announced the release of the Cobas pulse system to manage blood glucose solutions. Key Developments in the Point-of-Care Glucose Testing Market Key players are focusing on multiple growth strategies, such as new product launches, expansions, collaborations, partnerships, and acquisitions.īayer AG/Ascensia Diabetes Care Holdings AG The market is highly fragmented, with the presence of many large-, small-, and medium-scale vendors. POC glucose diagnostics is projected to grow more commonly in ORs, emergency rooms, Critical Care Units, diagnostic labs, and hospitals because of their speedy and accurate results. An increase in the deployment of smaller variants and the hesitation or avoidance of hospital and clinic appointments is boosting the demand. Increased government spending on healthcare, especially on diabetes, is one of the factors driving the regional market growth.Ĭonstantly expanding healthcare infrastructure and an elevated risk of diabetes are projected to drive the market in the Asia Pacific. Several initiatives by the government and not-for-profit organizations to increase awareness about the adoption of advanced glucose meters are driving growth in North America. Prominent key players such as Abbott, Nova Medical, and Prodigy Diabetes Care, LLC are aiding the regional market growth. North America is expected to dominate the market. Point-of-Care Glucose Testing Market- Regional Analysis Patients can share their glucose data with healthcare providers for remote consultations and treatment adjustments. The growth of telemedicine and remote monitoring services has created opportunities for POC glucose testing. The integration of glucose testing into point-of-care settings, such as doctor's offices, clinics, and pharmacies, allows for rapid results and immediate treatment adjustments, improving patient care. Ongoing advancements in POC glucose testing technologies are making testing more accurate, convenient, and efficient. Point-of-Care Glucose Testing Market: Key Trends and Opportunistic Frontiers As a result, there is an opportunity to save money on healthcare while improving the quality of care.Īs of 2022, the point-of-care glucose testing market was valued at US$ 3.8 billion.īased on product type, the Accu-Check Inform II segment is expected to consistently account for a high share over the forecast period.īased on End-user, The home care settings segment dominated the global market. Growing diabetes awareness, limited healthcare facilities, and a number of healthcare professionals in Asian nations will drive the point-of-care glucose testing systems market. Patients can easily monitor their glucose levels at home or in other non-laboratory settings. POC glucose testing offers the convenience of obtaining rapid glucose readings without the need for a laboratory or hospital visit. As there is a rise in needle-free blood glucose monitoring devices, several key players are offering painless diabetes care to patients. The increasing number of diabetes patients, technological advancements, and increased awareness about the usage of point-of-care glucose testing are contributing to the market's growth. The key drivers that will impact the market include the surge in the geriatric population, the instant and timely results that point-of-care (POC) screening can provide, and the increased usage of Electronic Medical Records (EMRs). As of 2023, the market for point-of-care glucose testing is expected to close at US$4.0 billion. As per the report published by TMR, a valuation of US$ 5.8 billion is anticipated for the market in 2032. The global point-of-care glucose testing market is projected to flourish at a CAGR of 4.3% from 2022 to 2032. 24, 2023 (GLOBE NEWSWIRE) - Transparency Market Research Inc. Wilmington, Delaware, United States, Oct. The increasing demand for remote patient monitoring systems and the need for data-based patient results drive the network point-of-glucose testing market.
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