According to MarketIntelReports’ “2017-2022 Global Top Countries POC Diagnostics Market Report”:
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POC Diagnostics (point of care) is a medical test performed in the clinical laboratory in close proximity to where the patient is receiving care. It is performed by non-laboratory persons and the results are used for making clinical decisions. Point of care enhances the management of different diseases and conditions. It is very important in developing countries. However, most of the developing countries lack modern laboratories and automated instruments that provide accurate results. The POC Diagnostics Market enhances a physician’s ability to diagnose the patient’s disease accurately. The market may experience a lucrative growth in the near future.
Scope & Regional Forecast of the POC Diagnostics Market
The POC Diagnostics Market is driven by technological advancement, cost effect, and high quality medical solutions. The increasing prevalence of diseases along with the rise in the aging population base which is prone to diseases impact the demand of point of care testing. But the high cost of procedure and presence of time consuming regulatory framework hinder the growth of the market during the forecast period. Increasing demand from developing economies and health care decentralization can create growth avenues for point of care diagnostics.
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North America has the largest share in the POC Diagnostics Market followed by Europe. The glucose monitoring kit dominates the market. Glucose monitoring devices measure the amount of glucose or sugar level in the blood stream. Increase in the usage of home based glucose monitoring systems is a trend in the followed with the point of care devices in healthcare. Many companies are launching advanced glucose monitoring systems that have increased their adoption rate among the end users.
Increase in the prevalence of chronic and infectious diseases like cardiac diseases, hepatitis, cancer, respiratory, and sexually transmitted diseases play an important role in the POC Diagnostics Market. Changes in the life style patterns cause different medical conditions like diabetes, obesity, and hypertension which require point of care testing products. Asia Pacific is the fastest growing region in the future. The growth is due to aging population, international research collaborations, increasing R&D expenditure and growth in healthcare industry. The point of care medical devices has a lot of scope in the markets of Asia Pacific due to health awareness in China and India.
The POC Diagnostics Market in Middle East and Africa will have a steady growth in the future. Demand from Saudi Arabia and UAE is expected to push the demand for poc equipment in the coming days.
Segmentations & Key Players Involved in the POC Diagnostics Market
The POC Diagnostics Market can be broken down into various segments as follows:
- Product Types- Blood Glucose Testing, Infectious Diseases Testing, Cardiac Markers Testing, Coagulation Testing, Pregnancy and Fertility Testing, Blood Gas/Electrolytes Testing, Tumor Markers Testing, Urinalysis Testing, and Cholesterol Testing.
- Application- Clinics, Hospitals, Laboratory, and Others.
- Region- United States, Canada, Mexico, Germany, and France.
Some of the key players involved in the POC Diagnostics Market are as follows:
- Abbott Laboratories
- Johnson & Johnson
- Siemens Healthcare
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