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The point of care diagnostics market report highlights the productive growth of the industry in the given forecast period.
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Point of Care Diagnostics Market Global Opportunity Analysis and Industry Forecasts, 2014 - 2022
Point of Care Diagnostics Market Overview • The point of care diagnostics market report highlights the productive growth of the industry in the given forecast period. • The study focus on the advancements made in the field of diagnostics and how POC testing kits have gained popularity in the last few years. • It focuses on the various market segments, based on kits product type including glucose monitoring, infectious disease testing, urinalysis, pregnancy testing, cholesterol test strips, fecal occult, hematology testing, and cardiometabolic monitoring. • The report profiles the big industry players, along with an extensive analysis of their product profiles, business performances, and marketing strategies. • The report comprises of critical data and inputs about the various production volumes and consumption of point of care diagnostic kits across various medical disciplines. Point of Care Diagnostics Market
Current and Future Market Scenario • According to the study, the entire Point of Care Diagnostics market is estimated to reach a value of $43,336 million by the year 2022. • Point of Care Diagnostics Market will grow at a CAGR of 9.4% during the period 2016-2022. • In 2015, glucose monitoring kits was the leading segment of overall point of care diagnostics market revenue. • Infectious disease testing kits segment is expected to grow at a remarkable CAGR of 13.1%, owing to increased demand in the diagnosis of infectious diseases. • Over-the-counter testing kits segment is projected to grow at a CAGR of 104% during analysis period. Point of Care Diagnostics Market
Factors Contributing to Market Growth • Rising prevalence of various infectious diseases and several initiatives implemented by government and non-government associations for rise in health awareness around the world are the factors majorly driving the point of care diagnostics market growth • Other factors that contribute to market growth are: • Increasing prevalence of chronic and infectious diseases • Initiatives implemented by government and not-for-profit associations for rising health awareness • Technological Advancements and adoption of home-based point of care devices • Increasing healthcare expenditures worldwide Point of Care Diagnostics Market
Market Segments Point of Care Diagnostics Market
Dominating Segments • Glucose monitoring kit was the leading segment in 2015 and is expected to continue dominance throughout the forecast period. • Glucose monitoring devices are used to measure the amount of glucose or sugar level in the blood stream. • The clinically unmet demands of infectious diseases’ diagnoses has popularized the growth of the infectious disease testing kits market segment. It is expected to exhibit a remarkable CAGR of 13.1% during the forecast period. Point of Care Diagnostics Market
Region Overview • Geographically, the Point of Care Diagnostics Marketis segmented across North America, Europe, Asia-Pacific, and LAMEA. • North America was the leading regional POC devices market followed by Europe and Asia-Pacific in 2015. • Japan alone is the major shareholder in the Asia-Pacific region accounting for about one-third share of the Asia-Pacific point of care diagnostics market. • Asia-Pacific infectious diseases testing kits market is expected to grow at a CAGR o 14.1% during analysis period. Point of Care Diagnostics Market
Leading Players • The leading players in the point of care diagnostics industry are highly focused to expand their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. • Abbott Laboratories, Siemens AG, F. Hoffmann-La Roche Ltd., Sinocare Inc., Johnson & Johnson, Sysmex Corporation, Nova Biomedical, Danaher Corporation, Becton Dickinson and Company, bioMrieux SA, and Bio-Rad Laboratories are key players in this industry. Point of Care Diagnostics Market
Point of Care Diagnostics Market A report titled “Point of Care Diagnostics Market- Opportunities and Forecasts, 2014 – 2020” has been recently published by Allied Market Research. The report makes close observations of pipeline structure for end-to-end point of care diagnostic market around the world. It makes an in-depth analysis of current trends, drivers, and restraining factors that affect financial ratios relevant to the industry. Company profiles for key vendors in business builds a comprehensive picture of profitable opportunities from stakeholder’s perspective. To know more about the Point of Care Diagnostics Market- Opportunities and Forecasts, 2014 – 2020 report: https://www.alliedmarketresearch.com/point-of-care-diagnostics-market Follow us on Thank You