Europe Point-of-Care-Testing (POCT) Market Would Rocket up to US$ 13,085.33 Million by 2029

Europe Point-of-Care-Testing (POCT) market underlines the market size, regional changing trends, emerging new prospects for market growth rate and production value estimation to 2029. This industry report is a great resource which provides current and upcoming technical and financial details of the industry. This business research report is a careful investigation of current scenario of the market and future estimations which covers several market dynamics. The report serves the analysis of the global market share, segmentation, revenue growth estimation and geographic regions of the market. The winning Europe Point-of-Care-Testing (POCT) market report provides top to bottom analysis and estimation of various market related factors that plays a key role in better decision making.

Comprehensive and all-inclusive market study performed in the significant Europe Point-of-Care-Testing (POCT) report offers current and forthcoming opportunities to shed light on the future market investment. Also, with the systematic and wide-ranging market research study, this business report provides the facts associated with any subject in the field of marketing for healthcare industry. The meticulous competitor analysis covered in this report aids businesses to gauge or analyse the strengths and weak points of the competitors which helps build superior business strategies for their own product. Europe Point-of-Care-Testing (POCT) market report helps define commerce strategies to the businesses of small, medium as well as large size.

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Key Market Players mentioned in this report:

Siemens Healthcare GmbH
Hoffmann-La Roche Ltd
Quidel Corporation Trividia Health, Inc.
Nova Biomedical
PTS Diagnostics
Trinity Biotech
LumiraDx
Sekisui Diagnostics
Chembio Diagnostics

Key Market Analysis and Insights:

The point of care testing (POCT) is characterized as testing which can be done in close proximity to the patient where a medical decision can be made immediately including the results and monitoring. Increased prevalence of infectious and chronic diseases, improved diagnosis seeking-rate and rising preference for homecare testing are some of the major drivers driving the market growth.

However, lack of alignment with test results obtained from laboratories, high cost and lack of trained staff are some of the challenges hampering the market growth.

Europe point of care testing (POCT) market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 8.8% in the forecast period of 2022 to 2029 and is expected to reach USD 13,085.33 million by 2029.

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Europe Point-of-Care-Testing (POCT) Market Scope and Market Size

Europe point of care testing (POCT) market is segmented into product, application, end user, mode of testing and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Product

Instruments
Consumables & Reagents
Others

Application

Blood Glucose
Cardiac Monitoring
Coagulation
Whole Blood Analysis
Vital Sign Monitoring
Infectious Disease Testing
Urine Analysis
Cholesterol Testing
Others

End User

Laboratories
Hospitals
Clinics
Ambulatory Centers
Home Care
Assisted Living Facilities
Pharmacies/Drug Stores
Others

Mode of Testing

Prescription-Based Testing
OTC Testing

 Distribution Channel

Direct Sales
Third Party Distributor
Online Sale

Europe Point-of-Care-Testing (POCT) Market, By Region:

Europe Point-of-Care-Testing (POCT) market is analyzed and market size insights and trends are provided by country, product as referenced above.

The countries covered in the Europe Point-of-Care-Testing (POCT) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the Europe Point-of-Care-Testing (POCT) market because of the rise in the cases of arrhythmic diseases, favorable reimbursement policies for patients, high demand for advanced treatment methods and developed healthcare infrastructure in the region. Asia-Pacific is estimated to grow in the forecast period due to the high prevalence of cardiovascular diseases, increase in adoption of advanced digital devices, large population and launch of new innovative products.

What are the market opportunities, market risks, and market overviews of the Europe Point-of-Care-Testing (POCT) Market?

Who are the distributors, traders, and merchants in the Europe Point-of-Care-Testing (POCT) Market?
What is the analysis of sales, income, and prices of the leading manufacturers in the Europe Point-of-Care-Testing (POCT) Market?
What are the Europe Point-of-Care-Testing (POCT) market opportunities and threats faced by the Europe Point-of-Care-Testing (POCT) Market vendors?
What are the main factors driving the worldwide Europe Point-of-Care-Testing (POCT) Industry?
What are the Top Players in Europe Point-of-Care-Testing (POCT) industry?
What is the analysis of sales, income, and prices by type, application of the Europe Point-of-Care-Testing (POCT) market?
What is regional sales, income, and price analysis for Europe Point-of-Care-Testing (POCT) Market?

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Europe Point of Care Testing (POCT) Market Dynamics

Drivers

Increasing prevalence of infectious and chronic diseases

The prevalence of infectious and chronic diseases such as cancer, diabetes and cardiovascular disorder is rapidly increasing across Europe. According to the World Health Organization (WHO), the contribution of chronic diseases was about 60% which accounted for the number of deaths. In Europe, the major reason behind the increasing number of chronic diseases is the increasing number of geriatric population. These increasing rates of the diseases are directly proportional to the market growth of POCT devices as they are used in the diagnosis of almost all diseases. We also know that as health degeneration begins with aging, the rate of chronic diseases and factors associated with them also increase with time. However, with increase in disease rate, the healthcare system and status of health is also improving due to awareness and adoption of POCT devices that help in the diagnosis of multiple chronic diseases thereby, driving the market growth.

For instance,

In October 2017, according to a report published in Springer, 85% of deaths in the European Union (EU) were due to chronic diseases including cancer, cardiovascular disease, chronic respiratory disease, diabetes and mental illness

The growing incidences of chronic diseases in Europe with conditions like cancer, asthma and heart disease among others have improved the usage and awareness about early diagnosis of diseases. This awareness made people buy more healthcare premiums including whole body check-ups regularly that includes almost all the tests. At the same time, the population of chronic diseases is rapidly increasing.

 Thus, a major surge in the prevalence of chronic diseases will be acting as a major driver for the market growth as POCT devices can effectively manage the disorder and provide better comfort and treatment for monitoring whenever needed.

Key points covered in the report:

The pivotal aspect considered in the Europe Point-of-Care-Testing (POCT) market report consists of the major competitors functioning in the global market.
The report includes profiles of companies with prominent positions in the global market.
The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
The driving factors for the growth of the Europe Point-of-Care-Testing (POCT) market are thoroughly explained along with in-depth descriptions of the industry end users.
The report also elucidates important application segments of the global market to readers/users.
This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts. The experts also evaluate the export/import policies that might propel the growth of the Europe Point-of-Care-Testing (POCT) Market.
The Europe Point-of-Care-Testing (POCT) Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.

Table of Contents: Europe Point-of-Care-Testing (POCT) Market

1 Introduction
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Europe Point-of-Care-Testing (POCT) in Healthcare Industry
7 Europe Point-of-Care-Testing (POCT) Market, by Product Type
8 Europe Point-of-Care-Testing (POCT) Market, by Modality
9 Europe Point-of-Care-Testing (POCT) Market, by Type
10 Europe Point-of-Care-Testing (POCT) Market, by Mode
11 Europe Point-of-Care-Testing (POCT) Market, by End User
12 Europe Point-of-Care-Testing (POCT) Market, by Geography
13 Europe Point-of-Care-Testing (POCT) Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports

Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=europe-poct-market

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