Point of Care Diagnostics Market Trends and Prospects Report to 2027 with Key Players Such as Abbott Laboratories, Siemens AG, Roche, Sinocare , Johnson & Johnson, Sysmex Corporation

Point of Care Diagnostics Market business research report assesses the current as well as upcoming performance of the market, and also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market dynamics.

Rising prevalence of various infectious diseases and several initiatives implemented by government and non-government associations for rise in health awareness around the world are the factors majorly driving the point of care diagnostics market growth. The technological advancements in point of care diagnostic devices, introduction of home-based point of care devices; and increase in healthcare expenditure also support the growth of the global point of care diagnostics market. However, stringent government regulations for the product approval and reimbursement issues for the point of care devices restrict the market growth.

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Increasing usage of home-based glucose monitoring systems is one of the key trends observed in the point of care diagnostics industry. Several companies are launching innovative and advanced glucose monitoring systems that have increased their adoption rate among the end-users. For instance, Abbott received approval from the Therapeutic Goods Administration (TGA) in Australia for its FreeStyle Libre Flash Glucose Monitoring System, a glucose sensing technology for insulin-using Australians suffering from diabetes.

Major Key Players: -

The key players operating in this market Include:- Abbott Laboratories, Siemens AG, F. Hoffmann-La Roche Ltd., Sinocare Inc., Johnson & Johnson, Sysmex Corporation, Nova Biomedical, Danaher Corporation, Becton Dickinson and Company, bioMrieux SA, and Bio-Rad Laboratories

Hepatitis testing kits, HIV testing kits, respiratory infections testing kits, influenza testing kits are expected to be the major contributor in the growth of infectious disease testing kits market during analysis period.

The hepatitis testing kits segment is expected to maintain its lead in the overall infectious disease testing kits market throughout the analysis period, primarily due to the increase in incidences of liver disease cases. Furthermore, the HIV testing kits is anticipated to exhibit the highest growth, with a CAGR of 14.5% during the forecast period. This is owing to various initiatives implemented by the healthcare organizations for the free check-up facilities around the world.

The prescription-based point of care diagnostics holds largest market share in the global point of care diagnostics market because the devices are frequently used in healthcare facilities and prescribed by healthcare professionals. However, OTC-based point of care diagnostics market is estimated to register fastest CAGR of 10.4% during the forecast period owing to increase in awareness about the innovative and advanced applications of at-home point of care diagnostics and introduction of portable and hand-held devices.

North America and Europe together accounted for nearly three-fourths share of point of care diagnostics industry in 2015, and is expected to maintain this lead throughout the forecast period. The growth in the point of care diagnostics market size in these regions is attributed to the increased adoption of advanced point of care diagnostic devices, rise in awareness about innovative and advanced applications of point of care diagnostic devices, and rapidly aging population coupled with increase in incidences of diabetes and liver diseases. However, Asia-Pacific is projected to be the fastest-growing region, registering a CAGR of 12.0% during the analysis period. Japan is the leader in the Asia-Pacific point of care diagnostics market. This is mainly due to the increase in awareness of innovative and advanced applications of POC testing devices.

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Market Segmentation:

The report presents in-depth insights into each of the leading Point of Care Diagnostics end user verticals along with annual forecasts to 2027.

BY PRODUCT

o Glucose monitoring kits
o Infectious disease testing kits

o Hepatitis testing kits
o HIV testing kits
o Respiratory infections testing kits
o Influenza testing kits
o Healthcare-associated infections (HAIs) testing kits
o Sexually-transmitted diseases (STDs) testing kits
o Others

o Pregnancy and fertility testing kits
o Pregnancy testing kits
o Fertility Testing Kits

o Hematology testing kits
o Cardiometabolic monitoring kits
o Cardiac Markers Kits
o HbA1c Testing Kits
o Electrolytes Testing Kits
o Others

o Urinalysis Testing Kits
o Coagulation Monitoring Kits
o Tumor/Cancer Markers Testing Kits
o Cholesterol Test Strips
o Drugs of Abuse Testing Kits
o Fecal Occult Testing Kits
o Others (Calcium Assay Kits and Immunochemistry Kits)

BY END USER
o Professional diagnostic centers
o Hospitals/critical care centers
o Outpatient healthcare Setting
o Ambulatory care settings

o Research laboratories
o Home
o Others (Medical universities, Not-for-profit organizations, and Nursing homes)

BY MODE OF PRESCRIPTION
o Prescription based point of care diagnostics
o Over-the-counter (OTC) based point of care testing devices

By Geography
o North America
o Europe
o Asia Pacific
o LAMEA

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering regions such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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