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Point of Care Technology Market Business Insights to 2023 by Top 10 International Players as Siemens AG, Alere Inc., Instrumentation Laboratory, PTS Diagnostics, Nova Biomedical, etc

03-12-2019 08:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Point of Care Technology Market

Point of Care Technology Market

Market Research Future (MRFR) has recently published a brilliant study report. In its report MRFR mentions that the global point of care technology Market gaining further prominence will accrue pervasively registering a phenomenal CAGR during the estimated period (2017-2023).

The point of care technology market is growing mainly due to rising cases of chronic diseases. According to a recent study report published by the Market Research Future, the point of care technology market is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a spectacular growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period.

Point-of-care testing allows patient diagnosis, in an ambulance, the home, the field, or in the hospital. The results of care are timely, and allow rapid treatment to the patient. Point of care technology market is growing rapidly due to the evolving healthcare industry, especially in developing nations. Point of care documentation devices smooth the workflow, reduces errors in a clinical tasks including diagnostics, medication prescribing, and medication administration, which will indirectly boost the growth of the market.

The global point of care technology market is anticipated to grow at a CAGR of 9.5% during the forecast period 2017 to 2023.

Get Sample PDF Illustration @ https://www.marketresearchfuture.com/sample_request/1164

Key Players :

Abbott (US), Johnson & Johnson Services, Inc.(US), Techno Medica Co., Ltd. (Japan), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens AG (Germany), Alere Inc. (US), Instrumentation Laboratory (US), PTS Diagnostics (US), Nova Biomedical (US), Beckman Coulter, Inc. (US) BD (US), Quidel Corporation (US), Meridian Bioscience, Inc. (US) are some prominent players in the global point of care technology market.

Competitive Analysis :

The point of care technology market is currently dominated by various players. Due to rising research and development expenditure various existing and new marketers are continuously coming up with advanced technologies to control various chronic diseases. The global point of care technology market is currently dominated by numerous players.

Siemens is one of them by holding a strong share in the market. The company continuously developing their portfolio from medical imaging, and laboratory diagnostics to adding managed services, consulting, and healthcare IT services apart from further technologies for therapeutic molecular diagnostics. On July 21, 2017, Siemens Healthineers entered into an agreement to acquire Epocal Inc., a subsidiary of Alere. Epocal offers point-of-care blood diagnostic systems for healthcare enterprises, which includes the epoc Blood Analysis System, wireless testing solution. Strategic partnership are an essential part of Siemens strategy to reach its goal of new products pipeline, by accruing partner’s technology

Abbott is another renowned market player in point of care technology market. Abbott offers wide range of products in pharmaceuticals, medical devices, diagnostics, and nutrition. On Sept. 29, 2017, Abbott and Alere Inc. have agreed to divesture of two point-of-care medical device product line in order to settle Federal Trade Commission charges that Abbott’s proposed USD 8.3 billion acquisition.

Regional Analysis :

On regional basis, the point of care technology market is segmented into the Americas, Europe, Asia-Pacific and Middle East & Africa. North America is anticipated to dominate the global market during the forecast period.

The market growth in this region is attributed to the huge investment in the healthcare sector coupled with strong economic conditions in the region which favor the research and development activities in the healthcare sector. Moreover, rising demand for point of care technology products is expected to contribute to the market growth. Europe is the second largest market due to the increasing investment in research and development activities and presence of well-developed healthcare sector.

Additionally, Asia-Pacific is estimated to be the fastest growing market owing to the increasing demand for rapid diagnostics and rising prevalence of chronic diseases. The Middle East & Africa is expected to hold the lowest market share in the global point of care technology market due to lack of technical knowledge and poor medical facilities, especially in the African region.

Get Complete Access of Report @ https://www.marketresearchfuture.com/reports/point-of-care-technology-market-1164

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Statistical Report, Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Market Research Future

Hadapsar, Pune – 411028

Maharashtra, India

Phone: +1 646 845 9312

Email: sales@marketresearchfuture.com

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