Europe Point-Of-Care Diagnostics Market, By Product (Glucose Monitoring Products, Infectious Disease Testing Products, Coagulation Monitoring Products, Cardiometabolic Monitoring Products, Hematology Testing Products, Urinalysis Testing Products, Cholesterol Testing Products, Drugs-of-Abuse Testing Products, Tumor/Cancer Marker Testing Products, Pregnancy & Fertility Testing Products, Fecal Occult Testing Products, and Other POC Products), End Use (Clinical Laboratories and Outpatient Healthcare & Ambulatory Care Settings, Hospitals/Critical Care Centers, Home Care Settings, and Other End Users), Platform (lateral flow assays, immunoassays, molecular diagnostics, dipsticks, and microfluidics) 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 Point-Of-Care Diagnostics
Europe point-of-care diagnostics market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market grow at a CAGR of 10.3% in the above-mentioned forecast period.
Point-of-care testing is mostly used in the hospitals and clinical centres for effective patient care in the trauma care and emergency department. The main tools used after the test in are to measure ration as blood gas and electrolyte in the body. Additionally, rapid testing by POC diagnostic technologies is expected to shorten the duration of surgical procedures.
Time reductions and increased efficiency streamline more health care processes, resulting in greater financial benefits for the health care provider and patients. Reductions in clinical visits (due to the availability of individual examiners), reduced hospitalization, and increased use of optimized clinic resources can increase cost-effective efforts resulting from the use of point-of-care diagnostics are some of the factors which is boosting the demand of the market.
Increasing investments by key players for the development of advanced POC testing will accelerate the market. Increased demand due to the faster diagnostic results compared to conventional methods further accelerates the growth of the efficient POC diagnostics market. The patient population and hospitalization will create attractive business opportunities for the market in the coming years. However, lack of development over the various point-of-care diagnostics products due to the product recalls from the various market competitors acts as a restraint to the market growth.
This Europe point-of-care diagnostics 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 point-of-care diagnostics market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Point-Of-Care Diagnostics Market Scope and Market Size
Europe point-of-care diagnostics market is segmented on the basis of product and end use. 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 insights to help them in making strategic decisions for identification of core market applications.
- Based on product, the Europe point-of-care diagnostics market is segmented into glucose monitoring products, infectious disease testing products, coagulation monitoring products, cardiometabolic monitoring products, hematology testing products, urinalysis testing products, cholesterol testing products, drugs-of-abuse testing products, tumor/cancer marker testing products, pregnancy & fertility testing products, fecal occult testing products, and other POC products.
- Based on platform, the Europe point-of-care diagnostics market is segmented into lateral flow assays, immunoassays, molecular diagnostics, dipsticks, and microfluidics.
- Based on end user, the Europe point-of-care diagnostics market is segmented into clinical laboratories and outpatient healthcare & ambulatory care settings, hospitals/critical care centers, home care settings, and other end users.
Europe Point-Of-Care Diagnostics Market Country Level Analysis
Europe point-of-care diagnostics 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 point-of-care diagnostics market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe.
In Europe, the France is going to be the dominating region because it is going to the prevalence of unhealthy lifestyle, high number of chronic diseases, rising number of FDA approvals and government regulations related to development of healthcare.
The country section of the Europe point-of-care diagnostics 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 point-of-care diagnostics 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 point-of-care diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Europe point-of-care diagnostics market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Europe Point-Of-Care Diagnostics Market Share Analysis
Europe point-of-care diagnostics 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 point-of-care diagnostics market.
The major players covered in the Europe point-of-care diagnostics market report are Roche, Siemens, Siemens Healthcare GmbH, AccuBioTech Co., Ltd., Chembio Diagnostic Systems, Inc., EKF Diagnostics Holdings plc, Instrumentation Laboratory (A Werfen Company), and Nova Biomedical, PTS Diagnostics 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.
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.