The glycated albumin assay market is anticipated to reach US$ 223.9 million in 2024. The glycated albumin assay market is expected to expand at a CAGR of 8.4% from 2024 to 2034. The global glycated albumin assay market size is predicted to reach US$ 504 million by 2034.
| Attributes | Key Insights |
|---|---|
| Estimated Market Size in 2024 | US$ 223.9 million |
| Projected Market Value in 2034 | US$ 504 million |
| Value-based CAGR from 2024 to 2034 | 8.4% |
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Glycated albumin assays are projected to increase at a CAGR of 10.6% from 2019 to 2023. The demand for eco-friendly products and services can increase as awareness of environmental issues and sustainability grows. Introducing new and improved products or services can drive market growth through innovation, research, and development investments.
Testing for various health parameters at the point of care is becoming increasingly popular. Increasing accessibility and speed of glycated albumin assays may facilitate quick monitoring of patients in various healthcare settings in the future.
Digital transformation is transforming industries and bringing new markets and business models. Digital technologies such as AI, data analytics, and IoT can help companies stay ahead of the competition. It is forecast that between 2024 and 2034, the market is expected to increase at a steady rate of 8.4%.
| Historical CAGR from 2019 to 2023 | 10.6% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 8.4% |
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According to the table provided, South Korea is the largest revenue generator in the market. The global glycated albumin assay market is predicted to grow in response to a growing interest in medical technology and innovation.
A revolution in medical care could be brought about by advancements in mRNA-based therapies. As a result of these therapies, a wide range of diseases can be treated, including cancer and heart disease vaccines.
| Countries | Forecast CAGRs from 2024 to 2034 |
|---|---|
| The United States | 8.7% |
| China | 9% |
| Japan | 6.8% |
| South Korea | 9.8% |
| The United Kingdom | 9.5% |
In the United States, glycated albumin assays are expected to be in high demand. The market is expected to expand at a CAGR of 8.7% during the forecast period.
The United States is seeing an increase in personalized medicine, emphasizing adapting therapies to particular patient needs. Diabetes care can be improved with more individualized treatment programs and improved management of glycated albumin levels based on glycated albumin assays.
Glycated albumin assay market growth is attributed to the growing prevalence of diabetes in China. A growth rate of 9% is anticipated between 2024 and 2034. The market is expected to reach US$ 78.5 million by 2034. As the number of diabetics continues to rise, there is an increasing need for clinical diagnostic tests that can provide accurate and reliable results to monitor glycemic control as it continues to rise.
Lifestyle changes, urbanization, and an aging population are contributing to an increase in diabetes prevalence in China. As diabetic populations grow, glycated albumin assays become increasingly important to monitor and manage their disease.
With technological advances, Japan is expected to dominate the market. A 6.8% CAGR is forecast for the market during the forecast period. This market is expected to generate a total of US$ 41.9 million by 2034.
Healthcare and biotechnology research and development (R&D) have been strong areas of focus in Japan. Research and development investments in the diagnostic industry drive innovation, including in glycated albumin assays, which have become more accurate, efficient, and widely available in Japan.
Healthcare spending in South Korea has increased to improve quality and accessibility. With more people concentrating on preventing and managing chronic diseases, the demand for glycated albumin assays in South Korea is high. The market is anticipated to reach US$ 29.8 million by 2034. The market is expected to expand at a 9.8% CAGR during the forecast period.
Medical technology and innovation in South Korea have received much attention during the past few decades. Medical providers and patients in South Korea are increasingly adopting glycated albumin assays, which are becoming more accurate, reliable, and accessible due to technological advances.
A CAGR of 9.5% is projected for the United Kingdom between 2024 and 2034. Healthcare in the United Kingdom is facing resource constraints and an increasing demand for services. Healthcare providers can optimize resources and improve patient outcomes by using glycated albumin assays for diabetic monitoring.
The United Kingdom has adopted national programs to improve diabetes care and prevent complications associated with the disease. Glycated albumin tests play an important part in these strategies because they provide healthcare practitioners with relevant data to improve diabetes management and lessen the burden on the healthcare system.
This section illustrates the market's leading segment. Based on the application, the type 2 diabetes segment is expected to expand at a CAGR of 8.1% by 2034. Based on the end user, the hospitals & diabetic care center segment is expected to expand at a CAGR of 7.8% by 2034.
| Category | CAGR from 2024 to 2034 |
|---|---|
| Type 2 Diabetes | 8.1% |
| Hospitals & Diabetic Care | 7.8% |
By 2034, the type 2 diabetes sector is forecast to record a CAGR of 8.1%. A sedentary lifestyle, poor diet, and an aging population have all contributed to the increasing prevalence of type 2 diabetes worldwide. As the number of people with type 2 diabetes rises, there will be an increased demand for diagnostic instruments and monitoring approaches, such as glycated albumin assays.
Ongoing research and development in diagnostic technologies help improve tests, making them more accurate, sensitive, and user-pleasant. Technological developments may result in the development of point-of-care testing. Various methods for glycated albumin will make it more accessible to patients and healthcare practitioners.
The hospital & diabetic care segment is expected to expand at a CAGR of 7.8% until 2034. Glycated albumin assays are routinely used in hospitals and diabetic care centers to measure how effectively patients manage their blood glucose levels.
The ability to assess glycated albumin provides a more immediate snapshot of glycemic control than other markers, such as HbA1c, making it especially relevant in acute care settings.
Hospitals and diabetic care facilities can enhance their capabilities by developing point-of-care tests for glycated albumin. A clinical decision can be made immediately after the test due to the fast and on-site results.
Competitive changes, like mergers and acquisitions, can change market dynamics. Business owners may face opportunities or challenges as a result of these changes.
Key Market Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 223.9 million |
| Projected Market Valuation in 2034 | US$ 504 million |
| Value-based CAGR 2024 to 2034 | 8.4% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ million |
| Key Regions Covered |
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| Key Market Segments Covered |
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| Key Countries Profiled |
|
| Key Companies Profiled |
|
As of 2024, the glycated albumin assay market is expected to be valued at US$ 223.9 million.
By 2034, the market value of the glycated albumin assay is expected to reach US$ 504 million.
From 2024 to 2034, the glycated albumin assay is expected to flourish at a CAGR of 8.4%
The type 2 diabetes segment is expected to register at 8.1% CAGR by 2034.
South Korea is expected to hold the largest market, with a CAGR of 9.8%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034
5.3.1. Type 2 Diabetes
5.3.2. Type 1 Diabetes
5.3.3. Prediabetes
5.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2024 to 2034
6.3.1. Hospitals & Diabetic Care Center
6.3.2. Diagnostic Laboratory
6.3.3. Others
6.4. Y-o-Y Growth Trend Analysis By End User, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End User, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. UNITED STATES
8.2.1.2. Canada
8.2.2. By Application
8.2.3. By End User
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.3.3. By End User
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Application
9.2.3. By End User
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.3.3. By End User
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UNITED KINGDOM
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Application
10.2.3. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By End User
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Application
11.2.3. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By End User
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Application
12.2.3. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By End User
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Application
13.2.3. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By End User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Application
14.2.3. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Application
14.3.3. By End User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. UNITED STATES
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Application
15.1.2.2. By End User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Application
15.2.2.2. By End User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Application
15.3.2.2. By End User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Application
15.4.2.2. By End User
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Application
15.5.2.2. By End User
15.6. UNITED KINGDOM
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Application
15.6.2.2. By End User
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Application
15.7.2.2. By End User
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Application
15.8.2.2. By End User
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Application
15.9.2.2. By End User
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Application
15.10.2.2. By End User
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Application
15.11.2.2. By End User
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Application
15.12.2.2. By End User
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Application
15.13.2.2. By End User
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Application
15.14.2.2. By End User
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Application
15.15.2.2. By End User
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Application
15.16.2.2. By End User
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Application
15.17.2.2. By End User
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Application
15.18.2.2. By End User
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Application
15.19.2.2. By End User
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Application
15.20.2.2. By End User
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Application
15.21.2.2. By End User
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Application
15.22.2.2. By End User
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Application
15.23.2.2. By End User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Application
16.3.3. By End User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Asahi Kasei Pharma Corporation
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. EKF Diagnostics Holdings plc
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Weldon Biotech India Private Limited
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Hzymes Biotechnology Co., Ltd.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Beijing Strong Biotechnologies, Inc.
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Diazyme Laboratories, Inc. (General Atomics)
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Abbexa Limited
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Biomatik Corporation
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Abnova Corporation
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Geno Technology, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Glycated Albumin Assay Market
