24-Jun-2021 | Zion Market Research
The global point of care diagnostics market was capitalized at almost USD 28.20 Billion in 2020 and is likely to cross almost USD 75.50 Billion by end of 2028, developing at a CAGR of almost 13.1% from 2021 to 2028.
Some of the major companies in the point of care diagnostics market are Alere Inc ., Roche Diagnostics, Abbott Laboratories, Danaher Corporation, Instrumentation Laboratory, Johnson and Johnson, OraSure Technologies Inc, Trinity Biotech PLC, Qiagen N.V., bioMerieux, and Siemens Healthcare. These players have a lion’s share in the development of point of care diagnostics market.
High-Quality & Cost-Effective Medical Solutions And Technological Advancement To Power Point Of Care Diagnostics Market In Near Future
As per analysts at Zion Market Research, the point of care diagnostics market is likely to see lucrative development in the years to come. The point of care diagnostics market is mainly powered by high-quality & cost-effective medical solutions and technological advancement. In addition to this, rising occurrence of target diseases paired with the increment in the elderly user base that is more defenseless to diseases are likely to foster the demand for point of care diagnostics market significantly in the coming years. On the other hand, the presence of time-consuming & stringent confusing regulatory structure and high price of procedure are likely to hinder the growth of point of care diagnostics market in the years to come.
Nevertheless, health care decentralization and rising demand from up-and-coming nations might unlock up new growth opportunities in the years to come. Moreover, new launches by market players is also set to boost point of care diagnostics market. For example, in June 2017, Roche rolled out new mobile app for tablets to additionally enhance the performance for POC (point-of-care) coordinators.
Elevated Occurrence Of Diseases In North America To Suffice The Development Of Point Of Care Diagnostics Market
The point of care diagnostics market was ruled by North America with more than 39% share of the global point of care diagnostics market in 2020. This development is majorly owing to elevated occurrence of diseases in the area and attendance of favorable government initiatives and regulations supporting to the growth of healthcare industry. Asia Pacific is one more significant area for global point of care diagnostics market and is likely to show quickest development in the forecast period. This can be credited to the attendance of technological advancement and high unmet medical requirements in healthcare sector, rise in per capita revenue levels, and growing medical awareness in developing nations including China and India.
Based on the end-use, the global point of care diagnostics market can be divided into clinics, hospitals, and ambulatory care settings among others.
Browse the full “Point Of Care molecular Diagnostics Market By Products, (monitoring kits, cardio-metabolic monitoring kits, infectious diseases testing kits, coagulation monitoring kits, pregnancy and fertility testing kits, tumor/cancer markers, urinalysis testing kits, cholesterol test strips, hematology testing kits, drugs of abuse testing kits, fecal urinalysis testing kits, cholesterol test strips, hematology testing kits, drugs of abuse testing kits, fecal occult testing kits and others), 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, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/point-of-care-molecular-diagnostics-market
The global point of care diagnostics market is segmented as follows:
Point Of Care Diagnostics Market: Product Segment Analysis
Point Of Care Diagnostics Market: Prescription Mode Segment Analysis
Point Of Care Diagnostics Market: End User Segment Analysis
Point Of Care Diagnostics Market: Regional Segment Analysis
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