The point of care diagnostics market is poised to grow at a moderately healthy rate going forward. Point-of-care diagnostics offer a quick, convenient, and cost-effective way to diagnose diseases at healthcare centers and hospitals. Growth in the PoC diagnostics market largely stems from factors such as an uptick in infectious diseases, an increased number of older people worldwide and a general awareness about timely healthcare.
This report meticulously studies the market and its various sub-segments to emerge with answers about factors critical to success in the PoC diagnostics market. Highlights of the report include: a study of the most current market trends, drivers, opportunities and restraints in the market, and an analysis of the competitive scenario in the market.
The data-driven findings are put into perspective by our expert analysts to give our clients a clear picture of the road ahead in the point of care diagnostics market. Projections for the future are based on industry-leading research databases, forecasting techniques, interviews with industry thought leaders and more.
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Overview of the Point of Care Diagnostics Market
Point of care diagnostics (PoC diagnostics) is a term collectively used for diagnostic procedures and tests performed on-site. As compared to conventional in-laboratory tests, PoC diagnostics carry the advantage of speed and convenience without compromising on reliability. The speed factor, especially, is the greatest strength of PoC diagnostics because faster diagnosis facilitates faster patient management. PoC diagnostics help bring down the need for sophisticated diagnostic systems for blood tests, urine tests, and other diagnostic procedures.
The PoC diagnostics market is currently at a fairly developed stage as it is composed of numerous products. Many advanced point of care diagnostic products are on the anvil. But, more than new and advanced PoC devices, the real need currently is for inexpensive solutions that can be deployed in regions where infectious diseases have high prevalence. In developing regions, these tests are key to offsetting the lack of adequate laboratory capacity. This is the greatest opportunity that can be harnessed by market players.
While there is little to argue about the untapped opportunities that abound in the global point of care diagnostics market, there still exist certain market restraints that players need to overcome. The sheer effort and co-ordination required among healthcare centers, practitioners, researchers and product manufacturers is the greatest deterrent to the growth of the point of care diagnostics market. The report discusses how these restraints could be overcome.
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The report classifies the point of care diagnostics market by prime technologies such as: Biosensors, continuous testing, electrodes, rapid HIV tests, patent analysis and drug testing. By product type, the PoC diagnostics market is classified as: Pregnancy and fertility diagnosis systems, blood glucose monitoring systems, drug and alcohol analysis systems, blood chemistry and electrolyte systems, cholesterol measurement systems, tumor markers, homeostasis measurement systems, urine chemistry systems, and others.
The study identifies North America as the top geographical market for point of care diagnostics, with Europe following at the second position. With data showing improved healthcare infrastructure and awareness in the emerging nations of APAC, the global point of care diagnostics market will receive a boost.
Companies Profiled in the PoC Diagnostics Market Report
Players in the POC market are engaged in expediting the launch of products with advanced technologies such as lab-on-a-chip. Leading players in the market are: Abbott Laboratories, Becton, Dickinson and Company, Beckman Coulter, Inc., Nipro Diagnostics, Siemens Medical Solutions and Johnson & Johnson.