Global Point-Of-Care Diagnostics Market, By Platform (Lateral Flow Assays, Dipsticks, Microfluidics, Molecular Diagnostics, Immunoassays), Prescription (Prescription-Based Testing, OTC Testing), End-User (Professional Diagnostic Centers, Home Care, Research Laboratories, Other End Users), Product (Glucose, Cardio Metabolic, Infectious Disease, Influenza, HIV, Hepatitis C, Sexually Transmitted Disease (STD), Healthcare-Associated Infection (HAI), Respiratory Infection , Tropical Disease, Other Infectious Disease, Coagulation, PT/INR Activated Clotting Time (ACT/APTT), Pregnancy and Fertility, Tumor/Cancer Marker, Urinalysis, Cholesterol, Hematology, Drugs-of-Abuse, Fecal Occult, Other POC Products), 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 2028
Point-of-care diagnostics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 8.6% in the above-mentioned forecast period. Increased prevalence of infectious diseases in developing countries drives the point-of-care diagnostics market.
Point-Of-Care diagnostics are the techniques used for early and quick diagnosis of diseases. These techniques are highly sensitive, cost-effective, and produce results in minimal time frame. These diagnostics techniques are used hospital, clinics, ambulatory care, home healthcare, and research laboratory.
Rising incidence of target conditions is the vital factor escalating the market growth, also rising government support, increasing number of clia-waived POC tests, rising healthcare expenditures worldwide, rising technological advancements and adoption of home-based point of care devices and rising initiatives implemented by government and not-for-profit associations for rising health awareness are the major factors among others driving the point-of-care diagnostics market. Moreover, rising awareness through conferences and events, rising POC tests with multiplexing capabilities, healthcare decentralization and emerging markets will further create new opportunities for point-of-care diagnostics market in the forecasted period of 2021-2028.
However, rising pricing pressure due to reimbursement cuts and budget constraint and rising stringent and time-consuming regulatory policies are the major factors among others which will obstruct the market growth, while lack of alignment with definitive central lab methods, inadequate knowledge about the use of POC devices in professional settings and reluctance to change existing diagnostic practices will further challenge the growth of point-of-care diagnostics market in the forecast period mentioned above.
This 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 point-of-care diagnostics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Point-of-Care Diagnostics Market Scope and Market Size
Point-of-care diagnostics market is segmented on the basis of platform, prescription, end-user, and product. 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 platform, point-of-care diagnostics market is segmented into lateral flow assays, dipsticks, microfluidics, molecular diagnostics and immunoassays.
- Based on prescription, the point-of-care diagnostics market is segmented into prescription-based testing and OTC testing.
- Based on end-user, the point-of-care diagnostics market is segmented into professional diagnostic centers, home care, research laboratories and other end users. Professional diagnostic centers have been further segmented into clinical laboratories, outpatient healthcare & ambulatory care settings and hospitals/critical care centers.
- The point-of-care diagnostics market is also segmented on the basis of product into glucose, cardio metabolic, infectious disease, influenza, HIV, hepatitis C, sexually transmitted disease (STD), healthcare-associated infection (HAI), respiratory infection, tropical disease, other infectious disease, coagulation, PT/INR activated clotting time (ACT/APTT), pregnancy and fertility, tumor/cancer marker, urinalysis, cholesterol, hematology, drugs-of-abuse, fecal occult and other POC products. Glucose monitoring products have been further segmented into strips, meters, lancets and lancing device. Cardiometabolic has been further segmented into cardiac marker, blood gas/electrolytes and HBA1C.
Point-of-Care Diagnostics Market Country Level Analysis
Point-of-care diagnostics market is analysed and market size insights and trends are provided by country, platform, prescription, end-user, and product as referenced above.
The countries covered in the point-of-care diagnostics 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 point-of-care diagnostics market due to rising presence of supportive government bodies that promote the point of care based diagnostics or testing in this region. Asia-Pacific is the expected region in terms of growth in point-of-care diagnostics market due to rising constant developments by international and local players to reach an untapped market need in this region.
The country section of the 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
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 point-of-care diagnostics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the point-of-care diagnostics market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Point-of-Care Diagnostics Market Share Analysis
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 point-of-care diagnostics market.
The major players covered in the point-of-care diagnostics market report are F.Hoffmann-La Roche Ltd, Siemens, Abbott, Johnson & Johnson Services, Inc., Alere Inc., Instrumentation Laboratory, PTS Diagnostics, Abaxis, Medtronic, Accriva Diagnostics, OPTI Medical, Sienco, Inc., Alpha Scientific, AccuBioTech Co., Ltd., ACON Laboratories, Inc., Acrongenomics, Inc., bioMérieux SA, Biomerica, Inc, Atlas Genetics Ltd, Alfa Scientific Designs, Inc, Bio-Rad Laboratories, Inc., Medica Corporation, and Nova Biomedical 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 : Global Point-Of-Care Diagnostics Market
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