GLOBAL POINT OF CARE TESTING MARKET is expected to reach USD 41.7 billion by 2026, growing at a substantial CAGR of 8.4% in the forecast period 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Some of the key players profiled in the report are Abbott, F. Hoffmann-La Roche Ltd, Siemens AG, Beckman Coulter, Inc., BD , Johnson & Johnson Services, Inc., Instrumentation Laboratory, PTS Diagnostics, Abaxis, Medtronic, Accriva Diagnostics, Opti Medical, Sienco, Inc., Alpha Scientific Electronics, AccuBioTech Co., Ltd., ACON Laboratories, Inc., Acrongenomics Inc., bioMrieux SA, Biomerica, Inc., Binx Health, Inc., Alfa Scientific Designs, Inc., Bio-Rad Laboratories, Inc., Medica Corporation, Nova Biomedical and others.
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- To analyze the market size of the market and infer the key trends from it.
- Industry Chain Suppliers of Point of Care Testing market with Contact Information
- The key findings and recommendations highlight crucial progressive industry trends in the Point of Care Testing Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Point of Care Testing market
- Extensive analysis of the key segments of the industry helps in understanding the trends in types of point of care test across Europe.
Asia-Pacific is expected to grow at the highest growth rate with China emerging as a leader in the forecast period of 2020 to 2027 due to growing number of new hospital construction projects and thus boosting the demand for medical and surgical equipment.
Market Drivers: Global Point-of-Care Testing Market
- Growing Geriatric Population
- Advancement In Technology
- Decentralized Laboratory Testing
- Increased Incidence of Chronic Diseases
- Laboratory Staff Shortages
High cost for point of care testing devices
Product recalls and reluctance from the industry towards changing the existing norms
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Key Developments in the Market:
In August 2018, AACC launched a certification program for point-of-care testing (POCT) for professionals; who perform diagnostic testing outside central laboratory. People how are eligible for criteria and pass an online test, proctored exam will receive the designation, of Certified Point-of-Care Testing Professional (CPP).
In February 2016, Abbott To Acquire Alere, which will become leader in point of care testing Abbott gains leadership in USD 5.5 billion point of care segment, the, main advantage of this Acquisition is it will provide access to new product applications, channels and geographies.
Segmentation: Global Point of Care Testing Market
(Blood Glucose Testing Kits, Cardiometabolic Monitoring Kits, Infectious Disease Testing Kits, Cholesterol Testing Kits, Pregnancy & Fertility Tests Kits, Tumor/Cancer Markers, Urinalysis Testing Kits, Cholesterol Test Strips, Hematology Testing Kits, Drugs Of Abuse Testing Kits, Fecal Occult Testing Kits, Rapid Coagulation Testing Kits & Others),
(Prescription Based Testing & Over-The-Counter Testing),
(Direct Tenders & Retail),
(Hospital, Clinics, Ambulatory Care, Home Healthcare, & Research Laboratory),
(North America, Europe, Asia-Pacific, South America, Middle East and Africa)
Key Pointers Covered in the Point-of-Care Testing Market Industry Trends and Forecast to 2026
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Healthcare Outcomes
- Market Cost of Care Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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