Glucose analysis market valued at nearly $394M

by Katie Pfaff

The worldwide market for glucose analysis tubes is expected to grow at a rate of 5.7% CAGR, according to market analysis company, Persistence Market Research Pvt. Ltd. The period part of the analysis is from 2021 to 2031. The market was priced at $393.3 million last year.

While the market is primarily aimed at human care, research facilities, veterinary clinics and veterinary hospitals also use the devices to diagnose diabetes based on blood work. Diagnostic labs account for 46% of the market, and clinics and hospitals for 36%. Diagnostic labs are forecast to continue to hold a large share with an estimated 46.6% of the market by 2031.

Growth is expected after tubes for analyzing glucose saw updates in recent years and technology in the market continues to advance. North America is expected to lead the growth with an estimated 32.1$ of the market by 2031.

By material, 84% of the market is tied to plastic or PET devices as the substance is typically durable and helps to maintain low costs.

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Glucose analysis market valued at nearly $394M

by Katie Pfaff

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