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Global Point-of-Care Testing (POCT) Market Size Reach At Valuation Of USD 35.3 billion by 2024, Analysis By Top Key Players-Johnson & Johnson, Alere Inc., Instrumentation Laboratory, OPTI Medical, Sienco, Inc., Alpha Scientific, AccuBioTech Co., Ltd., ACO

04-24-2019 07:23 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

/ PR Agency: Data Bridge Market Research
Point-of-Care Testing

Point-of-Care Testing

New Players in the market are facing tough competition from established international Players as they struggle with technological innovations, reliability and quality issues. The Global Point-of-Care Testing (POCT) Market report will answer questions about the current market developments and the scope of competition, opportunity cost and more. Market research reports are very influential in many ways to grow your business. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position and comparative pricing between major players. The study and estimations of this report also helps to figure out types of consumers, their views about the product, their buying intentions and their ideas for the step up of a product. In addition, businesses can recognize the extent of the marketing problems, causes for failure of particular product (if any) already in the market, and prospective market for a new product to be launched. To get knowledge of all the above things, we make sure that our market report is transparent, wide-ranging and supreme in quality. And for the same, we cover all the major topics of the Global Point-of-Care Testing (POCT) Market research analysis that includes market definition, market segmentation, competitive analysis, major developments in the market, and top-notch research methodology. This report is structured with the meticulous efforts of our innovative, enthusiastic, knowledgeable and experienced team of analysts, researchers, industry experts, and forecasters.

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Global Point-of-Care Testing (POCT) Market, By Product (Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits, Infectious Disease Testing Kits, Cholesterol Testing Kits, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Cholesterol Test Strips, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits), Prescription Mode (Prescription & OTC), Distribution Channel, End User, Geography- Trends and Forecast to 2024

Global Point of Care Testing Market is expected to reach USD 35.3 billion by 2024 from USD 18.6 billion in 2016, growing at a CAGR of 8.4% in the forecast to 2024.

Market Key Points: Global Point of Care Testing (POCT)

F. Hoffmann-La Roche Ltd. is going to dominate the Point-Of-Care Testing market following with-Siemens AG and Abbott Laboratories, Inc., along with others such as Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson, Alere Inc., Instrumentation Laboratory, PTS Diagnostics, Abaxis, Inc., Medtronic, Accriva Diagnostics, OPTI Medical, Sienco, Inc., Alpha Scientific, AccuBioTech Co., Ltd., ACON Laboratories, Inc., Acrongenomics, Inc., bioMérieux SA, Biomerica, Inc., Atlas Genetics Ltd., Alfa Scientific Designs, Inc., Bio-Rad Laboratories, Inc., Medica Corporation, and Nova Biomedica.

Market Segmentation:

The global point-of-care testing market is segmented on the basis of product into prescription mode, distribution channel, end user, and geography.

On the basis of product, the market is segmented into 13 major segments, which includes blood glucose testing kits, cardio metabolic monitoring kits, infectious disease testing kits, cholesterol testing kits, pregnancy and fertility tests kits, tumor/cancer markers, urinalysis testing kits, cholesterol test strips, hematology testing kits, drugs of abuse testing kits, fecal occult testing kits, rapid coagulation testing kits, and others.

Based on prescription mode, the global point-of-care testing market is segmented into prescription based testing and over-the-counter (OTC) testing. The OTC testing is projected to witness higher growth rate of 8.9% during the forecast period to reach a value of USD 12.8 billion by 2024.

On the basis of distribution channel, the market is segmented into direct tenders and retail. In 2017, the direct tender market is expected to dominate the market with a share of 64.0% in the forecast period 2017-2024.

On the basis of end users, the market is segmented into hospital, clinics, ambulatory care, home healthcare, and research laboratory. Hospital segment is further categorized into emergency department critical-care unit, general ward, and others (intensive care unit, neo-natal). Also, clinic is segmented into physicians’ clinic and diagnostic clinic.

Table Of Content:

Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Global Point-of-Care Testing (POCT) Market Landscape
Part 04: Global Point-of-Care Testing (POCT) Market Sizing
Part 05: Global Point-of-Care Testing (POCT) Market Segmentation By Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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Market Key Drivers:

Some major factors driving the market for Point-Of-Care Testing market, such as increasing geriatric population, increase in infectious diseases (hepatitis, HIV infection, influenza, respiratory infections and others), technological advancements, introduction of home-based point of care devices, and rapid economic development in the emerging economies. These factors such as increased awareness among the population, ease of use, rapid test, right dosage to the right place, and enhanced patient compliance are also driving the growth for the point-of-care testing market.

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Report Focal-Point

1. Drivers and restrains of the market
2. Key developments in the market
3. In-depth market segmentation
4. Detailed overview of parent market
5. Changing market dynamics of the industry

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process.

Contact Us-

Data Bridge Market Research
US: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

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