The Global Network Point of Care Glucose Testing Industry is on track for a promising future, according to a recent analysis by Future Market Insights (FMI). The market is projected to experience a significant upswing, rising from US$1.6 billion in 2021 to an estimated US$2.5 billion by 2032. This translates to a steady Compound Annual Growth Rate (CAGR) throughout the forecast period.
Accu-Chek Inform II has become a key component in this industry’s performance, growing at a consistent 4.5% compound annual growth rate (CAGR) between 2017 and 2021. The system’s advanced automated real-time wireless capabilities, which allow for the accurate and smooth transfer of patient data between laboratories and healthcare providers, are largely responsible for its popularity.
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US to Dominate Network Point-Of-Care Glucose Testing Market throughout the Analysis Period
In 2021, the United States generated the most revenue in the network point-of-care glucose testing market. In the United States, revenue from network point-of-glucose testing increased at a 4.6% CAGR from 2017 to 2021. The high prevalence of diabetes in the geriatric population, combined with increased awareness of glucose testing, is driving the network point-of-care glucose testing market in the United States. Furthermore, with key companies taking the lead in raising awareness about POC glucose monitoring, the market is expected to grow by US$ 735 million by 2032.
Global Network Point of Care Glucose Testing Industry: Competition Insights
Companies engaged in network point-of-care glucose testing are solely concerned with raising diabetes awareness and developing advanced point-of-care glucose testing devices. F. Hoffmann-La Roche and others are key players in the network point-of-care glucose testing market. The company Hoffmann-La Roche Ltd. Danaher, Abbott, Nipro, Platinum Equity Advisors, LLC (Lifescan, Inc.), Nova Biomedical, ACON Laboratories, Trividia Health, Inc., Prodigy Diabetes Care, LLC, Bayer AG/Ascensia Diabetes Care Holdings AG, EKF Diagnostics, and others are among the companies that have participated.
Some of the recent developments by key providers of Network Point-of-Care Glucose Testing are as follows:
- Roche announced the release of the Cobas pulse system in January 2022 to manage blood glucose solutions. It is intended to be the first diagnostic tool available at the point of care, as well as a means for users to communicate with developers of digital health software and applications. As a result, clinical insights will become easier to obtain, and patient care will improve.
- EKF Diagnostics introduced the STAT-Site WB handheld analyzer in October 2021. It is primarily used for determining -ketone and glucose levels in whole blood in seconds. It sends results in 10 seconds for -ketones and 5 seconds for glucose using two different test strips.
- EKF Diagnostics will collaborate with Tosoh Europe N.V. in May 2020. for the Middle East and Africa distribution of a Quo-Test HbA1c point-of-care (POC) analyzer The collaboration’s goal is to meet the needs of those who are more likely to develop diabetes.
- ACON laboratories released an On Call Express Voice in the US market in September 2019. This feature complements ACON laboratories’ family of blood glucose meters. It includes navigation and an audio feature to help the user get the most out of the audible blood glucose meter.
Key Segments Covered in Global Network Point of Care Glucose Testing Industry Survey
Global Network Point of Care Glucose Testing Industry by Product Type:
- i-STAT
- Accu-Chek Inform II
- Stat Strip
- Hemo Cue
- Care Sens Expert Plus
- BARO-zen H Expert Plus
Global Network Point of Care Glucose Testing Industry by Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Network Point of Care Glucose Testing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights based on Product Type (i-STAT, Accu-Chek Inform II, Stat Strip, Hemo Cue, Care Sens Expert Plus, BARO-zen H Expert Plus), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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