The Global Network Point-of-Care Glucose Testing Market size is expected to reach USD 2,282.04 million by 2032, according to a new study by Polaris Market Research. The report “Network Point-of-Care Glucose Testing Market Share, Size, Trends, Industry Analysis Report, By Product (Accu-Chek Inform II, StatStrip, HemoCue, BAROzen H Expert Plus, i-STAT, CareSens Expert Plus); By Region; Segment Forecast, 2022 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The Network point-of-care (POC) glucose testing refers to using POC devices to measure blood glucose levels at the point of care rather than sending samples to a central laboratory for analysis. These devices are designed to provide fast and accurate results, making them an essential tool for diabetes management.
The network POC glucose testing market is driven by the increasing prevalence of diabetes and the growing demand for decentralized testing. Diabetes is a chronic disease that affects millions of people worldwide and requires regular monitoring of blood glucose levels. The availability of POC glucose testing devices has made it easier for patients to monitor their blood glucose levels at home or in other non-hospital settings. This has improved patient outcomes, as patients can manage their diabetes more effectively with timely and accurate data.
Decentralized testing is another important driver of the network POC glucose testing market. Decentralized testing allows healthcare providers to perform tests at the point of care rather than sending samples to a central laboratory for analysis. This can lead to faster diagnosis and treatment and can help reduce the burden on major laboratory services.
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In recent years, there has been a trend towards developing more advanced POC glucose testing devices, such as continuous glucose monitoring systems and non-invasive glucose monitoring devices. These devices offer greater convenience and accuracy and are expected to drive further growth in the network POC glucose testing market.
In conclusion, the network POC glucose testing market is an important and growing segment of the medical device industry. With the increasing prevalence of diabetes and the growing demand for decentralized testing, the market is expected to experience significant growth in the coming years. Medical device companies offering innovative and cost-effective solutions will be well-positioned to capitalize on this growing market.
Global Network Point-of-Care Glucose Testing Market Report Highlights
Polaris Market Research has segmented the Global Network Point-of-Care Glucose Testing Market report based on Product, and region:
Global Network Point-of-Care Glucose Testing Market, Product Outlook (Revenue, USD Million, 2019-2032)
Global Network Point-of-Care Glucose Testing Market, Regional Outlook (Revenue - USD Million, 2019-2032)
Report Attributes |
Details |
Market size value in 2023 |
USD 1,632.77 million |
Revenue forecast in 2032 |
USD 2,282.04 million |
CAGR |
3.8% from 2023 - 2032 |
Base year |
2022 |
Historical data |
2019 - 2021 |
Forecast period |
2023 - 2032 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2023 to 2032 |
Segments covered |
By Test, By Application, By Type, By End-user, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Key companies |
F. Hoffmann-La Roche Ltd., Bayer AG/Ascensia Diabetes Care Holdings AG, Nova Biomedical, Abbott, LLC (Lifescan, Inc.), and Danaher. |
For Specific Research Requirements |