[Latest] Global Point of Care Glucose Testing Market Size/Share Worth USD 5,455.3 Million by 2033 at a 4.5% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Point of Care Glucose Testing Market size & share revenue was valued at approximately USD 3,512.8 Million in 2023 and is expected to reach USD 3,670.9 Million in 2024 and is expected to reach around USD 5,455.3 Million by 2033, at a CAGR of 4.5% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are Abbott Laboratories, F. Hoffmann-La Roche Ltd., Ascensia Diabetes Care Holdings AG, Dexcom Inc., Medtronic plc, LifeScan Inc. (A Johnson & Johnson Company), Becton Dickinson and Company, Acon Laboratories Inc., Nova Biomedical Corporation, ARKRAY Inc., Trividia Health Inc., PTS Diagnostics, Nipro Diagnostics Inc., Ypsomed Holding AG, Sanofi S.A, and others.

/EIN News/ -- Austin, TX, USA, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Point of Care Glucose Testing Market Size, Trends and Insights By Product (Accu Check Aviva Meter, Onetouch Verio Flex, i-STAT, Bayer CONTOUR Blood Glucose Monitoring System, Freestyle Lite, True Metrix, Accu-Chek Inform II, StatStrip, Others), By Technology (Glucose Oxidase Based Testing, Glucose Dehydrogenase Based Testing, Others), By Application (Type-1 Diabetes, Type-2 Diabetes), By End Users (Hospitals and Clinics, Home Care Settings, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Point-of-Care Glucose Testing Market size & share was valued at approximately USD 3,512.8 Million in 2023 and is expected to reach USD 3,670.9 Million in 2024 and is expected to reach a value of around USD 5,455.3 Million by 2033, at a compound annual growth rate (CAGR) of about 4.5% during the forecast period 2024 to 2033.”

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Point-of-Care Glucose Testing Market: Growth Factors and Dynamics

• Rising Prevalence of Diabetes: The increasing incidence of diabetes worldwide is a major driver for the point-of-care glucose testing market. As diabetes management requires regular monitoring of blood glucose levels, there is a growing demand for convenient and accessible testing solutions, driving market growth.

• Technological Advancements: Ongoing advancements in point-of-care glucose testing technologies, such as continuous glucose monitoring (CGM) systems and miniaturized glucometers, enhance accuracy, ease of use, and data accessibility. These innovations attract both healthcare professionals and patients, fostering market expansion.

• Growing Adoption of Self-Monitoring: The shift towards patient-centered care and self-management of chronic conditions, including diabetes, is driving the demand for point-of-care glucose testing devices. Patients increasingly prefer self-monitoring solutions that offer real-time data and empower them to make informed decisions about their health.

• Increasing Awareness and Screening Programs: Public health initiatives aimed at diabetes prevention, early detection, and management contribute to market growth. Awareness campaigns, screening programs, and healthcare policies promoting regular blood glucose monitoring drive the adoption of point-of-care testing devices in various healthcare settings.

• Expanding Geriatric Population: The aging population, particularly in developed regions, drives market growth as older adults are at a higher risk of developing diabetes and require frequent monitoring of blood glucose levels. The increasing geriatric population creates a sustained demand for point-of-care glucose testing devices and services.

• Shift towards Homecare Settings: The preference for home-based healthcare solutions and the COVID-19 pandemic’s impact on healthcare delivery has accelerated the adoption of point-of-care glucose testing in homecare settings. Patients value the convenience, privacy, and safety of self-monitoring devices, driving market expansion beyond traditional clinical settings.

• Integration of Digital Health Solutions: Increasing integration of point-of-care glucose testing devices with digital health platforms and mobile applications enhances data management, analysis, and remote monitoring capabilities. This integration allows healthcare providers to track patients’ glucose levels in real time, offer personalized recommendations, and intervene promptly, driving market growth and improving patient outcomes.

• Focus on Preventive Healthcare: Growing emphasis on preventive healthcare, driven by rising healthcare costs and the burden of chronic diseases, fuels the demand for point-of-care glucose testing. Early detection of abnormal glucose levels enables timely interventions, lifestyle modifications, and disease management strategies, contributing to improved population health outcomes and driving market expansion.

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Point-of-Care Glucose Testing Market: Partnership and Acquisitions

• In 2024, DexCom introduced its real-time continuous glucose monitoring (CGM) system, Dexcom ONE+, in Spain, Belgium, and Poland. The device was also launched on February 12. Dexcom plans to expand its availability to the Middle East, Africa, and additional European countries shortly.

• In 2023, Avricore Health and Ascensia Diabetes Care announced a partnership to integrate blood glucose monitoring (BGM) into point-of-care testing. The collaboration aims to incorporate Contour Next-Gen and Contour Next One BGM systems into Avricore’s HealthTab PCOT platform for enhanced healthcare solutions.

• In 2021, EKF Diagnostics launched the STAT-Site WB handheld analyzer globally, providing rapid -ketone and glucose measurements from whole blood within seconds. This reagent-free analyzer delivers quantitative results for -ketones and glucose in just 10 seconds and 5 seconds, respectively, enhancing efficiency in blood glucose management.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 3,670.9 Million
Projected Market Size in 2033	USD 5,455.3 Million
Market Size in 2023	USD 3,512.8 Million
CAGR Growth Rate	4.5% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product, Technology, Application, End Users and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Point-of-Care Glucose Testing report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
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• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
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(Please note that the sample of the Point-of-Care Glucose Testing report has been modified to include the COVID-19 impact study prior to delivery.)

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Point-of-Care Glucose Testing Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the Point-of-Care Glucose Testing Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Disruption in Healthcare Services: During the COVID-19 pandemic, healthcare systems faced significant disruptions, with resources diverted to manage the outbreak. Non-urgent medical appointments and routine screenings, including glucose testing, were postponed or canceled, leading to a temporary decline in demand for point-of-care glucose testing devices and services.

• Shift in Patient Behavior: Fear of contracting the virus and lockdown measures led to changes in patient behavior, including reluctance to visit healthcare facilities for routine check-ups and tests. This resulted in reduced utilization of point-of-care glucose testing devices, particularly in clinical settings, impacting market demand.

• Telehealth and Remote Monitoring: Increased adoption of telehealth and remote monitoring solutions facilitated the continuity of glucose monitoring during the pandemic. Healthcare providers and patients embraced virtual consultations and remote monitoring platforms, ensuring ongoing management of diabetes and driving demand for point-of-care glucose testing devices.

• Homecare Solutions: The pandemic accelerated the shift towards home-based healthcare solutions, including point-of-care glucose testing devices. Patients increasingly relied on self-monitoring devices to manage their diabetes from the comfort and safety of their homes, driving market demand and innovation in homecare glucose testing solutions.

• Resumption of Routine Healthcare Services: As healthcare systems adapted to the challenges posed by the pandemic, routine healthcare services, including glucose testing, gradually resumed. Healthcare facilities implemented safety protocols to mitigate the risk of virus transmission, restoring patient confidence and utilization of point-of-care glucose testing devices.

• Focus on Chronic Disease Management: The COVID-19 pandemic underscored the importance of chronic disease management, including diabetes, in safeguarding public health. Healthcare providers and policymakers prioritized initiatives to address chronic disease burden, driving investment in point-of-care glucose testing solutions and promoting their integration into comprehensive disease management programs.

In conclusion, the COVID-19 pandemic has had a mixed impact on the Point-of-Care Glucose Testing Market, with some challenges and opportunities arising from the pandemic.

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Key questions answered in this report:

• What is the size of the Point-of-Care Glucose Testing market and what is its expected growth rate?
• What are the primary driving factors that push the Point-of-Care Glucose Testing market forward?
• What are the Point-of-Care Glucose Testing Industry's top companies?
• What are the different categories that the Point-of-Care Glucose Testing Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Point-of-Care Glucose Testing market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Point-of-Care Glucose Testing Market – Regional Analysis

The Point-of-Care Glucose Testing Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

• North America: North America sees a trend towards increased adoption of advanced point-of-care glucose testing technologies, such as continuous glucose monitoring (CGM) systems, driven by a strong emphasis on patient-centered care and healthcare innovation. Additionally, there is a growing focus on integration with electronic health records (EHR) systems and telemedicine platforms to enhance data accessibility and remote patient monitoring capabilities, aligning with the region’s healthcare digitization efforts.

• Europe: In Europe, the trend towards sustainability and environmental responsibility influences the point-of-care glucose testing market. There is a growing demand for eco-friendly and recyclable materials in device manufacturing, driven by stringent regulatory standards and consumer preferences for sustainable healthcare solutions. Additionally, there is an increasing emphasis on interoperability and data sharing among healthcare providers to facilitate seamless patient care coordination across borders.

• Asia-Pacific: The Asia-Pacific region experiences a trend towards greater accessibility and affordability of point-of-care glucose testing devices, particularly in emerging economies. Manufacturers are focusing on developing cost-effective and user-friendly devices tailored to the needs of diverse patient populations. Additionally, there is a growing trend towards telehealth and mHealth solutions, leveraging mobile technologies to extend healthcare services to remote and underserved areas, driving market expansion.

• LAMEA (Latin America, Middle East, and Africa): In LAMEA, the trend towards market expansion is driven by initiatives to strengthen healthcare infrastructure and improve access to healthcare services. Governments and healthcare organizations are investing in point-of-care testing programs to address the burden of chronic diseases, including diabetes, in the region. There is also a growing trend towards public-private partnerships and collaborations to overcome resource constraints and enhance healthcare delivery capabilities.

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Browse the full “Point-of-Care Glucose Testing Market Size, Trends and Insights By Product (Accu Check Aviva Meter, Onetouch Verio Flex, i-STAT, Bayer CONTOUR Blood Glucose Monitoring System, Freestyle Lite, True Metrix, Accu-Chek Inform II, StatStrip, Others), By Technology (Glucose Oxidase Based Testing, Glucose Dehydrogenase Based Testing, Others), By Application (Type-1 Diabetes, Type-2 Diabetes), By End Users (Hospitals and Clinics, Home Care Settings, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” Report at https://www.custommarketinsights.com/report/point-of-care-glucose-testing-market/

List of the prominent players in the Point-of-Care Glucose Testing Market:

• Abbott Laboratories
• Hoffmann-La Roche Ltd.
• Ascensia Diabetes Care Holdings AG
• Dexcom Inc.
• Medtronic plc
• LifeScan Inc. (A Johnson & Johnson Company)
• Becton Dickinson and Company
• Acon Laboratories Inc.
• Nova Biomedical Corporation
• ARKRAY Inc.
• Trividia Health Inc.
• PTS Diagnostics
• Nipro Diagnostics Inc.
• Ypsomed Holding AG
• Sanofi S.A.
• Others

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The Point-of-Care Glucose Testing Market is segmented as follows:

By Product

• Accu Check Aviva Meter
• Onetouch Verio Flex
• i-STAT
• Bayer CONTOUR Blood Glucose Monitoring System
• Freestyle Lite
• True Metrix
• Accu-Chek Inform II
• StatStrip
• Others

By Technology

• Glucose Oxidase Based Testing
• Glucose Dehydrogenase Based Testing
• Others

By Application

• Type-1 Diabetes
• Type-2 Diabetes

By End Users

• Hospitals and Clinics
• Home Care Settings
• Others

Click Here to Get a Free Sample Report of the Global Point-of-Care Glucose Testing Market @ https://www.custommarketinsights.com/report/point-of-care-glucose-testing-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Point-of-Care Glucose Testing Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Point-of-Care Glucose Testing Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Point-of-Care Glucose Testing Market? What Was the Capacity, Production Value, Cost and PROFIT of the Point-of-Care Glucose Testing Market?
• What Is the Current Market Status of the Point-of-Care Glucose Testing Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Point-of-Care Glucose Testing Market by Considering Applications and Types?
• What Are Projections of the Global Point-of-Care Glucose Testing Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Point-of-Care Glucose Testing Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Point-of-Care Glucose Testing Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Point-of-Care Glucose Testing Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Point-of-Care Glucose Testing Industry?

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Reasons to Purchase Point-of-Care Glucose Testing Market Report

• Point-of-Care Glucose Testing Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Point-of-Care Glucose Testing Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Point-of-Care Glucose Testing Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Point-of-Care Glucose Testing Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Point-of-Care Glucose Testing market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Point-of-Care Glucose Testing market analysis.

• The competitive environment of current and potential participants in the Point-of-Care Glucose Testing market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Point-of-Care Glucose Testing market should find this report useful. The research will be useful to all market participants in the Point-of-Care Glucose Testing industry.

• Managers in the Point-of-Care Glucose Testing sector are interested in publishing up-to-date and projected data about the worldwide Point-of-Care Glucose Testing market.

• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Point-of-Care Glucose Testing products' market trends.

• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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