MARKET OVERVIEW
Point of Care Testing allows physicians and medical staff to accurately achieve real-time, lab-quality diagnostic results within minutes. By using portable blood analyzers, Checking at the "point of treatment" simplifies the diagnosis process. When diagnosing a patient's condition or monitoring a treatment response, POC testing allows staff to make quick primary care and treatment decisions.
MARKET SCOPE
The "Point of Care Testing Market to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Point of Care Testing Market with detailed market segmentation by of Product, Platform, Application, End Users. The Point of Care Testing Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Point of Care Testing Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of Product , the market is segmented Glucose Monitoring Products, Cardiometabolic Testing Products, Infectious Disease Testing Products, Coagulation Testing Products, Pregnancy And Fertility Testing Products, Urinalysis Testing Products, Hematology Testing Products And Other.
- On the basis of Platform the market is segmented into Lateral Flow Assays, Dipsticks, Microfluidics, Molecular Diagnostics, and Immunoassays.
- On the basis of Platform the Application is segmented into Research & Development, Diagnosis.
- On the basis of Platform the End users is segmented into Hospitals & Clinics, Home Care, Diagnostic Laboratories And Others.
MARKET DYNAMICS
Drivers
- More than 22 million (17%) of the 129 million annual referrals to emergency departments in the United States were due to trauma and incidents.
- According to the World Health Organization (WHO) and the findings of a previous survey, Middleand low-income countries account for more than 90% of global injury cases.
- Improved efficiencies and productivity, simplified processes and procedure, technological advancements in medical device industry and healthcare facility is also expected to fuel Point of Care Testing Market growth during forecast period
Restraints-
- POC tests intended for Point of Care Testing also require special recognition from the FDA with additional onsite performance data. Such implantation of stringent regulations can become a major factor hindering the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Point of Care Testing Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Point of Care Testing Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Point of Care Testing Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors affecting the Point of Care Testing Market in these regions.
IMPACT OF COVID-19 ON POINT OF CARE TESTING MARKET:
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. The global impacts of the COVID-19 are already starting to be felt, and will significantly affect the Point of Care Testing Market in 2020.Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Point of Care Testing Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Point of Care Testing Market are anticipated to have lucrative growth opportunities in the future with the rising demand for Point of Care Testing Market in the global market. Below mentioned is the list of few companies engaged in the Point of Care Testing Market.
The report also includes the profiles of key players in Point of Care Testing Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered financial information of last 3 years, key development in past five years.
- F. Hoffmann-La Roche Ltd
- Abbott
- Siemens Healthcare GmbH
- Danaher
- BD
- Johnson & Johnson Private Limited
- Chembio Diagnostics
- Quidel Corporation
- EKF Diagnostics
- Trinity Biotech
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.