(PharmaNewsWire.Com, October 19, 2017 ) 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. 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.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
