Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
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%.
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. CLICK TO DOWNLOADSAMPLE REPORT
On the basis of technology, the global point of care diagnostics market is segmented into:
Dividing on the basis of type, global point of care diagnostics market can be segregated into:
On the basis of product type the global point of care diagnostics market can be divided into:
On the basis of end user the global point of care diagnostics market is segmented into:
On the basis of region the global point of care diagnostics market is segmented into:
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.
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