The global point-of-care diagnostics market is witnessing growth, due to miniaturization of point-of-care testing devices, technological advancement of point-of-care devices, and healthcare decentralization. Based on product, the glucose monitoring kits segment is the largest contributor to the global point-of-care diagnostics market, due to increasing prevalence of lifestyle associated diseases, such as diabetes; whereas, the cardiac markers and infectious diseases segments are expected to grow at the fastest rate in the coming years.
Explore more about Global Point-of-Care Diagnostics Market at: https://www.psmarketresearch.com/market-analysis/point-of-care-diagnostics-market
The massive unexplored point-of-care diagnostics market in the emerging economies is creating ample opportunities for the growth of the global point-of-care diagnostics market, in the coming years. The advanced research and development activities and new product developments by the major players are supporting the demand of point-of-care devices, with better and cost effective point-of-care diagnostics, thus fuelling the growth of the global point-of-care diagnostics market.
Some of the factors driving the growth of the global point-of-care diagnostics market are increasing prevalence of infectious diseases, increasing prevalence of hospital acquired diseases, growing government support to increase adoption of point-of-care devices, increasing usage of home based point-of-care devices, growing geriatric population, and increasing government support to increase adoption of point-of-care devices. In addition, the increasing prevalence of lifestyle associated diseases, such as cardiovascular disease and diabetes, decreasing number of technicians in central laboratories, increasing private investment for new product development, and increasing awareness campaigns and conferences are fueling the growth of the global point-of-care diagnostics market. However, the lack of alignment with definitive central lab method, drawbacks of point-of-care testing over central lab method, and strict and time consuming regulatory approval are some of the factors, restraining the growth of the global point-of-care diagnostics market to some extent. Further, the reluctance towards changing the existing treatment practice and lack of reimbursement are also hindering the growth of the global point-of-care diagnostics market.
Geographically, North America leads the global point-of-care diagnostics market, due to increasing lifestyle associated disease and increasing usage of point-of-care devices. Asia-Pacific is the fastest growing region in the global point-of-care diagnostics market, which is driven by growing healthcare expenditure, large pool of patients, increasing government initiatives and support. Moreover, the Asia-Pacific point-of-care diagnostics market is growing rapidly, due to growing research and development activities, and increasing funding towards development of point-of-care diagnostic products in the emerging economies, such as India and China.
Browse Related Market Research at:
The key players operating in the global point-of-care diagnostics market are Abbott Laboratories Inc., Siemens Healthcare, F Hoffmann La-Roche, Nipro Diagnostics Inc., Johnson & Johnson, Abaxis Inc., Alere Inc., Becton, Dickinson and Company, Beckman Coulter Inc., and Bayer Healthcare.
GLOBAL POINT-OF-CARE DIAGNOSTICS MARKET SEGMENTATION
Breakdown by Product
- Glucose Monitoring Kit
- Cardiac Marker
- Infectious Disease Testing Kit
- Coagulation Monitoring Kits
- Pregnancy and Fertility Testing Kits
- Hematology Testing Kits
- Cholesterol Test Strips
- Blood Gas/ Electrolytes Kit
- Tumor/Cancer Marker
- Urinalysis Testing Kits
- Drug of Abuse Testing Kits
- Fecal Occult Testing Kits
- Food Pathogens Testing Kits
- Other Testing Kits
Breakdown by Prescription Mode
- Prescription based Testing Kits
- OTC Testing Kits
Breakdown by End-User
- Patient Professional Monitoring Kits
- Patient Self-Monitoring Kits
Breakdown by Geography
- North America
- Rest of the World
About P&S Market Research
P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.
As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.
Company Name: P&S Market Research
Contact Person: Ms Somya, Manager – Client Partner
Phone: +1-888-778-7886 (USA/Canada Toll-Free)
Address:347, 5th Ave. #1402
City: New York City
Country: United States