The Worldwide Glucose Tolerance Test Market is expected to grow at a CAGR of 12% during the forecast period 2017-2023. Diabetes monitoring is now an important approach for diabetes care and involves various types of tests such as Hemoglobin A1C, fasting blood glucose (known as ‘Fasting Blood Sugar’ or FBS), random or casual blood glucose, glucose tolerance test, and many others. Glucose tolerance test is used to determine the glucose tolerance level of an individual and is mostly performed during pregnancy to diagnose gestational diabetes. It is also used to diagnose diabetes mellitus.
Blood glucose test strip is a small disposable plastic strip impregnated with glucose oxidase, which reacts with glucose present in the blood, indicating the glucose level in the blood. Increasing prevalence of diabetes, rising demand for glucose monitoring devices, and technological development in the field of diagnostics and treatment drive the growth of the market. Furthermore, increasing demand for home care testing services and rising geriatric population accelerate the growth of the market across the globe. However, accuracy and reliability of glucose test restrain the growth of the market.
According to the International Diabetic Federation, about 415 million people had diabetes across the globe in 2015, and this number is poised to reach 642 million by 2040.
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Glucose Tolerance Test Market Segmentation:
The global glucose tolerance test market is segmented on the basis of products, indication, and end users.
On the basis of the type, the market is segmented into glucose tolerance test liquid, blood glucose testing kit, smart sensors and, others. The blood glucose testing kit is further segmented into lancet and lancing device, meter, and test strips.
On the basis of the indication, the market is segmented into diabetes, gestational diabetes, insulin resistance, reactive hypoglycemia, and others.
On the basis of the end users, the market is segmented into hospitals & clinics, diagnostic centers, home care, and others.
Glucose Tolerance Test Market Regional Analysis:
The Americas account for the major share of the global glucose tolerance test market owing to the increasing demand for glucose monitoring devices, and accessories, and increasing use of testing devices in home care testing. Additionally, high healthcare expenditure and changing lifestyle have fuelled the growth of the America’s glucose tolerance test market. Presence of major players in this region is projected to accelerate the growth of the market during the forecasted period.
Europe is the second largest glucose tolerance test market owing to an increasing demand for diagnostics services and growing emphasis on home diagnosis, especially for the geriatric population. Strong government support and availability of the funds for research & development have driven the market growth. Germany and the U.K are the major contributors to the market growth.
Asia Pacific is the fastest growing glucose tolerance test market owing to the presence rapidly developing the economy, increasing prevalence of diabetes, lack of physical exercise, and increasing government support. China and India harbor the highest diabetic population across the globe, which further determine the market growth in Asia Pacific region. Moreover, increasing demand for new treatment methods in countries like India and South Korea is likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for diagnostic medical devices from the healthcare sectors is projected to lead the demand for advanced equipment, which, in turn, may increase the market demand for the blood glucose testing services in the region.
In the Middle East, the prevalence of diabetes has been increasing from the past few years, which is signaling steady but positive market growth. The rising prevalence is attributed to lifestyle changes, sedentary lifestyle, and obesity. Whereas in Africa, the market exhibits steady growth owing to the low prevalence of diabetes, and increasing demand for primary healthcare services.
Some of key the players in the market are Merck (U.S.), Quest Diagnostics (U.S), (Germany), Johnson & Johnson (U.S.), BAYER (Germany), Abbott (U.S.), ARUP Laboratories (U.S.), Thermo Fischer Scientific (U.S.), E-Zlab Health Services (U.S.),, Life Extension (U.S.), Laboratory Corporation of America Holdings (U.S.), Cleveland HeartLab, Inc (U.K), Penlan Healthcare Ltd, PAML (U.S.), Dorevitch Pathology (Australia), Nipro Diagnostics, Inc. (Japan), Medtronic (U.K), and Dexcom, Inc. (U.S.)
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Major TOC Glucose Tolerance Test Market:
- 1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
4. Market Dynamics
4.1 Drivers
4.2 Restrains
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
TOC Continued….
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