For measuring the capacity of engrossing glucose after consumption of the given amount of sugar to the patient, a glucose tolerance test is used. It tells the level of sugar that can be tolerated by a person suffering from diabetes. For identifying type 1 and type 2 diabetes, specialists use values of hemoglobin A1c and fasting blood sugar levels. The glucose tolerance test market is also used for testing pre-diabetes in potential diabetic patients. Initially, to diagnose gestational diabetes, glucose tolerance tests are used on patients and hence lead to the growth of the market in the global market.
The glucose tolerance test market is expected to grow at a high CAGR of 10.4% to account for a higher market value of approximately USD 46,815.0 million by the end of the forecasted period in the global market.
COVID 19 Analysis
The global pandemic of COVID 19 has adversely affected the normal working of people. With the growing outbreak of COVID 19, now one has to deal with financial crises along with health concerns. This situation has pushed the economies towards forced recession. Owing to the lockdown situation the supply chain network of the market has been distributed which resulted in a steep downfall of sales revenue.
However, it is expected that the glucose tolerance test market will recover from this pandemic situation by the end of the second quarter of the coming year.
The demand for glucose tolerance test market is increasing rapidly in the global market owing to an increase in diabetic patients worldwide. The increasing investment in the research funding for diagnosis and treatment, related to awareness and screening accelerates the pace of growth in the in the global market. The changing lifestyle because of more urbanization is another contributing factor for boosting the growth in the global market.
The rise in demand for glucose tolerance test market. Various growth opportunities can be seen in the market during the forecasted period as governments of various emerging countries are spending a huge amount as the investment market for providing testing facility in every region in the global market. The government of various emerging countries is also encouraging and supporting research in the fields of market for applying the theoretical knowledge in practical experience.
The glucose tolerance test market is increasing at a constant rate but some factors restrict the growth of the market. The restrictions regarding the reimbursement and insurance policies of various emerging countries hinder the growth in the global market. The high cost required for treatment and diagnosis of diabetes is another factor that hinders the growth in the global market.
Value Chain Analysis
The glucose tolerance test market is increasing tremendously in the global market. The market has various benefits and hence adds value to society. The market helps in monitoring the blood sugar level in the dietetic patients and tells about the proportion of sugar that a diabetic patient can tolerate and intake.
GLUCOSE TOLERANCE TEST MARKET BY PRODUCTS, 2016 & 2023 (USD MILLION)
Sources: MRFR Analysis
The glucose tolerance test market in the global market has been divided based on the product, indication, and end-users.
Based on the Product
The global market has been divided based on the product into smart sensors, blood glucose testing kits, and many others. The blood glucose testing kit is further sub-divided into test strips, meters, lancet, and many others. The largest market share in the product division is held by the blood glucose testing kit owing to a sudden increase in diabetes patients.
Based on the Indication
The global market has been divided based on the indication into reactive hypoglycemia, insulin resistance, gestational diabetes, diabetes, and many others. The largest market share in the indication division is held by the diabetes dividend owing to the rise in patients suffering from diabetes due to unhealthy lifestyles.
Based on the End-Users
The global market has been divided based on the end-users into homes, hospitals, dispensaries, diagnostic clinics, and many others. The largest market share in the end-users division is held by the diagnostic clinics' division as it is expected to grow at a high CAGR of 34.5% during the forecasted period.
Global Glucose Tolerance Test Market Share, by Region, 2016 (%)
Sources: MRFR Analysis
The glucose tolerance test market in the global market has been divided based on the region into Asia-Pacific region, European region, North American region, and the Middle East and African region. The largest market share in the global market is held by the North American region and hence it dominates in the global market. This is because of the increase in expenditure on healthcare, increase in cases of diabetes mellitus (DM), and increase in advancement of technology.
The second-largest market share in the global market is held by the European region. This region is further sub-divided into the Eastern European region and Western European region. Countries like U.K., Spain, Italy, France, and Germany come under the Western European region. Owing to an increase in presence of the geriatric population, healthcare infrastructure, and research, and development leads to the growth of the market.
The third-largest market share in the glucose tolerance test market in the global market is held by the Asia-Pacific region as this is the fastest-growing region. This region has various growth opportunities during the forecasted period owing to the presence of highly populated countries in this region. Improvement in the healthcare sector is another contributing factor.
A restricted growth has been seen in the Middle East and African region owing to poor and slow growth in countries of the African region.
The most prominent major key players are mentioned below:
These major key players in the market use various strategies and policies to sustain their market position in the global market by forming a partnership, establishing collaboration, setting up new joint ventures, developing a new product, innovation in existing product, developing new production process to minimize the cost, and many other strategies to penetrate in the untapped market for increasing their customer base in the global market.
This glucose tolerance test market research report consists of the following elements:
This glucose tolerance test market research report contains various factors that drive the growth of the tolerance test market along with the factors that restrict the growth of the market. The growth opportunities available in the market during the forecasted period are mention. The impact of the global pandemic of COVID 19 on the sales revenue of the market is also mentioned. The future growth rate of the market is estimated and mentioned.
Pharmaceutical companies, potential investors, market research, and consulting service providers, research and development (R&D) companies, medical devices manufacturer, and many others.
Frequently Asked Questions (FAQ) :
Glucose tolerance test market is projected to grow at a 10.4% CAGR between 2020-2027.
The Americas is expected to dominate the glucose tolerance test market.
Glucose tolerance test market is predicted to touch USD 46,815.0 million by 2023.
Diagnostic clinics will lead the glucose tolerance test market.
High cost of diagnosis may limit the glucose tolerance test market growth.