Global point-of-care diagnostics market is expected to rise from its initial estimated value of USD 8.57 billion in 2018 to an estimated value of USD 17.20 billion by 2026, registering a CAGR of 9.1% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing adoption of home-based diagnostic tests and POC testing devices in the home-care
This comprehensive point-of-care diagnostics market report underlines the primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. Other key market parameters range from industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers point-of-care diagnostics drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, to company market share analysis. This point-of-care diagnostics market report carries out an evaluation of the growth rate and the market value of point-of-care diagnostics industry based on market dynamics and growth inducing factors.
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Point-Of-Care diagnostics are the techniques used for early and quick diagnosis of diseases. These techniques are highly sensitive, cost-effective, and produce results in minimal time frame. These diagnostics techniques are used hospital, clinics, ambulatory care, home healthcare, and research laboratory.
According to World Health Organization, there were an estimated Approximately 16.0 million (1.0%) disability and 1.7 million (2.8%) of deaths worldwide are attributable to low fruit and vegetable consumption almost more than half of these deaths could have been avoided with the availability of proper healthcare procedures. This significant number is expected to act as a driver to the market growth.
- Increasing adoption of home-based diagnostic tests and POC testing devices in the home-care, this factor is expected to act as a driver for the market growth
- Lack of confidence over the various point-of-care diagnostics products due to the product recalls from the various market competitors, this factor is expected to act as a restraint to the market growth
Key Market Competitors:
Few of the major competitors currently working in the point-of-care diagnostics market. are F.Hoffmann-La Roche Ltd (Switzerland) ., Siemens (Germany), Abbott (US) ., Beckman Coulter, Inc (US)., BDUS), Johnson & Johnson Services, Inc. (US), Alere Inc. (US), Instrumentation Laboratory (US), PTS Diagnostics (US), Abaxis . (US), Medtronic (Ireland), Accriva Diagnostics (US), OPTI Medical (US), Sienco, Inc. (US), Alpha Scientific (US), AccuBioTech Co. , Ltd. (CHINA), ACON Laboratories, Inc. (US), Acrongenomics, Inc. (Canada), bioMérieux SA, (France) Biomerica, Inc (US)., Atlas Genetics Ltd (UK)., Alfa Scientific Designs, Inc(US)., Bio-Rad Laboratories, Inc.(US), Medica Corporation(US), and Nova Biomedica (US), among others.
Key Developments in the Market:
- In July 2017, Siemens Healthiness acquire Epocal Inc., a subsidiary of Alere Inc. Epocal Inc. develops and provides point-of-care blood diagnostic systems for healthcare enterprises.
- In July 2017 Quidel Acquired Alere Triage MeterPro. acquisition has given Quidel diversification by seasonality and geographic point-of-care market.
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Global point-of-care diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of point-of-care diagnostics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Point-Of-care diagnostics Market
- By Product
- Glucose Monitoring Products
- Lancets & Lancing Device
- Cardiac Marker
- Blood Gas/Electrolytes
- Infectious Disease
- Hepatitis C
- Sexually Transmitted Disease (STD)
- Healthcare-Associated Infection (HAI)
- Respiratory Infection
- Tropical Disease
- Other Infectious Disease
- Activated Clotting Time (ACT/APTT)
- Pregnancy and Fertility
- Pregnancy test
- Fertility test
- Tumor/Cancer Marker
- Fecal Occult
- Other POC Products
- By Platform
- Lateral Flow Assays (Immunochromatography tests)
- Molecular Diagnostics
- By Prescription
- Prescription-Based Testing
- OTC Testing
- By End User
- Professional Diagnostic Centers
- Clinical Laboratories, Outpatient Healthcare & Ambulatory Care Settings
- Hospitals/Critical Care Centers
- Home Care
- Research Laboratories
- Other End Users
- By Geography
- North America
- U. S.
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
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