Point-of-care (POC) Diagnostics Market to Witness Huge Growth | F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Abbott Laboratories

Point-of-care testing (POCT or bedside testing) is defined as medical diagnostic testing at or near the point of care—that is, at the time and place of patient care. This contrasts with the historical pattern in which testing was wholly or mostly confined to the medical laboratory, which entailed sending off specimens away from the point of care and then waiting hours or days to learn the results, during which time care must continue without the desired information.

Point-of-care tests are simple medical tests that can be performed at the bedside. In many cases, the simplicity was not achievable until technology developed not only to make a test possible at all but then also to mask its complexity. For example, various kinds of urine test strips have been available for decades, but portable ultrasonography did not reach the stage of being advanced, affordable, and widespread until the 2000s and 2010s. Today, portable ultrasonography is often viewed as a "simple" test, but there was nothing simple about it until the more complex technology was available. Similarly, pulse oximetry can test arterial oxygen saturation in a quick, simple, noninvasive, affordable way today, but in earlier eras this required an intra-arterial needle puncture and a laboratory test; and rapid diagnostic tests such as malaria antigen detection tests or COVID-19 rapid tests that rely on a state of the art in immunology that did not exist until recent decades. Thus, over decades, testing continues to move toward the point of care more than it formerly had been. A recent survey in five countries (Australia, Belgium, the Netherlands, the UK and the US) indicates that general practitioners / family doctors would like to use more POCTs.

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The research report included company Competitors’ top sellers profiles, their data, deals income, revenue share, deal volume, and purchaser volume is equally specified. the factors affecting the leading industry players to adopt synthetic sourcing of the market products have also been studied in this statistical surveying report. The conclusions provided in this report are of great value for the leading industry players. Every organization partaking in the global production of the Point-of-care (POC) Diagnostics market products have been mentioned in this report, in order to study the insights on cost-effective manufacturing methods, competitive landscape, and new avenues for applications. The report is molded by tracking market performance since 2015 and is one of the most detailed reports

Some are the key players taken under coverage for this study are: F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Abbott Laboratories, Quest Diagnostics Incorporated, BD, bioMérieux SA, Cardinal Health Inc., Mesa Biotech, Cepheid, Trinity Biotech, Quidel Corporation, Bio-Rad Laboratories Inc.

This report also researches and evaluates the impact of Covid-19 outbreak on the Point-of-care (POC) Diagnostics industry, involving potential opportunity and challenges, drivers and risks. We present the impact assessment of Covid-19 effects on Point-of-care (POC) Diagnostics and market growth forecast based on different scenario (optimistic, pessimistic, very optimistic, most likely etc.).

Market segmentation

Point-of-care (POC) Diagnostics market is split by Type and by Application. the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Research Methodology used by our research team:

Point-of-care (POC) Diagnostics business report has used top-down and bottom-up approach to make a complete report on Point-of-care (POC) Diagnostics market. Further, it has used reliable data from trusted sources to evaluate and validate the size of the entire market along with its sub-markets. In order to make Point-of-care (POC) Diagnostics market report more effective and consistent, our research team has conducted some primary research by interviewing some key sources of supply chain. This provide us with qualitative and quantitative information. Our key sources are industry participants, subject matter specialists from key companies, and consultants from several major companies and organizations involved in this report.

Why should you invest in Point-of-care (POC) Diagnostics Business?

If you are aiming to enter the Point-of-care (POC) Diagnostics business, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Point-of-care (POC) Diagnostics are covered in this report and information is given on the important regions of the world where this market is likely to boom during the upcoming years, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as business leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

In conclusion, the Point-of-care (POC) Diagnostics Market report is a reliable source for accessing the research data that is projected to exponentially accelerate your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis is also incorporated in the report along with speculation attainability investigation and venture return investigation.

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