Global Point-Of-care diagnostics Market (COVID - 19 Updates) 2020-2027 Research Report | Know The Growth Factors and Future Scope

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Market Analysis: Global Point-Of-care diagnostics Market

Global Point-Of-care diagnostics Market is expected to rise from its initial estimated value of USD 8.57 billion in 2018 to an estimated value of USD 17.20 billion by 2026, registering a CAGR of 9.1% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing adoption of home-based diagnostic tests and POC testing devices in the home-care

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Competitive Analysis:

Global point-of-care diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of point-of-care diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the point-of-care diagnostics market. are F.Hoffmann-La Roche Ltd, Siemens, Abbott ., Beckman Coulter, Inc., BDUS), Johnson & Johnson Services, Inc. (US), Alere Inc. (US), Instrumentation Laboratory (US), PTS Diagnostics (US), Abaxis . (US), Medtronic (Ireland), Accriva Diagnostics (US), OPTI Medical (US), Sienco, Inc. (US),  Alpha Scientific (US), AccuBioTech Co. , Ltd. (CHINA), ACON Laboratories, Inc. (US), Acrongenomics, Inc. (Canada), bioMérieux SA, (France) Biomerica, Inc (US)., Atlas Genetics Ltd (UK)., Alfa Scientific Designs, Inc(US)., Bio-Rad Laboratories, Inc.(US), Medica Corporation(US), and Nova Biomedica (US), among others.

Market Definition: Global Point-Of-care diagnostics Market

Point-Of-Care diagnostics are the techniques used for early and quick diagnosis of diseases. These techniques are highly sensitive, cost-effective, and produce results in minimal time frame. These diagnostics techniques are used hospital, clinics, ambulatory care, home healthcare, and research laboratory.

According to World Health Organization, there were an estimated Approximately 16.0 million (1.0%) disability and 1.7 million (2.8%) of deaths worldwide are attributable to low fruit and vegetable consumption  almost more than half of these deaths could have been avoided with the availability of proper healthcare procedures. This significant number is expected to act as a driver to the market growth.

Market Drivers

Increasing adoption of home-based diagnostic tests and POC testing devices in the home-care, this factor is expected to act as a driver for the market growth

Market Restraints

Lack of confidence over the various point-of-care diagnostics products due to the product recalls from the various market competitors, this factor is expected to act as a restraint to the market growth

Segmentation: Global Point-Of-care diagnostics Market

By Product
Glucose Monitoring Products
Strips
Meters
Lancets & Lancing Device
Cardiometabolic
Cardiac Marker
Blood Gas/Electrolytes
HBA1C
Infectious Disease
Influenza
HIV
Hepatitis C
Sexually Transmitted Disease (STD)
Healthcare-Associated Infection (HAI)
Respiratory Infection
Tropical Disease
Other Infectious Disease
Coagulation
PT/INR
Activated Clotting Time (ACT/APTT)
Pregnancy and Fertility
Pregnancy test
Fertility test
Tumor/Cancer Marker
Urinalysis
Cholesterol
Hematology
Drugs-of-Abuse
Fecal Occult
Other POC Products
By Platform
Lateral Flow Assays (Immunochromatography tests)
Dipsticks
Microfluidics
Molecular Diagnostics
Immunoassays
By Prescription
Prescription-Based Testing
OTC Testing
By End User
Professional Diagnostic Centers
Clinical Laboratories, Outpatient Healthcare & Ambulatory Care Settings
Hospitals/Critical Care Centers
Home Care
Research Laboratories
Other End Users

Key Developments in the Market:

In July 2017, Siemens Healthiness acquire Epocal Inc., a subsidiary of Alere Inc. Epocal Inc. develops and provides point-of-care blood diagnostic systems for healthcare enterprises.
In July 2017 Quidel Acquired Alere Triage MeterPro. acquisition has given Quidel diversification by seasonality and geographic point-of-care market.

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Reasons to Purchase this Report

Current and future of global point-of-care diagnostics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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