Scope of Market
Worldwide Coronavirus pandemic has impacted all industries, glucose tolerance test market being no exception. As the global economy heads towards major crisis, Market Research Future has published an up to date study, which meticulously studies the impact of this crisis on global tolerance test market 2020 and suggests possible measures to curtail them. In its in-depth study, reveals that the market will attain revenue worth USD 46,815.0 Million till 2023 at a significant pace of 10.4% throughout the analysis timeframe 2016 to 2023
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Glucose Tolerance Test Market—Growth Attributes
A glucose tolerance test measures the body’s cells on the parameters of ability to absorb glucose after consumption of sugar. Doctors use fasting blood sugar levels and haemoglobin A1c values to diagnose type 1 and type 2 diabetes as well as pre-diabetes. The immense usages of glucose tolerance test to diagnose diabetes are what boosting the market of glucose tolerance test market.
Growing prevalence and causes of diabetes mellitus are boosting the growth of the global glucose tolerance test market. The American Diabetes Association predicts that gestational diabetes occurs in up to 9.2 per cent of pregnancies in the United States, which caters to high usage of self-glucose tolerance test devices, thus igniting the market’s valuation. Since COVID-19 hit the world; the possibilities of diabetic patients to visit doctors have been lower than it was in the past. The patients are meant to prone to the deadly virus easily. Therefore, it is witnessed that the demand for glucose tolerance test devices is surged, which regulated the market’s growth trajectory positively.
The monitoring industry for glucose instruments is expected to expand in the short term, owing to variables such as a boost in the incidence of diabetes, a considerable surge in the diabetes vulnerable population, technological advances in the use of diabetes machines and rise in need for quicker and safer diagnosis and diabetes treatment. Similarly, the testing industry accounted for roughly 80% of the leading share of revenues in 2018. Such a trend is expected for the Coronavirus pandemic era. The elevated acceptance and expense for glucose tolerance test by patients with diabetes will swell the market development.
In the case of point, around 90 per cent of UK nurses use glucose tolerance test devices with an approximate projected annual expenditure of approximately USD 974. Besides, advances in glucose tolerance tests such as the Solo meter, have gained much popularity during the pandemic. Such innovations with the accessibility of cheap tests will increase glucose tolerance test market growth in the projection era.
On the contrary, the mounting cost of treatment and diagnosis of diabetes could slow down the expansion of the global glucose tolerance test in the analysis framework.
Glucose Tolerance Test Market Segment Review
By the segment of the product, the Glucose Tolerance Test Market has included smart sensors, blood glucose testing kit, and others. Blood glucose testing kit segment includes meters, lancet, test strips, and others. Blood glucose testing kit is a significant segment to hit USD 36,164.0 Million by the end of 2023. The broad market share of blood glucose testing kit is owing to the easy availability and use, rising prevalence of diabetes and mounting demand of home care for diabetes. As per the Centers for Disease Control and Prevention (CDC), type 2 diabetes is responsible for roughly 90% to 95% of all diagnosed cases of diabetes in adults. Additionally, 29.1 million people in the United States have diabetes, but 8.1 million of the diagnosed might be living unaware of such condition.
The segment of indication has included gestational diabetes, diabetes, insulin resistance, and reactive hypoglycemia. The diabetes segment might show the highest CAGR of 10.7% in the forecast period owing to the mounting prevalence of diabetes. As per the report published by CDC, in 2015, an estimated 1.5 million new cases of diabetes were diagnosed among people from 18 years old and older.
The segment of end-user includes hospitals, diagnostic clinics, and home.
Glucose Tolerance Test Market Regional Share
North America grabbed more than two-fifths of the world market share in 2018. The prediction era might stay governing, owing to the ascend in cancer incidence, the acceptance of the sedentary lifestyle of diabetes-causing individuals and the development of the geriatric population. Furthermore, the prominent pace of acceptance of technologically advanced appliances and the existence of advanced healthcare infrastructure are highly anticipated to give the market players novel possibilities for development in the analysis period.
Glucose Tolerance Test Market Vendors Landscape
The leading vendors are Panasonic, Abbott Laboratories, Dexcom, Inc., Sanofi, Medtronic PLC, LifeScan, Inc., F. Hoffman-La Roche Ltd, and others.
List of Tables
TABLE 1 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY PRODUCTS USD MILLION (2014-2023) 36
TABLE 2 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR BLOOD GLUCOSE TESTING KIT USD MILLION (2014-2023) 38
TABLE 3 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR SMART SENSORS USD MILLION (2014-2023) 38
TABLE 4 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY INDICATION USD MILLION (2014-2023) 39
TABLE 5 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR DIABETES USD MILLION (2014-2023) 41
TABLE 6 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR GESTATIONAL DIABETES USD MILLION (2014-2023) 41
TABLE 7 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR INSULIN RESISTANCE USD MILLION (2014-2023) 42
TABLE 8 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR REACTIVE HYPOGLYCEMIA USD MILLION (2014-2023) 42
TABLE 9 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY END USERS USD MILLION (2014-2023) 43
TABLE 10 GLOBAL GLUCOSE TOLERANCE TEST MARKET FOR DIAGNOSTIC CLINICS USD MILLION (2014-2023) 44
List of Figures
FIGURE 1 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY PRODUCT MARKET SHARE 2016 (%) 12
FIGURE 2 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY INDICATION MARKET SHARE 2016 (%) 13
FIGURE 3 RESEARCH PROCESS 16
FIGURE 4 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY PRODUCTS 2017 & 2023 37
FIGURE 5 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY INDICATION 2017 & 2023 40
FIGURE 6 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY END USERS 2017 & 2023 44
FIGURE 7 GLOBAL GLUCOSE TOLERANCE TEST MARKET BY REGIONS MARKET SHARE 2016 (%) 47
FIGURE 8 AMERICAS GLUCOSE TOLERANCE TEST MARKET BY REGIONS MARKET SHARE 2016 (%) 48
FIGURE 9 EUROPE GLUCOSE TOLERANCE TEST MARKET BY REGIONS MARKET SHARE 2016 (%) 56
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