Canada Point-of-care Glucose Testing Market Size & Outlook
Canada point-of-care glucose testing market, 2018-2030 (US$M)
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Canada point-of-care glucose testing market highlights
- The Canada point-of-care glucose testing market generated a revenue of USD 224.8 million in 2023 and is expected to reach USD 284.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, accu-chek inform ii was the largest revenue generating product in 2023.
- Freestyle Lite is the most lucrative product segment registering the fastest growth during the forecast period.
Point-of-care glucose testing market data book summary
| Market revenue in 2023 | USD 224.8 million |
| Market revenue in 2030 | USD 284.8 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Accu-chek inform ii |
| Fastest growing segment | Freestyle Lite |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Accu Check Aviva Meter, Onetouch Verio Flex, I-STAT, Freestyle Lite, Bayer CONTOUR blood glucose monitoring system, True Metrix, Accu-Chek Inform II, StatStrip |
| Key market players worldwide | Roche, Abbott Laboratories, Nipro Corp, Nova Biomedical, ACON Laboratories, Bayer AG, EKF Diagnostics Holdings PLC |
Other key industry trends
- In terms of revenue, Canada accounted for 6.6% of the global point-of-care glucose testing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. point-of-care glucose testing market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,556.7 million by 2030.
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Point-of-Care Glucose Testing Market Scope
Point-of-Care Glucose Testing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada point-of-care glucose testing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to point-of-care glucose testing market will help companies and investors design strategic landscapes.
Accu-chek inform ii was the largest segment with a revenue share of 18.33% in 2023. Horizon Databook has segmented the Canada point-of-care glucose testing market based on accu check aviva meter, onetouch verio flex, i-stat, freestyle lite, bayer contour blood glucose monitoring system, true metrix, accu-chek inform ii, statstrip covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for rapid and preventive diagnosis has been increasing in Canada over the years. The need to develop efficient products aiding in early diagnosis has encouraged local market players to develop glucose testing products that can assist in making better treatment alternatives.
Rapid transition by common people in the country toward self-glucose testing to avoid frequent visits to laboratories has positively influenced the market growth. Moreover, focus of government organizations on offering appropriate training and spreading awareness pertaining to glucose POC testing products is expected to benefit glucometer users, thereby increasing their demand in the market.
For instance, according to a survey by Canadian Agency for Drugs and Technologies in Health, a local authority of Nova Scotia—Capital Health—offers online courses for POC testing training, which is inclusive of specific training for POC glucose meters. This training module is available for all healthcare professionals who perform POC testing.
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Our clientele includes a mix of point-of-care glucose testing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada point-of-care glucose testing market , including forecasts for subscribers. This country databook contains high-level insights into Canada point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada point-of-care glucose testing market size, by product, 2018-2030 (US$M)
Canada Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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