Point Of Care Diagnostics Market To Witness Rapid Growth, Likely To Attain Up To USD 40.50 Billion By 2022

30-Dec-2019 | Zion Market Research

Roche Diagnostics, OraSure Technologies Inc, Alere Inc., Instrumentation Laboratory, Siemens Healthcare, Trinity Biotech PLC, Danaher Corporation, Abbott Laboratories, Qiagen N.V., Johnson & Johnson, and bioMerieux are few of the leading players in the point of care diagnostics market. The growth of point of care diagnostics market is likely to be boosted by the active participating of these players. The global point of care diagnostics market was valued in 2016 at nearly USD 23.50 Billion and is anticipated to surpass around USD 40.50 Billion by 2022’s end, growing at a CAGR of about 10.00% from 2017 to 2022, as per Zion Market Research analysts.

Browse the full "Point Of Care Diagnostics Market by Products, by Prescription Mode (Prescription-Based Testing Kits and Over-the-Counter Testing Kits) Market for Hospitals, Clinics and Ambulatory Care Settings: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022" report at https://www.zionmarketresearch.com/report/point-of-care-diagnostics-market

Point Of Care Diagnostics Market To Witness Growth Owing To Cost-Effective Medical Solutions

The point of care diagnostics market is anticipated to witness substantial growth in the near future according to the Zion Market Research analysts. The cost-effective & high-quality medical solutions along with technological advancement are the key factors contributing to the growth of the point of care diagnostics market. Additionally, the growing incidence of target diseases along with the rise in the number of the elderly population who are more susceptible to diseases are expected to boost the need for point of care diagnostics market considerably in the forecast period. Conversely, high cost and strict & perplexing regulatory structures are anticipated to obstruct the point of care diagnostics market growth in the coming period.

Nonetheless, rising demand from budding countries and healthcare decentralization might bring up new avenues for the market in the near future. Furthermore, the introduction of new devices and solutions by market players is also anticipated to drive the growth of the point of care diagnostics market. For instance, a new mobile app for tablets was introduced by Roche in June 2017 to improve the performance of point-of-care (POC) coordinators.

North America To Dominate The Point Of Care Diagnostics Market Owing To Increasing Disease Prevalence

With over 42% share of the global market, North America dominated the point of care diagnostics market in 2016. The key factors responsible for the growth in this region are increasing disease prevalence, a number of initiatives take by the government, and rules supporting the expansion of the healthcare industry. Another significant region in the global point of care diagnostics market is Asia Pacific and is expected to witness rapid growth in the near future. The technological advancement, increase in per capita income, the rising medical alertness in developing countries including India & China, and high unfulfilled medical need in the healthcare sector are the factors boosting the market growth in this region.

The global point of care diagnostics market, on the basis of end-use, can be bifurcated into ambulatory care settings, hospitals, and clinics among others.

This report segments the global point of care diagnostics market as follows:

Point Of Care Diagnostics Market: Product Segment Analysis

  • Glucose Monitoring Kits
  • Cardiometabolic Monitoring Kits
    • HbA1c Testing Kits
    • Lipids Testing
    • Cardiac Markers
    • Blood Gas/Electrolytes Testing Kits
  • Infectious Diseases Testing Kits
    • Influenza Testing Kits
    • HIV Testing Kits
    • Hepatitis C Testing Kits
    • Sexually-transmitted Diseases (STDs) Testing Kits
    • Tropical Diseases Testing Kits
    • Healthcare-associated Infections (HAIs)
    • Respiratory Infections Testing Kits
    • Others
  • Coagulation Monitoring Kits
    • Prothrombin Time (PT/INR) Testing Kits
    • Activated Clotting Time (ACT/APTT) Testing Kits
  • Pregnancy and Fertility Testing Kits
    • Pregnancy Testing Kits
    • Fertility Testing Kits
  • Tumor/Cancer Markers
  • Urinalysis Testing Kits
  • Cholesterol Test Strips
  • Hematology Testing Kits
  • Drugs of Abuse Testing Kits
  • Fecal Occult Testing Kits
  • Others

 Point Of Care Diagnostics Market: Prescription Mode Segment Analysis

  • Prescription-based Testing Kits
  • Over-the-counter (OTC) Testing Kits

Point Of Care Diagnostics Market: End User Segment Analysis

  • Hospitals
  • Clinics
  • Ambulatory Care Settings

Point Of Care Diagnostics Market: Regional Segment Analysis

  • North America
    • US
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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