“Global Glycated Hemoglobin Testing Market, By Product Type (Lab-based test, Point-of-Care Test), By Technique (Chromatography, Immunoassay, Enzymatic Assay, Others), By End-User (Hospitals, Diagnostic Centers, Academic and Research Institutes, Other End-Users), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Glycated Hemoglobin Testing Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $662.0 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Glycated hemoglobin testing is crucial in determining how well an individual is managing their respective diabetic condition. Testing provides information on the average blood sugar measurement over a 6 to 12-week period, and is used in conjunction with home glucose monitoring to make treatment adjustments.
The increasing prevalence of various chronic diseases, more specifically the high incidence rate of diabetes, in both developing and emerging economies across the world is a major factor that is anticipated to continue to fuel the revenue growth of the global glycated hemoglobin testing market over the next decade. Moreover, the steady adoption of sedentary and unhealthy lifestyles by individuals is another factor that is leading to the development of various disorders that may require the services of such testing solutions. This is another factor that is slated to further compliment additional opportunities for market growth in the years to come. Furthermore, the ever-growing geriatric populations of the globe is a factor that is also anticipated to contribute to the overall revenue growth of the Global Glycated Hemoglobin Testing Market. Although, the high costs associated with glycated hemoglobin testing equipment may be a factor that restrains the revenue growth of this global industry. Nonetheless, the increasing adoption of self-care glycated hemoglobin treatment solutions on account of the numerous advancements that result in better treatment outcomes is also slated to influence this industry’s future trajectory. These are some of the other elements that are expected to further augment the global market footprint of this sector, and are some of the most crucial factors anticipated to play a critical role in augmenting projected revenues for the Global Glycated Hemoglobin Testing Market to $959.20 Mn by 2029, at a CAGR of 10.0%.
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