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Date Submitted: 06/13/2016 03:49 AM
According to Stratistics MRC, the Global Point of Care Diagnostics Market is expected to grow at a CAGR of 9.7 % to reach $32.7 billion by 2022. The speed factor, particularly, is the utmost strength of PoC diagnostics as quicker diagnosis facilitates sooner patient management. Increasing incidence of chronic disorders and contagious diseases, that need portable and quick diagnosis, is estimated to fuel the market growth. Lack of co-ordination among healthcare centers, practitioners, and manufacturers is the major factor hindering the point of care diagnostics market.
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Recently, the blood testing segment has been a major contributor to the market, strongly driven by portable glucose monitoring devices. Transmittable diseases, including HIV/AIDS, TB, and hepatitis, will be a rising hub for POC moving ahead. In 2015, North America commanded the POC diagnostics market accounting for more than 40% of the global revenue. Asia Pacific is projected to grow at a productive rate due to the presence of high unmet medical requirements, increase in disposable income and enhancement in healthcare infrastructure in emerging economies. In future, countries such as Japan, China, India, Brazil and Mexico are projected to grow as hot spots for progress of POCT technology.
The key players in global Point of Care Diagnostics market are Roche Diagnostics Limited, Abbott Laboratories, Inc., Johnson & Johnson, Becton, Dickinson And Company, Siemens Healthcare, Bayer Healthcare AG, Nova Biomedical, Abaxis, Inc., Pharmatech Inc., Nipro Diagnostics Inc, Beckman Coulter Inc, BioMérieux, Alere Inc., Danaher Corporation and Spectral Diagnostics.
Technologies Covered:
Rapid HIV Tests
Electrodes
Biosensors
Continuous Testing
Drug Testing
Others
End Users Covered:
Assisted Living Healthcare Facilities
Clinics
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