openPR Logo
Press release

What's driving Point of Care Testing Market ; Eminent Players - Abbott, F. Hoffmann-La Roche Ltd., Johnson and Johnson, Siemens AG, and Abaxis

06-11-2019 03:06 PM 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.
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.

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.

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.

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

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.

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

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/

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.

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 What's driving Point of Care Testing Market ; Eminent Players - Abbott, F. Hoffmann-La Roche Ltd., Johnson and Johnson, Siemens AG, and Abaxis here

News-ID: 1771630 • Views: 607

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for POC

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
PoC Platform & Technology Market - Global Industry Insights,2025
POC Platform & Technology Market – Early Detection, Proactive Intervention The point-of-care platforms and technologies have significantly contributed to the transformation of healthcare landscape by bringing rapid diagnosis and monitoring tests closer, and making it more convenient for healthcare providers and patients. The test results obtained by electronic health records (EHR) assists in quicker diagnosis leading to faster decision making and early treatment onset. The POC tests and devices help alleviate
Global POC HbA1C Testing Market Solutions, Applications & Technology Metrics 201 …
Qyresearchreports include new market research report "Global POC HbA1C Testing Market Professional Survey Report 2017" to its huge collection of research reports. In a highly dynamic global market for POC HbA1C Testing, companies need to constantly evolve to stay ahead of the curve. To do so, they need accurate information on the market. The recent report endeavors to help them achieve their growth targets by offering crucial information on the global
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