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Point-of-care Diagnostics Market to be fueled up significantly by the Rise in Geriatric Population

12-05-2017 06:53 AM CET | Politics, Law & Society

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Point-of-care Diagnostics Market to be fueled up significantly

Point-of-care Diagnostics Market 2016 - 2024 : Innovation and technological advancement will remain imperative to all the companies in the global market" has declared the addition of a new market research report to its detailed repository. The research publication is titled, “Point-of-care Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024”. The market explores the vastness of the general market focusing on the future scenario, and best in class progressions, close by both positive and negative points of view on the change of the market. An extensive examination of the market growth that comprises of market drivers, restraints and openings is included into the space of the report. Besides, the report fuses potential scopes in the point-of-care diagnostics market on the worldwide and nearby level. Market progress are the factors which influence the market advancement, in like manner understanding the consistent patterns of the overall market. In this way, the report gives the figure of the overall market for the period from 2016 to 2024, nearby offering an extensive points of interest of the global point-of-care diagnostics market.

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Increment in predominance of different unending and irresistible sicknesses, for example, hepatitis heart illnesses, gastrointestinal, cancer, sexually transmitted ailments (STDs), and respiratory ailments, act as an essential part in the development of the worldwide point of care diagnostics market of the overall industry. Additionally, changes in way of life styles likewise cause a few medicinal conditions, for example, hypertension, diabetes, and heaviness, which require point of care diagnostics gadgets for their monitoring and diagnosis.

For example, as indicated by the American Heart Association, cardiovascular ailments are one of the main sources of death around the world, representing 17.3 million people each year and anticipated to develop more than 23.6 million by 2030. Additionally, as per the World Health Organization (WHO), in 2012, 14.1 million new instances of tumor were accounted for and are required to achieve 15.5 million by 2030. Along these lines, this expansion in prevalence of various infectious and chronic sicknesses powers the interest for POC diagnostics equipments and in this way will drive the point of care diagnostics market development.

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Based on product type, the point-of-care diagnostic market has been segmented into flow-through test, agglutination assay test, lateral flow assay test, and solid phase assay test. On the basis of cholesterol monitoring, fertility and pregnancy test, infectious disease test, blood glucose test, and substance abuse test. As per the end-users, the global point-of-care diagnostic market is divided into homecare settings, clinics, hospitals, diagnostic centers. In terms of geographical regions, the market is divided into Europe, North America, Latin America, Asia Pacific and the Middle East and Africa. The regions are additionally fragmented into significant nations which incorporate, Italy, U.K., Rest of Latin America, rest of Europe, Canada, U.S., China, India, Germany, France, Spain, Japan, Australia, Brazil, Saudi Arabia, Rest of Asia Pacific, Mexico, and Rest of Middle East and Africa South Africa. Among North America accounts for the largest amount of shares in the entire market.

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The position is followed by Europe. Nevertheless, Asia Pacific region is anticipated to grow at a significant CAGR in the coming years. Several contributing factors such as increase in the amount of geriatric population, initiatives taken by government bodies, awareness programs conducted, increase in the number of acquisitions and mergers among point-of care service givers are the ones that are fueling the market. The key players such as Abbott Laboratories, Dickinson & Company, Bio-Rad Laboratories, Inc., Alere Inc., Becton, F. Hoffmann La Roche Ltd., Trinity Biotech which are working on coming up with latest innovation in the concerned sectors.

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