Glycated Albumin Assay Market, by Product Type (Human Glycated Albumin Assay and Animal Glycated Albumin Assay), by Application (Diagnostics (Prediabetes, Type 1 Diabetes, and Type 2 Diabetes) and Research), by End User (Hospital, Diagnostic Centers, Research Centers, and Others), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Diabetes mellitus is a chronic metabolic disease with a high incidence worldwide. Glycated hemoglobin (A1C) is the reference test for long-term glucose monitoring and has been shown to be associated with chronic complications of diabetes. However, A1C is not recommended in clinical situations that may affect hemoglobin metabolism.
The glycated albumin (GA) is a test that reflects short-term glycemia and is not influenced by situations that falsely alter A1C levels. Glycated albumin is the higher glycated portion of fructosamine. It is measured by a standardized enzymatic methodology, easy and fast to perform.
Market Dynamics
Increasing adoption of inorganic growth strategies, such as company acquisition by key players in the market to expand their product portfolio is expected to drive the market growth over the forecast period. For instance, in September 2021, EKF, a global medical manufacturer of Point-of-Care and Central Laboratory devices, completed the acquisition of Advanced Diagnostic Laboratory LLC, which is a well-known PCR-focused testing laboratory among the pharmaceutical, biotechnology and medical device communities.
The increasing adoption of organic growth strategies such as product launches by key players in the market to expand product portfolio is expected to drive the market growth over the forecast period. For instance, on 3 January 2023, LifeSpan BioSciences Inc, which is a leading provider of antibodies and reagents launched ELISA Kit-LS-F15522, which is a 96-well enzyme-linked immunosorbent assay (ELISA) for the Quantitative detection of human glycated albumin in samples of plasma and serum.
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