Latest Trends and Opportunities in Global Point of Care Diagnostics Market
According to a new report published by Reports Monitor titled, “Global Point of Care Diagnostics Market, Growth Opportunities, Innovations and Forecast, 2017-2025,”the point of Care diagnostics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025
Efficient speed of diagnosis, ease of handling, lean processes, improves patient outcome and portable devices are some of the features which drives the growth of the Point of Care diagnostics market. Development in healthcare infrastructure such as adaptation of electronic health record and wireless devices are supporting demand of the market.
Increasing prevalence of chronic disease, rising demand of home healthcare services and growing technological advancement to launch new products are fuels the market. Quick responses of Point of Care diagnostics devices help to take quick medical decision, improved health outcomes for patients by early start of treatment are helps to boost the growth of market.
This report provides a detailed analysis of Point of Care diagnostics market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Segmentation of global Point of Care diagnostics diagnostic market is majorly focuses on basis of type, mode of prescription and end user. Based on type the market is segmented into urinalysis testing kits, coagulation monitoring kits, cancer markers testing kits, cholesterol test strips, drugs of abuse testing kits, glucose monitoring kits, infectious disease testing kits, pregnancy and fertility testing kits, hematology testing kits, cardio metabolic monitoring kits, fecal occult testing kits and others. Based on mode of prescription the market is segmented into Prescription based Point of Care diagnostics and over-the-counter based Point of Care diagnostics testing devices. On the basis of end user, the market is segmented into research laboratories, home, professional diagnostic centers and others.
Global point of care diagnostic market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Presence of developed healthcare infrastructure, increasing number of patient suffering from chronic diseases, rising products approvals and government initiative to support POC diagnostic are driving the growth of the market in North America. Rising patient population & disposal income, developing healthcare infrastructure and higher penetration of technological advanced product led to availability of POC devices in the developing economies are contributing the growth of the point of care market in Asia-Pacific region.
Major vendors operating in the global point of care diagnostic market are: Abbott, Roche, Siemens, Danaher, Becton, Dickinson and Company, Johnson & Johnson, Instrumentation Laboratory , PTS Diagnostics , Quidel , Chembio , Sekisui Diagnostics , Nova , EKF Diagnostics , AccuBioTech , and Trinity Biotech .
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