openPR Logo
Press release

Europe Market News 2018: Rising Cost of POCT Devices Is the Factor Which May Hinder The Growth Of This Market

02-26-2018 03:46 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Europe POCT Device Market 2024

Europe POCT Device Market 2024

Europe POCT Device Market is expected to reach USD 11,682.54 billion by 2024 from USD 6,051.05 billion in 2016, at a CAGR of 8.6% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Request for Free Sample Report @: http://databridgemarketresearch.com/request-a-sample/?dbmr=europe-poct-device-market

The major factors driving the growth of this market are the rising scope of POCT devices, advancement in technology, increasing incidence of chronic diseases, rising demand for self-testing point-of-care testing devices, decentralized laboratory testing, and technological advancements like microfluidic lab on a chip technology. These factors increase the demand for devices such as blood glucose meter, CRP, HBA1C, Homocystein. On the other hand, high costsare regulatory hurdles that may hinder the growth of the market.

Europe Point-of-care Testing (POCT) Market By Product (Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits, Infectious Disease Testing Kits, Cholesterol Testing Kits, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Cholesterol Test Strips, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits, & Others),By Prescription Mode (Prescription Based Testing & Over-The-Counter Testing),By Distribution Channel (Direct Tenders & Retail),By End User (Hospital, Clinics, Ambulatory Care, Home Healthcare, & Research Laboratory), By Country (Germany, United Kingdom, France, Spain, Italy, Russia, Turkey, Belgium, Nether lands, Switzerland, Rest of Europe) – Trends and Forecast to 2024

Inquire more about this report before purchase @ http://databridgemarketresearch.com/inquire-before-buying/?dbmr=europe-poct-device-market

Key Points:

The Europe point-of-care testing market report contains an in-depth profiling of the key market players, along with the recent developments (new product developments, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. For instance, in 2016, Health care giant Abbott Laboratories (U.S.) has acquiredAlere Inc. (U.S.), a diagnostics-testing company for USD 5.8 billion. The intent was to get access over Alere’s portfolio that would provide a quick diagnoses that would perform speedy test as well as can save the time and cost.
• Over-The-Counter testing market is growing with the highest CAGR.
• Globally Blood glucose testing kits is driving the market with highest market share. However, a tumor/cancer marker is growing with highest CAGR.
• Blood glucose testing kits is dominating the product type of Europe POCT device market.

Major Players:

Some of the major players operating in this market are Abbott Laboratories, Inc. (U.S.), Alere Inc. (U.S.), roche Diagnostics Limited (Switzerland), Siemens AG (Germany), Becton, Dickinson and Company (U.S.), Johnson & Johnson Services Inc. (U.S.), PTS Diagnostics (U.S.), Instrumentation Laboratory (U.S.), Nova Biomedical (U.S.), Beckman Coulter, Inc. (U.S.) and others.

Market Segmentation:

The Europe POCT device market is segmented on the basis of product type, prescription mode, distribution channel, end userand geography. The Europe POCT device market is segmented into twelve types, namely blood glucose testing kits, cardio metabolic monitoring kits, infectious disease testing kits, cholesterol testing kits, pregnancy and fertility tests kits, tumor/cancer markers, urinalysis testing kits, cholesterol test strips, hematology testing kits, drugs of abuse testing kits, fecal occult testing kits, rapid coagulation testing kits, and others. In 2017, the blood glucose testing kits segment is expected to dominate the market with a share of 26.2% and is expected to continue this trend till 2024.

Purchase Full Report @ http://databridgemarketresearch.com/reports/europe-poct-device-market/

Cardiometabolic monitoring kits are further segmented into cardiac markers, blood gas/electrolytes testing kits, HbA1c testing kits, and lipids testing. Also, infectious disease testing kits are further segmented into influenza testing kits, HIV testing kits, hepatitis C testing kits, sexually-transmitted diseases testing kits, tropical diseases testing kits, healthcare-associated infections), and respiratory infections testing kit. Cholesterol testing kits are further divided into prothrombin time testing kits and activated clotting time testing kit.

On the basis of prescription mode, the Europe point-of-care testing market is segmented into prescription based testing and over-the-counter (OTC) testing. The OTC testing is projected to witness higher growth rate of 9.2% during the forecast period to reach a value of USD 4,377.28 billion by 2024.
On the basis of distribution channel, the Europe point-of-care testing market is segmented into direct tenders and retail. In 2017, the direct tender market is expected to dominate the market with a value of USD 4.38 billion.

On the basis of end users, the Europe point-of-care testing market is segmented into hospital, clinics, ambulatory care, home healthcare, and research laboratory. Hospital segment is further categorized into emergency department critical-care unit, general ward, and others (intensive care unit, neo-natal). Also, clinic is segmented into physicians’ clinic and diagnostic clinic. In 2017, the hospital segment is expected to dominate with the market share of 32.8% and is expected to continue this trend till 2024.

Based on geography, the market is segmented into11 geographical regions, such as Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and rest of Europe.

Key Drivers:

Some of the major factors driving the market for rising scope of POCT devices, advancement in technology, increasing incidence of chronic diseases, rising demand for self-testing point-of-care testing devices, decentralized laboratory testing, and technological advancements like microfluidic lab on a chip technology. These factors increase the demand for devices such as blood glucose meter, CRP, HBA1C, Homocystein.
• Rising cost of POCT devices is the factor which may hinder the growth of this market.
• Many companies are making continuous efforts and advances to make products more up to date, along with propelled innovations with reduced sample volume or less blood on portable devices. So as to create development for in-vitro diagnostics organizations in the market.
• Emerging POCT device market as well as emergence of Microfluidic lab-on-a-chip technologies will drive the market in future.
Related Report

Global Transfection Reagents and Equipment Market – Industry Trends and Forecast to 2024

Global Transfection Reagents and Equipment Market By Product Type (Reagents, Equipments), By Method (Biochemical (Lipofection, Calcium Phosphate, Deae-dextran, Dendrimers), Physical (Electroporation, Nucleofection, Sonoporation, Genegun, Magnetofection, Optoinjection), Viral (Adenoviruses, Retroviruses, Adenoassociated viruses)), By Application (Biomedical Research (Gene Expression Studies, Cancer Research, Transgenic Models), Protein Production, Therapeutic Deliver), By End User (Pharmaceutical & Biotechnology Companies, Academics, Research Laboratories) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

http://databridgemarketresearch.com/reports/global-transfection-reagents-and-equipment-market/

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:
Vishal Dixit
Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sales@databridgemarketresearch.com
Investor: investors@databridgemarketresearch.com
Visit Blog http://databridgemarketresearch.com/blog/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Europe Market News 2018: Rising Cost of POCT Devices Is the Factor Which May Hinder The Growth Of This Market here

News-ID: 958213 • Views: 173

More Releases from Data Bridge Market Research

Web Hosting Services Market – Amazon Web Services, Inc.; AT&T Intellectual Pro …
In this Web Hosting Services Market report, a scrupulous investment analysis is given which forecasts forthcoming opportunities for the market players. This market report is the outcome of incessant efforts guided by knowledgeable forecasters, innovative analysts and brilliant researchers. They work with respect to detailed and diligent research on different markets, trends and emerging opportunities in the consecutive direction for the business needs. Businesses can confidently use the data, statistics,
Luxury Folding Carton Market 2019 Top Players are | Smurfit Kappa, DS Smith, Don …
Global Luxury Folding Carton Market is expected to rise to an estimated value of USD 2.85 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increased demand for marketable packaging products from the various end-users along with better shelf-appeal of the product which results in larger customer engagement. Get Sample Analysis of This Market Information at https://databridgemarketresearch.com/request-a-sample/?dbmr=global-luxury-folding-carton-market
Rice Protein Based Infant Formula Market 2019 with Top Competitors Nucitec SA de …
Global Rice Protein Based Infant Formula Market is projected to register a substantial CAGR of 5.9% in the forecast period of 2019 to 2026. Infant formula refers to the food products that are used by the infants during their first months of life providing nutritional requirements until the introduction of appropriate complementary feeding. These infant formulas were available only through physicians when it first appeared during the late 1800s. In 1950s,
Automatic Emergency Braking Market Future Projections and competitive Landscape …
Global Automatic Emergency Braking Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of automatic emergency braking market for global, Europe, North America, Asia-Pacific and South America. Global Automatic Emergency Braking Market Major Competitors Autoliv Inc., Robert Bosch GmbH, Continental AG, Delphi Technologies,

All 5 Releases


More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining