Point of Care Technology Market 2018 Competitive Landscape by Abbott, Johnson & Johnson Services, Techno Medica Co., F. Hoffmann-La Roche Ltd., etc

Point of care technology is termed as a time when clinicians deliver healthcare products and services to patients. Point of care technology includes diagnostics, devices for documentation, and others. The factors such as increasing prevalence of the chronic diseases, rising research and development facilities, and rising healthcare expenditure are anticipated to drive the growth of the market during the forecast period. According to the Center for Disease Control and Prevention (CDC), in 2015, around USD 3.2 trillion were spend on healthcare expenditure in the US. Additionally, growing awareness among the people regarding the point of care diagnostics products is expected to contribute to the market growth. Furthermore, the growing adoption of automated lab systems and advancements in diagnostics is likely to boost the growth of the market.

The global point of care technology market is anticipated to grow at a CAGR of 9.5% during the forecast period 2017 to 2023.

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Key Players for Global Point of Care Technology Market

Abbott (US), Johnson & Johnson Services, Inc.(US), Techno Medica Co., Ltd. (Japan), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens AG (Germany), Alere Inc. (US), Instrumentation Laboratory (US), PTS Diagnostics (US), Nova Biomedical (US), Beckman Coulter, Inc. (US) BD (US), Quidel Corporation (US), Meridian Bioscience, Inc. (US) are some prominent players in the global point of care technology market.

Point of Care Technology Market - Competitive Analysis

The global point of care technology market is currently dominated by several players. The well-established market players are engaged in strategic acquisitions, collaborations, partnerships, global expansion, and product launches to gain the competitive advantage in this market and to maintain their market position.

In July 2017, Siemens Healthineers entered into an agreement to acquire Epocal Inc., a subsidiary of Alere Inc. Epocal Inc. offers point-of-care blood diagnostic systems for healthcare enterprises, which includes the epoc Blood Analysis System, wireless testing solution. With this acquisition, Siemens Healthineers increased its existing offerings in point of care diagnostics.

In June 2017, Nova Biomedical announced the grant of CE mark to Allergo analyzer, a point-of-care testing blood analyzer. Allegro analyzer along its StatStrip A companion meter provides 14 tests to monitor glucose in the blood, assessment of cardiac risk with a full lipids panel, and assessment of kidney function.

In January 2017, Werfen and its subsidiary Instrumental Laboratory (IL) acquired Acccriva Diagnostics, a leading company in in-vitro diagnostics blood testing at the Point-of-Care (POC). With this acquisition, Instrumental Laboratory established a leading position in hospital-based POC hemostasis testing and expanded its market position in Point-of-Care (POC) Critical Care testing.

In May 2016, Quidel Corporation announced the acquisition of the InflammaDry and AdenoPlus diagnostic businesses from RPs Diagnostics, a developer and manufacturer of rapid, point-of-care diagnostic tests for the eye health and primary care markets.

In December 2016, LifeScan, Inc., a unit of Johnson & Johnson Diabetes Care, received approval from US Food and Drug Administration (FDA) for the integration of its OneTouch Verio Flex blood glucose monitoring system with WellDoc’s BlueStar Diabetes Management Platform.

In April 2016, F. Hoffmann-La Roche Ltd. launched cobas infinity Point-of-Care mobile app that was designed to enable point-of-care coordinators (POCCs) to manage all the tasks on a smartphone or tablet and thus increasing their productivity.

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Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

TOC Continued…

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