Point of Care Diagnostics Market: New Product Development and Latest Industry Trends | Abbott, Johnson & Johnson Services, Bio Rad Laboratories, F. Hoffmann-La Roche, Siemens AG, BD, Danaher Corporation

The Insight Partners market research study titled ‘Point of Care Diagnostics Market to 2027 – Global Analysis and Forecasts by Product, Prescription Mode, and End User.

The major players operating in the point of care diagnostics market include F. Hoffmann-La Roche Ltd, Abbott, bioMérieux SA, Johnson & Johnson Services, Inc., Nova Biomedical, Siemens AG, Bio Rad Laboratories Inc., BD, Danaher Corporation, and PTS Diagnostics.

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The market has witnessed various organic as well as inorganic developments during recent years in the point of care diagnostics market. For instance, during April 2019, Bio-Rad Laboratories, Inc. received U.S. Food and Drug Administration (FDA) approval for its BioPlex 2200 Lyme Total Assay. This is an innovative multiplex test method for the diagnosis of Lyme disease. This development enhanced the product portfolio of the company and increased its customer bases on regional basis.

Growing Factors:

The market for point of care diagnostics is expected to grow, owing to factors such as increasing incidences of infectious diseases, product launches and product development and increasing number of CLIA-waived POC tests over the years. In In addition, the emerging markets in developing countries are likely to have a positive impact on the growth of the market in the coming years.

Key Benefits of Report:

- The report highlights the trends prevalent in the global point of care diagnostics market and the factors driving the market along with those that act as deterrents to its growth.

- There have been limited developments made in the point of care diagnostics market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of point of care diagnostics.

- The point of care diagnostics market by product was led by glucose monitoring products segment.

Point of Care Diagnostics Market: Regional analysis includes:

• Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

• Europe(Turkey, Germany, Russia UK, Italy, France, etc.)

• North America(the United States, Mexico, and Canada.)

• South America(Brazil etc.)

• The Middle East and Africa(GCC Countries and Egypt.)

Asia Pacific is the fastest growing geographic market and is expected to be the significant revenue contributor in forecast period. The region has witnessed several technological advancements in the field of healthcare by the incorporation of point of care diagnostics for increasing the efficiency of treatments in the region. There is a growing interest of international players in China and India, government support in countries such as China, and advancing healthcare infrastructure. Therefore, the region has huge potential for the point of care diagnostics market players to grow during the forecast period.

The report segments the global point of care diagnostics market as follows:

Global Point of Care Diagnostics Market – By Product

- Glucose Monitoring
- Infectious Disease Testing
- Cardiometabolic Testing
- Pregnancy And Fertility Testing
- Coagulation Testing
- Tumor/Cancer Marker Testing
- Cholesterol Testing
- Urinalysis Testing
- Hematology Testing
- Other POC Products

Global Point of Care Diagnostics Market – By Prescription Mode

- Prescription-Based Testing
- OTC Testin

Global Point of Care Diagnostics Market – By End User

- Professional Diagnostic Centers
- Home Care
- Research Laboratories

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Test Type Insights - The global point of care diagnostics market by product was led by glucose monitoring products segment. In 2018, the glucose monitoring products segment held a largest market share of the point of care diagnostics market. This segment is also expected to dominate the market in 2027 owing to the increasing diabetic patients.

Strategic Insights - There have been limited developments made in the point of care diagnostics market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of point of care diagnostics.

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