Global Cardiac Point of Care Testing Kits Market, By Product Type (Cardiac Markers Test, Analysers), End-User (Research Laboratories, Hospitals, Ambulatory Surgical Centers, Diagnostic Laboratories, Others), Prescription Mode (Prescription Based Testing, Over-The-Counter Testing), Distribution Channel (Direct Tenders, Retail), Country (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) Industry Trends and Forecast to 2027
Cardiac point of care testing kits market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to grow at a CAGR of 10.10% in the above-mentioned forecast period. Increases incidences of chronic diseases drives the cardiac point of care testing kits market.
Point of care testing devices are the type of devices which are used for medical diagnostic tests in which the test is done at the place and time of patient care. These testing devices help in saving the time of the patient as sending the samples to the laboratory and waiting for the resulting is a long process.
The rising government spending on the development of healthcare infrastructure in order to facilitate advanced healthcare facilities is the vital factor escalating the market growth, also increasing requirement to diagnose these diseases, growing numbers of the cardiac patients, changing lifestyle pattern, increase in infectious diseases and rapid economic development in the emerging economies are the major factors among others driving the cardiac point of care testing kits market. Moreover, the rising technological advancements and modernization in the healthcare sector will further create new opportunities for cardiac point of care testing kits market in the forecasted period of 2020-2027.
However, stringent government regulations related to product approval, increased cost for point of care testing devices and product recalls and reluctance from the industry towards changing the existing norms are the major factors among others which will obstruct the market growth, and will further challenge the growth of cardiac point of care testing kits market in the forecast period mentioned above.
This cardiac point of care testing kits 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 cardiac point of care testing kits market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Cardiac Point of Care Testing Kits Market Scope and Market Size
Cardiac point of care testing kits market is segmented on the basis of product type, end-user, prescription mode and distribution channel. 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.
- On the basis of product type, the cardiac point of care testing kits market is segmented into cardiac markers test and analyzers. Cardiac markers test has been further segmented into cardiac troponin (cTn) test, myoglobin test, creatine kinase MB isoenzyme (CK-MB) test, combinational test kits and brain natriuretic peptide (BNP) test.
- Based on end-user, the cardiac point of care testing kits market is segmented into research laboratories, hospitals, ambulatory surgical centers, diagnostic laboratories and others.
- Based on prescription mode, the cardiac point of care testing kits market is segmented into prescription based testing and over-the-counter testing.
- The cardiac point of care testing kits market is also segmented on the basis of distribution channel into direct tenders and retail.
Global Cardiac Point of Care Testing Kits Market Country Level Analysis
Cardiac point of care testing kits market is analysed and market size insights and trends are provided by country, product type, end-user, prescription mode and distribution channel as referenced above.
The countries covered in the cardiac point of care testing kits market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the cardiac point of care testing kits market due to favorable reimbursement policies, well-developed healthcare infrastructure in order to facilitate advanced healthcare services, and the presence of major players operating in countries. Asia-Pacific is the expected region in terms of growth in portable medical and healthcare devices market due to rising government spending on the healthcare sector and innovative product offerings by prominent players operating in emerging economies in this region.
The country section of the cardiac point of care testing kits 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
Cardiac point of care testing kits 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 cardiac point of care testing kits market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the cardiac point of care testing kits market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Cardiac Point of Care Testing Kits Market Share Analysis
Cardiac point of care testing kits 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 cardiac point of care testing kits market.
The major players covered in the cardiac point of care testing kits market report are F. Hoffmann-La Roche Ltd, Abbott, 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 among others 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.