openPR Logo
Press release

Point of Care Testing Market Key Players – Abaxis, Inc., Abbott Laboratories, Accubiotech Co, Ltd., ACON Laboratories, Inc., Alere Inc., Becton, Dickinson and Company, Biolytical Laboratories, bioMrieux SA, Bio-Rad Laboratories, Inc., Danaher Corporatio

02-11-2019 11:42 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

Point of Care Testing Market

Point of Care Testing Market

Point of Care Testing Market size is set to exceed USD 34.2 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Molecular diagnostics holds significant role in the field of microbiology. Conventional culture method is not helpful in obtaining timely results. Molecular testing technology allows nucleic acid detection directly through amplification and screening of sample. Real time PCR is used for this purpose. Industry players have been focusing their efforts on developing new point of care molecular diagnostic technologies to deliver faster results with high accuracy and specificity. Hence, increase in research and development will augment the market growth in the forthcoming years.

Increase in number of pathology labs and services equipped with advanced diagnostic equipment in North America will be one of the major factors driving the growth of POC testing market. Healthcare infrastructure development has resulted in the industry growth. Majority of the population staying in developed countries rely on healthcare facilities developed by the public healthcare sector, that will positively impact the industry growth.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/3086

High cost of the tests and the devices will be one of the major market hampering factors. The biomolecules used in developing point of care tests are complex in nature and expensive. Hence, the aforementioned factors will hinder the market growth.

Pregnancy and fertility testing products market held a significant amount of market share in the year 2017 and was valued around USD 2,384.7 million. Factors such as heredity, late child bearing and changing lifestyles are the major risk factors that lead to infertility. Hence, increase in number of infertility cases will significantly contribute to assisted reproductive technology market growth in forthcoming years.

Solid phase technology market is estimated to witness a growth of 9.2% during the forecast time period. Presence of HIV antibodies will result in a spot or dot with the help of a signal reagent. Such tests have high sensitivity and are designed to aid in the diagnosis of diseases along with the determination of antibody levels, thereby driving the segmental growth.

Prescription-based testing market was valued around USD 8,640.0 million in the year 2017. Diagnostic uncertainty escalates the risk of unnecessary antibiotic prescribing hence point of care testing is considered as key to rational prescribing. Issuance of such guidelines favoring use of point of care testing will drive segmental growth over the forecast timeframe.

The use of point of care testing devices in nephrology testing is projected to grow at a CAGR of 7.4% during the estimation period. Increasing incidence of kidney failure and kidney diseases will stimulate demand for nephrology testing over the forecast period. Rising number of people suffering from diabetes, high blood pressure, obesity, and other risk factors such as smoking leading to kidney diseases will fuel demand for nephrology testing over the forecast timeframe.

Make Inquiry about this report @ https://www.gminsights.com/inquiry-before-buying/3086

Germany dominated the Europe POC testing market and was valued around USD 1,717.4 million in the year 2017. In the Federal Republic of Germany, point-of-care systems are increasingly used within hospitals and medical practices. Other medical facilities where point of care testing is widely used includes outpatient nursing care, pharmacies and home visits. Therefore, growing adoption of point of care testing across the nation will drive the regional market growth.

Japan POC testing market is projected to grow at a CAGR of 8.7% over the projection period. As per the statistics published by the World Health Organization (WHO), more than 20,000 people were suffering from HIV and tuberculosis in Japan in the year 2016. This rising incidence stimulates the demand for point of care diagnostics tests resulting in growing demand and adoption rate of point of care testing devices in the country.

Major companies operating in the POC testing market include Abbott, F. Hoffmann-La Roche Ltd., Johnson and Johnson, Siemens AG, and Abaxis, among others. The company’s major strategy includes launching of technologically advanced new and innovative products. Industry participants are also focusing on product portfolio expansion to suit the requirements of different healthcare settings in terms of test volumes, assay menu and budget to stay ahead of the competition.

Point of care testing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

POC testing market by Product
• Glucose monitoring
o Strips
o Meters
o Lancets
• Cardiometabolic testing products
o Cardiac marker testing products
o Blood Gas/Electrolytes testing products
o HBA1C testing products
• Infectious disease testing products
o Influenza testing products
o HIV testing products
o Hepatitis C testing products
o Sexually Transmitted Disease (STD) testing products
o Healthcare-Associated Infection (HAI) testing products
o Respiratory infection testing products
o Tropical disease testing products
o Other infectious diseases testing products
• Coagulation testing products
o PT/INR testing products
o Activated Clotting Time (ACT/APTT) testing products
• Pregnancy and fertility testing products
o Pregnancy testing products
o Fertility testing products
• Tumor/Cancer marker testing products
• Urinalysis testing products
• Cholesterol testing products
• Hematology testing products
• Drug-of-Abuse (DoA) testing products
• Fecal occult testing products
• Other products
POC testing market by Technology
• Lateral flow assays
• Dipsticks
• Microfluidics
• Molecular diagnostics
• Immunoassays
• Agglutination assays
• Flow-Through
• Solid phase
• Biosensors
POC testing market by Prescription
• OTC testing
• Prescription-based testing
POC testing market by Application
• Cardio metabolic testing
• Infectious disease testing
• Nephrology testing
• Drug-of-Abuse (DoA) testing
• Blood glucose testing
• Pregnancy testing
• Cancer biomarker testing
• Other applications
POC testing market by End-use
• Hospitals
• Diagnostic centers
• Research laboratories
• Home-care settings
• Other end-uses

The above information is provided for the following regions/countries:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Spain
o Italy
• Asia Pacific
o China
o Japan
o India
o Australia
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o South Africa
o Saudi Arabia

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Blog : http://news-researchers.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Point of Care Testing Market Key Players – Abaxis, Inc., Abbott Laboratories, Accubiotech Co, Ltd., ACON Laboratories, Inc., Alere Inc., Becton, Dickinson and Company, Biolytical Laboratories, bioMrieux SA, Bio-Rad Laboratories, Inc., Danaher Corporatio here

News-ID: 1576398 • Views: 916

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for POC

Veterinary PoC Diagnostics Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Veterinary PoC Diagnostics market analysis, which studies the Veterinary PoC Diagnostics's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global "Veterinary PoC Diagnostics Market 2020-2025" Research Report categorizes the global Veterinary PoC Diagnostics market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Fluorescence Immunoassay POC Analyzers Industry Cost Analysis, Strategy and Grow …
A report added to the rich database of Qurate Business Intelligence, titled “Fluorescence Immunoassay POC Analyzers Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis and Forecast 2018 to 2023”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various
Point of Care (POC) Diagnostic Devices Market 2018: Top Players (Roche Diagnosti …
This report studies Point of Care (POC) Diagnostic Devices in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. This report focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering • Roche Diagnostics • Abaxis • Abbott POC • Alere Inc • Beckman Coulter • Beckton & Dickinson • Bayer Diabetes Care • Hemocue AB • International Technidyne
Global POC Diagnostics Market Research Report 2017
Global POC Diagnostics Industry 2017 Market Overview, Size, Share, Trends, Analysis, Technology, Applications, Growth, Market Status, Demands, Insights, Development, Research and Forecast 2017-2020. This report on global POC Diagnostics market is a comprehensive study, prepared to armor the players in the market to detect lucrative avenues and hence gain ground over their competitors. The report covers the analysis and forecasts the market on a global, regional, and country level. The study
Cardiac POC Testing Devices Market – Global Research and Analysis 2024
Growing prevalence of cardiac diseases, especially in Asia Pacific to drive growth of cardiac POC testing devices market According to a report published by the Heart Foundation—an Australia-based organization focused on increasing awareness about heart disease—heart disease (including Stroke and other Cardiovascular Diseases) is the main cause of death in the U.S., leading to the death of nearly 787,000 people in 2011. The same report stated that around 720,000 individuals in
Global Cardiac POC Testing Devices Market Research Report 2016
This report studies Cardiac POC Testing Devices in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with production, price, revenue and market share for each manufacturer, covering Alere Inc. Abbott Laboratories Roche Diagnostics Beckman Coulter, Inc. BG Medicine Inc. Boston Scientific Corp Medtronic Inc. Randox Laboratories Ltd. Request for Sample of Premium Research Report @ http://www.qyresearchreports.com/sample/sample.php?rep_id=903965&type=E Market Segment by Regions, this report splits Global into several key Regions,