Impact Of COVID-19 Outbreak On Point of Care Molecular Diagnostics Market 2020:Growth Analysis By Meridian Bioscience, Inc., Mesa Biotech, Inc, GenePOC Inc., Spartan Bioscience Inc., Biocartis, Siemens Healthcare Private Limited, BD, Bio-Rad Laboratories,

Point of care molecular diagnostics market is expected to reach a market value of USD 5.12 billion by 2027 growing at a CAGR of 12.9% in the forecast period of 2020-2027. The growing awareness regarding the testing methods among patients has been directly impacting the growth of point of care molecular diagnostics market.

Point of Care Molecular Diagnostics market research report makes available the market insights about the business scenario with which better business strategies can be built to thrive in the Medical Devices industry. According to this market report, global market is supposed to witness a moderately higher growth rate during the forecast period. This renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers and acquisitions. This also leads to change the view of the global face of the Medical Devices industry. The data of this Point of Care Molecular Diagnostics report is represented with the tables, charts and graphs for better understanding.

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The major players covered in point of care molecular diagnostics market report are Abbott, Danaher., bioMérieux SA, F. Hoffmann-La Roche Ltd, Quidel Corporation, Meridian Bioscience, Inc., Mesa Biotech, Inc, GenePOC Inc., Spartan Bioscience Inc., Biocartis, Siemens Healthcare Private Limited, BD, Bio-Rad Laboratories, Inc., Cepheid, Abaxis, OraSure Technologies, Inc., Sysmex Corporation, Thermo Fisher Scientific Inc., VIRCELL S.L., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Point of Care Molecular Diagnostics Market Drivers:

The growing awareness regarding the testing methods among patients has been directly impacting the growth of point of care molecular diagnostics market.

Increasing occurrence of infectious and respiratory diseases, surging geriatric population across the globe, rising demand of home health care facilities along with advanced products, increasing expenditure from government and private institutions, growing focus on decentralised diagnosis are some of the factors that will enhance the growth of the point of care molecular diagnostics market in the forecast period of 2020-2027.

On the other hand, few factors that will create opportunities for the growth of the market are increasing growth of POC molecular diagnosis in emerging countries such as India, China and Brazil along with rising research and development activities in molecular diagnosis.

Lack of reimbursement policies and stringent rules and regulations along with increasing procedure costs are act as market restraints for point of care molecular diagnostics market in the above mentioned forecast period.

Segmentation:Global Point of Care Molecular Diagnostics Market

Point of care molecular diagnostics market is segmented on the basis of product & services, technology, test location, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.

Based on product & services, point of care molecular diagnostics market is segmented into assays & kits, instruments/analyzers, software & services.

Point of care molecular diagnostics market has also been segmented based on the technology into PCR-based, genetic sequencing-based, hybridization-based, microarray-based, INAAT and others.

Based on test location, point of care molecular diagnostics market is segmented into OTC and POC.

Based on application, point of care molecular diagnostics market is segmented into respiratory diseases, sexually transmitted diseases, hospital-acquired infections, oncology, hepatitis, hematology, prenatal testing, endocrinology and others.

Based on end-user, point of care molecular diagnostics market is segmented into physician offices, hospital emergency departments & intensive care units, research institutes, home-care, decentralized labs, assisted living healthcare facilities and others.

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