Europe POCT Device Market, By Product Type (Blood Glucose Testing Kits, Cardio Metabolic 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), Prescription (Prescription Based Testing and Over-The-Counter (OTC) Testing), Distribution Channel (Direct Tenders and Retail), End users (Hospital, Clinics, Ambulatory Care, Home Healthcare, and Research Laboratory), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2027
Market Analysis and Insights of Europe POCT Device Market
Europe POCT device market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 6.3 Billion in 2019 growing at a CAGR of 8.8% in the above-mentioned forecast period.
The rise of infectious diseases across Europe requires early detection and diagnosis of infectious diseases in the region. Point-of-care testing (POCT) is an important part of the clinical diagnosis market and is rapidly evolving into a preferred test mode as infection, diagnosis leads to lower antibiotic intake, lower laboratory tests for patients, and lower treatment costs. This is not only cost effective for patients but also for hospitals.
The results of diagnostic test take few hours to days that totally depend on the type of disease. Rapid diagnosis is important for survivors. The new regulations, reimbursement laws and technological advancements all focus on making the test accurate, operationally efficient, portable and easy to use. Increasing the scope of POCT equipment, advancements in technology, increased incidence of chronic diseases, increased demand for self-test point care test equipment, decentralized laboratory testing and microscopic laboratory are some of the key factors driving the market.
Many market players are constantly trying and updating upcoming products with more up-to-date innovations in portable devices with lower sample volume or less blood to get more success in in-vitro diagnosis related company, which is creating opportunities for the market players. The growing cost of POCT equipment is one of the factors that are hindering the growth of this market.
This Europe POCT device market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research Europe POCT device market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe POCT Device Market Scope and Market Size
Europe POCT device market is segmented on the basis of product type, prescription mode, distribution channel, end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insight s to help them in making strategic decisions for identification of core market applications.
Based on product type, the Europe POCT device market is segmented into 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. Cardiometabolic monitoring kits are further segmented into cardiac markers, blood gas/electrolytes testing kits, HbA1c testing kits, and lipids testing. Also, infectious disease testing kits are further segmented into influenza testing kits, HIV testing kits, hepatitis C testing kits, sexually-transmitted diseases testing kits, tropical diseases testing kits, healthcare-associated infections and respiratory infections testing kit. Cholesterol testing kits are further divided into prothrombin time testing kits and activated clotting time testing kit.
- On the basis of prescription mode, the Europe POCT device market is segmented into prescription based testing and over-the-counter (OTC) testing.
- On the basis of distribution channel, the Europe POCT device market is segmented into direct tenders and retail.
- On the basis of end users, the Europe POCT device market is segmented into hospital, clinics, ambulatory care, home healthcare, and research laboratory. Hospital segment is further categorized into emergency department critical-care unit, general ward, and others. Others are further segmented into intensive care unit, neo-natal.
Europe POCT Device Market Country Level Analysis
Europe POCT device market is analysed and market size insights and trends are provided by country, product and end use as referenced above.
The countries covered in the Europe POCT device market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe in Europe.
Technavio market research analysts estimate the blood glucose testing segment to be the largest market segment during the forecast period. The high availability of devices like glucose monitoring systems and blood glucose meters in the European region is a key factor that fosters market growth in this segment during the forecasted period.
The country section of the Europe POCT device market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Europe POCT device market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for Europe POCT device market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe POCT device market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Europe POCT Device Market Share Analysis
Europe POCT device market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Europe POCT device market.
The major players covered in the Europe POCT device market report Abbott Laboratories, Inc., Alere Inc., roche Diagnostics Limited, Siemens AG, Becton, Dickinson and Company, Johnson & Johnson Services Inc., PTS Diagnostics, Instrumentation Laboratory, Nova Biomedical, Beckman Coulter, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Europe POCT Device Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.