Global Point-Of-care diagnostics Market By Product(Glucose, Cardio metabolic, Infectious Disease, Influenza, HIV, Hepatitis C, Sexually Transmitted Disease (STD), Healthcare-Associated Infection (HAI) , Respiratory Infection , Tropical Disease, Other Infectious Disease, Coagulation, PT/INR Activated Clotting Time (ACT/APTT), Pregnancy and Fertility, Tumor/Cancer Marker, Urinalysis, Cholesterol, Hematology, Drugs-of-Abuse, Fecal Occult, Other POC Products), Platform (Lateral Flow Assays (Immunochromatography Tests), Dipsticks, Microfluidics, Molecular Diagnostics, Immunoassays) Prescription (Prescription-Based Testing, OTC Testing), End User (Professional Diagnostic Centers (Clinical Laboratories, Outpatient Healthcare & Ambulatory Care Settings, Hospitals/Critical Care Centers, Home Care, Research Laboratories, Other End Users), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026
Market Analysis: Global Point-Of-care diagnostics Market
Global Point-Of-care diagnostics Market is expected to rise from its initial estimated value of USD 8.57 billion in 2018 to an estimated value of USD 17.20 billion by 2026, registering a CAGR of 9.1% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing adoption of home-based diagnostic tests and POC testing devices in the home-care
Market Definition: Global Point-Of-care diagnostics Market
Point-Of-Care diagnostics are the techniques used for early and quick diagnosis of diseases. These techniques are highly sensitive, cost-effective, and produce results in minimal time frame. These diagnostics techniques are used hospital, clinics, ambulatory care, home healthcare, and research laboratory.
According to World Health Organization, there were an estimated Approximately 16.0 million (1.0%) disability and 1.7 million (2.8%) of deaths worldwide are attributable to low fruit and vegetable consumption almost more than half of these deaths could have been avoided with the availability of proper healthcare procedures. This significant number is expected to act as a driver to the market growth.
- Increasing adoption of home-based diagnostic tests and POC testing devices in the home-care, this factor is expected to act as a driver for the market growth
- Lack of confidence over the various point-of-care diagnostics products due to the product recalls from the various market competitors, this factor is expected to act as a restraint to the market growth
Key Developments in the Market:
- In July 2017, Siemens Healthiness acquire Epocal Inc., a subsidiary of Alere Inc. Epocal Inc. develops and provides point-of-care blood diagnostic systems for healthcare enterprises.
- In July 2017 Quidel Acquired Alere Triage MeterPro. acquisition has given Quidel diversification by seasonality and geographic point-of-care market.
Global point-of-care diagnostics 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 point-of-care diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Benign Prostatic Hyperplasia Devices
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Key Market Competitors:
Few of the major competitors currently working in the point-of-care diagnostics market. are F.Hoffmann-La Roche Ltd (Switzerland) ., Siemens (Germany), Abbott (US) ., Beckman Coulter, Inc (US)., BDUS), Johnson & Johnson Services, Inc. (US), Alere Inc. (US), Instrumentation Laboratory (US), PTS Diagnostics (US), Abaxis . (US), Medtronic (Ireland), Accriva Diagnostics (US), OPTI Medical (US), Sienco, Inc. (US), Alpha Scientific (US), AccuBioTech Co. , Ltd. (CHINA), ACON Laboratories, Inc. (US), Acrongenomics, Inc. (Canada), bioMérieux SA, (France) Biomerica, Inc (US)., Atlas Genetics Ltd (UK)., Alfa Scientific Designs, Inc(US)., Bio-Rad Laboratories, Inc.(US), Medica Corporation(US), and Nova Biomedica (US), among others.
Research Methodology: Global Point-Of-care diagnostics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report
- Current and future of global point-of-care diagnostics market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
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