Recent Study: Point of Care Testing Market Detail Survey, Applications, Evaluation, Emerging Trends to watch out near future 2027

Point of care testing (POCT), also known as bedside testing are medical diagnostic tests that are performed near the patient, or at the time of his/her consultation visit. These are rapid diagnostic tests that give the result immediately and both the patients as well as the healthcare professional does not have to wait for test results.

These tests when used properly provide efficient, effective medical treatments and can enhance the quality of medical care. Patients can use these test at home and thus can have a track record of his medical treatment. These tests are also used in emergency departments and in operating theatres.

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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Most Eminent Key Players involving:
F. HOFFMANN-LA ROCHE LTD, ABBOTT, Siemens Healthcare GmbH, Danaher, BD, Johnson & Johnson Services, Inc., Accubiotech Co,.Ltd., Instrumentation Laboratory, Nova Biomedical, and bioMérieux SA among others.

The report aims to provide an overview of global point of care testing market with detailed market segmentation by product, platform, end user and geography. 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.

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.

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The report analyzes factors affecting Point of Care Testing 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 Point of Care Testing Market in these regions.

REASON TO BUY

- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Point of Care Testing Market.

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Point of Care Testing, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.