Press release
Global Point of Care Diagnostics Market is anticipated to shoot off by the end of 2022 :Top keyplayers are Abbott Laboratories, Inc., Roche Diagnostics Limited, Siemens AG , Beckman Coulter, Inc. , Becton, Dickinson and Company, Johnson & Johnson, Alere I
Gone are the days where the patient had to submit the specimen and wait for hours, or in some cases, days for the report. With innovative products and new technology these reports can be generated in a flash, through small portable devices. Point of care testing has reduced the hassle, by delivering results in a jiffy. Thus giving physicians the nod POC diagnostic devices are used to test glucose and cholesterol levels, do electrolyte and enzyme analysis, test for drugs of abuse and for infectious diseases, and for pregnancy testing. Blood gases, cardiac markers, and fecal occult blood tests can also be done with POC diagnostic devices towards proper treatment. This market is projected to reach a valuation of XX in the forecast period while growing at a rate of XX per cent.
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Market Dynamics
The rising innovation and technological advances in the sector have given rise to a lot of new devices. The rising number of chronic diseases and growing number of people suffering from them is a major factor that strokes the growth in of the market. The increasing awareness among the masses with respect to the seriousness of such chronic diseases prompts them to keep their health in check at all times of the day. Such factors help in an increasing demand for on the go testing of body parameters. Which in turn lead to development of new innovative devices, thus giving a positive impact on the market.
However, the accuracy of such digital devices is always in doubt. The expensiveness of such testing is also a problem. These factors restrain the growth.
Market Segmentation
On the grounds of product, the market is partitioned into glucose monitoring kits, infectious diseases testing kits, cardio-metabolic monitoring kits, coagulation monitoring kits, hematology testing kits, urinalysis testing kits, cholesterol test strips, drugs-of-abuse testing kits, tumor/cancer markers, pregnancy and fertility testing kits, fecal occult testing kits, and other products.
When it comes to mode of prescription, the market is divided into prescription based and over the counter testing kits. The over the counter testing kits include blood glucose measuring devices, blood pressure measuring devices, etc.
It is also segmented on the basis of the end users, into professional users, home care, research laboratories and others.
Geographical Analysis
North America holds the largest share in the market followed by Europe. The Asia Pacific region is expected to grow at the highest rate in the forecast period owing to the rising population of patients suffering from chronic diseases. The initiatives by the key players in expanding their distribution network, rising number of partnerships in the POC sector provide an impetus for the market to grow at a high rate.
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Key Players
Some key players in the market are:
Abbott Laboratories, Inc. (U.S.), Roche Diagnostics Limited (Switzerland), Siemens AG (Germany), Beckman Coulter, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Johnson & Johnson (U.S.), Alere Inc. (U.S.), Instrumentation Laboratory (U.S.), PTS Diagnostics (U.S.), Nova Biomedical (U.S.)
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
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Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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