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PoC Platform & Technology Market Research Study for the Period (2017 - 2025)

05-04-2018 09:41 AM CET | Health & Medicine

Press release from: CMI - Research Reports

PoC Platform & Technology Market Research Study for the Period

Point of care (PoC) diagnostic devices are used to obtain diagnostic results while being close to the patient and are commonly used in doctor’s office, hospitals, and in home care settings. These devices are commonly preferred in the home care settings, as they do not require technical expertise and deliver instant feedback on various medical tests. The vast applications of POC platform and technology devices include diagnosis of chronic diseases, drugs of abuse testing, and pregnancy. The benefits offered by the POC platform and technology systems include higher speed, portability, and convenience of diagnosis at the bedside of the patient. The point-of-care diagnostics are also finding its applications in medical imaging with the introduction of portable ultrasound devices that aids in imaging patients at places that are not easily accessible and provides insights about various medical conditions.

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Market Dynamics

Increase in the prevalence of infectious diseases such as HIV, hepatitis, and vector borne diseases coupled with increasing awareness leading to early diagnosis of cancer and autoimmune diseases is a major factor propelling growth of POC platform & technology market. Moreover, the increasing usage of home-based point-of-care diagnosis has also significantly reduced the incidence of sexually transmitted diseases (STDs), as these tests provide quick detection of biomarkers leading to early diagnosis of diseases. These diseases, if treated at early stages can extend the life expectancy and can also completely cure the patients in few cases. According to the Centers of Disease Control and Prevention (CDC), in 2016, rapid home-based diagnostic tests that include point-of-care immunoassay and test strips as well as general awareness have collectively resulted in reducing the number of annual infections caused due to HIV by 10% from 2010 to 2014 and by 5% from 2011 to 2015. The increasing R&D activities by the organizations also aids in market growth. For instance, the Bill & Melinda Gates Foundation supported the development of Alere Malaria Ag Plasmodium falciparum HRP2 ELISA.

Key features of the study:

This report provides in-depth analysis of POC platform & technology market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR %) over the forecast period (2017–2025), considering 2016 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

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This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global POC platform & technology market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments and strategies, and future plans

Key companies covered as a part of this study include Advanced Liquid Logic, Inc., Agilent Technologies, Axxicon Moulds Eindhoven B.V., Lifesensors, Inc., Abbott Laboratories, Siemens Healthineers, and LifeScan, Inc.

Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics

The global POC platform & technology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the POC platform & technology market

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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Coherent Market Insights
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