Boronate Affinity Tests Market Size by Indication, Technology, Region – Segment-Level Market Assessment, Growth Opportunity Analysis, Competitive Mapping & Forecast to 2030
Overview
The Boronate Affinity Tests Market size was valued at USD 6.09 Billion in 2023 and the total Boronate Affinity Tests revenue is expected to grow at a CAGR of 9.32% from 2024 to 2030, reaching nearly USD 11.37 Billion.
Boronate affinity Tests are widely used to measure the total glycated haemoglobin, consisting of HbA1c and other Hb variants regardless of the charge. It is a chromatographic technique for the quantitation of glycosylated haemoglobin using a boronic acid affinity support. The glycosylated haemoglobin gets bound to the immobilized boronic acid, which helps them to separate from non-glycosylated haemoglobin. It measures the total glycosylated haemoglobin (GHb), including HBA1c and Hb glycated at other sites. This test is conducted on people with Type 1 and Type 2 diabetes.
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Global Boronate Affinity Tests Market Dynamics
Increasing number of diabetic’s patients in China, India, Brazil, and South Africa is expected to drive the market for The Boronate affinity tests in forecast period. As on 2020, number of diabetics’ patients in China, India, Brazil and South Africa was xx MN, xx MN, xx MN and xx MN respectively and total number of diabetics patients in these four countries is expected to be xx MN by 2030.
The increasing diabetic population in these focused countries are expected to drive the market for Boronate affinity-based HBA1c laboratory tests. Country wise analysis of increment in the patients and the current tests in the industry are analysed with the share of Boronate affinity-based HBA1c.
According to CDC, around 34.2 million people were suffering from diabetes in 2019, while 88 million US adults were prediabetic. Routine tests for corporate employees by the company and government wellness programs have increased the market for Boronate affinity testing.
The migration of R&D facilities from western countries to the developing nations in APAC due to low labour costs is expected to increase demand for Boronate affinity chromatography products and similar other laboratory equipment in the forecast period. The rapidly increasing chemical industry and investments from private investors is also having a positive impact on the market.
Global Boronate Affinity Tests Market Segmentation
The market is segmented as: By technology, by indication, by region
Technology Segment Analysis
The ion-exchange high performance liquid chromatography (HPLC) segment accounted for the largest share of the global Boronate Affinity Tests market in 2023.This segment is expected to expand at a significant CAGR during the forecast period. High Performance Liquid Chromatography increases ionic strength of buffer, identifies variants, and consumes less time. Hence, the segment is likely to dominate the market during the forecast period.
North America to dominate the Global Boronate Affinity Tests Market
North America is expected to lead the market in the forecast period. The advancements in accurate diagnostic tests and adoption of advanced techniques has lead the country to top in the market. Increase in diabetic population, Increase in awareness about this test and rise in physician prescriptions for this test are expected to elevate the market in this region.
Laboratory equipment manufacturers of this test are entering into partnership with laboratories, thereby driving the market.
Increase in funding by the government authorities, favourable reimbursement policies and an increase in diabetic and geriatric population is leading to a rise in number of laboratories for Boronate affinity tests.
The objective of the report is to present a comprehensive analysis of the Global Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Market dynamics, structure by analyzing the market segments and project the Global Boronate Affinity Tests size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Market make the report investor’s guide.
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| Global Boronate Affinity Tests Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 6.09 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 9.32% | Market Size in 2030: | USD 11.37 Bn. |
| Segments Covered: | by Indication | Type 1 diabetes Type 2 diabetes |
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| by Technology | Boronate Affinity Chromatography Boronate Affinity high-performance liquid chromatography Ion-exchange HPLC |
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Global Boronate Affinity Tests Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Leading players operating the Global Boronate Affinity Tests Market
1. Abbott Laboratories
2. A. Menarini Diagnostics s.r.l
3. GREENCORSS MEDIS Corp
4. Alere Inc.
5. Trinity Biotech
6. HUMAN DIgnostics
7. HemoCue
8. ARKRAY, Inc.
9. Beckman Coulter, Inc
10. Bio-Rad Laboratories, Inc.
11. Diazyme Laboratories, Inc.
12. EKF Diagnostics Holdings plc
13. OSANG Healthcare Co. Ltd
14. PTS Diagnostics
15. Roche Diagnostics
16. Siemens Healthineers
17. Tosoh Bioscience, Inc.
18. Trinity Biotech plc
Frequently Asked Questions:
1. Which region has the largest share in Global Boronate Affinity Tests Market?
Ans: North America region held the highest share in 2023.
2. What was the Global Boronate Affinity Tests Market size in 2023?
Ans: The Global Boronate Affinity Tests Market size was USD 6.09 Billion in 2023.
3. What is scope of the Global Boronate Affinity Tests Market report?
Ans: Global Boronate Affinity Tests Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Boronate Affinity Tests Market?
Ans: The important key players in the Global Xyz Market are – Abbott Laboratories, A. Menarini Diagnostics s.r.l, GREENCORSS MEDIS Corp, Alere Inc., Trinity Biotech, HUMAN DIgnostics, HemoCue, ARKRAY, Inc., Beckman Coulter, Inc, Bio-Rad Laboratories, Inc., Diazyme Laboratories, Inc., EKF Diagnostics Holdings plc, OSANG Healthcare Co. Ltd, PTS Diagnostics, Roche Diagnostics, Siemens Healthineers, Tosoh Bioscience, Inc., Trinity Biotech plc.
5. What is the study period of this Market?
Ans: The Global Boronate Affinity Tests Market is studied from 2023 to 2030.