Point of Care (POC) Glucose Testing

Point of Care (POC) Glucose Testing

Global Point of Care (POC) Glucose Testing Market to Reach $7.5 Billion by 2027

Amid the COVID-19 crisis, the global market for Point of Care (POC) Glucose Testing estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$7.5 Billion by 2027, growing at a CAGR of 3% over the analysis period 2020-2027. Accu-Check Inform II, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the StatStrip segment is readjusted to a revised 3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 5% CAGR

The Point of Care (POC) Glucose Testing market in the U.S. is estimated at US$1.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR.

Onetouch Verio Flex Segment to Record 2.7% CAGR

In the global Onetouch Verio Flex segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$691.4 Million in the year 2020 will reach a projected size of US$828.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$954.2 Million by the year 2027, while Latin America will expand at a 2.9% CAGR through the analysis period.

Select Competitors (Total 33 Featured) -

• Abaxis, Inc.
• Abbott Laboratories
• Accubiotech Co. Ltd.
• ACON Laboratories, Inc.
• Alere Inc.
• Ascensia Diabetes Care
• Becton
• Biolytical Laboratories
• bioMrieux SA
• Bio-Rad Laboratories, Inc.
• Danaher Corporation (HemoCue)
• Dexcom, Inc.
• Dickinson and Company
• Dragerwerk Ag & Co.
• Johnson & Johnson
• LifeScan IP Holdings, LLC
• Medtronic
• Meridian Bioscience, Inc.
• Nova Biomedical
• Orasure Technologies, Inc.
• Roche Diabetes Care
• Roche Diagnostic Corporation
• Siemens Healthineers
• Sysmex Corporation
• Trinity Biotech
• Trividia Health

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