Point of Care Testing Market 2019 Comprehensive Insights, Technology Innovations, Emerging Trends, Growth Affecting Factors, Key Developments and Global Future Outlook to 2027
Point of Care Testing Market to 2027 - Global Analysis and Forecasts By Product (Glucose Monitoring Products, Cardiometabolic Testing Products, Infectious Disease Testing Products, Coagulation Testing Products, Pregnancy And Fertility Testing Products, Urinalysis Testing Products, Hematology Testing Products And Others), Platform (Lateral Flow Assays, Dipsticks, Microfluidics, Molecular Diagnostics, and Immunoassays), Application (Research & Development, Diagnosis), End User (Hospitals & Clinics, Home Care, Diagnostic Laboratories And Others) and Geography
The increase in adoption of point of care testing in diagnostics, launch of technologically advanced products, shortage of skilled staff in healthcare industry, and increase in investments by medical device companies to develop rapid diagnostic tests are likely aid in the growth for global point of care testing market. Also introduction of favorable regulatory initiatives for point of care testing is expected to add novel opportunities in the forecast period for global Point of care testing market.
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Key Companies studied in this report are-
1. F. HOFFMANN-LA ROCHE LTD
3. SIEMENS HEALTHCARE GMBH
6. JOHNSON & JOHNSON SERVICES, INC.
7. ACCUBIOTECH CO,.LTD
8. INSTRUMENTATION LABORATORY
9. NOVA BIOMEDICAL
10. BIOMÉRIEUX SA
The global Point of care testing market is expected to increase the high progression during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The point of care testing market is classified by product as glucose monitoring products, cardiometabolic testing products, infectious disease testing products, coagulation testing products, pregnancy and fertility testing products, urinalysis testing products, hematology testing products and others. By platform, the point of care testing market is segmented as lateral flow assays, dipsticks, microfluidics, molecular diagnostics, and immunoassays. On basis of end user the point of care testing market is segmented into hospitals & clinics, home care, diagnostic laboratories and others.
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• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Point of Care Testing market
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
North America held the major market share in 2017 due to the growing geriatric population and growing healthcare expenditure in this region. Also, the growing preference for rapid diagnostics tests by patients and increasing prevalence of diabetes and cardiovascular diseases in this region drives the market growth. Asia Pacific market is expected to witness to fastest CAGR throughout the forecast period in point of care testing market. This can be attributed to the fact that many major market players are involved in entering the untapped region to enhance their market position. Moreover, rising prevalence of infectious diseases, increasing adoption of POC testing and growing awareness amongst the Asian population is expected to shoot the POC products in Asian countries.
The point of care testing market report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
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