InsightAce Analytic Pvt. Ltd. announces the release of market assessment report on “Global Point of Care Diagnostics Market– By Trends, Industry Competition Analysis, Revenue and Forecast Till 2030”
According to the latest research by InsightAce Analytic, the global Point of Care Diagnostics market size valued at US$ XX Million and it is expected to reach US$ XX Million in 2030, recording a promising CAGR of XX% during the period of 2019-2030. By region, North America dominates the market with share of XX% of global Point of Care Diagnostics market.
Point-Of-Care diagnostic devices are used in healthcare facilities such as professional diagnostic centers, research laboratories, home healthcare, physician’s offices and hospitals for immediate disease diagnosis. Major factors responsible for the growth of this market are increasing prevalence of chronic and infectious diseases all over the world. Moreover, COVID-19 pandemic has significantly affected the point of care diagnostics market. Increasing number of COVID-19 patients forcing the healthcare industry to develop rapid and advance testing tools, driving the opportunities for POC market.
The need to address the recent outbreak of coronavirus, high prevalence of infectious diseases, rising human health issues, need for rapid diagnostics, lack of advance technologies in the diagnostic labs, growing preference for home healthcare, new inventions and innovations by key players, changes in life style patterns, and increasing healthcare expenditure will create more opportunities to expand the point of care diagnostics market during the forecast period.
Currently, North America dominates the market for point-of care-diagnostics, and it is expected to grow over the forecast period. This can be due to the increasing prevalence of chronic and infectious diseases, rising awareness of self-testing and the favorable government initiatives undertaken for healthcare developments. On the other hand, Europe and Asia Pacific are estimated to be the fastest-growing regional markets in the future.
The infectious diseases product segment has dominated the POC market in 2020 and will also lead the market throughout the forecast period 2019-2030. The glucose product segment is also in high demand as the routine testing of glucose levels is very important for controlling the diabetics.
The growing demand of user-friendly, cost-effective, commercialize portable products estimated to drive the market of point of care diagnostics industry. Also, increasing usage of home-based glucose monitoring systems is one of the key factors observed in the point of care diagnostics market. Many companies are launching innovative and advanced glucose monitoring systems and that have increased their adoption rate among the end-users.
Some of the key Players of point of care diagnostics market are Abbott Laboratories, Dickinson, And Company (Bd), Chembio Diagnostic Systems, Inc., Danaher Corporation, Ekf Diagnostics Holdings Plc, Werfenlife, S.A., Johnson & Johnson Services, Inc., Nova Biomedical, Hoffmann-La Roche Ltd., Sekisui Chemical Co. Ltd., Quidel Corporation, Siemens Ag, Trinity Biotech, Accubiotech Co., Ltd.
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Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Products
- Blood Glucose Monitoring Testing Products
- Cardiac Metabolism Monitoring Testing Products
- Infectious Disease Testing Products
- Coagulation Monitoring Products
- Pregnancy and Fertility Testing Product
- Fecal Occult Testing Products
- Hematology Testing Products
- Tumor/Cancer Markers Testing Products
- Drugs of Abuse Testing Products
- Urinalysis Testing Products
- Cholesterol Testing Products
- Other PoC Testing Products
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Platform
- Lateral Flow Assays (Immunochromatography Tests/Lateral Flow Immunoassays)
- Molecular Diagnostic
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Mode
- Prescription-Based Testing Products
- Over-the-Counter (OTC) Testing Product
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on End-Users
- Home Care/Self Testing
- Physician offices & Outpatient/Ambulatory Care Settings
- Research Laboratories
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2030 based on Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
North America Point of Care Diagnostics Market revenue (US$ Million) by Country, 2019 to 2030
Europe Point of Care Diagnostics Market revenue (US$ Million) by Country, 2019 to 2030
- Rest of Europe
Asia Pacific Point of Care Diagnostics Market revenue (US$ Million) by Country, 2019 to 2030
- South Korea
- Australia & New Zealand
Latin America Point of Care Diagnostics Market revenue (US$ Million) by Country, 2019 to 2030
- Rest of Latin America
Middle East & Africa Point of Care Diagnostics Market revenue (US$ Million) by Country, 2019 to 2030
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for Global Point of Care Diagnostics Market
- To receive industry overview and future trends Point of Care Diagnostics Market
- To analyse the Point of Care Diagnostics Market drivers and challenges
- To get information on Point of Care Diagnostics Market size value (US$ Mn) forecast till 2030
- Major Investments, Mergers & Acquisition in Point of Care Diagnostics Market industry
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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