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Global Glycated Albumin Assay Market to reach USD 983.1 Million by the end of 2030

Global Glycated Albumin Assay Market Size study & Forecast, by Product Type (Human Glycated Albumin Assay, Animal Glycated Albumin Assay), by Application (Diagnostics, Research, Others), by End User (Hospitals, Diagnostic Centers, Research Centers, Others) and Regional Analysis, 2023-2030

Product Code: HLSDT-67992282
Publish Date: 10-08-2023
Page: 200

Global Glycated Albumin Assay Market is valued approximately USD 528.4 Million in 2022 and is anticipated to grow with a healthy growth rate of more than 8.07% over the forecast period 2023-2030. A glycated albumin assay is a laboratory test that measures the level of glycated albumin in the blood. Glycated albumin is a form of albumin, a protein found in the bloodstream that has been modified by the attachment of glucose molecules. This assay provides valuable information about short-term glycemic control and is used as an alternative or complement to the measurement of glycated hemoglobin (HbA1c) in individuals with diabetes or situations where HbA1c measurements may be unreliable. The glycated albumin assay helps healthcare professionals assess and manage glycemic control, enabling timely adjustments to treatment plans and reducing the risk of diabetes-related complications. The driving factors boosting the market growth are rising prevalence of diabetes and growing geriatric population.

According to the World Health Organization, diabetes will afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. Furthermore, geriatric, and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 Million in 2050. Moreover, technological advancements in assay methods and instruments and growing focus on disease management and prevention may create abundant opportunities in the market. However, the high cost of Glycated Albumin Assays and competition from alternative glycemic markers such as HbA1c and continuous glucose monitoring (CGM) systems stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Glycated Albumin Assay Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance of branded products and the region’s increasing disease prevalence. However, Asia Pacific is expected to become the fastest growing region during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for biosimilar development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.

Major market player included in this report are:
Abbexa Ltd.
Asahi Kasei Pharma Corporation
Laboratory Corporation of America
EFK Diagnostics
Elabscience Biotechnology Inc.
Diazyme Laboratories Inc.
Abnova Corporation
Maccura Biotechnology Co., Ltd.
AMS Biotechnology Ltd.
Epinex Diagnostics Inc.

Recent Developments in the Market:
Ø In February 2023, Biocompare, a life science product directory, has announced its partnership with Scilan, a leading provider of artificial intelligence and machine learning-based solutions for life science tool providers. This strategic collaboration aims to develop new artificial intelligence-based glycated albumin assays.
Ø In January 2023, Diazyme Laboratories, Inc., a certified medical device manufacturer, has announced a partnership with Carolina Liquid Chemistries Corp, a leading provider of chemistry instruments and reagents. This strategic collaboration aims to leverage the strengths and expertise of both companies to enhance their offerings in the field of diagnostic chemistry.

Global Glycated Albumin Assay Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Application, End User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Human Glycated Albumin Assay
Animal Glycated Albumin Assay

By Application:

By End User:
Diagnostic Centers
Research Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Glycated Albumin Assay Market, by Region, 2020-2030 (USD Million)
1.2.2. Glycated Albumin Assay Market, by Product Type, 2020-2030 (USD Million)
1.2.3. Glycated Albumin Assay Market, by Application, 2020-2030 (USD Million)
1.2.4. Glycated Albumin Assay Market, by End User, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Glycated Albumin Assay Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Glycated Albumin Assay Market Dynamics
3.1. Glycated Albumin Assay Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising prevalence of diabetes Growing Geriatric Population
3.1.2. Market Challenges High Cost of Glycated Albumin Assays Competition from alternative glycemic markers
3.1.3. Market Opportunities Technological Advancements in assay methods and instruments Growing focus on disease management
Chapter 4. Global Glycated Albumin Assay Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Glycated Albumin Assay Market, by Product Type
5.1. Market Snapshot
5.2. Global Glycated Albumin Assay Market by Product Type, Performance – Potential Analysis
5.3. Global Glycated Albumin Assay Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. Glycated Albumin Assay Market, Sub Segment Analysis
5.4.1. Human Glycated Albumin Assay
5.4.2. Animal Glycated Albumin Assay
Chapter 6. Global Glycated Albumin Assay Market, by Application
6.1. Market Snapshot
6.2. Global Glycated Albumin Assay Market by Application, Performance – Potential Analysis
6.3. Global Glycated Albumin Assay Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Glycated Albumin Assay Market, Sub Segment Analysis
6.4.1. Diagnostics
6.4.2. Research
6.4.3. Others
Chapter 7. Global Glycated Albumin Assay Market, by End User
7.1. Market Snapshot
7.2. Global Glycated Albumin Assay Market by End User, Performance – Potential Analysis
7.3. Global Glycated Albumin Assay Market Estimates & Forecasts by End User 2020-2030 (USD Million)
7.4. Glycated Albumin Assay Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Diagnostic Centers
7.4.3. Research Centers
7.4.4. Others
Chapter 8. Global Glycated Albumin Assay Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Glycated Albumin Assay Market, Regional Market Snapshot
8.4. North America Glycated Albumin Assay Market
8.4.1. U.S. Glycated Albumin Assay Market Product Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Glycated Albumin Assay Market
8.5. Europe Glycated Albumin Assay Market Snapshot
8.5.1. U.K. Glycated Albumin Assay Market
8.5.2. Germany Glycated Albumin Assay Market
8.5.3. France Glycated Albumin Assay Market
8.5.4. Spain Glycated Albumin Assay Market
8.5.5. Italy Glycated Albumin Assay Market
8.5.6. Rest of Europe Glycated Albumin Assay Market
8.6. Asia-Pacific Glycated Albumin Assay Market Snapshot
8.6.1. China Glycated Albumin Assay Market
8.6.2. India Glycated Albumin Assay Market
8.6.3. Japan Glycated Albumin Assay Market
8.6.4. Australia Glycated Albumin Assay Market
8.6.5. South Korea Glycated Albumin Assay Market
8.6.6. Rest of Asia Pacific Glycated Albumin Assay Market
8.7. Latin America Glycated Albumin Assay Market Snapshot
8.7.1. Brazil Glycated Albumin Assay Market
8.7.2. Mexico Glycated Albumin Assay Market
8.8. Middle East & Africa Glycated Albumin Assay Market
8.8.1. Saudi Arabia Glycated Albumin Assay Market
8.8.2. South Africa Glycated Albumin Assay Market
8.8.3. Rest of Middle East & Africa Glycated Albumin Assay Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Abbexa Ltd. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Asahi Kasei Pharma Corporation
9.3.3. Laboratory Corporation of America
9.3.4. EFK Diagnostics
9.3.5. Elabscience Biotechnology Inc.
9.3.6. Diazyme Laboratories Inc.
9.3.7. Abnova Corporation
9.3.8. Maccura Biotechnology Co., Ltd.
9.3.9. AMS Biotechnology Ltd.
9.3.10. Epinex Diagnostics Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Market Size Estimation:
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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