Reimbursement System Becoming the Major Reason in Growth of POCT Devices Market in European Countries

Global Point-of-Care-Testing (POCT) Market Projected to Reach USD 20 Billion by 2024

Globally the technological advancements in smartphones, biosensors, wearable devices and lab-on-a-chip tend to induce the growth of point-of-care testing (POCT) market. The major factor for advancement in healthcare technologies is to provide a convenient diagnosis for the patient at home. Such trends are estimated to be major driving factors for the growth of global POCT market.

According to Goldstein Research, the global healthcare industry is estimated to be valued at USD 1.3 trillion and the global medical devices market is estimated at USD 315 billion in 2016, and the global POCT devices contribute nearly 8.0% of the global devices market. The POCT market size as per the analysis is expected to reach USD 20.0 billion by 2024.

Global POCT market segmentation has been carried out on the basis of systems, clinical specialities & diseases, areas of use, end user and geography. Based on clinical specialities & diseases, diabetes segment accounted for 67.0% market share, followed by other segments such as infectious disease, cardiac coagulations and blood gas.

Further, Global point-of-care-testing (POCT) industry is estimated to be dominated by North America but it is closely followed by Europe. Moreover Europe POCT market is growing at highest CAGR owing to increase in a number of physician office labs as compared to the U.S. Asia Pacific region is still having a lower market share but by 2024, it is anticipated to grow at fast CAGR and acquire considerable market share.

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Market Segmentation

On the basis of our in-depth analysis, Global Point-of-Care-Testing (POCT) Market can be segmented as follows:

By Systems Basis

  • Blood Gas Family
  • Cardiac
  • Diabetes
  • Urinalysis
  • Informatics

By Clinical Specialties & Diseases

  • Cardiology
  • Critical Care
  • Diabetes
  • Endocrinology
  • Liver Diseases
  • Maternal-Fetal
  • Neonatology

By Areas of Use

  • Inpatient Care (Operation Theater, Intensive care ward, Emergency departments, etc)
  • Outpatient Care (Medical Practice, House Visits, etc)
  • Special Areas (Sports medicine, civil protection and Military)
  • Patient self-monitoring (Glucose monitoring, Anti-coagulant monitoring)
  • Relative Medical Indication (Sports studio, Tests from pharmacy)

By Areas of Use

  • Inpatient Care (Operation Theater, Intensive care ward, Emergency departments, etc)
  • Outpatient Care (Medical Practice, House Visits, etc)
  • Special Areas (Sports medicine, civil protection and Military)
  • Patient self-monitoring (Glucose monitoring, Anti-coagulant monitoring)
  • Relative Medical Indication (Sports studio, Tests from pharmacy)

By Region

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

“Global Point-of-Care-Testing (POCT) Market Outlook 2024” contains detailed overview of the global point-of-care-testing (POCT) market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by systems basis, clinical specialties & diseases, areas of use and end user.

Further, for the in-depth analysis, Global Point-of-Care-Testing (POCT) Market Report encompasses the market growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This global market research report also includes competitive outlook of some of the major players profiling of companies such as Abbott/i-STAT, Bayer, Biosite, bioMerieux, Cholestech, Instrumentation Laboratory, Inverness, International Technidyne Corporation, Meridian, Nova Biomedical, Roche, Quidel, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global point-of-care-testing (POCT) market trends along with market forecast that will help market consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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