Point Of Care Glucose Testing Market Research Report: Information By Product Type (Lancing Devices and Strips and Blood-Glucose Meter), By Application (Type-1 Diabetes and Type-2 Diabetes), By End User (Hospitals and Clinics, Home Care Settings, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

The point of care glucose testing market size was valued at USD 3.2 Billion in 2022 and is projected to grow from USD 3.36 Billion in 2023 to USD 5 Billion by 2032, exhibiting a CAGR of 5.10% during the forecast period (2023 – 2032). 

Market Trends

Point-of-care glucose testing is a growing business due in large part to the increasing prevalence of diabetes. Medical professionals place a premium on diabetes control since doing so can save lives. The biggest global prevalence of diabetes has been observed in Asian countries, therefore it stands to reason that the need for point-of-care glucose testing equipment will increase there. This is a chance to improve healthcare without increasing costs to patients.

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As the healthcare industry shifts its focus to more outpatient treatment, shorter hospital stays, and enhanced acute care, the demand for fast turn-around testing (STAT) increases. POC management technologies make it easy for patients and healthcare providers to collect, distribute, and store specimens in accordance with legal requirements.

Technological progress has led to the development of handheld, lightweight, portable devices with improved and extended communication capabilities. Point-of-care glucose monitoring technology has become the gold standard for near-patient glucose monitoring in hospitals and clinics across the world. Instead of testing blood glucose with plasma, whole blood is used by point-of-care blood glucose meters. Revenue from Point-of-Care Glucose Testing is being driven by this trend.

Competitive Analysis

The key players of the market are Abbott Laboratories, Nova Biomedical Corporation, Nipro, ACON Laboratories, Inc., Trividia Health, Inc., Platinum Equity Advisors LLC, Ascensia Diabetes Care Holdings AG, Prodigy Diabetes Care LLC, F. Hoffmann-La Roche Ltd., EKF Diagnostics Holdings plc

Market Segmentation

Based on product type, the Point Of Care Glucose Testing Market segmentation includes lancing devices and strips, and blood-glucose meters.

Based on application, the Point Of Care Glucose Testing Market segmentation includes type-1 diabetes and type-2 diabetes. 

Based on End User, the Point Of Care Glucose Testing Market segmentation includes hospitals and clinics, home care settings, and others.

Regional Analysis

Market growth for point-of-care glucose monitoring devices is expected to be dominated by the North American region due to increased incidence of lifestyle diseases, a rise in product approvals, and an increase in government-led initiatives. The existence of significant players, advancements in healthcare infrastructure, and a rising preference for in-home care settings are all factors that are expected to drive market revenue development.

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Point-of-care glucose testing is second largest in Europe. Glucose monitors are starting to enter the public consciousness. In addition, the market for Point of Care Glucose Testing in Germany was the largest in Europe, while the market in the United Kingdom increased at the quickest rate.

Applications of Point of Care Glucose Testing are expected to grow at the fastest CAGR from 2023 to 2032 in the Asia-Pacific region. As a result of the increasing prevalence of diabetes in APAC countries, the rising investment in the R&D sector, and the rapid growth of medical infrastructure in the region, point-of-care glucose testing has become increasingly commonplace for both personal and professional uses.

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