Asia-Pacific Diabetic Assays Market – Industry Trends and Forecast to 2030

Asia-Pacific Diabetic Assays Market Analysis and Size

Diabetes is one of the most severe endocrine diseases. Around 425 million people in Asia-Pacific suffer from this disease. Rising incidence of diabetes and awareness towards it increases the market growth.  For instance, World Health Organization (WHO) expected that there were around 125 million people aged 80 years or older and estimated to be almost 2 billion by the year 2050 in 2018. The demand for diabetes assays is being boosted by the need for easier, economic, and efficient management of the Asia-Pacific diabetes epidemic and increasing development of non-invasive techniques

 Data Bridge Market Research analyses a growth rate in the diabetic assays market in the forecast period 2023-2030. The expected CAGR of diabetic assays market is tend to be around 6% in the mentioned forecast period. The market is valued at USD 0.62 billion in 2022, and it would grow upto USD 1 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Asia-Pacific Diabetic Assays Market Scope and Segmentation

Market Definition

Diabetics assays such as auto-antibody assay, Electro-Chemiluminescence assays, enzyme inhibition assay, ELISA assay and others are widely used for the diabetes diagnosis. Diabetics cause severe damage to the heart, eyes, blood vessels, kidney and nerves. Increased risk of cardiac disorders related with diabetes requires successful testing and diagnosis options. Diabetics assays are widely used for diagnostics and monitoring who are at higher risk of developing diabetes.

Asia-Pacific Diabetic Assays Market Dynamics

Drivers

• Increasing Technological Advancements

Rising adoption of insulin delivery devices and increasing occurrence of diabetes are boosting the market growth. Several key manufacturers are primarily focusing on technological innovations and development of different advanced products to gain a considerable market share. Additionally, Diabetes Care launched its Slim X2 insulin pump, which is involved with Dexcom G6 CGM. Likewise, Ypsomed Holdings developed a CGM system called Mylife Unio Neva, which adds with the company’s insulin pump. Thus, this factor increases the market growth.

Opportunities

• Wide Adoption of Blood Glucose Meters

The increasing adoption of blood glucose meters is slowly increasing because of advantages such as portability and accuracy. Several market players are also primarily focusing on developing these devices and are launching small blood glucose meters. Some of the smallest blood glucose meters with advanced technology are widely available in the U.K. These are Abbott Diabetes Care Freestyle Lite, Bayer’s CONTOUR NEXT USB, Lifescan’s One Touch UltraEasy, Accu-Chek Aviva Nano, TRUEone blood glucose meter and Accu-Chek Mobile. Introducing these small, discreet, and easy-to-use blood glucose meters is anticipated to increase segment growth in the upcoming years. This as a result, increases the demand for the market.

• Rising Cases of Diabetes and Obesity

Rise in prevalence of diabetes because of obesity, aging, and unhealthy lifestyle is one of the primary factors leading to the growth of the market. Obesity is a main factor leading to diabetes. According to World Health Organization,  in 2016, more than 1.9 billion adults were overweight, of which, about 650 million people were obese. Several risk factors, such as obesity and overweight, are causing an increase in the prevalence of diabetes. Thus, risk factors such as overweight, obesity, smoking, and high cholesterol levels are anticipated to boost the prevalence of diabetes, thus fuelling the need for diabetes devices.

 Restraints/Challenges

• High Cost of Treatment

The increasing expenditure associated with the glucose meters and other instruments and the cost required to conduct the assays impede the market growth. There are numerous drugs and surgeries that cost high and people in the highly developing and underdeveloped countries, cause the under treatment of numerous patients. This impedes the market growth.

This diabetic assays market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the diabetic assays market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Asia-Pacific Diabetic Assays Market Scope

The diabetic assays market is segmented on the basis of type, disease type, deployment, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type  

• Assays
• Devices
• Consumables

Disease Type

• Type 1 Diabetes
• Type 2 Diabetes
• Gestational Diabetes

Deployment

• Automated
• Manual

End Users

• Hospitals
• Homecare
• Specialty Clinics
• Others

Distribution Channel

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

Diabetic Assays Market Regional Analysis/Insights

The diabetic assays market is analyzed and market size insights and trends are provided by type, disease type, deployment, end-users and distribution channel as referenced above.

The major countries covered in the diabetic assays market report are the China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China has been witnessing a positive growth for diabetic assays market throughout the forecasted period because of the high prevalence cases of diabetes in China population that requires increasing detection of diabetes assays for the identification and detection of diabetes diseases. The total expenditure and high occurrence rate focused towards the diagnosis of diabetes and increasing the growth of diabetes assays in forecast period.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Asia-Pacific Diabetic Assays Market Share Analysis

The diabetic assays market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to diabetic assays market.

Key players operating in the diabetic assays market include:

• Abbvie, Inc (U.S.)
• Novartis AG (Switzerland)
• Teva Pharmaceutical Industries Ltd (Israel)
• Pfizer Inc (U.S.)
• Merck & Co., Inc. (U.S.)
• Abbott (U.S.)
• Siemens Healthcare GmbH (Germany)
• Hologic, Inc. (U.S.)
• Dynatronics Corporation (U.S.)
• Biomerieux (France)
• Bio-Rad Laboratories, Inc. (U.S.)
• BioMarin (U.S.)
• Quotient Suisse SA (Switzerland)
• BAG Health Care GmbH (Germany)
• DiaSorin S.p.A (Italy)
• DRG INSTRUMENTS GMBH (Germany)
• PTS Diagnostics (U.S.)
• Ortho Clinical Diagnostics (U.S.)
• Diazyme Laboratories, Inc (U.S.)
• ETHOS BIOSCIENCES (U.S.)
• Abnova Corporation (Taiwan)
• Monobind Inc. (U.S.)

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