Persistence Market Research recently published a market study that provides analytical insights related to the overall prospects of the Glycated Haemoglobin Testing Market during the forecast period 2020. The report aims to assist business players, stakeholders, and investors to improve their standing in the current market landscape and gain a competitive edge over their competitors. The presented study evaluates the major trends, opportunities, drivers, and challenges that are expected to impact the growth of the Glycated Haemoglobin Testing Market in the upcoming years.
The report reveals that the Glycated Haemoglobin Testing Market is expected to register a CAGR growth of ~XX% during the forecast period and surpass the value of ~US$XX by the end of 2020. Some of the leading factors that are expected to drive the growth of the market include, rising investments for research and development, the advent of cutting-edge technology, and favorable government policies in certain regions.
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Essential Findings of the Report:
- Most effective marketing and distribution channels adopted by market players
- Market attractiveness of various regional markets
- Trends influencing the current dynamics of the Glycated Haemoglobin Testing Market
- Growth prospects of various market segments
- Leading market players in the Glycated Haemoglobin Testing Market
The data enclosed in the report such as the Year-on-Year (Y-o-Y) market growth, supply chain analysis, value chain analysis and more will enable readers to assess the quantitative aspects of the Glycated Haemoglobin Testing Market with clarity. The presented study is a vital asset for stakeholders, investors, and market players involved in the Glycated Haemoglobin Testing Market who can leverage the information in the report to develop effective business strategies.
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Rapid adoption of glycated hemoglobin testing as a viable alternative of blood glucose testing for diabetes management is a key factor behind growth of glycated hemoglobin testing market. So much so, according to an International Expert Committee convened by the American Diabetes Association, International Diabetes Federation, and European Association for the Study of Diabetes, HbA1c testing is reckoned to be preferred for diabetes diagnosis except for individuals with some clinical conditions.
Availability of point-of-care HbA1c testing devices is serving to boost uptake of glycated hemoglobin testing market. Regulatory approval received by some point-of-care HbA1C testing devices boosts consumer confidence for these devices.
However, on the downside, risk of flawed results of point-of-care testing is leading to dwindling demand for glycated hemoglobin testing tools. Besides this, none point-of-care HbA1c testing devices have so far not received FDA clearance for the diagnosis of type 2 diabetes.
According to guidelines from an International Expert Committee for glycated hemoglobin testing, the latter is indicated as an alternative diagnostic tool, but not superior to blood glucose testing for diabetes management. This hampers growth of glycated hemoglobin testing market.
Glycated Hemoglobin Testing Market: Regional Outlook
North America is anticipated to command leading share in the glycated hemoglobin testing market in the forthcoming years. Increasing incidence of diabetes in the U.S. and Canada due to hectic lifestyle and mindless eating habits has led to surge in demand for glucose testing. North America held leading share among all in the overall glycated hemoglobin testing market in the recent past too.
Asia Pacific excluding Japan and Europe are also anticipated to display strong demand for glycated hemoglobin testing market in the forthcoming years.
The report clarifies the following doubts related to the Glycated Haemoglobin Testing Market:
- Which region offers promising growth opportunities in the Glycated Haemoglobin Testing Market during the forecast period 2020?
- How can new market players establish their presence in the Glycated Haemoglobin Testing Market?
- What is the impact of technology on the Glycated Haemoglobin Testing Market?
- What is the estimated value of the Glycated Haemoglobin Testing Market in 2019?
- What are the factors that could impede the growth of the Glycated Haemoglobin Testing Market?
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