Global POC Molecular Diagnostics Market 2017 to 2021 – Analysis of Abbott, bioMérieux, Danaher, and F. Hoffmann-La Roche

MarketResearchNest.com adds “Global POC Molecular Diagnostics Market 2017-2021” new reports to its research database. The report spread across 113 pages with tables and figures in it.

The analysts forecast the global POC molecular diagnostics market to grow at a CAGR of 12.83% during the period 2017-2021. POC molecular diagnostics help in identification, treatment, and prevention of infectious diseases, oncology, hematology, and prenatal diseases. The demand for POC molecular diagnostic products is increasing owing to the highly developed technologies, which are used to detect and amplify deoxyribonucleic acid (DNA)/RNA. The major factor driving the growth of this market is the increasing prevalence of pandemic diseases such as Ebola and Zika. Based on the reports by the Centers for Disease Control and Prevention (CDC) in March 2016, in Guinea and Liberia (Africa), 13 cases of Ebola were reported whereas more than 1,200 population came into contact with the virus.

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Researcher recognizes the following companies as the key players in the global POC molecular diagnostics market: Abbott, bioMérieux, Danaher, and F. Hoffmann-La Roche.

Other Prominent Vendors in the market are: Agilent Technologies, Akonni Biosystems, altona Diagnostics, Atlas Genetics, BD, Bionano Genomics, BJS Biotechnologies, Certest Biotec, Co-Diagnostics, Devyser, Diagenode, DiaSorin, ExcitePCR, genedrive, GenePOC, iCubate, Illumina, Merck, Meridian Bioscience, Mesa Biotech, Micronics, Nanobiosym, NeoGenomics, Nimagen, Novigenix, OraSure Technologies, Oxford Nanopore Technologies, PathoQuest, PierianDx, Precision System Science, QuantuMDx, Randox Laboratories, SCIENION, Seegene, SpeeDX, Sysmex, and Xagenic.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing focus on next-generation products. The increasing focus on developing next-generation products in the field of POC molecular diagnostics will lead to the increasing adoption of those products. The advances in technology will decrease the workload of end-users and help in offering results within limited time.”

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According to the report, one driver in the market is increased companies' participation in conferences to showcase their products. Companies that provide accurate and appropriate POC molecular diagnostic products are focusing on participating in conferences and events, which help them to showcase their products. The rising participation in such type of events provides an insight into the latest trends that pertain in the global POC molecular diagnostics market. It also provides a perception of latest technology, which enables the POC products for molecular diagnosis to carry out the test more efficiently.

Further, the report states that one challenge in the market is low adoption among healthcare providers. The cost of analyzers and assays (POC molecular diagnostics) are high, which hinders the growth of the global POC molecular diagnostics market, as it reduces the adoption rate among healthcare providers. Healthcare providers, particularly in rural areas depend on laboratory-based molecular testing. The other factor that leads to the low adoption of POC molecular diagnostic products within the healthcare providers is the minimal reimbursements.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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