Point of Care Technology Business Trends That Will Drive Success In 2023

The Global Point of Care Technology Market is growing with the rapid pace; mainly due the burgeoning Healthcare Sector. According to a recent study report published by the Market Research Future, The global Point of Care Technology Market is booming and expected to gain prominence over the forecast period.
Point of Care Technology Market Information: By Type of Products (Glucose Testing, Cardiac Markers, Hba1c Testing, Coagulation and others), and By End Users (Clinics, Hospital, Home Care, Ambulatory Care) - Global Forecast Till 2023
Point-of-care testing allows patient diagnosis, in an ambulance, the home, the field, or in the hospital. The results of care are timely, and allow rapid treatment to the patient. Point of care technology market is growing rapidly due to the evolving healthcare industry, especially in developing nations. The major factors that propel the growth of the market are development in diagnostics, patients with chronic diseases, increasing growth in medical technology, and other uses of point of care technology. Moreover, increasing investment in research and development among the developed countries will also boost the growth of the market positively during the forecast period. Furthermore, advancement of diagnostic laboratories and adoption of automated lab systems, is likely to fuel the growth of the market. On the other hand, complexity of documentation and investment cost involved in this type of care technology, may hinder the growth of the market during the forecasted period.
The global point of care technology market is expecting a healthy growth at a CAGR of 9.5% during forecast period.
Key Players in the Global Point of Care Technology Market
Some of the key players in this market are Abbott (U.S.), Johnson & Johnson Services, Inc.(U.S.), Techno MedicaCo., Ltd. (Japan), F. Hoffmann-La Roche Ltd. (Switzerland), Siemens AG (Germany), Alere Inc. (U.S.), Instrumentation Laboratory (U.S.), PTS Diagnostics (U.S.), Nova Biomedical (U.S.), Beckman Coulter, Inc. (U.S.) BD (U.S.), Quidel Corporation (U.S), Meridian Bioscience, Inc. (U.S).
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The global point of care technology is segmented by type of products, and end users.
On the basis of type of product, it is segmented into glucose testing, cardiac markers, HbA1c testing, and coagulation, and others.
On the basis of end users, it is segmented into clinics, hospital, home care, ambulatory care, and others.
Research Methodology
Source: World Health Organization, Centers for Disease Control and Prevention, European Society of Clinical Microbiology and Infectious Diseases, U.S. National Library of Medicine, National Organization for Rare Disorders, The American Autoimmune Related Diseases Association, The International Society for Human and Animal Mycology, Expert Interview Market Research Future Analysis, Annual report, White paper, Company Presentation
Regional Analysis of the Global Point of Care Technology Market
On the regional basis, the market is segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas own a significant share in the global market as a result of huge investment and its strong economic conditions which favor the research and development of the healthcare sector. Increasing number of surgeries along with rising demand for point of care technology products is predicted to boost the growth of the market.
Europe is the second largest point of care technology market followed by Asia Pacific on account of growing importance of research in healthcare sector which inturn is increasing investment in research and development activities. Asia Pacific market shows the fastest growth due to increasing prevalence of communicable diseases and demand for more diagnostics. Additionally, India and China have started investing in research and development of healthcare domain.
The Middle East & Africa holds the least share in the global point of care technology market since poor economic condition and less development in medical facilities.
Table Of Contents

1 Report Prologue
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Market Factor Analysis
6. Global Point Of Care Technology Market, By Type Of Products
7. Global Point Of Care Technology Market, By End Users
8. Global Point Of Care Technology Market, By End Users
9. Global Point Of Care Technology Market, By Region
10 Competitive Landscape
11 Company Profile
12 Conclusion
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