During the forecast period of 2022 to 2032, the Fructosamine Reagents market is expected to achieve a compound annual growth rate (CAGR) of 4%.
This growth can be largely attributed to the time-saving benefits of fructosamine compared to haemoglobin in providing glucose concentration measurements, resulting in increased sales of Fructosamine Reagents.
Fructosamine is a preferred method for measuring glucose levels in diabetic patients as the longer lifespan of glycohemoglobin does not accurately reflect changes in glucose concentration. This has led to an increase in demand for Fructosamine Reagents globally.
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Moreover, the growing prevalence of diabetes in both developed and developing countries, attributed to factors such as a family history of diabetes, has also contributed to the rise in sales of Fructosamine Reagents.
Advent of Telehealth and Virtual Care to Create Tailwind for the Fructosamine Reagents Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Fructosamine Reagents market.
Key Fructosamine Reagents Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Fructosamine Reagents market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Fructosamine Reagents Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Fructosamine Reagents market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Fructosamine Reagents Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Fructosamine Reagents market. As per the survey, Fructosamine Reagents sales will project steady growth over the forecast period.
- Fructosamine Reagents Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Fructosamine Reagents market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Fructosamine Reagents Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Fructosamine Reagents market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Fructosamine Reagents market.
Some of the prominent market players are profiled by FMI are:
Randox Laboratories Ltd., Sekisui Diagnostics, Biosystems S.A., Kamiya Biomedical Co., Sentinel Diagnostics, Asahi Kasei Pharma Corporation, and others.
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Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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