Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt and will significantly affect the POCT market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the POCT industry.
At present, diagnosis and treatment process of COVID-19 include direct patient charging, ECG diagnosis and in vitro diagnosis, especially in vitro diagnosis. As an important development direction of in vitro diagnosis, POCT has the advantages of short detection time, small instrument and convenient operation. Based on these features, POCT is widely used in ICU. The high severity rate of COVID-19 brings about a sharp increase in demand for high-end medical equipment related to ICU. The critical rate in Hubei Province of China is 15% – 25% in the period of accelerated case growth. At present, there are 13 European countries in short supply of ICU beds in Europe and Iran. According to the requirements, one ICU bed needs to be equipped with one ventilator, one monitor, one electrocardiograph, one defibrillator and one blood purifier. According to the estimation of the number of confirmed cases and 15% of the severe cases rate by April 4, it is estimated that at present, at least 40294 ICU beds and equipment need to be increased in Europe, 4599 ICU beds and equipment need to be increased in Iran, and 44893 ICU beds and equipment need to be increased in Europe and Iran. Totally, there is a huge demand gap in POCT in the world nowadays.
Get PDF report template @ https://www.qyresearch.com/sample-form/form/701194/global-point-of-care-testing-poct-market
Based on our recent survey, we have several different scenarios about the POCT YoY growth rate for 2020. The probable scenario is expected to grow by a 43.2% in 2020 and the revenue will be US$ 43676 Million in 2020 from US$ 30500 Million in 2019. The market size of POCT will reach US$ xx Million in 2026, with a CAGR of xx% from 2020 to 2026.
The total production of POCT will be estimated to xx K Units in China in 2020, compared with xx K Units in 2019. The production is expected to grow by xx% in 2020. With the control of COVID-19, the demand for POCT will decline. The overall production will fall back in 2021. And the production of POCT will be xx K Units in China, with a CAGR of xx% from 2020 to 2026.
POCT (Point of Care Testing) is a new rapid test mode and technology for emergency patients. Compared with the traditional laboratory testing, POCT testing does not need special personnel to collect, transmit and test samples, simplify the process, and can quickly and timely feedback information in a short time, while not limiting the testing time and location. The instrument is small and portable. From the perspective of application scenarios, it is mainly used in ICU, operating room, emergency department and other clinical departments as well as family, clinic, community hospital, etc. In recent years, the scenarios are slightly crossed, and POCT instruments will also be introduced into the laboratory, and the demand for high-throughput and automatic instruments will be increased.
The POCT can mainly be divided into eight categories: Blood Glucose Testing, Infectious Diseases Testing, Cardiac Markers Testing, Coagulation Testing, Pregnancy and Fertility Testing, Blood Gas/Electrolytes Testing, Urinalysis Testing and Others. Accordingly, the global market size of Blood Glucose Testing, Infectious Diseases Testing, Cardiac Markers Testing, Coagulation Testing, Pregnancy and Fertility Testing, Blood Gas/Electrolytes Testing, Urinalysis Testing and Others will reach US $ xx Million, US $ xx Million, US $ xx Million, US $ xx Million, US $ xx Million, US $ xx Million, US $ xx Million and US $ xx Million in 2020, respectively, which are increased compared to 2019 xx%, xx%, xx%, xx%, xx%, xx%, xx% and xx%. Blood Glucose Testing takes a big amount of market with xx%.
From the perspective of application/end users, POCT can be divided into two main categories: Bedside POCT and Laboratory Testing. Accordingly, the global market size of Bedside POCT and Laboratory Testing will reach US $ xx Million and US $ xx Million in 2020, respectively, which are increased compared to 2019 xx% and xx%. Bedside POCT takes a big amount of market with xx%.
The cumulative number of confirmed cases of COVID-19 in the United States has increased dramatically, with the largest number of confirmed cases in the world, which has become the “epicenter” of the global epidemic. At present, the total number of tests in the United States is large, but it is still insufficient. In the future, the number of confirmed cases in the United States will still grow rapidly. Italy and Spain are the most serious epidemic countries in Europe, but they are close to the turning point of the epidemic. France, Germany and Britain are expected to reach the turning point in the middle and late April. There will be more patients that need POCT in the following days. Under this circumstance, POCT in Hospitals will increase at a certain degree in 2020.
Request Customization of Report @ https://www.qyresearch.com/customize-request/form/701194/global-point-of-care-testing-poct-market
Table of Contents:
1 Study Coverage
1.1 Point-of-Care Testing (POCT) Product Introduction
1.2 Key Market Segments in This Study
1.3 Key Manufacturers Covered: Ranking of Global Top Point-of-Care Testing (POCT) Manufacturers by Revenue in 2019
1.4 Market by Type
1.4.1 Global Point-of-Care Testing (POCT) Market Size Growth Rate by Type
1.4.2 Blood Glucose Testing
1.4.3 Infectious Diseases Testing
1.4.4 Cardiac Markers Testing
1.4.5 Coagulation Testing
1.4.6 Pregnancy and Fertility Testing
1.4.7 Blood Gas/Electrolytes Testing
1.4.8 Urinalysis Testing
1.4.9 Others
1.5 Market by Application
1.5.1 Global Point-of-Care Testing (POCT) Market Size Growth Rate by Application
1.5.2 Clinics
1.5.3 Hospitals
1.5.4 Laboratory
1.5.5 Others
1.6 Coronavirus Disease 2019 (Covid-19): Point-of-Care Testing (POCT) Industry Impact
1.6.1 How the Covid-19 is Affecting the Point-of-Care Testing (POCT) Industry
1.6.1.1 Point-of-Care Testing (POCT) Business Impact Assessment – Covid-19
1.6.1.2 Supply Chain Challenges
1.6.1.3 COVID-19’s Impact On Crude Oil and Refined Products
1.6.2 Market Trends and Point-of-Care Testing (POCT) Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.6.3.2 Proposal for Point-of-Care Testing (POCT) Players to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Executive Summary
2.1 Global Point-of-Care Testing (POCT) Market Size Estimates and Forecasts
2.1.1 Global Point-of-Care Testing (POCT) Revenue Estimates and Forecasts 2015-2026
2.1.2 Global Point-of-Care Testing (POCT) Production Capacity Estimates and Forecasts 2015-2026
2.1.3 Global Point-of-Care Testing (POCT) Production Estimates and Forecasts 2015-2026
2.2 Global Point-of-Care Testing (POCT) Market Size by Producing Regions: 2015 VS 2020 VS 2026
2.3 Analysis of Competitive Landscape
2.3.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
2.3.2 Global Point-of-Care Testing (POCT) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3.3 Global Point-of-Care Testing (POCT) Manufacturers Geographical Distribution
2.4 Key Trends for Point-of-Care Testing (POCT) Markets & Products
2.5 Primary Interviews with Key Point-of-Care Testing (POCT) Players (Opinion Leaders)
3 Market Size by Manufacturers
3.1 Global Top Point-of-Care Testing (POCT) Manufacturers by Production Capacity
3.1.1 Global Top Point-of-Care Testing (POCT) Manufacturers by Production Capacity (2015-2020)
3.1.2 Global Top Point-of-Care Testing (POCT) Manufacturers by Production (2015-2020)
3.1.3 Global Top Point-of-Care Testing (POCT) Manufacturers Market Share by Production
3.2 Global Top Point-of-Care Testing (POCT) Manufacturers by Revenue
3.2.1 Global Top Point-of-Care Testing (POCT) Manufacturers by Revenue (2015-2020)
3.2.2 Global Top Point-of-Care Testing (POCT) Manufacturers Market Share by Revenue (2015-2020)
3.2.3 Global Top 10 and Top 5 Companies by Point-of-Care Testing (POCT) Revenue in 2019
3.3 Global Point-of-Care Testing (POCT) Price by Manufacturers
3.4 Mergers & Acquisitions, Expansion Plans
Continued…..
About Us:
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.
Contact US
QY Research, INC.
17890 Castleton, Suite 218,
Los Angeles, CA – 91748
USA: +1 626 428 8800
China: +86 1082 945 717
Japan: +81 9038 009 273
India: +91 9766 478 224