The research report presents a comprehensive assessment of the Blood Testing Devices Market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry
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Global Blood Testing Devices Market Insights, Forecast to 2025: Segmentation
Blood glucose testing devices market is segmented based on following segments as:
Based on the end-users Blood testing devices market is segmented as:
- Home care
- Hospitals and clinics
- Diagnostic center
- Research center
- Laboratories
Based on the Distribution site user Blood testing devices market is segmented as:
- Retail pharmacy
- Drug stores
- E-commerce
- Hospital
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Based on the product Blood testing devices market is segmented as:
- Recombinant factors
- Immunoglobulin
- Albumin
- Other plasma products
Global Blood Testing Devices Market Insights, Forecast to 2025: Overview
The explosive growth of diseases especially diabetes has made blood testing an indispensable procedure which was hitherto unknown to many homes. According to World Health Organization (WHO) estimates, India alone has a whopping 69.2 million diabetics in 2016, with Type 2 diabetes accounting for about 90% of the patients. India alone accounts for 49 percent of the world’s diabetes burden, resulting it to be known as the diabetic capital of the world. Thus, there seems to be no dearth to the blood testing devices market. Blood testing devices validate the complete blood testing for cancer monitoring. Using blood testing devices Patient itself can perform blood diagnosis and place a drop of blood on testing strip in devices and analyzes.
Blood testing devices provides reading about neutrophils, lymphocyte, platelets, morphology and cell activation and patient can view diagnosis results in a seconds. For the manufacturers, technological gains and product development represent the best strategies so as to dominate the market. The demand for minimal invasive tests and diagnostics have led companies to develop other body fluids such as tears, saliva, urine and others to measure glucose levels. Technology has been increasingly harnessed to develop other physical testing methodologies over the traditional chemical ones. For example, LighTouch Medical is developing laser-based device using occlusion spectroscopy for measuring blood glucose.
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Global Blood Testing Devices Market Insights, Forecast to 2025: Regional Outlook
On the basis of geographical region, Global Blood Testing Devices Market is segmented into several key regions viz. North America, Latin America, Western Europe, Eastern Europe, and Asia Pacific excluding Japan, Japan, and Middle East & Africa. The incidence of diabetes is higher in regions such as Asia Pacific, North America and Western Europe. Demand for blood testing devices also correlated well with the growing income and healthcare expenditure of the world .
North America expected to register the fastest growth in the global blood testing devices, due to large patient pool and awareness of advanced technology and high demand of diabetes, cholesterol, fever, flue and many more care products. Due to lifestyle, prevalence of obesity is very high and other environmental factor escalates diabetic and cholesterol population. Major factor such as price analysis, supply chain analysis, political, social and technical also provide forecast number of market. Europe and Asia pacific region are also foresees to market moderate rate.
Global Blood Testing Devices Market Insights, Forecast to 2025: Key Players
Blood testing devices which would exceed industry standards are being developed, and manufactured by key industry leaders. Connected devices and the internet of things are new advances which are expected to drive the future market. Manufacturers are developing connected apps with personalized blood testing to bring new avenues to customers. The major key players in the global blood testing monitoring system are Roche, Abbott laboratories, Biomerica Inc., Siemens Healthineers, Becton Dickinson & Company, Trividia Healthcare, Arkay.inc, B. Braun Melsungen AG, Bayer Healthcare AG, Becton Dickinson, F. Hoffmann-La Roche, Life Scan, Novel Biomedical Corporation, Terumo Europe N.V and many more.
The market analyzes the consumption patterns of each end use segment with the help of extensive primary and secondary research. Further, the impacts of all the end uses on the market growth has been examined in the report.
The report answers important questions which include:
Why is player leading the in region?
Which factors pose a negative impact on the growth?
What was the value registered in 2018?
What challenges do the players face during R&D stages?
Which countries contribute a significant share to the total revenue in region?
Key findings of the market report:
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