Hemoglobin A1c Testing Devices Market to Expand at 10.3% CAGR between 2013 and 2019:

Albany - NY, Oct. 21, 2015 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR) has recently published a market study, titled "Hemoglobin A1c Testing Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019". The report states that the overall value of the global hemoglobin A1c testing devices market in 2012 was US$0.94 billion.The report projects the global market for hemoglobin A1c testing devices to develop at an impressive CAGR of 10.3% over the period from 2013 to 2019 and reach a value of US$1.86 billion by the end of the forecast period.

Browse the full Hemoglobin A1c Testing Devices Market (End-use - Laboratory and Point-of-Care Testing Devices; Technologies - Ion-Exchange HPLC, Immunoassay, Boronate Affinity Chromatography, Direct Enzymatic Assay and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/hemoglobin-a1c-testing.html

According to this report, increasing diabetic and geriatric population across the world is the key reason behind the rapid development of the global hemoglobin A1c testing devices market. The testing is well supported by the proven results it offers, which is contributing significantly to the market growth.

On the other hand, the high cost associated with the hemoglobin A1c testing devices is challenging the smooth development of this market, cites the report. However, analysts expect the emerging economies in Asia Pacific to present lucrative opportunities for market participants over the forecast period.The research report analyzes the global market for hemoglobin A1c testing devices on three fronts: application, technologies, regional markets.Based on application, laboratory testing devices and point-of-care (PoC) testing devices are the two main components in the global hemoglobin A1c testing devices market. Among these, the market for laboratory testing devices lead the global market.

In 2012, the market segment accounted for a share of around 66.2%, and analysts expect the laboratory testing devices market to maintain dominance between 2013 and 2019. However, for the same period, PoC testing devices market is poised to report a faster growth than that of the laboratory testing devices market.By technology, the global hemoglobin A1c testing devices market is segmented into boronate affinity chromatography, ion-exchange HPLC, immunoassay, direct enzymatic assay, and others such as capillary electrophoresis and micro-optical detection. In 2012, the ion-exchange HPCL market dominated the overall market. However, the boronate affinity chromatography is projected to be the highest employed technology by 2023, states the report.

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Regionally, the global hemoglobin A1c testing devices market is distributed among North America, Europe, Asia Pacific, and the Rest of the World. North America is the present market leader and is expected to retain its leading position over the forecast period, as reported in the market study.The report also analyzes the company profiles of the key players in the global hemoglobin A1c testing devices market, in order to present an analysis on the existing competitive landscape and the current market hierarchy. Sebia, Tosoh Corp., Abbott Laboratories, ARKRAY Inc., Alere Inc., Bio-Rad Laboratories Inc., Danaher Corp., Chek Diagnostics, EKF Diagnostics Holdings plc, Menarini, F. Hoffmann-La Roche Ltd., Siemens Healthcare, and Trinity Biotech are the major companies operating in this global market.

The global hemoglobin A1c testing devices market is segmented into:

By Application

  • Laboratory Testing Devices
  • Point-of-Care (POC)Testing Devices

By Technology

  • Ion-Exchange High Performance Liquid Chromatography (HPLC)
  • Immunoassay
  • Boronate Affinity Chromatography
  • Direct Enzymatic Assay
  • Others (Micro-Optical Detection Method and Capillary Electrophoresis)

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

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Source:Transparency Market Research