North America to Dominate the Global HbA1c Analyzers Market - Study

Published On : May 16, 2022

Persistence Market Research (PMR)’s most recent study projects that North America will dominate the Global HbA1c Analyzers Market. According to the research, the Global HbA1c Analyzers Market will exceed US$ 2,664.3 Mn by 2028, at a CAGR of 5.4%. Diabetes' rising prevalence is a major driver of HbA1c sales globally. The growing elderly population, as well as the various advantages of HbA1c analyzers, are likely to drive the growth of the HbA1c analyzers market. According to the International Diabetes Federation, around 463 million people were diagnosed with diabetes in 2019, the figure is expected to rise to 700 million by 2045. Increasing alcohol consumption, unhealthy dietary habits, less physical activity, smoking, and stress have all contributed to an increase in the prevalence of diabetes and other related diseases.

North America to Dominate Global HbA1c Analyzers Market

North America is expected to lead the global portable HbA1c analyzers market during the forecast period, due to an increase in the number of diabetic patients in countries such as the US. One of the primary macroeconomic factors driving the growth of the HbA1c analyzers market in this region is the rising per capita healthcare expenditure. Apart from that, favorable government regulations and reimbursement has increased healthcare awareness, and increased usage of HbA1c analyzers is are likely to fuel the growth of the HaAc analyzers market.

Europe, following North America, is likely to have a fairly significant revenue share in the global HbA1c analyzers market.

The Impact of COVID-19 on the Global HbA1c Analyzers Market

COVID-19 had an impact on almost every industry, and its emergence in 2020 had resulted in a significant decrease in HbA1c testing volume and sales. However, it was a temporary setback and the testing volume and sales increased in 2021 when the situation improved and the Covid-19 restrictions were removed.

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PMR has presented a comprehensive report based on HbA1c Analyzers as per Technology (High-performance Liquid Chromatography (HPLC), Ion Exchange Chromatography, Boronate Affinity Technology, and Boronate Affinity HPLC), End User (Hospitals, Specialty Clinics, Diagnostic Centers, and Others), based on seven regions.

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Persistence Market Research (PMR) makes way for advanced, systematic, and refined constellation of the research methodologies that table precise, objective, and sound data. Both – demand and supply side of data from secondary and primary sources is assimilated to give out an all-inclusive market solution for the client/company concerned. Incoherence has no place at Persistence Market Research. Everything is tracked scientifically with proprietary research to add on. As such, risks get minimized and profits maximized with this bottom-up approach.

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