Diagnostic tests are made more convenient and homecare is encouraged with the help of portable diagnostic devices.
The healthcare industry makes extensive use of ICT, which has led to important breakthroughs in ICT-based medical devices. Future office visits could be cut in half as a result of these innovations. It is possible to reduce health risks by consulting a doctor less frequently when using a portable medical diagnostic device. Compared to the expensive and cumbersome medical diagnostic tools traditionally used, these devices are both affordable and convenient. The primary function of portable medical diagnostic devices is to transmit patients’ medical records to doctors in real time, which has the potential to slow the spread of pandemic diseases.
Increasing demand for initial diagnosis is anticipated to push the market
A major driving factor in the rise in popularity of portable diagnostic devices is the need for such devices in underserved areas and elsewhere, where access to more advanced and costly medical technology is limited. Moreover, the global portable diagnostic devices market is being propelled by the availability of instant results for laboratory analysis and the convenience of commercial tablets and smartphones. The global portable diagnostic device market is expanding thanks to rising private venture funding for product innovation and rising government support for point-of-care device adoption.
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For epidemic diseases like Hepatitis C, portable diagnostic devices are primarily adopted by healthcare professionals so that they can personally administer the test to patients. Some of the most appealing features increasing the adoption of portable diagnostic device are higher efficiency, the advantage of immediate results, and the ability to make timely decisions.
The global market for portable diagnostic devices has run into a number of obstacles, such as the need to shorten the time it takes to release mobile equipment and concerns about the safety of patient data. Most devices are not optimized with proper data security and safekeeping, which could lead to potential HIPAA violations. Establishing ‘Bring your own device’ (BYOD) is also important to guarantee patient safety.
Glucose monitors, blood pressure analyzers, bone densitometers, and wireless devices are all examples of common portable diagnostic products (Fibits)
Markets for portable diagnostic tools around the world can be broken down into submarkets defined by product category, target market, and method of prescription. Diabetes monitoring devices, infectious disease monitors, cardio metabolic trackers, coagulation monitors, haematology testers, urine analyzers, cholesterol trackers, drug abuse detectors, pregnancy and fertility trackers, occult monitors, tumor and cancer detection devices, and others all make up subsets of the global portable diagnostic device market. Home care settings, clinics, ambulatory & surgical centres, hospitals, diagnostic centres, and others make up the end-user subset of the worldwide portable diagnostic device market. The worldwide market for portable diagnostic devices can be split in two categories: OTC and prescription.
There is a significant need for portable diagnostic tools around the world
The global market for portable medical devices is split up into different sections based on geography, including the Americas, Europe, Asia-Pacific, Latin America, and the MENA. Due to rising market penetration of diagnostic medical devices and a growing emphasis on minimally invasive procedures, Europe is expected to dominate the market of portable diagnostic devices. Due to the presence of advanced healthcare infrastructure and rising awareness among healthcare professionals and patients, North America is projected to gain significant market share, second only to Europe. Due to rising disease rates and rising access to healthcare, the portable diagnostic device market is expanding rapidly in Asia and the Pacific. Self-diagnosis is on the rise, and this, coupled with a greater emphasis on preventative healthcare, will drive the need for lightweight diagnostic tools in this area.
PixCell, PT. RAFA Topaz Utama, Siemens AG, Roche Products Limited, Alere, Inc., Instrumentation Laboratory, PTS Diagnostics, and Beckman Coulter, Inc. are just some of the major players in this industry. Major players are consistently working to decrease the footprint of equipment and integrate extensive databases to boost the practicality of equipment. In 2015, Roche introduced a point-of-care (POC) troponin test that aimed to launch a new portable test for identifying patients suspected of having a heart attack so that they could receive a quicker diagnosis.
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One, in order to grow their customer base, the major players in the market engage in a wide variety of business strategies, including new product launches and partnerships. In February of 2018, for example, Siemens Healthineers collaborated with a medical technology startup called Jana Care to introduce the first smartphone-based diagnostic platform called ‘Aina’ in India. The availability of high-quality tests for chronic diseases will be facilitated by this platform.
Key players in the market are focusing on a variety of business strategies, such as partnership and product launches, to increase their product offerings. For instance, PTS Diagnostics and Kroger Health announced in January 2019 the unveiling of CardioCheck Plus analyzers to aid people with diabetes in performing point-of-care blood testing.
Third, leading firms employ a variety of tactics, including new product launches, in an effort to broaden their product line and increase their market share. The HemoScreen, a point-of-care analyzer for blood tests, was introduced by PixCell Medical in July 2018. HemoScreen is a handheld diagnostic tool that delivers reliable results comparable to those obtained in a laboratory setting.
Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Research Antibodies Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Research Antibodies Industry Impact
Chapter 2 Global Research Antibodies Competition by Types, Applications, and Top Regions and Countries
2.1 Global Research Antibodies (Volume and Value) by Type
2.3 Global Research Antibodies (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Research Antibodies Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Research Antibodies Market Analysis
Chapter 6 East Asia Research Antibodies Market Analysis
Chapter 7 Europe Research Antibodies Market Analysis
Chapter 8 South Asia Research Antibodies Market Analysis
Chapter 9 Southeast Asia Research Antibodies Market Analysis
Chapter 10 Middle East Research Antibodies Market Analysis
Chapter 11 Africa Research Antibodies Market Analysis
Chapter 12 Oceania Research Antibodies Market Analysis
Chapter 13 South America Research Antibodies Market Analysis
Chapter 14 Company Profiles and Key Figures in Research Antibodies Business
Chapter 15 Global Research Antibodies Market Forecast (2023-2030)
Chapter 16 Conclusions
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