By Type (Assays, Devices, Consumables), Disease Type (Type 1 Diabetes, Type 2 Diabetes, Gestational Diabetes), Deployment (Automated, Manual), End User (Hospitals, Clinics, Diagnostic Laboratories, Academic Institutes, Others), Distribution Channel (Direct, Indirect), Country (U.S., Canada, Mexico), Market Trends and Forecast to 2027.
Market Analysis and Insights: North America Diabetic Assays Market
North America diabetic assays market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 4.5% in the forecast period of 2020 to 2027and expected to reach USD 1,707.90 million by 2027 from USD 1,218.84 million in 2019. Growing prevalence of diabetes are the factors for the market growth.
The prevalence of diabetes is more common these days due to poor life style, low immune system, family history, high blood pressure and absence of physical activities which leads to cardiovascular diseases, nerve damage, kidney damage, eye damage, slow healing, sleep apnea, Alzheimer's disease and others health problems.
For instance World Health Organization and United Nations has projected is 116.20% rise in geriatric population around the world by 2050 from 2017 and stated that each country in world will experience increase in population aged 60 years or above which is expected to increase demand for devices, consumables and assays for diabetes testing as American Diabetes Association (ADA) recommends that all diabetic patients requires to have their lipid profile determined yearly or at least assessment might be repeated every 2 years, diabetic assays are mandatory to perform any tests due to this reason increasing geriatric population is acting as a driver for global diabetic assays market.
This diabetic assays market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Diabetic assays Market Scope and Market Size
North America diabetic assays market is segmented on the basis of type, disease type, deployment, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the market is segmented device, assays and consumables. In 2020, the assays segment is dominating and growing with the highest CAGR due to the advancement in the self-diagnostic procedure which enhances the ability to predict on time diabetes.
The advancement in assays such as quick identification of diabetes through blood samples major vendors augmented to the market growth of diabetes assays market. For instance, in October 2019, Abbott (U.S.) and Tandem Diabetes Care, Inc (U.S.) developed integrated diabetes solutions that combine one of the leading technologies which are glucose sensing, manufactured by Abbott with innovative insulin delivery systems of Tandem in the order to provide more preferences for people to be able to manage their diabetes. The self-detection and monitoring of the diabetes and awareness towards the healthy life style penetrates the growth of the diabetes assays market.
On the basis of disease type, the market is segmented into type 1 diabetes, type 2 diabetes and gestational diabetes. In 2020, type 2 diabetes segments is dominating and growing in the North America diabetic assays market as the occurrence of type 2 diabetes are more which accounts for more than 80% in American population. For instance, according to Centers for Disease Control and Prevention (CDC), in 2018, the total diabetes cases accounts around 30 million in total American population in which 90 to 95% of population due to unhealthy routine around 75% of younger population in American region is close to type 2 diabetes.
On the basis of deployment, the market is segmented into automated and manual. In 2020, automated segment is dominating and growing with the highest CAGR because of the new development of analysers and associated software which provides automated operational workflow while diagnosis procedure.
On the basis of end-user, the market is segmented into hospitals, clinics, diagnostic laboratories, academic institutes and others. In 2020, hospitals segment is dominating as well as growing in the market as the diabetes assays due to the wide availability of diagnostic procedures of diabetes in hospitals laboratories which is performed under trained professionals for analysis of blood glucose level of diabetic patient.
On the basis of distribution channel, the market is segmented into direct and indirect. In 2020, the direct segment is dominating the North America diabetic assays market and is growing with the highest CAGR as the hospitals, established diagnostic laboratories and among others prefer the product supply directly from the manufacturers as the offering through this mode are lower in cost and are at discounted prices. Further, massive supply of such product is directly maintained by the manufacturer itself and due to these reasons this segment is leading in the forecasted period.
Diabetic Assays Market Country Level Analysis
North America diabetic assays market is analysed and market size information is provided by country, by type, disease type, deployment, end user and distribution channel as referenced above.
The countries covered in the diabetic assays market report are U.S., Canada and Mexico in North America.
Country Level Analysis, By Type
North America dominates the diabetic assays market as the U.S. is leader in diabetic assays manufacturing and major leaders are generating revenue from the U.S. due to high prevalence cases of diabetes in the U.S. population requires high detection of diabetes assays for the identification and detection of diabetes diseases. For instance, in 2017, United Nation projected that 1 out of 5 diabetes patients are above 65 years old. Growing diabetes cases among geriatric population in the U.S. is leading the dominance of North America in diabetic assays market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing awareness towards the Detection of Diabetes and New Technology Penetration
Diabetic assays market also provides you with detailed market analysis for every country growth in automotive industry with diabetic assays sales, components sales, impact of technological development in assays and changes in regulatory scenarios with their support for the diabetic assays market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Diabetic Assays Market Share Analysis
Diabetic assays market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America diabetic assays market.
The major players covered in the report are Abbott, Danaher, Merck KGaA, SIEMENS HEALTHINEERS AG, Bio-Rad Laboratories, Inc., DiaSorin S.p.A., EKF Diagnostics, DRG INSTRUMENTS GMBH, PTS Diagnostics, Ortho Clinical Diagnostics, Medipan GmbH, Diagnostic Automation/Cortez Diagnostics Inc., Diazyme Laboratories, Inc., Ethos Biosciences, Inc., BioAssay Systems, Tosoh Corporation, Abnova Corporation, Monobind Inc, ORGENTEC Diagnostika GmbH, ALPCO., among other domestic and regional players. Diabetic assays market share data is available for North America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the North America diabetic assays market.
- In May 2018, Ortho Clinical Diagnostics, (U.S.) a global leader in in-vitro diagnostics, announced the launch of Ortho's VITROS Immunodiagnostic Products C-peptide Reagent Kit and Calibrators, which broadens the company's array of testing for all types of diabetes and other pancreatic disorders. The check is now commercially available in the United States and countries that accept the CE marking. This development will enhance the product portfolio of the company.
- In April 2017, PTS Diagnostics (U.S.) received the FDA 510(k) Clearance in the U.S. for Extended HDL Range Lipid Panel Test Strips which will provide measurement range of 20 to 120 mg/dL (0.52 to 3.1 mmol/L) for HDL. Through this approval, the company will be able to meet the customer demand globally.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for diabetic assays through expanded model range.
Customization Available : North America Diabetic Assays Market
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