Point of Care Diagnostics Market Analysis: Market Growth, Share and Forecast
Point of Care Diagnostics (POC) Market Overview
The size of the global point of care diagnostics market is expected to grow at a CAGR of 8% during 2017-2021. The growth of this market during the forecast period will be attributed to factors such as the high prevalence of infectious diseases in developing countries, increasing incidences of target diseases, and a rising preference for home health care across the globe. The adoption of next-generation technology and increasing awareness of point-of-care testing are also factors contributing to positive point-of-care diagnostics market growth.
Numerous related POC diagnostics segments are expected to witness strong growth in the coming years. For example, the global POC molecular diagnostics market is expected to accelerate at a CAGR of 14% during 2019-2023, increasing nearly USD 1.1 billion in market size. Meanwhile, the global POC hematology diagnostics market is expected increase USD 948 million by 2022, accelerating at a CAGR of nearly 9%.
Point of Care Diagnostics Market Insights
- The Americas holds the largest regional market share within the POC diagnostics market, owing to the high incidence of CVD and the rise in diabetic population in the region.
- The focus on next-generation technologies, data management and connectivity to EHRs through interoperability, and the increasing online marketing services for POC diagnosis are the major emerging trends expected to impact the POC diagnostics market during the forecast period.
- By end-user, the two major segments are clinical diagnostic laboratories, and hospitals and clinics. These segments account for approxiamtely 85% of the market share.
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Point of Care Diagnostics Market Segmentation Analysis
Point of Care (POC) Cardiovascular Diagnostic Market
Technavio identifies an increasing geriatric population as the major factor expected to drive point of care cardiovascular diagnostic market growth over the next few years. This increase of the elder population will have extensive implications on public health systems, driving the demand for point of care testing, especially for cardiovascular diagnostics.
Point of Care (POC) Coagulation Testing Market
The increasing penetration of point of care coagulation testing devices in developed countries is currently driving market growth. Additionally, reimbursement systems in several European countries have led to an augmented demand for diagnostic equipment, especially point of care coagulation testing devices.
Within our point of care diagnostics industry research, we provide deep insights into the point of care diagnostics market landscape and its segments. Our point of care diagnostics segmentation research offerings include:
- Diabetes Monitoring Testing Market
- Blood glucose test strips market
- Glucose test meters market
- Lancets & lancing devices market
- Infectious Disease Testing Market
- Influenza testing products
- HIV testing market
- Hepatitis C testing market
- Sexually transmitted disease (STD) testing market
- Healthcare-associated infection (HAI) testing market
- Respiratory infection testing market
- Tropical disease testing market
- Urinalysis Testing Market
- Biochemical urinalysis testing market
- Sediment urinalysis testing market
- Fecal Occult Testing Market
- Stool guaiac testing market
- Immuno FOB agglutination testing market
- Lateral flow immuno-FOB testing market
- Immuno-FOB elisa testing market
- Coagulation Testing Market
- Prothrombin time/International normalized ratio testing market
- Activated clotting time (ACT/APTT) testing market
- Cardio-Metabolic Testing Market
- Cardiac marker testing market
- Blood gas/electrolytes testing market
- Hba1c testing market
- Hematology testing market
- Cholesterol testing market
- Drugs of abuse testing market
- Tumor/cancer marker testing market
- Pregnancy and fertility testing market
We at Technavio, with our comprehensive understanding of the point of care diagnostics market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of point of care diagnostics market reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our point of care diagnostics market reports offer the following insights:
- Point of care diagnostics market size
- Point of care diagnostics market share
- Point of care diagnostics market growth
- Point of care diagnostics market trends
- Point of care diagnostics market forecast
- Point of care diagnostics market vendor landscape
- Point of care diagnostics industry statistics
