Point Of Care Diagnostics & Testing Market Emerging Factors, Future Demands and forecast 2021-2031 | Danaher, BD , Qiagen

Point of care (POC) or bedside testing is medical testing performed at or near the site of patient care, instead of sending the patient to a central laboratory for testing. POC testing is usually performed with rapid tests that can provide results in minutes, allowing the clinician to make decisions about treatment while the patient is still in the office or hospital.

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Key Trends

The key trends in Point Of Care Diagnostics & Testing technology are:

Increased accuracy and precision: With advances in technology, point-of-care diagnostic tests are becoming more accurate and precise. This is especially important for tests that are used to diagnose serious conditions such as cancer or heart disease.

Increased speed: Point of care diagnostic tests are also becoming faster, with some tests providing results in just a few minutes. This is important for patients who need quick results, such as those who are experiencing a heart attack or stroke.
Increased availability: Point-of-care diagnostic tests are becoming more widely available, with more tests being approved for use by the FDA each year.

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Key Drivers

Some of the key drivers of the point-of-care diagnostics and testing market include the increasing prevalence of chronic diseases, the rising demand for early disease detection, and the growing preference for home-based testing.

The prevalence of chronic diseases is increasing globally due to the changing lifestyle and the growing aging population. This has led to the demand for early disease detection and the need for frequent monitoring of these diseases.

The rising demand for home-based testing is another key driver of the point-of-care diagnostics and testing market. Home-based testing is convenient and helps in avoiding the hassle of visiting a healthcare facility for testing.

The point-of-care diagnostics and testing market is also driven by the increasing adoption of these tests by healthcare professionals. The tests offer accurate and timely results, which helps in the early diagnosis and treatment of diseases.

Restraints & Challenges

There are a few key restraints and challenges in the Point Of Care Diagnostics & Testing market.

Firstly, the costs associated with these tests can be prohibitive for some patients.

Secondly, there can be a lack of awareness of these tests among patients and doctors, leading to missed opportunities for early diagnosis and treatment.

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Market Segments

The point of care diagnostics and testing market is segmented by product, end-use, and region. By product, the market is classified into glucose testing, coagulation testing, infectious disease, and others. Based on end-use, it is bifurcated into clinics, hospitals, homes, laboratories, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global point of care diagnostics and testing market includes players such as Danaher, BD Inc, Qiagen, Abbott, Siemens Healthcare AG, BioMerieux SA, Zoetis, Inc., Instrumentation Laboratory, Nova Biomedical, and Quidel Corp.

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