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Global Point-of-Care Testing (POCT) Market 2021:Size,Future Demand, Opportunities,Demand,Forecast To 2028||Players-Beckman Coulter, Inc., BD, Johnson & Johnson Services, Inc., Instrumentation Laboratory, PTS Diagnostics, Abaxis, Medtronic, Accriva Diagnostics

The Point-of-care testing Market report study also includes the key strategic developments of the market, including R&D, new product launch, M&A, agreements, collaboration, partnerships, venture, regional growth of the leading competitors performing in the market on a regional scale. In the end, Point-of-care testing Market report provide meaningful data to those who are looking to enter into the healthcare industry by providing market competition, size and trends of the market.

The Point-of-care testing Market will be scrutinized in detail along with their company profiling, the prices they charge upon products and gross margin, leading vendor in the market are included based on profile business performance, etc. This report offers such decisive acuity to business competitors that drive them to make informed business decisions, form profit-making stratagems, and create lucrative marketing mixes. The crucial counsels proposed by the report will help players at every critical stage ranging from raw material resourcing to establishing a presence

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The global point-of-care testing (POCT) market is expected to witness market growth at a rate of 9.25% in the forecast period of 2021 to 2028 and is expected to reach USD 49.77 billion by 2028.

Key Market Competitors Covered in the report

  • Abbott
  • Hoffmann-La Roche Ltd
  • 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.

……..many more

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Key Questions Answered In The Report

What are the challenges being faced by the new entrants?

Which will be the point-of-care testing (POCT) application and sorts and estimate joined intently by makers?

Which will be the dangers which will attack growth?

The length of the global point-of-care testing (POCT) market opportunity?

How point-of-care testing (POCT) share advance vacillations their value from various assembling brands?

Global Point-of-Care Testing (POCT) Market Scope and Market Size

The global point-of-care testing (POCT) market is segmented on the basis of product, technology, prescription, application and end-use. The growth amongst these segments will help you analyze 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, the point-of-care testing (POCT) market is segmented into glucose monitoring, cardiometabolic testing, infectious disease testing, coagulation testing, pregnancy and fertility testing, tumor/cancer marker testing, urinalysis testing, cholesterol testing, hematology testing, drugs-of-abuse testing and fecal occult testing. Cardiometabolic testingis further segmented into cardiac markers, blood gas/electrolytes testing kits, hba1c testing kits and lipids testing. Infectious disease testing is 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, respiratory infections testing kits and others. Cholesterol testing is further segmented into prothrombin time testing kits and activated clotting time testing kit.
  • On the basis of technology, the point-of-care testing (POCT) market is segmented into lateral flow assays, dipsticks, microfluidics, molecular diagnostics, immunoassays, agglutination assays, flow-through, solid phase and biosensors.
  • On the basis of prescription, the point-of-care testing (POCT) market is segmented into OTC testing and prescription-based testing.
  • On the basis of application, the point-of-care testing (POCT) market is segmented into cardio metabolic testing, infectious disease testing, nephrology testing, drug-of-abuse (DoA) testing, blood glucose testing, pregnancy testing and cancer biomarker testing.
  • On the basis of end-use, the point-of-care testing (POCT) market is segmented into hospitals, diagnostic centers, research laboratories and home-care settings. Hospitals are further segmented into emergency department critical-care unit, general ward and others. Clinics are further segmented into physicians  clinic and diagnostic clinic.

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Global Point-of-Care Testing (POCT) Market Drivers:

Data Bridge Market Research report on point-of-care testing (POCT) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the prevalence of infectious diseases is escalating the growth of point-of-care testing (POCT) market.

The rise in funding by multiple sources across the globe acts as one of the major factors driving the growth of point-of-care testing (POCT) market.

The increase in the incidences of target diseases and infectious diseases among population such as coronavirus and increase in demand for POC tests due to the divisions such as operating room, cath labs, ICU, emergency room and neonatal intensive care units among others in order to provide effective and rapid patient care accelerate the point-of-care testing (POCT) market growth.

The rise in demand for home healthcare encouraging manufacturers to commercialize portable products that are user-friendly and emergence of smartphone-oriented healthcare solutions, digital technologies and embedded vision-based solutions further influence the point-of-care testing (POCT) market.

Additionally, rise in significance of POC diagnostics in environmental monitoring and public health, rise in number of CLIA-waived POC tests, increase in technological advancement and surge in healthcare expenditure positively affect the point-of-care testing (POCT) market.

Furthermore, growth in provider awareness about novel technologies and rise in demand for POC tests with multiplexing capabilities extend profitable opportunities to the point-of-care testing (POCT) market players in the forecast period of 2021 to 2028.

Global Point-of-Care Testing (POCT) Market Restraints:

On the other hand, high cost associated with the products, pricing pressure owing to reimbursement cuts and budget constraints and stringent regulatory policies are the factors expected to obstruct the point-of-care testing (POCT) market growth.

Lack of alignment with definitive central lab methods and reluctance to change existing diagnostic practices are projected to challenge the point-of-care testing (POCT) market in the forecast period of 2021-2028.

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Point-of-Care Testing Market Scenario

According to Data Bridge Market Research the point-of-care testing market in developing regions is witnessing a growth in terms of its adoption rate, due to rising adoption of POC diagnostics, increasing government support, growing prevalence of infectious diseases and dearth of professional laboratory.

Now the question is which are the regions that point-of-care testing market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.

Point-of-care testing market is becoming more competitive every year with clinics currently being the largest market end- users for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the point-of-care testing market.

Report Highlights:

  • Historical and current market size and projection up to 2028.
  • Competitive landscape
  • Potential and niche segments/regions exhibiting promising growth
  • To get a comprehensive overview of the Point-of-care testing
  • Analyze and forecast Point-of-care testing market on the basis of type, function and application.
  • Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.

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Last Updated: 08-Jun-2021