Company announcement
Point of Care Diagnostics Market Will Reach USD 30.9 Billion by 2024: Meticulous Research®
A report into the projected growth of the current point of care diagnostics market by Meticulous Research® has produced some incredible forecasts for the industry. By 2024, it’s expected to have grown at a CAGR of 8%, reaching $30.9 billion.
London, United Kingdom - May 2, 2019 /MarketersMedia/ —
Point of care diagnostics market has shown strong growth pattern in recent year’s majorly due to growing burden of infectious diseases, rising geriatric population coupled with the growing prevalence of chronic diseases, technological advancements, rising number of CLIA-waived POC tests, shortage of skilled laboratory technicians, increasing funding/investments for the development of POC products and rising awareness through increasing number of conferences and events. In addition, emerging markets and paper-based microfluidics, further expected to boost the growth of this market during the forecast period.
Meticulous Research® in its latest publication on point of care diagnostics market states that the global point of care diagnostics market will increase at a CAGR of 8.0% from 2018 to 2024 to reach USD 30.9 billion by 2024. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to high prevalence of non-communicable diseases; greater focus on preventive measures and improved patient outcomes; better adoption of technically advanced products; and presence of various POC companies in this region.
The report provides meticulous analysis of global point of care diagnostics market by segmenting it on the basis of product (blood glucose monitoring testing, infectious disease testing, cardiac metabolic monitoring testing, coagulation monitoring testing, pregnancy & fertility testing, fecal occult testing, hematology testing, tumor/cancer marker testing, drug of abuse testing, urinalysis testing, cholesterol testing, and other POC testing kits); platform (molecular diagnostics, microfluidics, dipsticks, and Lateral flow assay), mode (prescription-based testing, over-the-counter testing), and end user (home care/self-testing, physician offices & outpatient/ambulatory care settings, hospitals, and academic & research institutes).
Download free sample report here: https://www.meticulousresearch.com/download-sample-report/cp_id=4871
Wherein, among products, blood glucose monitoring testing segment commanded the largest share in this market. The largest share of this segment is primarily attributed to high prevalence of diabetes population, need for early detection of Hypo and Hyperglycemic diabetes, convenience of POC glucose monitoring over conventional monitoring, and growing technological innovations.
The key players analyzed in the global point of care diagnostics market are Roche Diagnostics (U.S.), Abbott Laboratories (U.S.), Johnson and Johnson Service, Inc. (U.S.), Siemens Healthineers (Germany), and Danaher Corporation (U.S.), AccuBioTech Co., Ltd. (China), Becton Dickinson and Company (U.S.), Chembio Diagnostic Systems, Inc. (U.S.), EKF Diagnostics Holdings plc (U.K.), WerfenLife, S.A. (Spain), Nova Biomedical (U.S.), Sekisui Diagnostics LLC (U.S.), Quidel Corporation (U.S.), OraSure Technologies, Inc., and Trinity Biotech (Ireland).
Browse in-depth Report on https://www.meticulousresearch.com/product/point-of-care-diagnostics-poc-market/
Key Topics Covered in This Report:
1. Introduction
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.1. Introduction
4.1.1. Drivers
4.1.1.1. Increasing Prevalence of Infectious Diseases
4.1.1.2. Growing Incidence of Target Diseases
4.1.1.3. Technological Advancements and New Products Launches
4.1.1.4. Rising Number of CLIA-Waived PoC Tests
4.1.1.5. Shortage of Skilled Laboratory Technicians
4.1.1.6. Increasing Funding/Investments For the Development of PoC Products
4.1.2. Restraints
4.1.2.1. Presence of Stringent Regulatory Policies
4.1.2.2. Pricing Pressures Owing to Reimbursement Cuts and Budget Constraints
4.1.3. Opportunities
4.1.3.1. Increasing Number of Conferences and Events
4.1.3.2. Growth Opportunities in Emerging Markets
4.1.3.3. PoC Tests with Multiplexing Capabilities
4.1.3.4. Healthcare Transition Converting Lab Tests to PoC Tests
4.1.4. Challenges
4.1.4.1. Lack of Knowledge About the Use of PoC Devices
4.1.4.2. High Cost of PoC Devices
4.2. Regulatory Analysis
4.2.1. North America
4.2.2. Europe
4.2.3. Asia-Pacific
4.2.4. Latin America, Middle East & Africa
4.3. Supply Chain Analysis
4.4. Pricing Analysis
4.5. Market Share Analysis
5. Point of Care Diagnostics Market, by Product
5.1. Introduction
5.2. Blood Glucose Monitoring Testing Products
5.2.1. Strips
5.2.2. Meters
5.2.3. Lancets & Lancing Devices
5.3. Cardiac Metabolism Monitoring Testing Products
5.3.1. Blood Gas/Electrolytes Testing Products
5.3.2. Cardiac Markers
5.3.3. Hba1c Testing Products
5.4. Infectious Disease Testing Products
5.4.1. Influenza Testing Products
5.4.2. HIV Testing Products
5.4.3. Hepatitis C Testing Products
5.4.4. Sexually Transmitted Disease (STD) Testing Products
5.4.5. Healthcare Associated Infection (HAI) Testing Products
5.4.6. Respiratory Infection Testing Products
5.4.7. Tropical Disease Testing Products
5.4.8. Other Infectious Disease Testing Products
5.5. Coagulation Monitoring Products
5.5.1. Prothrombin Time (PT/INR) Testing Products
5.5.2. Activated Clotting Time (ACT/aPTT) Testing Products
5.6. Pregnancy and Fertility Testing Products
5.6.1. Pregnancy Testing Products
5.6.2. Fertility Testing Products
5.7. Fecal Occult Testing Products
5.8. Hematology Testing Products
5.9. Tumor/Cancer Markers Testing Products
read continue...
Get Detailed TOC and Sample Pages @ https://www.meticulousresearch.com/download-sample-report/cp_id=4871
About Meticulous Research®
Meticulous Research® is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd.
Address: Wembley, Middlesex- HA0 4JH, U.K.
Phone: +44-203-868-8738
Website: https://www.meticulousresearch.com
Source: MarketersMedia
Release ID: 508484
This announcement was published as provided by the company. The Asean Coverage editorial team did not write or edit it.