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Global Point of Care (POC) Diagnostics Devices Market Analysis & Opportunity Outlook 2021

Published On : 06:43 AM, 24th April, 2018 REP-ID-95 Category: Healthcare

Point of care diagnostics is performed outside the laboratory where the patient is receiving care. Point of care diagnostics accomplished by non-laboratory persons and the results are used for medical decision making.

The global point of care diagnostics market reached USD 15.6 billion in the year 2014 and it is expected to reach USD 29.5 billion at the end of 2021, registering a compound annual growth rate (CAGR) of 9.2%.

Market Segmentation

By Technology

On the basis of technology, the global point of care diagnostics market is segmented into:

  • Electrodes
  • Drug Testing
  • Biosensors
  • Rapid HIV Tests
  • Continuous Testing
  • Others

By Type

Dividing on the basis of type, global point of care diagnostics market can be segregated into:

  • OTC Testing Kits
  • Prescription Based Testing Kits

By Product Type

On the basis of product type the global point of care diagnostics market can be divided into:

  • Infectious Diseases Testing Kits
  • Pregnancy And Fertility Testing Kits
  • Glucose Monitoring Kits
  • Coagulation Monitoring Kits
  • Hematology Testing Kits
  • Cardiac Markers
  • Cholesterol Test Strips
  • Fecal Occult Testing Kits
  • Food Pathogens Testing Kits
  • Tumor/Cancer Marker
  • Urinalysis testing kits  
  • Others

By End User

On the basis of end user the global point of care diagnostics market is segmented into:

  • Home
  • Clinics
  • Hospitals
  • Assisted living healthcare facilities
  • Laboratories
  • Others

By Region

On the basis of region the global point of care diagnostics market is segmented into:

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • Row (Rest Of World)

Growth Drivers and challenges

Rising in the infectious diseases across the world, increasing diseases like respiratory, hormonal imbalances, diabetes, inclination towards home-based primary care & diagnostic preferences and rising consumption of home based point of care devices are the major fsactors which are projected to drive the global point of care diagnostics market in the coming six year.

Technological advancement in healthcare sector is yet another factor which is projected to pull the demand of global point of care diagnostics market in the forecasted year.

Disinclination from the industry concerning the stringent regulatory framework, existing norms, product recalls and unfavorable repayment consequence are the major challenges restraining the growth of global point of care diagnostics market.

Market Size and Forecast

North America point of care diagnostics market accounted 45% of the global revenue in the year 2015. The market in the region is likely to get propelled from the introduction of federal guiding principle for the diagnostics tests and occurrence of reimbursement outline. North America point of care diagnostic market is anticipated to showcase a modest growth in the forecasted years.

In North America, the United States account 47% of the total point of care diagnostics market at present and is expected to continue its dominance in near future in the region.

Escalated spending in the healthcare sector can be a factor which raises the demand of point of care diagnostics market in Europe.

Asia-Pacific point of care diagnostics market is expected to rise at a fair rate from 2015 to 2021 and it is anticipated to reach USD 5,965 million in the year 2021.

Key Players

  • Abbott Laboratories
  • Siemens Healthcare
  • Becton Dickinsons & Company
  • Danaher Corporation
  • Roche Diagnostics
  • Beckman Coulter Inc.
  • Nova Biomedical
  • Abaxis, Inc.
  • Bayer AG
  • Alere
  • International Technidyne Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of Latin America)
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)
  • Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
  • Rest of World

Segmentation

  • By Type
  • By Region
  • By Product Type
  • By End User
  • By Technology

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment.

 

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