APAC Point-of-care Testing (POCT) Market is poised to grow at 14.6% till 2024

According to Data Bridge Market Research new Market report “APAC Point-of-care Testing (POCT) Market Trends and Forecast to 2024 – By Product (Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits, Infectious Disease Testing Kits, Cholesterol Testing Kits, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Cholesterol Test Strips, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits, & Others),By Prescription Mode (Prescription Based Testing & Over-The-Counter Testing),By Distribution Channel (Direct Tenders & Retail),By End User (Hospital, Clinics, Ambulatory Care, Home Healthcare, & Research Laboratory), By Country (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC)”, is projected to reach USD 11.5 billion by 2024, from USD 3.9 billion in 2016 at a CAGR of 14.6% during the forecast period from 2017 to 2024. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.APAC Point-of-Care Testing (POCT) Market

Report Access: http://databridgemarketresearch.com/reports/apac-point-care-testing-poct-market-trends-forecast-2024/

APAC Point-of-care Testing (POCT) Market helps in the rapid performance of diagnostic tests despite patient being at the point of care facility. This helps in obtaining the results immediately rather than waiting for hours or even days outside the laboratory. POCT has become significant part of patient care at various health care facilities. Point-of-care testing includes glucometer, lipid analysers, coagulation analysers, and hematology analysers among others. These tests are planned so that they can be used near the site of patients’ location which does not require permanent space and can be performed in non-laboratory settings such as in the physician’s office, ambulance, home, field, and hospital.

Factors such as emerging market, growing patient pool, rising number of partnerships and joint ventures, and rising initiatives by the market players will contribute to the growth of the market in future. Also, the current focus of the companies on the development of devices for diagnosis and treatment of cancer, stroke, and cardiac patients will drive the market in future. To compete with other POCT companies in the future, POCT companies will need to employ a different set of digital strategies and connectivity solutions.

Market Segmentation: APAC Point-of-care Testing (POCT) Market

  • The APAC Point-of-care Testing (POCT) Market is segmented on the basis of product, prescription mode, distribution channel, end user and geography.
  • On the basis of product the market is segmented into 13 major segments which includes blood glucose testing kits, cardiometabolic monitoring kits, infectious disease testing kits, cholesterol testing kits, pregnancy and fertility tests kits, tumor/cancer markers, urinalysis testing kits, cholesterol test strips, hematology testing kits, drugs of abuse testing kits, fecal occult testing kits, rapid coagulation testing kits, and others.
  • Based on prescription mode, the APAC Point-of-care Testing (POCT) Market is segmented into prescription based testing and over-the-counter (OTC) testing.
  • On the basis of distribution channel, the market is segmented into direct tenders and retail.
  • On the basis of end users, the market is segmented into hospital, clinics, ambulatory care, home healthcare, and research laboratory.

Geographical Segmentation: APAC Point-of-care Testing (POCT) Market

Based on geography the market is segmented into 11 countries, China, Japan, India, South Korea, Australia, Thailand, Malaysia, Singapore, Indonesia, Philippines and Rest of APAC.

Competitive Landscape: APAC Point-of-care Testing (POCT) Market

TheAPAC Point-of-care Testing (POCT) Market is highly fragmented with various companies operating in local regions. 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. For instance, in June 2015, Roche launched its Cardiac point-of-care (POC) troponin test for the cobas h 232 system which is available for countries which accept the CE Mark. This product has improved accuracy at low concentrations and it will help in diagnosis of heart attack patients with high mortality risk. The report includes company share data for different countries including China, Japan, India, South Korea, Australia and Singapore.

The APAC point-of-care testing market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. Some of the major players operating in this market are Abbott Laboratories, Inc., Roche Diagnostics Limited, Siemens AG, Beckman Coulter, Inc., Becton, Dickinson and Company, Johnson & Johnson, Alere Inc., Instrumentation Laboratory, PTS Diagnostics, Abaxis, Inc., Medtronic, Accriva Diagnostics, Opti Medical, Sienco, Inc., Alpha Scientific, AccuBioTech Co., Ltd., ACON Laboratories, Inc., Acrongenomics, AccuBioTech Co., Ltd., bioMérieux, Biomerica, Inc., Atlas Genetics Ltd., Alfa Scientific Designs, Inc., Bio-Rad Laboratories, Inc., Medica Corporation, and Nova Biomedical among others.

Browse Related Reports:

Global Point-of-care Testing (POCT) Market Trends and Forecast to 2024 – By Product (Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits, Infectious Disease Testing Kits, Cholesterol Testing Kits, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Cholesterol Test Strips, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits, & Others),By Prescription Mode (Prescription Based Testing & Over-The-Counter Testing),By Distribution Channel (Direct Tenders & Retail),By End User (Hospital, Clinics, Ambulatory Care, Home Healthcare, & Research Laboratory), By Geography (North America, Europe, Asia-Pacific, South America, Rest of the World)

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