate the Contour Next-Gen and Contour Next One BGM systems into Avricore’s HealthTab PCOT platform.

Point-of-care Glucose Testing Market Report Snapshots

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Point-of-Care glucose testing Market size was valued at USD 3.3 billion in 2022 and is poised to grow from USD 3.44 billion in 2023 to USD 4.78 billion by 2031, at a CAGR of 4.2% during the forecast period (2024-2031).

The point-of-care glucose testing market is a highly competitive landscape with the presence of several key players. These companies strive to maintain their market position by focusing on product innovation, strategic partnerships, and geographical expansion. Key players in the competitive landscape of the point-of-care glucose testing market continuously strive to introduce advanced technologies, improve product efficacy, and enhance user experience. They also engage in strategic partnerships, mergers, and acquisitions to strengthen their market position and expand their geographical presence. With a focus on innovation and customer-centric approaches, these companies contribute significantly to the growth and development of the point-of-care glucose testing market. 'Abbott (US)', 'Dexcom (US)', 'Roche (Switzerland)', 'Ascensia Diabetes Care (Switzerland)', 'LifeScan (US)', 'Medtronic (US)', 'Ypsomed (Switzerland)', 'Animas (US)', 'Insulet (US)', 'Bayer (Germany)', 'Nipro (Japan)', 'Terumo (Japan)', 'Arkray (Japan)', 'Acon Laboratories (US)', 'Freestyle (US)', 'One Touch (US)', 'Accu-Chek (Germany)', 'Dario (US)', 'iHealth (China)', 'FreeStyle Libre (UK)'

The increasing incidence of diabetes is a major driver of the point-of-care glucose testing market. According to the International Diabetes Federation, the number of adults living with diabetes is expected to reach 700 million by 2045. This surge in diabetes cases necessitates regular glucose monitoring, leading to a higher demand for point-of-care testing devices.

Integration with Digital Health Platforms: The integration of point-of-care glucose testing devices with digital health platforms and electronic health records is a significant trend in 2022. This integration enables seamless data transfer, analysis, and real-time monitoring of glucose levels. It empowers patients to actively participate in their diabetes management and allows healthcare professionals to make informed treatment decisions based on comprehensive patient data.

North America holds the largest market share in the point-of-care glucose testing market. This dominance can be attributed to several factors, including the high prevalence of diabetes in the region, well-established healthcare infrastructure, and favorable reimbursement policies. The presence of key market players, technological advancements, and the adoption of innovative glucose testing devices contribute to the region's leadership position. Additionally, increasing awareness among healthcare professionals and patients about the benefits of point-of-care glucose testing drives market growth in North America.

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Point-of-care Glucose Testing Market Size, Share, Growth Analysis, By Prescription(OTC testing, and Prescription-based testing), By End-use(Hospitals, Diagnostic centers, Research laboratories, Home-care settings), By Region - Industry Forecast 2024-2031

Point-of-care Glucose Testing Market News

Point-of-care Glucose Testing Market Report Snapshots

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What is the market size of Point-of-care Glucose Testing Market?

Who are the key vendors in the Point-of-care Glucose Testing Market?

What is the key driver of Point-of-care Glucose Testing Market?

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Which region accounted for the largest share in Point-of-care Glucose Testing Market?

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