Press release
Global POC Immunoassay Testing Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013 to 2017 and Forecast 2018 to 2024
POC Immunoassay Testing Market
Global POC immunoassay testing market was valued at US $ XX Mn and expected to grow at XX% Compound Annual Growth Rate (CAGR) over the 2018 to 2024.
Market Outline: POC Immunoassay Testing Market
POC immunoassay testing is an innovative testing method, enables deliver the results in short duration of time. The collection of the report provides insight into the point-of-care patient need after the test results. This helps in ruling the critical conditions by initiating proper treatment required to the patient, resulting in improving the odds for the patient’s recovery.
Market Dynamics: POC Immunoassay Testing Market
The global POC immunoassay testing market is witnessing a rapid growth owing to advanced technology. The burgeoning the prevalence of infectious diseases, increased awareness among the patients regarding the POC immunoassay test kits are expected to witness the growth of POC immunoassay testing market. The promotional activities in order to increase awareness among the patient population regarding the modern testing techniques is expected to fuel growth of the market. The growing preference for home healthcare, increasing government support in the adoption of the POC immunoassay testing is witnessing to enhance the revenue share of the market. However, the high cost associated with testing procedure is expected to hamper the growth of the POC immunoassay testing market.
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Market Scope: POC Immunoassay Testing Market
POC immunoassay testing market is segmented based on the technology, product, platform, and end user.
Based on the technology, the market is segmented into the following:
• ELISA
• Others
Based on the product, the market is segmented into the following:
• Cardiometabolic monitoring kits
o Electrolytes Testing Kits
o Cardiac Markers Kits
o HbA1c Testing Kits
o Others
• Infectious disease testing kits
o HIV testing kits
o Hepatitis testing kits
o Respiratory infections testing kits
o Sexually-transmitted diseases (STDs) testing kits
o Influenza testing kits
o Others
• Pregnancy and fertility testing kits
o Fertility Testing Kits
o Pregnancy testing kits
• Glucose monitoring kits
• Hematology testing kits
• Fecal Occult Testing Kits
• Cholesterol Test Strips
• Drugs of Abuse Testing Kits
• Urinalysis Testing Kits
• Others
Based on the platform, the market is segmented into the following:
• Molecular Diagnostics
• Immunoassays
• Lateral Flow Assays
• Dipsticks
• Microfluidics
Based on the end user, the market is segmented into the following:
• Hospitals/Diagnostic centers
• Home Care
• Research Laboratories
• Others
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Regional Analysis: POC Immunoassay Testing Market
Geographically, global POC immunoassay testing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America POC immunoassay testing market is expanding at an unprecedented growth rate owing to its deep-rooted healthcare infrastructure. The growing awareness among the patient population regarding the modern improved testing techniques is expected to drive the growth of POC immunoassay testing market. The increasing healthcare expenditure, surge in awareness is expected to boost the growth of the market. The adoption of the new testing methods by the patient population is expected to offer enormous growth opportunities for the market players. The Asia Pacific POC immunoassay testing market is expected to show the growth in the forecasted period owing to its increasing patient pool coupled with improving technology.
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Competition Assessment: POC Immunoassay Testing Market
Some of the players in the global POC immunoassay testing market include:
• Abbott Laboratories (U.S.)
• Siemens (Germany)
• Roche (Switzerland)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Thermo Fisher Scientific Inc. (U.S.)
• BD & Company (U.S.)
• bioMérieux SA (France)
Notable Market Developments: POC Immunoassay Testing Market
In November 2016, Abbott announced that i-STAT Alinity System, an innovative, handheld blood testing platform, received CE Mark and is now for sale in Europe and other countries that recognize CE Mark.
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