Colombia Point-of-care Glucose Testing Market Size & Outlook
Colombia point-of-care glucose testing market, 2018-2030 (US$M)
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Colombia point-of-care glucose testing market highlights
- The Colombia point-of-care glucose testing market generated a revenue of USD 22.3 million in 2023 and is expected to reach USD 26.6 million by 2030.
- The Colombia market is expected to grow at a CAGR of 2.6% 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 22.3 million |
| Market revenue in 2030 | USD 26.6 million |
| Growth rate | 2.6% (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, Colombia accounted for 0.7% 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 Latin America, Brazil point-of-care glucose testing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 70.5 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 |
|---|
Colombia 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 19.73% in 2023. Horizon Databook has segmented the Colombia 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.
According to International Diabetes Federation, there are more than 2 million people in Colombia living with diabetes with the prevalence rate of 8.1%. Diabetes is a leading cause of death in Colombia with rate of 15 deaths per 100,000 people.
Furthermore, technological advancement coupled with innovative product launches are further propelling the market over the forecast period. Thus, the above-mentioned factors are expected to boost the demand for the market.
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Target buyers of Colombia point-of-care glucose testing market databook
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia point-of-care glucose testing market , including forecasts for subscribers. This country databook contains high-level insights into Colombia point-of-care glucose testing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Colombia point-of-care glucose testing market size, by product, 2018-2030 (US$M)
Colombia Point-of-Care Glucose Testing Market Outlook Share, 2023 & 2030 (US$M)
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