Global Point of Care Glucose Testing Market Size To Exceed USD 5.34 Billion by 2035 |CAGR of 4.02%
Category: HealthcareGlobal Point of Care Glucose Testing Market to Exceed USD 5.34 Billion by 2035
According to a research report published by Spherical Insights & Consulting, the Global Point of Care Glucose Testing Market is expected to grow from USD 3.46 billion in 2024 to USD 5.34 billion by 2035, at a CAGR of 4.02% during the forecast period 2025-2035.
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Browse key industry insights spread across 210 pages with 140 Market data tables and figures & charts from the report on the Global Point of Care Glucose Testing Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Lancing Devices, Test Strips, Blood-Glucose Meter), By End-use (Hospital, Clinics, Home Care Settings, Diagnostic Centers), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/point-of-care-glucose-testing-market
The point of care glucose testing market refers to the industry emphasizing the production and distribution of devices and systems used for measuring blood glucose levels, providing quick, near-patient results for timely treatment decisions for diabetic patients. The point-of-care testing provides analytical information that can be used to make decisions at the patient’s bedside, as opposed to laboratory tests that must be run at a central laboratory. PoC glucose testing solutions are increasingly adopted, with the increasing awareness about diabetes management, increased prevalence, poor health access, and scarcity of healthcare professionals. The trend towards seamless data sharing, real-time monitoring, and improved disease management due to the integration of glucose testing devices with digital health platforms and emphasis on remote patient monitoring is bolstering the market growth opportunities. The growing prevalence of diabetes, as well as technological advancements in point of care glucose testing, are driving the market growth for point of care glucose testing. On the contrary, the high cost of the devices, as well as complex & time-consuming regulatory policies, are challenging the market.
The test strips segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product type, the point of care glucose testing market is divided into lancing devices, test strips, and blood-glucose meter. Among these, the test strips segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Test strips typically contain an enzyme that reacts with glucose and produces a color change. An increased accuracy and precision offered by test strips in glucose measurement for effective diabetes management are driving the market growth.
The home care settings segment accounted for a significant share of the point of care glucose testing market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-use, the point of care glucose testing market is divided into hospital, clinics, home care settings, and diagnostic centers. Among these, the home care settings segment accounted for a significant share of the point of care glucose testing market in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. An increasing number of diabetes patients, who check their diabetes to observe the effect of meals at home, is contributing to driving the market in the home care settings segment.
North America is expected to hold the majority share of the global point-of-care glucose testing market during the forecast period.
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North America is expected to hold the majority share of the global point of care glucose testing market during the forecast period. The adoption of portable glucose testing devices in the healthcare sector, with upsuging emphasis on providing preventive care, is escalating the point of care glucose testing market. Further, the availability of glucose testing products as well as increasing government healthcare expenditure for diabetes management, is propelling the market.
Asia Pacific is anticipated to grow at the fastest pace in the global point of care glucose testing market during the forecast period. The region’s quick medical facility expansion, along with an expanding application of point of care glucose testing for personal and professional purposes, is driving the regional market. An upsurging demand for rapid and accurate diagnostic results, with an increasing awareness about early disease detection contributing to propel the market demand.
Europe is anticipated to grow at a substantial rate in the point of care glucose testing market during the predicted timeframe. The remote monitoring solution for efficient healthcare management is significantly contributing to driving the market growth for point of care glucose testing. Raising awareness about the PoC glucose testing by the government institutes and organizations aids in propelling the market.
Major vendors in the global point of care glucose testing market are F. Hoffmann-La Roche Ltd., Abbott, Nipro, PlatInium Equity Advisors, LLC (Lifescan, Inc.), Nova Biomedical, ACON Laboratories, Trividia Health, Inc., Prodigy Diabetes Care, LLC, Bayer AG/Ascensia Diabetes Care Holdings AG, EKF Diagnostics, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In January 2022, Roche announced the launch of the cobas pulse system in select countries accepting the CE Mark. The cobas pulse system marks Roche Diagnostics' newest generation of connected point-of-care solutions for professional blood glucose management.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the point of care glucose testing market based on the below-mentioned segments:
Global Point of Care Glucose Testing Market, By Product Type
- Lancing Devices
- Test Strips
- Blood-Glucose Meter
Global Point of Care Glucose Testing Market, By End-use
- Hospital
- Clinics
- Home Care Settings
- Diagnostic Centers
Global Point of Care Glucose Testing Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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