Global Point Of Care Diagnostics Market-Industry Analysis And Forecast (2019-2027)


Global Point of Care Diagnostics Market-Industry Analysis and Forecast (2019-2027)

Global Point of Care Diagnostics Market was valued at US$ 24.01 Bn in 2019 and is expected to reach US$ 55.13 Bn by 2027 at a CAGR of 10.95 % during the forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.Global Point of Care Diagnostics MarketTo know about the Research Methodology:-Request Free Sample Report

Global Point of Care Diagnostics Market Dynamics:

The major factors driving the growth of this market include the rising prevalence of modern lifestyle, increase in chronic and infectious diseases, advancement in technology, the scope for unmet medical needs, and emerging POCT devices. These factors increase the demand for devices such as blood glucose meters, CRP, HBA1c, homocysteine. On the other hand, rising costs of POCT devices and low reimbursement scenarios are regulatory hurdles that may hinder the growth of the market. The rising cost of POCT devices and low reimbursement scenario are the factors, which may hinder the growth of this market.

Glucose monitoring led the market in 2019 because of an improved commercialization rate of portable glucose meters in past few years. Patients are aware of the fact that monitoring glucose level at regular intervals is important for diabetic patients. This has encouraged the employment of hand-held glucose meters in-home care settings.
Global Point of Care Diagnostics Market Segment Analysis:

On the basis of mode of prescription, the Point-of-Care Diagnostics market is classified into two segments prescription-based testing and OTC testing. The prescription-based testing segment was the largest share of the global point-of-care diagnostics market in 2019. The growth of this segment can be attributed to the increasing incidence and prevalence of lifestyle diseases and the lack of awareness of OTC POCT devices in developing nations.
Global Point of Care Diagnostics Market Regional Analysis:

North America accounted for the highest market share in 2019 due to the high awareness accompanied by high disease prevalence. Favorable government regulations and initiatives pertaining to the development of healthcare infrastructure also support the large share of this region. Numerous product launches and strategic developments by key players in the U.S. are also anticipated to drive the regional market. For instance, in November 2018, PixCell Medical received the Food and Drug Administration (FDA) support for its point of care HemoScreen Hematology Analyzer. Likewise, in October 2017, Abbott Laboratories acquired Alere Inc. that reinforced the POC testing offerings of Abbott. On the other hand, Asia Pacific is estimated to be the most attractive regional segment. This is major because of strategic initiatives adopted by international players to improve healthcare infrastructure. Growing awareness and the presence of a huge patient pool in developing economies such as India and China can further fuel the regional demand.

The objective of the report is to present a comprehensive assessment of the market and contain insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by product type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the point of care diagnostics market.
Scope of the Global Point of Care Diagnostics Market Report: Inquire before buying

Global Point of Care Diagnostics Market, by Kits Product

• Glucose Monitoring
• Infectious Disease Testing
• Pregnancy And Fertility Testing
• Hematology Testing
• Cardiometabolic Monitoring
• Urinalysis Testing
• Coagulation Monitoring
• Tumor Markers Testing
• Cholesterol Test Strips
• Drugs Of Abuse Testing
• Fecal Occult Testing
Global Point of Care Diagnostics Market, by End-User

• Professional diagnostic centers
• Hospitals/critical care centers
• Outpatient healthcare Setting
• Ambulatory care settings
• Research laboratories
• Home
• Others
Global Point of Care Diagnostics Market, by Mode of Prescription

• Prescription based
• Over-the-counter (OTC)
Global Point of Care Diagnostics Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Point of Care Diagnostics Market:

• Abbott
• Alere Inc.
• Siemens AG
• Becton
• Dickinson and Company
• Johnson & Johnson Services Inc.
• PTS Diagnostics
• Instrumentation Laboratory
• Nova Biomedical
• Beckman Coulter, Inc.
• Werfenlife

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Keywords: global point of care diagnostics market


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