Point-of-Care Testing Market to Witness High Demand Due to Increasing Adoption of POC Diagnostics

Point-of-Care Testing Market is forecasted to grow at 8.4% for 2019 to 2026 with factors such as time taking regulatory policies and high cost of point of care devices hampering the market growth.

Point-of-care testing market has shown a significant adoption rate and preferences from the North America region with countries such as U.S. and Canada. Rising government initiatives to enhance point of care testing and improvement in the healthcare infrastructure are some of the factors which are expected to enhance the demand for point-of-care testing in the region.

Point-of-Care Testing Market Scenario

According to Data Bridge Market Research the point-of-care testing market in developing regions is witnessing a growth in terms of its adoption rate, due to rising adoption of POC diagnostics, increasing government support, growing prevalence of infectious diseases and dearth of professional laboratory.

Now the question is which are the regions that point-of-care testing market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.

Point-of-care testing market is becoming more competitive every year with clinics currently being the largest market end- users for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the point-of-care testing market.

For more analysis on the point-of-care testing market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=point-care-testing-poct-market

Point-of-Care Testing Market Development

Abbott announced the launch of their new point of care testing Afinion HbA1c Dx assay in June 2019 which can be used on Afinion AS100 Analyzer and Afinion 2 Analyzer. This is the first POCT testing which has received approval from FDA for diabetes diagnosis and patient risk assessment of the condition.

Scope of the Point-of-Care Testing Market

Point-of-care testing 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, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.

  • All country based analysis of the point-of-care testing 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, 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 and rapid coagulation testing kits & others. Prescription mode segment is divided into prescription based testing & over-the-counter testing. Distribution channel is divided into direct tenders & retail. The end- user segment is divided into hospital, clinics, ambulatory care, home healthcare, & research laboratory.
  • Point-of-care testing are those medical testing devices which are usually performed outside the medical laboratory. These POC testing devices are usually handheld and provide instant results. They are widely used to easily identify disease problems for early detection and disease management. Some of the common POCT devices are cholesterol testing kits, cardiometabolic monitoring kits, infectious disease testing, cancer markers, hematology testing kits, cholesterol test strips, and other.

To know more about the study https://www.databridgemarketresearch.com/reports/point-care-testing-poct-market

Key Pointers Covered in the Point-of-Care Testing Market Industry Trends and Forecast to 2026

  • 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

  • Abbott
  • F. Hoffmann-La Roche Ltd
  • Siemens AG
  • Beckman Coulter, Inc.
  • BD
  • Johnson & Johnson Services, Inc.
  • Instrumentation Laboratory
  • PTS Diagnostics
  • Abaxis, Medtronic
  • Accriva Diagnostics
  • Opti Medical
  • Sienco, Inc.
  • Alpha Scientific Electronics
  • AccuBioTech Co., Ltd.
  • ACON Laboratories, Inc.
  • Acrongenomics Inc.
  • bioMérieux SA
  • Biomerica, Inc.
  • Binx Health, Inc.
  • Alfa Scientific Designs, Inc.
  • Bio-Rad Laboratories, Inc.
  • Medica Corporation
  • Nova Biomedical

Above are the key players covered in the report, to know about more and exhaustive list of point-of-care testing companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=point-care-testing-poct-market

Research Methodology: Global Point-of-Care Testing 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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