Europe POCT Device Market to Witness CAGR of 8.6% in the Forecast Period of 2017 to 2024

Europe POCT Device Market is forecasted to grow at 8.6% for 2017 to 2024 to an estimated value of USD 11,682.54 billion by 2024 with factors such as unfavorable reimbursement policy and availability of fake products in the market, hampering the market growth.

There is increasing demand for POCT devices from the European countries such as Germany, Italy and United Kingdom due to increasing application of these devices in the fields such as oncology, forensics, and defense.

Europe POCT Device Market Scenario

According to Data Bridge Market Research the Europe POCT device market in developing regions is witnessing a growth in terms of its adoption rate, due to increasing cases of chronic diseases, dearth of laboratory staffs, rising ageing population and technological advancement in the POCT devices.

Europe POCT device market is becoming more competitive every year with blood glucose testing kits currently being the largest market product for the forecasted period of 2017 to 2024. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the Europe POCT device market.

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Europe POCT Device Market Development

Abbott announced the launch of their new Afinion HbA1c Dx assay in June 2019 which is the first rapid point-of-care HbA1c test specially designed for the identification of diabetes. This new test have the ability to provide results in just 3 minutes which will help the patient to get instant treatment in just one visit.

Scope of the Europe POCT Device Market

Europe POCT device market on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe.

  • All country based analysis of the Europe POCT device market is further analyzed based on maximum granularity into further segmentation. On the basis of product, the market is segmented into blood glucose testing kits, cardio metabolic 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 and rapid coagulation testing kits. On the basis of prescription mode, Europe point-of-care testing market is segmented into prescription based testing and over-the-counter (OTC) testing. On the basis of distribution channel, market is segmented into direct tenders and retail. End-User segment of the market is divided into hospital, clinics, ambulatory care, home healthcare, and research laboratory.
  • Point of care testing is a kind of a testing which is performed near the patient site, outside the laboratories. POCT usually collects the specimen and provide the result in short duration. POC devices are widely used in homes, hospitals, clinics and other healthcare facilities. These devices are usually portable, convenient, and provide quality results. Some of the common types of the POC devices are blood glucose testing kits, cardio metabolic monitoring kits, infectious disease testing kits, pregnancy & fertility tests kits, cholesterol test strips, and others.  

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Key Pointers Covered in the Europe POCT Device Market Industry Trends and Forecast to 2024

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Johnson & Johnson Services, Inc.
  • BD
  • Medtronic
  • F. Hoffmann-La Roche Ltd
  • Siemens
  • Abbott
  • Danaher
  • WerfenLife, S.A.
  • Henry Schein, Inc.
  • OPTI Medical
  • Sienco, Inc.
  • ACON Laboratories, Inc
  • Ativa Medical.
  • Abaxis
  • Artron Laboratories Inc.
  • ARKRAY, Inc
  • bioMérieux SA
  • Entopsis.

Above are the key players covered in the report, to know about more and exhaustive list of Europe POCT device companies, contact us

Research Methodology: Europe POCT Device Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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