The following companies as key players in the global POC HbA1C testing market: Abbott, Alere, and Bio-Rad Laboratories.

 

Other Prominent Vendors in the market are: ARKRAY, Diazyme Laboratories, EKF Diagnostics, OSANG Healthcare, A. Menarini Diagnostics, PTS Diagnostics, F. Hoffmann-La Roche, Siemens, Tosoh Bioscience, and Trinity Biotech.

 

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Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing online marketing services for POC diagnosis. The rise of online marketing has helped end-users seeking for time-efficient tests in obtaining the requested products within a limited time. In 2015, about 70% of the US population used online shopping portals for purchasing various items.”

 

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According to the report, one driver in the market is increasing equipment rental agreements. Most of the instruments such as clinical chemistry analyzers, immunochemistry analyzers, and other diagnostic equipment used in the IVD market are available for rent or lease for end-users. The end-user can make payment for initial installations and consumables as per their requirement and patient volume. Leasing high-cost instruments is an effective and convenient alternative to purchasing for end-users with limited budgets. The government provides tax benefits to aid the business of manufacturers.

 

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Further, the report states that one challenge in the market is lack of skilled professionals to conduct POC diagnosis. Most POC diagnostic tests are conducted in hospitals and physicians' offices by highly skilled staff. The popularity of POC diagnostic testing is growing in developing countries. However, most medical professionals lack the adequate knowledge about this technology and its benefits and the ways of handling a patient during a POC testing. They also lack the familiarity and know-how required for routine laboratory procedures like proper patient preparation, sample collection, calibration, instrument maintenance, and quality control.

 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

 

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About global POC HbA1C testing

 

POC diagnostic tests help in reducing the time between diagnosis and treatment of a disease. These tests include enzyme-linked immunosorbent assay (ELISA), agglutination tests, and lateral flow immunochromatography. Hemoglobin (Hb) is the oxygen-carrying pigment which provides red color to the blood. The measurement of HbA1c helps in monitoring the average blood sugar level. POC testing kits for HbA1c has been introduced in the market for efficient and faster detection of diabetes and pre-diabetes.

 

Technavio’s analysts forecast the global POC HbA1C testing market to grow at a CAGR of 8.60% during the period 2017-2021.

 

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