Press release
Point of Care Molecular Diagnostics Market 2019 Analysis, Competition & Comprehensive Forecast to 2025: Agilent Technologies, Abbott, Roche, Hologic, QIAGEN, Myriad Genetics, Cepheid, Genomic Health, Mckesson Corporation, Accretive Health, Hcl Technologie
Point of Care Molecular Diagnostics Market
Point of Care Molecular Diagnostics is diagnostic equipment which is used to determine the cause of infectious disease causing agents. These machines/equipments help determine the accurate cause of these diseases in a timely manner, which is of utmost importance when dealing with these kind of diseases and also to implement the correct course of action.
The advancements and developments in the diagnostics market is attributed to the fact that the healthcare industry is focusing on detection and diagnosis in place of pharmaceuticals and medicines, to prevent the development of the diseases. This trend has directly affected the market growth and is helping the market to grow significantly.
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Target Audiences:
1. Physician Offices
2. Hospitals
3. Research Institutes
4. Others
Key Developments in the Market:
• In October 2017, Abbott completed the acquisition of Alere, for USD 5.9 billion. Alere was a global leader in diagnostics market and the acquisition helps Abbott grow its market share.
• In July 2017, Agilent Technologies announced the acquisition of Population Genetics’ molecular and sample barcoding patent portfolios which help improve the accuracy of next generation sequencing (NGS). These help in the diagnostics of cancer.
Market Competitors:
• Agilent Technologies Inc.,
• Abbott,
• F. Hoffmann-La Roche Ltd.,
• Illumina Inc.,
• Hologic Inc.,
• QIAGEN,
Market Drivers:
• Increasing cases of infectious diseases causing the health professionals to determine the infections and its causes accurately in a timely manner, thereby increasing the demand for Point of Care Molecular Diagnostics Market.
• Increased demand for regulatory approved molecular tests driving the market
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Market Restraints:
• Approval by the authorities is a time-consuming process and therefore the innovation programs suffer because of these long term regulations
• Research and development of these devices is very extensive and hugely resource consuming which is one of the major factors for the restraining of market expansion
Few more others companies are Myriad Genetics, Cepheid, Genomic Health, GenePOC Inc., DxNA LLC., Binx Health Inc., Spartan Bioscience Inc., Biocartis, Beckman Coulter Inc., Johnson & Johnson Services Inc., Medtronic, Siemens Healthcare GmbH, Grifols S.A., Abaxis, Bayer AG, bioMérieux SA, Bio-Rad Laboratories Inc., Danaher, OraSure Technologies Inc., BD, Sysmex Corporation, Quidel Corporation, and Meridian Bioscience Inc.
Segmentation:
• By Product
1. Assays & Kits
2. Instruments/Analyzers
3. Services & Software
4. By Application
5. Respiratory Diseases
6. Sexually Transmitted Diseases
7. Hospital-acquired Infection
8. Oncology
9. Hepatitis
10. Others
• By Technology
1. Polymerase Chain Reaction
Real Time Polymerase Chain Reaction
DNA/RNA Purification
2. In-Situ Hybridization
3. Chips and Microarrays
4. Mass Spectrometry
5. Sequencing
6. Isothermal Amplification
7. Others
• By Geography
1. North America
2. South America
3. Europe
4. Asia-Pacific
5. Middle East & Africa
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