Point of Care Diagnostics Market 2018 by Global Trends and Key Companies 2026 - Danaher Corporation, Abbott Laboratories, Acon Laboratories, Hoffman-La Roche, Becton, Dickinson, Johnson & Johnson, Trinity Biotech, and Siemens Healthineers.

Coherent Market Insights has announced the addition of the “Global Point of Care Diagnostics Market Size Status and Forecast 2026”, The report classifies the global Point of Care Diagnostics Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

Major players operating in the point of care diagnostics market include Danaher Corporation, Abbott Laboratories, Acon Laboratories, Inc., Hoffman-La Roche Ltd., Becton, Dickinson, and Company, Johnson & Johnson, Trinity Biotech Plc., and Siemens Healthineers.

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Cancer prevalence is increasing worldwide and often it is diagnosed in late stage, which affects the medical decision significantly. As cancer may be potentially cured if diagnosed in early stages, the importance of rapid point of care diagnostic tests is increasing in medical sector. Currently, cancer diagnosis is done by invasive techniques such as biopsy. Rapid biomarker identification tests are not present in extensive number. The U.S. Food & Drug Administration has approved breast cancer test in March 2018, offered by the company 23andMe. This cancer test is capable of diagnosing three of the 1000 mutations in the BRCA1 and BRCA2 genes associated with increased risk of breast, ovarian, and prostate cancer. Cancer point of care diagnostic/biomarker testing holds huge potential for market growth, as there is no significant competition in this sector.

Market Dynamics

Demand for point of care testing is increasing, owing to factors such as lack of access to centralized laboratories in emerging economies such as Asia Pacific, independence from centralized laboratories as the testing can be done on the spot without the need of laboratory facilities, and rapid diagnosis, which is expected to create significant demand for point of care diagnostics market. The market is expected to gain significant growth, owing to further developments in point-of-care diagnostics aimed towards impacting medical outcomes, increased adoption of rapid medical diagnostic devices, and rising prevalence of chronic diseases such as HIV, infectious diseases, and diabetes. Development of innovative point of care tests for wide number of applications is expected to fuel growth of the market. Product recalls in point of care diagnostics market and supply chain related issues in remote areas are expected to hinder the market growth

Detailed Segmentation:

Global Point of Care Diagnostics Market, By Technology:
-Lateral Flow
-Agglutination Assays
-Flow-Through
-Solid Phase
-Biosensors

Global Point of Care Diagnostics Market, By Application:
-Cardio Metabolic Testing
-Infectious Disease Testing
-Nephrology Testing
-DoA Testing
-Blood Glucose Testing
-Pregnancy Testing
-Cancer Biomarker Testing
-Others

Global Point of Care Diagnostics Market, By End User:
-Hospitals
-Diagnostic Laboratories
-Home-Care Settings
-Others

Global Point of Care Diagnostics Market, By Geography:
-North America
-Europe
-Asia Pacific
-Latin America
-Middle East
-Africa

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This release was published on openPR.